^AEX vs. ^GDAXI

Last updated Apr 3, 2026

Compare and contrast key facts about AEX Index (^AEX) and DAX Performance Index (^GDAXI).

Performance

^AEX vs. ^GDAXI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in AEX Index (^AEX) and DAX Performance Index (^GDAXI). The values are adjusted to include any dividend payments, if applicable.

^AEX vs. ^GDAXI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^AEX AEX Index	2.58%	8.27%	11.67%	14.20%	-13.65%	27.75%	3.31%	23.92%	-10.41%	12.71%
^GDAXI DAX Performance Index	-5.40%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%

Returns By Period

In the year-to-date period, ^AEX achieves a 2.58% return, which is significantly higher than ^GDAXI's -5.40% return. Over the past 10 years, ^AEX has underperformed ^GDAXI with an annualized return of 8.39%, while ^GDAXI has yielded a comparatively higher 8.96% annualized return.

^AEX

• 1D: -0.09%
• 1M: -1.45%
• YTD: 2.58%
• 6M: 1.76%
• 1Y: 8.25%
• 3Y*: 8.77%
• 5Y*: 6.61%
• 10Y*: 8.39%

^GDAXI

• 1D: -0.56%
• 1M: -2.62%
• YTD: -5.40%
• 6M: -5.14%
• 1Y: 3.47%
• 3Y*: 14.14%
• 5Y*: 8.93%
• 10Y*: 8.96%

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

^AEX vs. ^GDAXI — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

^AEX

^AEX Risk / Return Rank: 53
^AEX Sharpe Ratio Rank: 32
^AEX Sortino Ratio Rank: 29
^AEX Omega Ratio Rank: 31
^AEX Calmar Ratio Rank: 92
^AEX Martin Ratio Rank: 82

^GDAXI

^GDAXI Risk / Return Rank: 25
^GDAXI Sharpe Ratio Rank: 22
^GDAXI Sortino Ratio Rank: 20
^GDAXI Omega Ratio Rank: 21
^GDAXI Calmar Ratio Rank: 30
^GDAXI Martin Ratio Rank: 31

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

^AEX vs. ^GDAXI - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for AEX Index (^AEX) and DAX Performance Index (^GDAXI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	^AEX	^GDAXI	Difference
Sharpe ratio Return per unit of total volatility	0.53	0.20	+0.33
Sortino ratio Return per unit of downside risk	0.78	0.38	+0.40
Omega ratio Gain probability vs. loss probability	1.11	1.05	+0.06
Calmar ratio Return relative to maximum drawdown	3.19	0.54	+2.65
Martin ratio Return relative to average drawdown	7.61	1.91	+5.71
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^AEX vs. ^GDAXI - Sharpe Ratio Comparison

The current ^AEX Sharpe Ratio is 0.53, which is higher than the ^GDAXI Sharpe Ratio of 0.20. The chart below compares the historical Sharpe Ratios of ^AEX and ^GDAXI, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	^AEX	^GDAXI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.53	0.20	+0.33
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.42	0.53	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	0.49	+0.02
Sharpe Ratio (All Time) Calculated using the full available price history	0.36	0.41	-0.05

Correlation

The correlation between ^AEX and ^GDAXI is 0.75, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Drawdowns

^AEX vs. ^GDAXI - Drawdown Comparison

The maximum ^AEX drawdown since its inception was -71.60%, roughly equal to the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for ^AEX and ^GDAXI.

Drawdown Indicators

	^AEX	^GDAXI	Difference
Max Drawdown Largest peak-to-trough decline	-71.60%	-72.68%	+1.08%
Max Drawdown (1Y) Largest decline over 1 year	-9.23%	-12.27%	+3.04%
Max Drawdown (5Y) Largest decline over 5 years	-23.80%	-26.40%	+2.60%
Max Drawdown (10Y) Largest decline over 10 years	-35.78%	-38.78%	+3.00%
Current Drawdown Current decline from peak	-5.26%	-8.86%	+3.60%
Average Drawdown Average peak-to-trough decline	-22.69%	-14.75%	-7.94%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.86%	3.50%	-0.64%

Volatility

^AEX vs. ^GDAXI - Volatility Comparison

The current volatility for AEX Index (^AEX) is 5.05%, while DAX Performance Index (^GDAXI) has a volatility of 6.64%. This indicates that ^AEX experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^AEX	^GDAXI	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.05%	6.64%	-1.59%
Volatility (6M) Calculated over the trailing 6-month period	9.99%	11.28%	-1.29%
Volatility (1Y) Calculated over the trailing 1-year period	15.45%	17.64%	-2.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.38%	16.80%	-1.42%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.21%	18.30%	-2.09%