DAX vs. VUAA.L
Compare and contrast key facts about Global X DAX Germany ETF (DAX) and Vanguard S&P 500 UCITS ETF (VUAA.L).
DAX and VUAA.L 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. VUAA.L is a passively managed fund by Vanguard Group (Ireland) Limited that tracks the performance of the S&P 500 Index. It was launched on May 14, 2019. Both DAX and VUAA.L 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 VUAA.L.
Key characteristics
| DAX | VUAA.L | |
|---|---|---|
| YTD Return | 5.02% | 7.28% |
| 1Y Return | 11.16% | 27.58% |
| 3Y Return (Ann) | 2.04% | 8.70% |
| Sharpe Ratio | 0.76 | 2.27 |
| Daily Std Dev | 14.49% | 11.46% |
| Max Drawdown | -45.58% | -34.05% |
| Current Drawdown | -3.37% | -2.62% |
Correlation
The correlation between DAX and VUAA.L is 0.54, 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.
Performance
DAX vs. VUAA.L - Performance Comparison
In the year-to-date period, DAX achieves a 5.02% return, which is significantly lower than VUAA.L's 7.28% 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. VUAA.L - Expense Ratio Comparison
DAX has a 0.20% expense ratio, which is higher than VUAA.L's 0.07% 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. VUAA.L - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Vanguard S&P 500 UCITS ETF (VUAA.L). 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. VUAA.L - Dividend Comparison
DAX's dividend yield for the trailing twelve months is around 2.36%, while VUAA.L has not paid dividends to shareholders.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% |
VUAA.L Vanguard S&P 500 UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Drawdowns
DAX vs. VUAA.L - Drawdown Comparison
The maximum DAX drawdown since its inception was -45.58%, which is greater than VUAA.L's maximum drawdown of -34.05%. Use the drawdown chart below to compare losses from any high point for DAX and VUAA.L. For additional features, visit the drawdowns tool.
Volatility
DAX vs. VUAA.L - Volatility Comparison
Global X DAX Germany ETF (DAX) has a higher volatility of 4.50% compared to Vanguard S&P 500 UCITS ETF (VUAA.L) at 4.27%. This indicates that DAX's price experiences larger fluctuations and is considered to be riskier than VUAA.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.