DAX vs. CORT
DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index, while CORT (Corcept Therapeutics Incorporated) is a stock. Over the past 10 years, DAX returned 9.57%/yr vs 31.68%/yr for CORT. At a 0.26 correlation, their price movements are largely independent.
Performance
DAX vs. CORT - Performance Comparison
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Returns By Period
In the year-to-date period, DAX achieves a -1.45% return, which is significantly lower than CORT's 138.25% return. Over the past 10 years, DAX has underperformed CORT with an annualized return of 9.57%, while CORT has yielded a comparatively higher 31.68% annualized return.
DAX
- 1D
- 0.26%
- 1M
- 0.49%
- YTD
- -1.45%
- 6M
- -0.46%
- 1Y
- 2.74%
- 3Y*
- 16.82%
- 5Y*
- 7.62%
- 10Y*
- 9.57%
CORT
- 1D
- -0.41%
- 1M
- 45.25%
- YTD
- 138.25%
- 6M
- -5.77%
- 1Y
- 16.48%
- 3Y*
- 52.65%
- 5Y*
- 30.95%
- 10Y*
- 31.68%
DAX vs. CORT - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -1.45% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
CORT Corcept Therapeutics Incorporated | 138.25% | -30.94% | 55.14% | 59.92% | 2.58% | -24.31% | 116.20% | -9.43% | -26.02% | 148.76% |
Correlation
The correlation between DAX and CORT is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.26 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.26 |
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Return for Risk
DAX vs. CORT — Risk / Return Rank
DAX
CORT
DAX vs. CORT - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Corcept Therapeutics Incorporated (CORT). 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 | CORT | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.04 | 1.17 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 0.19 | 0.26 | -0.07 |
| Martin ratioReturn relative to average drawdown | 0.58 | 0.47 | +0.11 |
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Drawdowns
DAX vs. CORT - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum CORT drawdown of -94.29%. Use the drawdown chart below to compare losses from any high point for DAX and CORT.
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Drawdown Indicators
| DAX | CORT | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -94.29% | +48.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -64.40% | +49.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -71.85% | +55.82% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -71.85% | +32.13% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -71.85% | +26.27% |
Current DrawdownCurrent decline from peak | -5.39% | -27.41% | +22.02% |
Average DrawdownAverage peak-to-trough decline | -10.49% | -53.45% | +42.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.77% | 35.37% | -30.60% |
Volatility
DAX vs. CORT - Volatility Comparison
The current volatility for Global X DAX Germany ETF (DAX) is 5.86%, while Corcept Therapeutics Incorporated (CORT) has a volatility of 14.28%. This indicates that DAX experiences smaller price fluctuations and is considered to be less risky than CORT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAX | CORT | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.86% | 14.28% | -8.42% |
Volatility (6M)Calculated over the trailing 6-month period | 14.79% | 85.36% | -70.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.01% | 76.98% | -58.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.44% | 74.58% | -54.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.25% | 67.23% | -45.98% |
Dividends
DAX vs. CORT - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.50%, while CORT has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
CORT Corcept Therapeutics Incorporated | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
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
DAX and CORT have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
CORT has higher volatility (14.28%) compared to DAX (5.86%). In terms of maximum drawdown, DAX dropped -45.58% vs CORT's -94.29%.
CORT currently has the higher Sharpe Ratio (0.21 vs 0.15), 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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