CTEC vs. DAX
Compare and contrast key facts about Global X CleanTech ETF (CTEC) and Global X DAX Germany ETF (DAX).
CTEC and DAX are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. CTEC is a passively managed fund by Global X that tracks the performance of the Indxx Global CleanTech Index. It was launched on Oct 27, 2020. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. Both CTEC and DAX are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
CTEC vs. DAX - Performance Comparison
Loading graphics...
CTEC vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 9.83% | 57.85% | -36.35% | -25.60% | -16.82% | -22.19% | 47.46% |
DAX Global X DAX Germany ETF | -7.59% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 21.89% |
Returns By Period
In the year-to-date period, CTEC achieves a 9.83% return, which is significantly higher than DAX's -7.59% return.
CTEC
- 1D
- 5.37%
- 1M
- -0.48%
- YTD
- 9.83%
- 6M
- 16.68%
- 1Y
- 96.37%
- 3Y*
- -9.00%
- 5Y*
- -11.44%
- 10Y*
- —
DAX
- 1D
- 3.56%
- 1M
- -10.85%
- YTD
- -7.59%
- 6M
- -5.61%
- 1Y
- 9.46%
- 3Y*
- 15.26%
- 5Y*
- 7.59%
- 10Y*
- 8.33%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
CTEC vs. DAX - Expense Ratio Comparison
CTEC has a 0.50% expense ratio, which is higher than DAX's 0.20% expense ratio.
Return for Risk
CTEC vs. DAX — Risk / Return Rank
CTEC
DAX
CTEC vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X CleanTech ETF (CTEC) 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.
| CTEC | DAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.56 | 0.47 | +2.09 |
Sortino ratioReturn per unit of downside risk | 3.12 | 0.81 | +2.31 |
Omega ratioGain probability vs. loss probability | 1.38 | 1.10 | +0.28 |
Calmar ratioReturn relative to maximum drawdown | 5.18 | 0.58 | +4.60 |
Martin ratioReturn relative to average drawdown | 13.22 | 2.05 | +11.17 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading graphics...
Sharpe Ratios by Period
| CTEC | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.56 | 0.47 | +2.09 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.31 | 0.38 | -0.69 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.39 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.32 | -0.44 |
Correlation
The correlation between CTEC and DAX is 0.51, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
CTEC vs. DAX - Dividend Comparison
CTEC's dividend yield for the trailing twelve months is around 0.68%, less than DAX's 1.59% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CTEC Global X CleanTech ETF | 0.68% | 0.75% | 1.56% | 0.51% | 0.25% | 0.39% | 0.02% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
DAX Global X DAX Germany ETF | 1.59% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
CTEC vs. DAX - Drawdown Comparison
The maximum CTEC drawdown since its inception was -81.58%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for CTEC and DAX.
Loading graphics...
Drawdown Indicators
| CTEC | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -81.58% | -45.58% | -36.00% |
Max Drawdown (1Y)Largest decline over 1 year | -17.62% | -14.82% | -2.80% |
Max Drawdown (5Y)Largest decline over 5 years | -76.46% | -39.96% | -36.50% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.58% | — |
Current DrawdownCurrent decline from peak | -58.34% | -11.28% | -47.06% |
Average DrawdownAverage peak-to-trough decline | -52.42% | -10.58% | -41.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.90% | 4.18% | +2.72% |
Volatility
CTEC vs. DAX - Volatility Comparison
Global X CleanTech ETF (CTEC) has a higher volatility of 12.43% compared to Global X DAX Germany ETF (DAX) at 8.79%. This indicates that CTEC's price experiences larger fluctuations and is considered to be riskier than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading graphics...
Volatility by Period
| CTEC | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.43% | 8.79% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 27.93% | 12.71% | +15.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 37.90% | 20.17% | +17.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.54% | 20.20% | +16.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 37.92% | 21.21% | +16.71% |