DAX vs. V50A.DE
DAX (Global X DAX Germany ETF) and V50A.DE (Amundi EURO STOXX 50 UCITS ETF EUR (C)) are both Europe Equities funds - DAX tracks the DAX Index while V50A.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, DAX returned 9.21%/yr vs 11.01%/yr for V50A.DE. A 0.77 correlation means they provide meaningful diversification when combined. DAX charges 0.20%/yr vs 0.15%/yr for V50A.DE.
Performance
DAX vs. V50A.DE - Performance Comparison
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Different Trading Currencies
DAX is traded in USD, while V50A.DE is traded in EUR. To make them comparable, the V50A.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, DAX achieves a -2.02% return, which is significantly lower than V50A.DE's 4.67% return. Over the past 10 years, DAX has underperformed V50A.DE with an annualized return of 9.21%, while V50A.DE has yielded a comparatively higher 11.01% annualized return.
DAX
- 1D
- -0.07%
- 1M
- -1.60%
- YTD
- -2.02%
- 6M
- 0.86%
- 1Y
- 1.43%
- 3Y*
- 17.37%
- 5Y*
- 7.56%
- 10Y*
- 9.21%
V50A.DE
- 1D
- 0.00%
- 1M
- 0.84%
- YTD
- 4.67%
- 6M
- 6.87%
- 1Y
- 16.09%
- 3Y*
- 18.16%
- 5Y*
- 10.18%
- 10Y*
- 11.01%
DAX vs. V50A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | -2.02% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
V50A.DE Amundi EURO STOXX 50 UCITS ETF EUR (C) | 4.67% | 37.92% | 4.81% | 26.38% | -13.96% | 13.77% | 6.58% | 27.34% | -16.25% | 25.35% |
Correlation
The correlation between DAX and V50A.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.77 |
The correlation between DAX and V50A.DE has been stable across timeframes, ranging from 0.77 to 0.80 - a consistent structural relationship.
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Return for Risk
DAX vs. V50A.DE — Risk / Return Rank
DAX
V50A.DE
DAX vs. V50A.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.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 | V50A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.82 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.17 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.10 | 1.22 | -1.12 |
| Martin ratioReturn relative to average drawdown | 0.30 | 4.09 | -3.79 |
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 | V50A.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.08 | 0.90 | -0.82 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.37 | 0.49 | -0.11 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.44 | 0.53 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.24 | +0.11 |
Drawdowns
DAX vs. V50A.DE - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum V50A.DE drawdown of -51.12%. Use the drawdown chart below to compare losses from any high point for DAX and V50A.DE.
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Drawdown Indicators
| DAX | V50A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.58% | -51.12% | +5.54% |
Max Drawdown (1Y)Largest decline over 1 year | -14.82% | -13.03% | -1.79% |
Max Drawdown (3Y)Largest decline over 3 years | -16.03% | -15.58% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -39.72% | -35.00% | -4.72% |
Max Drawdown (10Y)Largest decline over 10 years | -45.58% | -38.98% | -6.60% |
Current DrawdownCurrent decline from peak | -5.93% | -2.45% | -3.48% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -12.00% | +1.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 3.90% | +0.81% |
Volatility
DAX vs. V50A.DE - Volatility Comparison
Global X DAX Germany ETF (DAX) and Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.DE) have volatilities of 5.30% and 5.51%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DAX | V50A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.30% | 5.51% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 14.59% | 14.74% | -0.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.86% | 17.76% | +0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.41% | 20.76% | -0.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 20.49% | +0.79% |
DAX vs. V50A.DE - Expense Ratio Comparison
DAX has a 0.20% expense ratio, which is higher than V50A.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
DAX vs. V50A.DE - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 1.50%, while V50A.DE 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 | 1.50% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
V50A.DE Amundi EURO STOXX 50 UCITS ETF EUR (C) | 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
DAX and V50A.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V50A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V50A.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for DAX.
DAX tracks DAX Index, while V50A.DE tracks EURO STOXX® 50. They also come from different issuers: Global X and Amundi. Their fees differ too: 0.20% for DAX and 0.15% for V50A.DE.
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