DAX vs. TISEX
Compare and contrast key facts about Global X DAX Germany ETF (DAX) and TIAA-CREF Quant Small-Cap Equity Fund (TISEX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. TISEX is managed by TIAA Investments. It was launched on Oct 1, 2002.
Performance
DAX vs. TISEX - Performance Comparison
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DAX vs. TISEX - 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% |
TISEX TIAA-CREF Quant Small-Cap Equity Fund | 1.12% | 16.31% | 16.29% | 18.72% | -15.49% | 25.00% | 12.81% | 23.94% | -12.33% | 14.07% |
Returns By Period
In the year-to-date period, DAX achieves a -6.25% return, which is significantly lower than TISEX's 1.12% return. Over the past 10 years, DAX has underperformed TISEX with an annualized return of 8.48%, while TISEX has yielded a comparatively higher 11.40% 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%
TISEX
- 1D
- 3.17%
- 1M
- -5.07%
- YTD
- 1.12%
- 6M
- 5.29%
- 1Y
- 28.31%
- 3Y*
- 16.37%
- 5Y*
- 7.74%
- 10Y*
- 11.40%
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DAX vs. TISEX - Expense Ratio Comparison
DAX has a 0.20% expense ratio, which is lower than TISEX's 0.41% expense ratio.
Return for Risk
DAX vs. TISEX — Risk / Return Rank
DAX
TISEX
DAX vs. TISEX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and TIAA-CREF Quant Small-Cap Equity Fund (TISEX). 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 | TISEX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.51 | 1.26 | -0.76 |
Sortino ratioReturn per unit of downside risk | 0.85 | 1.81 | -0.96 |
Omega ratioGain probability vs. loss probability | 1.11 | 1.24 | -0.13 |
Calmar ratioReturn relative to maximum drawdown | 0.75 | 1.88 | -1.14 |
Martin ratioReturn relative to average drawdown | 2.61 | 7.92 | -5.31 |
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 | TISEX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.51 | 1.26 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.35 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.40 | 0.49 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.45 | -0.12 |
Correlation
The correlation between DAX and TISEX is 0.61, 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. TISEX - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.57%, less than TISEX's 9.01% 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% |
TISEX TIAA-CREF Quant Small-Cap Equity Fund | 9.01% | 9.11% | 12.26% | 2.08% | 6.47% | 21.14% | 0.63% | 5.41% | 20.46% | 10.29% | 3.48% | 7.75% |
Drawdowns
DAX vs. TISEX - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum TISEX drawdown of -59.91%. Use the drawdown chart below to compare losses from any high point for DAX and TISEX.
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Drawdown Indicators
| DAX | TISEX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -59.91% | +14.33% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -13.58% | -1.24% |
Max Drawdown (5Y)Largest decline over 5 years | -39.96% | -27.92% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -45.76% | +0.18% |
Current DrawdownCurrent decline from peak | -10.00% | -6.32% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -10.58% | -9.42% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.23% | 3.23% | +1.00% |
Volatility
DAX vs. TISEX - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 8.46% compared to TIAA-CREF Quant Small-Cap Equity Fund (TISEX) at 7.43%. This indicates that DAX's price experiences larger fluctuations and is considered to be riskier than TISEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAX | TISEX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 7.43% | +1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 12.77% | 14.62% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.20% | 22.95% | -2.75% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.20% | 22.12% | -1.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.21% | 23.35% | -2.14% |