^GDAXI vs. ^FCHI

Last updated Apr 3, 2026

Compare and contrast key facts about DAX Performance Index (^GDAXI) and CAC 40 (^FCHI).

Performance

^GDAXI vs. ^FCHI - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in DAX Performance Index (^GDAXI) and CAC 40 (^FCHI). The values are adjusted to include any dividend payments, if applicable.

^GDAXI vs. ^FCHI - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
^GDAXI DAX Performance Index	-5.40%	23.01%	18.85%	20.31%	-12.35%	15.79%	3.55%	25.48%	-18.26%	12.51%
^FCHI CAC 40	-2.30%	10.42%	-2.15%	16.52%	-9.50%	28.85%	-7.14%	26.37%	-10.95%	9.26%

Returns By Period

In the year-to-date period, ^GDAXI achieves a -5.40% return, which is significantly lower than ^FCHI's -2.30% return. Over the past 10 years, ^GDAXI has outperformed ^FCHI with an annualized return of 8.96%, while ^FCHI has yielded a comparatively lower 6.24% annualized return.

^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%

^FCHI

• 1D: -0.24%
• 1M: -1.75%
• YTD: -2.30%
• 6M: -1.17%
• 1Y: 1.32%
• 3Y*: 2.72%
• 5Y*: 5.46%
• 10Y*: 6.24%

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

Return for Risk

^GDAXI vs. ^FCHI — Risk / Return Rank

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

^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

^FCHI

^FCHI Risk / Return Rank: 30
^FCHI Sharpe Ratio Rank: 18
^FCHI Sortino Ratio Rank: 16
^FCHI Omega Ratio Rank: 17
^FCHI Calmar Ratio Rank: 51
^FCHI Martin Ratio Rank: 50

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.

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

This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and CAC 40 (^FCHI). 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.

	^GDAXI	^FCHI	Difference
Sharpe ratio Return per unit of total volatility	0.20	0.08	+0.11
Sortino ratio Return per unit of downside risk	0.38	0.21	+0.17
Omega ratio Gain probability vs. loss probability	1.05	1.03	+0.02
Calmar ratio Return relative to maximum drawdown	0.54	1.35	-0.80
Martin ratio Return relative to average drawdown	1.91	4.63	-2.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

^GDAXI vs. ^FCHI - Sharpe Ratio Comparison

The current ^GDAXI Sharpe Ratio is 0.20, which is higher than the ^FCHI Sharpe Ratio of 0.08. The chart below compares the historical Sharpe Ratios of ^GDAXI and ^FCHI, 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

	^GDAXI	^FCHI	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.20	0.08	+0.11
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.53	0.33	+0.19
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.49	0.35	+0.14
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.21	+0.20

Correlation

The correlation between ^GDAXI and ^FCHI is 0.81, 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

^GDAXI vs. ^FCHI - Drawdown Comparison

The maximum ^GDAXI drawdown since its inception was -72.68%, which is greater than ^FCHI's maximum drawdown of -65.29%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and ^FCHI.

Drawdown Indicators

	^GDAXI	^FCHI	Difference
Max Drawdown Largest peak-to-trough decline	-72.68%	-65.29%	-7.39%
Max Drawdown (1Y) Largest decline over 1 year	-12.27%	-11.08%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	-26.40%	-23.04%	-3.36%
Max Drawdown (10Y) Largest decline over 10 years	-38.78%	-38.56%	-0.22%
Current Drawdown Current decline from peak	-8.86%	-7.64%	-1.22%
Average Drawdown Average peak-to-trough decline	-14.75%	-23.58%	+8.83%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.50%	3.23%	+0.27%

Volatility

^GDAXI vs. ^FCHI - Volatility Comparison

DAX Performance Index (^GDAXI) has a higher volatility of 6.64% compared to CAC 40 (^FCHI) at 5.18%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than ^FCHI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	^GDAXI	^FCHI	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.64%	5.18%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	11.28%	9.46%	+1.82%
Volatility (1Y) Calculated over the trailing 1-year period	17.64%	15.86%	+1.78%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.80%	16.17%	+0.63%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.30%	17.66%	+0.64%