DBOEY vs. DAX
Compare and contrast key facts about Deutsche Boerse AG ADR (DBOEY) and Global X DAX Germany ETF (DAX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Performance
DBOEY vs. DAX - Performance Comparison
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DBOEY vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBOEY Deutsche Boerse AG ADR | 10.38% | 15.89% | 14.37% | 22.36% | 5.51% | -0.35% | 9.85% | 32.55% | 4.89% | 51.57% |
DAX Global X DAX Germany ETF | -6.25% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
Returns By Period
In the year-to-date period, DBOEY achieves a 10.38% return, which is significantly higher than DAX's -6.25% return. Over the past 10 years, DBOEY has outperformed DAX with an annualized return of 15.80%, while DAX has yielded a comparatively lower 8.48% annualized return.
DBOEY
- 1D
- -0.34%
- 1M
- 6.53%
- YTD
- 10.38%
- 6M
- 9.06%
- 1Y
- -0.92%
- 3Y*
- 16.52%
- 5Y*
- 13.53%
- 10Y*
- 15.80%
DAX
- 1D
- 1.45%
- 1M
- -6.35%
- YTD
- -6.25%
- 6M
- -5.30%
- 1Y
- 10.17%
- 3Y*
- 15.81%
- 5Y*
- 7.90%
- 10Y*
- 8.48%
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Return for Risk
DBOEY vs. DAX — Risk / Return Rank
DBOEY
DAX
DBOEY vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deutsche Boerse AG ADR (DBOEY) and Global X DAX Germany ETF (DAX). 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.
| DBOEY | DAX | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | -0.04 | 0.51 | -0.54 |
Sortino ratioReturn per unit of downside risk | 0.13 | 0.85 | -0.72 |
Omega ratioGain probability vs. loss probability | 1.02 | 1.11 | -0.09 |
Calmar ratioReturn relative to maximum drawdown | -0.03 | 0.75 | -0.77 |
Martin ratioReturn relative to average drawdown | -0.05 | 2.61 | -2.66 |
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
| DBOEY | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.04 | 0.51 | -0.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.39 | +0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.40 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.33 | +0.01 |
Correlation
The correlation between DBOEY and DAX is 0.51, 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.
Dividends
DBOEY vs. DAX - Dividend Comparison
DBOEY's dividend yield for the trailing twelve months is around 1.55%, less than DAX's 1.57% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBOEY Deutsche Boerse AG ADR | 1.55% | 1.71% | 1.76% | 1.93% | 2.05% | 1.38% | 1.21% | 1.27% | 1.64% | 3.82% | 5.49% | 2.63% |
DAX Global X DAX Germany ETF | 1.57% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
Drawdowns
DBOEY vs. DAX - Drawdown Comparison
The maximum DBOEY drawdown since its inception was -56.48%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for DBOEY and DAX.
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Drawdown Indicators
| DBOEY | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -56.48% | -45.58% | -10.90% |
Max Drawdown (1Y)Largest decline over 1 year | -28.71% | -14.82% | -13.89% |
Max Drawdown (5Y)Largest decline over 5 years | -28.71% | -39.96% | +11.25% |
Max Drawdown (10Y)Largest decline over 10 years | -38.66% | -45.58% | +6.92% |
Current DrawdownCurrent decline from peak | -11.85% | -10.00% | -1.85% |
Average DrawdownAverage peak-to-trough decline | -13.01% | -10.58% | -2.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.43% | 4.23% | +12.20% |
Volatility
DBOEY vs. DAX - Volatility Comparison
The current volatility for Deutsche Boerse AG ADR (DBOEY) is 7.41%, while Global X DAX Germany ETF (DAX) has a volatility of 8.46%. This indicates that DBOEY experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBOEY | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.41% | 8.46% | -1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 18.84% | 12.77% | +6.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 26.25% | 20.20% | +6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.18% | 20.20% | +1.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.96% | 21.21% | +2.75% |