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DAX vs. ^NIFTY500
Performance
Risk-Adjusted Performance
Drawdowns
Volatility

Correlation

The correlation between DAX and ^NIFTY500 is 0.22, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.


Performance

DAX vs. ^NIFTY500 - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Global X DAX Germany ETF (DAX) and Nifty 500 (^NIFTY500). The values are adjusted to include any dividend payments, if applicable.

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Key characteristics

Sharpe Ratio

DAX:

1.58

^NIFTY500:

0.42

Sortino Ratio

DAX:

2.29

^NIFTY500:

0.56

Omega Ratio

DAX:

1.31

^NIFTY500:

1.08

Calmar Ratio

DAX:

2.01

^NIFTY500:

0.31

Martin Ratio

DAX:

8.92

^NIFTY500:

0.66

Ulcer Index

DAX:

3.62%

^NIFTY500:

8.77%

Daily Std Dev

DAX:

20.63%

^NIFTY500:

16.96%

Max Drawdown

DAX:

-45.58%

^NIFTY500:

-68.02%

Current Drawdown

DAX:

-0.06%

^NIFTY500:

-7.21%

Returns By Period

In the year-to-date period, DAX achieves a 31.50% return, which is significantly higher than ^NIFTY500's 1.59% return. Over the past 10 years, DAX has underperformed ^NIFTY500 with an annualized return of 6.88%, while ^NIFTY500 has yielded a comparatively higher 12.56% annualized return.


DAX

YTD

31.50%

1M

13.04%

6M

34.35%

1Y

32.37%

3Y*

21.53%

5Y*

16.66%

10Y*

6.88%

^NIFTY500

YTD

1.59%

1M

3.29%

6M

3.30%

1Y

7.28%

3Y*

17.83%

5Y*

25.11%

10Y*

12.56%

*Annualized

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Global X DAX Germany ETF

Nifty 500

Risk-Adjusted Performance

DAX vs. ^NIFTY500 — Risk-Adjusted Performance Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAX
The Risk-Adjusted Performance Rank of DAX is 9292
Overall Rank
The Sharpe Ratio Rank of DAX is 9292
Sharpe Ratio Rank
The Sortino Ratio Rank of DAX is 9292
Sortino Ratio Rank
The Omega Ratio Rank of DAX is 9191
Omega Ratio Rank
The Calmar Ratio Rank of DAX is 9393
Calmar Ratio Rank
The Martin Ratio Rank of DAX is 9292
Martin Ratio Rank

^NIFTY500
The Risk-Adjusted Performance Rank of ^NIFTY500 is 3838
Overall Rank
The Sharpe Ratio Rank of ^NIFTY500 is 4747
Sharpe Ratio Rank
The Sortino Ratio Rank of ^NIFTY500 is 3434
Sortino Ratio Rank
The Omega Ratio Rank of ^NIFTY500 is 3636
Omega Ratio Rank
The Calmar Ratio Rank of ^NIFTY500 is 4040
Calmar Ratio Rank
The Martin Ratio Rank of ^NIFTY500 is 3030
Martin Ratio Rank
The risk-adjusted ranks indicate the investment's position relative to the market. A rank closer to 100 signifies top-performing investments, while a rank closer to 0 might suggest underperformance, based on the selected ratio. The values are calculated based on the past 12 months of returns.

DAX vs. ^NIFTY500 - Risk-Adjusted Performance Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X DAX Germany ETF (DAX) and Nifty 500 (^NIFTY500). 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.


The current DAX Sharpe Ratio is 1.58, which is higher than the ^NIFTY500 Sharpe Ratio of 0.42. The chart below compares the historical Sharpe Ratios of DAX and ^NIFTY500, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.


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Drawdowns

DAX vs. ^NIFTY500 - Drawdown Comparison

The maximum DAX drawdown since its inception was -45.58%, smaller than the maximum ^NIFTY500 drawdown of -68.02%. Use the drawdown chart below to compare losses from any high point for DAX and ^NIFTY500. For additional features, visit the drawdowns tool.


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Volatility

DAX vs. ^NIFTY500 - Volatility Comparison

The current volatility for Global X DAX Germany ETF (DAX) is 3.88%, while Nifty 500 (^NIFTY500) has a volatility of 5.30%. This indicates that DAX experiences smaller price fluctuations and is considered to be less risky than ^NIFTY500 based on this measure. The chart below showcases a comparison of their rolling one-month volatility.


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