DAX vs. CAC
DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index, while CAC (Camden National Corporation) is a stock. Over the past 10 years, DAX returned 9.37%/yr vs 9.98%/yr for CAC. At a 0.33 correlation, their price movements are largely independent.
Performance
DAX vs. CAC - Performance Comparison
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Returns By Period
In the year-to-date period, DAX achieves a -0.76% return, which is significantly lower than CAC's 26.06% return. Over the past 10 years, DAX has underperformed CAC with an annualized return of 9.37%, while CAC has yielded a comparatively higher 9.98% annualized return.
DAX
- 1D
- 0.17%
- 1M
- 0.71%
- 6M
- -3.20%
- YTD
- -0.76%
- 1Y
- 0.55%
- 3Y*
- 17.32%
- 5Y*
- 8.17%
- 10Y*
- 9.37%
CAC
- 1D
- 0.11%
- 1M
- 1.99%
- 6M
- 22.48%
- YTD
- 26.06%
- 1Y
- 31.12%
- 3Y*
- 26.62%
- 5Y*
- 7.34%
- 10Y*
- 9.98%
DAX vs. CAC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -0.76% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
CAC Camden National Corporation | 26.06% | 5.83% | 19.11% | -5.01% | -10.33% | 38.91% | -19.33% | 31.79% | -12.45% | -3.18% |
Correlation
The correlation between DAX and CAC is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.33 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.33 |
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Return for Risk
DAX vs. CAC — Risk / Return Rank
DAX
CAC
DAX vs. CAC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Camden National Corporation (CAC). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DAX | CAC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.98 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.19 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | -0.04 | 1.69 | -1.73 |
| Martin ratioReturn relative to average drawdown | -0.11 | 4.04 | -4.15 |
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Drawdowns
DAX vs. CAC - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum CAC drawdown of -64.56%. Use the drawdown chart below to compare losses from any high point for DAX and CAC.
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Drawdown Indicators
| DAX | CAC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -64.56% | +18.98% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -16.83% | +2.01% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -26.12% | +10.09% |
Max Drawdown (5Y)Largest decline over 5 years | -38.92% | -43.52% | +4.60% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -43.52% | -2.06% |
Current DrawdownCurrent decline from peak | -4.72% | -3.69% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -10.46% | -15.54% | +5.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.93% | 7.03% | -2.10% |
Volatility
DAX vs. CAC - Volatility Comparison
The current volatility for Global X DAX Germany ETF (DAX) is 5.64%, while Camden National Corporation (CAC) has a volatility of 6.39%. This indicates that DAX experiences smaller price fluctuations and is considered to be less risky than CAC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAX | CAC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.64% | 6.39% | -0.75% |
Volatility (6M)Calculated over the trailing 6-month period | 15.32% | 20.40% | -5.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.11% | 29.92% | -11.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 29.90% | -9.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.92% | 31.99% | -11.07% |
Dividends
DAX vs. CAC - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 2.12%, less than CAC's 3.13% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CAC Camden National Corporation | 3.13% | 3.87% | 3.93% | 4.46% | 3.84% | 2.93% | 3.69% | 2.61% | 3.06% | 2.18% | 1.80% | 2.72% |
DAX Global X DAX Germany ETF | 2.12% | 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
DAX and CAC have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CAC has higher volatility (6.39%) compared to DAX (5.64%). In terms of maximum drawdown, DAX dropped -45.58% vs CAC's -64.56%.
CAC currently has the higher Sharpe Ratio (0.95 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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