DAXX.L vs. ^GDAXI
Compare and contrast key facts about Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) and DAX Performance Index (^GDAXI).
DAXX.L is a passively managed fund by Amundi that tracks the performance of the FSE DAX TR EUR. It was launched on Jun 1, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DAXX.L or ^GDAXI.
Correlation
The correlation between DAXX.L and ^GDAXI is 0.94, 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
DAXX.L vs. ^GDAXI - Performance Comparison
Key characteristics
DAXX.L:
1.90
^GDAXI:
2.27
DAXX.L:
2.63
^GDAXI:
3.08
DAXX.L:
1.33
^GDAXI:
1.39
DAXX.L:
2.86
^GDAXI:
3.51
DAXX.L:
8.24
^GDAXI:
12.75
DAXX.L:
2.89%
^GDAXI:
2.23%
DAXX.L:
12.55%
^GDAXI:
12.54%
DAXX.L:
-35.41%
^GDAXI:
-72.68%
DAXX.L:
-2.41%
^GDAXI:
-2.32%
Returns By Period
The year-to-date returns for both investments are quite close, with DAXX.L having a 11.66% return and ^GDAXI slightly higher at 12.08%. Over the past 10 years, DAXX.L has outperformed ^GDAXI with an annualized return of 7.96%, while ^GDAXI has yielded a comparatively lower 7.16% annualized return.
DAXX.L
11.66%
3.97%
17.80%
25.60%
9.65%
7.96%
^GDAXI
12.08%
6.05%
20.66%
30.36%
10.32%
7.16%
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Risk-Adjusted Performance
DAXX.L vs. ^GDAXI — Risk-Adjusted Performance Rank
DAXX.L
^GDAXI
DAXX.L vs. ^GDAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) and DAX Performance Index (^GDAXI). 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.
Drawdowns
DAXX.L vs. ^GDAXI - Drawdown Comparison
The maximum DAXX.L drawdown since its inception was -35.41%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for DAXX.L and ^GDAXI. For additional features, visit the drawdowns tool.
Volatility
DAXX.L vs. ^GDAXI - Volatility Comparison
Lyxor DAX (DR) UCITS ETF - Acc (DAXX.L) has a higher volatility of 5.22% compared to DAX Performance Index (^GDAXI) at 4.86%. This indicates that DAXX.L's price experiences larger fluctuations and is considered to be riskier than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.