DAX vs. EUSC

Last updated Jun 4, 2026

DAX (Global X DAX Germany ETF) and EUSC (WisdomTree Europe Hedged SmallCap Equity Fund) are both Europe Equities funds - DAX tracks the DAX Index while EUSC tracks the WisdomTree Europe Hedged SmallCap Equity Index. Both are passively managed. DAX charges 0.20%/yr vs 0.58%/yr for EUSC.

Performance

DAX vs. EUSC - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X DAX Germany ETF (DAX) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DAX

• 1D: -1.53%
• 1M: 2.29%
• YTD: -0.66%
• 6M: 2.93%
• 1Y: 3.88%
• 3Y*: 17.88%
• 5Y*: 7.71%
• 10Y*: 8.97%

EUSC

• 1D: 0.00%
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DAX vs. EUSC - Yearly Performance Comparison

	2026 (YTD)
DAX Global X DAX Germany ETF	-1.94%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%

DAX vs. EUSC - Sectors Allocation Comparison

Sectors	DAX	EUSC
Industrials	34.8%	20.1%
Financial Services	21.0%	28.4%
Technology	13.2%	4.4%
Consumer Cyclical	7.0%	9.1%
Communication Services	6.1%	5.0%
Healthcare	5.7%	2.9%
Basic Materials	5.3%	6.5%
Utilities	5.0%	6.5%
Real Estate	1.0%	9.3%
Consumer Defensive	0.9%	4.1%
Energy	-	3.7%

Return for Risk

DAX vs. EUSC — Risk / Return Rank

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

DAX

DAX Risk / Return Rank: 12
DAX Sharpe Ratio Rank: 12
DAX Sortino Ratio Rank: 11
DAX Omega Ratio Rank: 11
DAX Calmar Ratio Rank: 12
DAX Martin Ratio Rank: 12

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.

DAX vs. EUSC - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and WisdomTree Europe Hedged SmallCap Equity Fund (EUSC). 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.

	DAX	EUSC	Difference
Sharpe ratio: Return per unit of total volatility	0.22	—	—
Sortino ratio: Return per unit of downside risk	0.44	—	—
Omega ratio: Gain probability vs. loss probability	1.05	—	—
Calmar ratio: Return relative to maximum drawdown	0.26	—	—
Martin ratio: Return relative to average drawdown	0.83	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	DAX	EUSC	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.22	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.38	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.35	—	—

Drawdowns

DAX vs. EUSC - Drawdown Comparison

The maximum DAX drawdown since its inception was -45.58%, which is greater than EUSC's maximum drawdown of 0.00%. Use the drawdown chart below to compare losses from any high point for DAX and EUSC.

Drawdown Indicators

	DAX	EUSC	Difference
Max Drawdown Largest peak-to-trough decline	-45.58%	0.00%	-45.58%
Max Drawdown (1Y) Largest decline over 1 year	-14.82%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-16.03%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-39.96%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-45.58%	—	—
Current Drawdown Current decline from peak	-4.63%	0.00%	-4.63%
Average Drawdown Average peak-to-trough decline	-10.51%	0.00%	-10.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.68%	—	—

Volatility

Volatility by Period

	DAX	EUSC	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.09%	—	—
Volatility (6M) Calculated over the trailing 6-month period	14.37%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	17.66%	0.00%	+17.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	0.00%	+20.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	21.28%	0.00%	+21.28%

DAX vs. EUSC - Expense Ratio Comparison

DAX has a 0.20% expense ratio, which is lower than EUSC's 0.58% expense ratio.

Dividends

DAX vs. EUSC - Dividend Comparison

DAX's dividend yield for the trailing twelve months is around 1.48%, while EUSC has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAX Global X DAX Germany ETF	1.48%	1.47%	2.24%	2.48%	2.80%	2.65%	2.25%	2.47%	3.33%	1.73%	1.78%	1.41%
EUSC WisdomTree Europe Hedged SmallCap Equity Fund	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Which ETF is better, DAX or EUSC?

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.

Which ETF is cheaper, DAX or EUSC?

DAX is cheaper with a 0.20% expense ratio, compared with 0.58% for EUSC.

Which ETF pays a higher dividend yield, DAX or EUSC?

DAX has the higher dividend yield at 1.48%, compared with 0.00% for EUSC.

What is the main difference between DAX and EUSC?

DAX tracks DAX Index, while EUSC tracks WisdomTree Europe Hedged SmallCap Equity Index. They also come from different issuers: Global X and WisdomTree. Their fees differ too: 0.20% for DAX and 0.58% for EUSC.