C007.DE vs. DAX
C007.DE (Amundi MDAX ESG UCITS ETF Dist) and DAX (Global X DAX Germany ETF) are both Europe Equities funds - C007.DE tracks the MDAX® ESG+ while DAX tracks the DAX Index. Both are passively managed. Over the past 10 years, C007.DE returned 4.38%/yr vs 8.75%/yr for DAX. A 0.65 correlation means they provide meaningful diversification when combined. C007.DE charges 0.30%/yr vs 0.20%/yr for DAX.
Performance
C007.DE vs. DAX - Performance Comparison
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Different Trading Currencies
C007.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
In the year-to-date period, C007.DE achieves a 7.27% return, which is significantly higher than DAX's 1.59% return. Over the past 10 years, C007.DE has underperformed DAX with an annualized return of 4.38%, while DAX has yielded a comparatively higher 8.75% annualized return.
C007.DE
- 1D
- 0.48%
- 1M
- 3.37%
- YTD
- 7.27%
- 6M
- 9.42%
- 1Y
- 8.07%
- 3Y*
- 5.69%
- 5Y*
- -0.66%
- 10Y*
- 4.38%
DAX
- 1D
- 0.97%
- 1M
- 1.94%
- YTD
- 1.59%
- 6M
- 4.10%
- 1Y
- 2.27%
- 3Y*
- 15.31%
- 5Y*
- 8.95%
- 10Y*
- 8.75%
C007.DE vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
C007.DE Amundi MDAX ESG UCITS ETF Dist | 7.27% | 17.62% | -6.09% | 8.74% | -28.15% | 13.79% | 8.23% | 30.77% | -18.28% | 17.54% |
DAX Global X DAX Germany ETF | 1.59% | 22.50% | 17.84% | 19.91% | -13.42% | 15.78% | 3.02% | 24.87% | -19.30% | 12.47% |
Correlation
The correlation between C007.DE and DAX is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 24, 2014 | 0.65 |
The correlation between C007.DE and DAX has been stable across timeframes, ranging from 0.57 to 0.65 - a consistent structural relationship.
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Return for Risk
C007.DE vs. DAX — Risk / Return Rank
C007.DE
DAX
C007.DE vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MDAX ESG UCITS ETF Dist (C007.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.
| C007.DE | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.45 | ||
| Omega ratioGain probability vs. loss probability | 1.09 | 1.04 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.74 | 0.17 | +0.57 |
| Martin ratioReturn relative to average drawdown | 1.72 | 0.54 | +1.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| C007.DE | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.43 | 0.14 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.03 | 0.52 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.23 | 0.45 | -0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.42 | -0.12 |
Drawdowns
C007.DE vs. DAX - Drawdown Comparison
The maximum C007.DE drawdown since its inception was -39.51%, roughly equal to the maximum DAX drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for C007.DE and DAX.
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Drawdown Indicators
| C007.DE | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.51% | -39.14% | -0.37% |
Max Drawdown (1Y)Largest decline over 1 year | -10.84% | -13.10% | +2.26% |
Max Drawdown (3Y)Largest decline over 3 years | -18.64% | -16.09% | -2.55% |
Max Drawdown (5Y)Largest decline over 5 years | -39.33% | -26.71% | -12.62% |
Max Drawdown (10Y)Largest decline over 10 years | -39.51% | -39.14% | -0.37% |
Current DrawdownCurrent decline from peak | -10.11% | -2.47% | -7.64% |
Average DrawdownAverage peak-to-trough decline | -11.88% | -7.88% | -4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 4.18% | +0.49% |
Volatility
C007.DE vs. DAX - Volatility Comparison
The current volatility for Amundi MDAX ESG UCITS ETF Dist (C007.DE) is 4.72%, while Global X DAX Germany ETF (DAX) has a volatility of 5.05%. This indicates that C007.DE experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| C007.DE | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.72% | 5.05% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 14.96% | 12.78% | +2.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.70% | 16.02% | +2.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.41% | 17.39% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.56% | 19.48% | -0.92% |
C007.DE vs. DAX - Expense Ratio Comparison
C007.DE has a 0.30% expense ratio, which is higher than DAX's 0.20% expense ratio.
Dividends
C007.DE vs. DAX - Dividend Comparison
C007.DE's dividend yield for the trailing twelve months is around 1.58%, more than DAX's 1.47% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
C007.DE Amundi MDAX ESG UCITS ETF Dist | 1.58% | 1.70% | 1.69% | 1.86% | 1.76% | 0.60% | 0.79% | 1.57% | 2.31% | 2.13% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 1.47% | 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
C007.DE and DAX have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, DAX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
DAX is cheaper with a 0.20% expense ratio, compared with 0.30% for C007.DE.
C007.DE tracks MDAX® ESG+, while DAX tracks DAX Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.30% for C007.DE and 0.20% for DAX.
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