DAX vs. VGK
Compare and contrast key facts about Global X DAX Germany ETF (DAX) and Vanguard FTSE Europe ETF (VGK).
DAX and VGK are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014. VGK is a passively managed fund by Vanguard that tracks the performance of the FTSE Developed Europe Index. It was launched on Mar 4, 2005. Both DAX and VGK are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAX or VGK.
Key characteristics
| DAX | VGK | |
|---|---|---|
| YTD Return | 5.02% | 4.16% |
| 1Y Return | 11.16% | 10.48% |
| 3Y Return (Ann) | 2.04% | 3.93% |
| 5Y Return (Ann) | 6.31% | 7.08% |
| Sharpe Ratio | 0.76 | 0.75 |
| Daily Std Dev | 14.49% | 13.29% |
| Max Drawdown | -45.58% | -63.61% |
| Current Drawdown | -3.37% | -0.99% |
Correlation
The correlation between DAX and VGK is 0.86, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DAX vs. VGK - Performance Comparison
In the year-to-date period, DAX achieves a 5.02% return, which is significantly higher than VGK's 4.16% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DAX vs. VGK - Expense Ratio Comparison
DAX has a 0.20% expense ratio, which is higher than VGK's 0.08% 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%.
Risk-Adjusted Performance
DAX vs. VGK - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Vanguard FTSE Europe ETF (VGK). 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.
Dividends
DAX vs. VGK - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 2.36%, less than VGK's 3.27% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 2.36% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% | 0.00% | 0.00% |
VGK Vanguard FTSE Europe ETF | 3.27% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% | 2.77% |
Drawdowns
DAX vs. VGK - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum VGK drawdown of -63.61%. Use the drawdown chart below to compare losses from any high point for DAX and VGK. For additional features, visit the drawdowns tool.
Volatility
DAX vs. VGK - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 4.50% compared to Vanguard FTSE Europe ETF (VGK) at 3.81%. This indicates that DAX's price experiences larger fluctuations and is considered to be riskier than VGK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.