AOX.DE vs. DAX

Last updated Jun 5, 2026

AOX.DE (alstria office REIT-AG) is a stock, while DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index. At a 0.24 correlation, their price movements are largely independent.

Performance

AOX.DE vs. DAX - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in alstria office REIT-AG (AOX.DE) and Global X DAX Germany ETF (DAX). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

AOX.DE is traded in EUR, while DAX is traded in USD. To make them comparable, the DAX values have been converted to EUR using the latest available exchange rates.

Returns By Period

AOX.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAX

• 1D: -1.60%
• 1M: -1.82%
• YTD: -0.03%
• 6M: 1.78%
• 1Y: 0.77%
• 3Y*: 14.63%
• 5Y*: 8.61%
• 10Y*: 8.43%

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

AOX.DE vs. DAX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
AOX.DE alstria office REIT-AG	0.00%	-24.94%	110.38%	-31.96%	-40.01%	36.88%	-3.86%	42.49%	-1.41%	13.03%
DAX Global X DAX Germany ETF	-0.03%	22.50%	17.84%	19.91%	-13.42%	15.78%	3.02%	24.87%	-19.30%	12.47%

Correlation

The correlation between AOX.DE and DAX is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (3Y) Calculated over the trailing 3-year period	0.03
Correlation (5Y) Calculated over the trailing 5-year period	0.11
Correlation (10Y) Calculated over the trailing 10-year period	0.19
Correlation (All Time) Calculated using the full available price history since Oct 24, 2014	0.24

The correlation between AOX.DE and DAX shifts across timeframes, from 0.03 (3 years) to 0.24 (all time), reflecting how their relationship changes across market environments.

Return for Risk

AOX.DE vs. DAX — Risk / Return Rank

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

DAX

DAX Risk / Return Rank: 10
DAX Sharpe Ratio Rank: 10
DAX Sortino Ratio Rank: 10
DAX Omega Ratio Rank: 10
DAX Calmar Ratio Rank: 10
DAX Martin Ratio Rank: 10

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.

AOX.DE vs. DAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for alstria office REIT-AG (AOX.DE) and Global X DAX Germany ETF (DAX). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	AOX.DE	DAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.05	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.50	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.43	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.41	—

Drawdowns

Drawdown Indicators

	AOX.DE	DAX	Difference
Max Drawdown Largest peak-to-trough decline	—	-39.14%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-13.10%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.09%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-26.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.14%	—
Current Drawdown Current decline from peak	—	-4.02%	—
Average Drawdown Average peak-to-trough decline	—	-7.88%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.19%	—

Volatility

Volatility by Period

	AOX.DE	DAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.83%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	16.09%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.40%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	19.49%	—

Dividends

AOX.DE vs. DAX - Dividend Comparison

AOX.DE has not paid dividends to shareholders, while DAX's dividend yield for the trailing twelve months is around 1.50%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
AOX.DE alstria office REIT-AG	0.00%	0.00%	0.00%	40.16%	54.49%	2.71%	7.09%	3.10%	4.26%	4.03%	4.20%	4.06%
DAX Global X DAX Germany ETF	1.50%	1.47%	2.24%	2.48%	2.80%	2.65%	2.25%	2.47%	3.33%	1.73%	1.78%	1.41%

Frequently Asked Questions

Can I hold both AOX.DE and DAX in my portfolio?

AOX.DE and DAX have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.