Global X DAX Germany ETF (DAX) belongs to the Europe Equities category. Below you'll find alternative ETFs from the same category, ranked by key criteria, plus funds that investors commonly compare with DAX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to DAX
DAX charges 0.20% annually. There are 11 ETFs in the Europe Equities category with lower expense ratios, going as low as 0.06%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Vanguard FTSE Europe ETF | 0.06% | 37.80B | Mar 2005 | DAX vs VGK | |
| iShares Core MSCI Europe ETF | 0.09% | 8.91B | Jun 2014 | DAX vs IEUR | |
| SPDR Portfolio Europe ETF | 0.09% | 720.89M | Oct 2002 | DAX vs SPEU | |
| Franklin FTSE Europe ETF | 0.09% | 117.81M | Nov 2017 | DAX vs FLEE | |
| Franklin FTSE Eurozone ETF | 0.09% | 71.27M | Nov 2017 | DAX vs FLEU |
Best Risk-Adjusted Alternatives to DAX
DAX has a PortfoliosLab risk / return rank of 12. There are 45 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 86.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Finland ETF | 86 | 56.67M | Jan 2012 | DAX vs EFNL | |
| iShares MSCI Norway ETF | 66 | 111.08M | Jan 2012 | DAX vs ENOR | |
| iShares MSCI Austria ETF | 66 | 136.36M | Mar 1996 | DAX vs EWO | |
| Global X MSCI Norway ETF | 66 | 161.61M | Nov 2010 | DAX vs NORW | |
| First Trust STOXX European Select Dividend Index F... | 64 | 884.12M | Aug 2007 | DAX vs FDD |
Top Performing DAX Alternatives (YTD)
DAX is at -0.66% YTD. There are 50 ETFs in the Europe Equities category with higher YTD returns, going as high as 28.21%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Norway ETF | 28.21% | 111.08M | Jan 2012 | DAX vs ENOR | |
| Global X MSCI Norway ETF | 26.31% | 161.61M | Nov 2010 | DAX vs NORW | |
| iShares MSCI Finland ETF | 21.03% | 56.67M | Jan 2012 | DAX vs EFNL | |
| iShares MSCI Netherlands ETF | 18.09% | 549.97M | Mar 1996 | DAX vs EWN | |
| iShares MSCI Austria ETF | 14.52% | 136.36M | Mar 1996 | DAX vs EWO |
Lowest Volatility Alternatives to DAX
DAX has 17.66% 1-year volatility. There are 39 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 0.00%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| WisdomTree Europe Hedged SmallCap Equity Fund | 0.00% | 128.99M | Mar 2015 | DAX vs EUSC | |
| First Trust RiverFront Dynamic Europe ETF | 8.73% | 100.00K | Apr 2016 | DAX vs RFEU | |
| Xtrackers MSCI Europe Hedged Equity Fund | 12.70% | 773.08M | Oct 2013 | DAX vs DBEU | |
| WisdomTree European Opportunities Fund | 13.86% | 269.61M | Mar 2015 | DAX vs OPPE | |
| ProShares MSCI Europe Dividend Growers ETF | 14.06% | 8.41M | Sep 2015 | DAX vs EUDV |
Lowest Drawdown Alternatives to DAX
DAX has a 1-year max drawdown of -14.82%. There are 45 ETFs in the Europe Equities category with shallower 1-year drawdowns, going as shallow as -5.15%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | -5.15% | 100.00K | Apr 2016 | DAX vs RFEU | |
| iShares MSCI Finland ETF | -7.92% | 56.67M | Jan 2012 | DAX vs EFNL | |
| WisdomTree European Opportunities Fund | -8.83% | 269.61M | Mar 2015 | DAX vs OPPE | |
| iShares MSCI Norway ETF | -9.01% | 111.08M | Jan 2012 | DAX vs ENOR | |
| Global X MSCI Norway ETF | -9.18% | 161.61M | Nov 2010 | DAX vs NORW |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, URA and span 12 categories. AUM among these funds goes as high as $14B.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| Global X NASDAQ 100 Covered Call ETF | Nasdaq-100, Derivative Income | 88 | 7.88% | 8.41B | Dec 2013 | DAX vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 15 | -2.28% | 7.99B | Sep 2023 | DAX vs SHLD | |
| Global X Uranium ETF | Commodity Producers Equities | 34 | 17.93% | 7.06B | Nov 2010 | DAX vs URA | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 81 | 35.98% | 10.85B | May 2018 | DAX vs AIQ | |
| Global X Copper Miners ETF | Materials | 75 | 25.71% | 7.99B | Apr 2010 | DAX vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 33 | 11.15% | 3.74B | Sep 2016 | DAX vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 48 | 4.75% | 5.22B | Apr 2010 | DAX vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 82 | 4.96% | 3.17B | Jun 2013 | DAX vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 92 | 52.56% | 2.14B | Oct 2020 | DAX vs DTCR | |
| Global X US Infrastructure Development ETF | Utilities Equities | 59 | 19.88% | 13.54B | Mar 2017 | DAX vs PAVE |
Often Compared With DAX
Investors most often compare DAX with SPY, ^NIFTY500, CAC. These 20 comparison targets span 5 categories, based on PortfoliosLab usage data.
Compare DAX with Any Fund or Stock
Compare DAX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair DAX with funds that move differently
Global X DAX Germany ETF alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to DAX.
Explore DAX Diversifiers