DAX vs. HEN3.DE
Compare and contrast key facts about Global X DAX Germany ETF (DAX) and Henkel AG & Co. KGaA (HEN3.DE).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Performance
DAX vs. HEN3.DE - Performance Comparison
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DAX vs. HEN3.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -6.25% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
HEN3.DE Henkel AG & Co. KGaA | -6.21% | -4.42% | 12.41% | 18.55% | -10.91% | -27.65% | 15.03% | -3.43% | -16.21% | 12.71% |
Different Trading Currencies
DAX is traded in USD, while HEN3.DE is traded in EUR. To make them comparable, the HEN3.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with DAX having a -6.25% return and HEN3.DE slightly higher at -6.21%. Over the past 10 years, DAX has outperformed HEN3.DE with an annualized return of 8.48%, while HEN3.DE has yielded a comparatively lower -1.12% annualized return.
DAX
- 1D
- 1.45%
- 1M
- -6.35%
- YTD
- -6.25%
- 6M
- -5.30%
- 1Y
- 10.17%
- 3Y*
- 15.81%
- 5Y*
- 7.90%
- 10Y*
- 8.48%
HEN3.DE
- 1D
- 0.09%
- 1M
- -18.85%
- YTD
- -6.21%
- 6M
- -5.28%
- 1Y
- -0.25%
- 3Y*
- 2.08%
- 5Y*
- -4.86%
- 10Y*
- -1.12%
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Return for Risk
DAX vs. HEN3.DE — Risk / Return Rank
DAX
HEN3.DE
DAX vs. HEN3.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Henkel AG & Co. KGaA (HEN3.DE). 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 | HEN3.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | -0.01 | +0.52 |
Sortino ratioReturn per unit of downside risk | 0.85 | 0.12 | +0.74 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.02 | +0.10 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | -0.01 | +0.75 |
Martin ratioReturn relative to average drawdown | 2.61 | -0.02 | +2.63 |
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
| DAX | HEN3.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | -0.01 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | -0.23 | +0.62 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | -0.05 | +0.45 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.20 | +0.14 |
Correlation
The correlation between DAX and HEN3.DE is 0.48, 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
DAX vs. HEN3.DE - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.57%, less than HEN3.DE's 3.09% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.57% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
HEN3.DE Henkel AG & Co. KGaA | 3.09% | 2.93% | 2.18% | 2.54% | 2.85% | 2.60% | 4.01% | 2.01% | 1.88% | 1.47% | 1.30% | 1.27% |
Drawdowns
DAX vs. HEN3.DE - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum HEN3.DE drawdown of -60.63%. Use the drawdown chart below to compare losses from any high point for DAX and HEN3.DE.
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Drawdown Indicators
| DAX | HEN3.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -56.29% | +10.71% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -21.27% | +6.45% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -39.07% | -0.89% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -49.00% | +3.42% |
Current DrawdownCurrent decline from peak | -10.00% | -36.47% | +26.47% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -18.80% | +8.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 7.24% | -3.01% |
Volatility
DAX vs. HEN3.DE - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 8.46% compared to Henkel AG & Co. KGaA (HEN3.DE) at 6.05%. This indicates that DAX's price experiences larger fluctuations and is considered to be riskier than HEN3.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAX | HEN3.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 6.05% | +2.41% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 13.80% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 19.96% | +0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 21.25% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 21.11% | +0.10% |