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% | 38.10B | Mar 2005 | DAX vs VGK | |
| SPDR Portfolio Europe ETF | 0.07% | 713.01M | Oct 2002 | DAX vs SPEU | |
| Franklin FTSE United Kingdom ETF | 0.09% | 872.32M | Nov 2017 | DAX vs FLGB | |
| Franklin FTSE Eurozone ETF | 0.09% | 70.75M | Nov 2017 | DAX vs FLEU | |
| Franklin FTSE Europe ETF | 0.09% | 115.89M | Nov 2017 | DAX vs FLEE |
Best Risk-Adjusted Alternatives to DAX
DAX has a PortfoliosLab risk / return rank of 9. There are 47 ETFs in the Europe Equities category with higher risk-adjusted ranks, going as high as 81.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Austria ETF | 81 | 145.98M | Mar 1996 | DAX vs EWO | |
| iShares MSCI Spain ETF | 78 | 1.97B | Mar 1996 | DAX vs EWP | |
| First Trust RiverFront Dynamic Europe ETF | 68 | 100.00K | Apr 2016 | DAX vs RFEU | |
| First Trust STOXX European Select Dividend Index F... | 67 | 835.32M | Aug 2007 | DAX vs FDD | |
| WisdomTree European Opportunities Fund | 65 | 274.12M | Mar 2015 | DAX vs OPPE |
Top Performing DAX Alternatives (YTD)
DAX is at -1.27% YTD. There are 51 ETFs in the Europe Equities category with higher YTD returns, going as high as 20.31%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| iShares MSCI Austria ETF | 20.31% | 145.98M | Mar 1996 | DAX vs EWO | |
| iShares MSCI Netherlands ETF | 18.79% | 519.60M | Mar 1996 | DAX vs EWN | |
| iShares MSCI Norway ETF | 18.48% | 92.06M | Jan 2012 | DAX vs ENOR | |
| Global X MSCI Norway ETF | 17.03% | 86.03M | Nov 2010 | DAX vs NORW | |
| iShares MSCI Poland ETF | 14.97% | 665.21M | May 2010 | DAX vs EPOL |
Lowest Volatility Alternatives to DAX
DAX has 18.11% 1-year volatility. There are 39 ETFs in the Europe Equities category with lower 1-year volatility, going as low as 7.89%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| First Trust RiverFront Dynamic Europe ETF | 7.89% | 100.00K | Apr 2016 | DAX vs RFEU | |
| Xtrackers MSCI Europe Hedged Equity Fund | 13.12% | 760.54M | Oct 2013 | DAX vs DBEU | |
| ProShares MSCI Europe Dividend Growers ETF | 14.13% | 8.20M | Sep 2015 | DAX vs EUDV | |
| First Trust Switzerland AlphaDEX Fund | 14.38% | 37.05M | Feb 2012 | DAX vs FSZ | |
| WisdomTree European Opportunities Fund | 14.54% | 274.12M | Mar 2015 | DAX vs OPPE |
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 | |
| WisdomTree European Opportunities Fund | -8.83% | 274.12M | Mar 2015 | DAX vs OPPE | |
| First Trust STOXX European Select Dividend Index F... | -9.39% | 835.32M | Aug 2007 | DAX vs FDD | |
| Xtrackers MSCI Europe Hedged Equity Fund | -9.81% | 760.54M | Oct 2013 | DAX vs DBEU | |
| iShares MSCI United Kingdom ETF | -9.92% | 3.98B | Mar 1996 | DAX vs EWU |
Other ETFs from Global X
The 10 most viewed Global X ETFs shown here include QYLD, SHLD, AIQ 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 | 9.09% | 8.37B | Dec 2013 | DAX vs QYLD | |
| Global X Defense Tech ETF | Aerospace & Defense | 10 | -6.37% | 6.91B | Sep 2023 | DAX vs SHLD | |
| Global X Artificial Intelligence & Technology ETF | Technology Equities | 56 | 20.53% | 10.08B | May 2018 | DAX vs AIQ | |
| Global X Uranium ETF | Uranium | 15 | -4.70% | 5.92B | Nov 2010 | DAX vs URA | |
| Global X Copper Miners ETF | Copper | 54 | 3.92% | 6.98B | Apr 2010 | DAX vs COPX | |
| Global X Robotics & Artificial Intelligence Themat... | Robotics, Technology Equities | 18 | -0.94% | 3.44B | Sep 2016 | DAX vs BOTZ | |
| Global X Silver Miners ETF | Silver, Precious Metals | 31 | -10.96% | 4.14B | Apr 2010 | DAX vs SIL | |
| Global X S&P 500 Covered Call ETF | Derivative Income, S&P 500 | 89 | 6.88% | 3.22B | Jun 2013 | DAX vs XYLD | |
| Global X Data Center & Digital Infrastructure ETF | REIT | 84 | 35.04% | 2.25B | Oct 2020 | DAX vs DTCR | |
| Global X US Infrastructure Development ETF | Industrials Equities | 50 | 17.87% | 14.01B | Mar 2017 | DAX vs PAVE |
Often Compared With DAX
Investors most often compare DAX with SPY, CAC, BMW.DE. These 20 comparison targets span 7 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