DGIEX vs. DAX
Compare and contrast key facts about BNY Mellon Global Emerging Markets Fund (DGIEX) and Global X DAX Germany ETF (DAX).
DGIEX is managed by BNY Mellon. It was launched on Feb 2, 2014. DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DGIEX or DAX.
Correlation
The correlation between DGIEX and DAX is 0.58, 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
DGIEX vs. DAX - Performance Comparison
Key characteristics
DGIEX:
0.57
DAX:
1.61
DGIEX:
0.87
DAX:
2.26
DGIEX:
1.10
DAX:
1.28
DGIEX:
0.19
DAX:
3.02
DGIEX:
1.69
DAX:
7.47
DGIEX:
4.21%
DAX:
3.27%
DGIEX:
12.37%
DAX:
15.19%
DGIEX:
-46.60%
DAX:
-45.58%
DGIEX:
-31.98%
DAX:
0.00%
Returns By Period
In the year-to-date period, DGIEX achieves a 0.72% return, which is significantly lower than DAX's 11.50% return. Over the past 10 years, DGIEX has underperformed DAX with an annualized return of 4.52%, while DAX has yielded a comparatively higher 5.53% annualized return.
DGIEX
0.72%
2.48%
2.43%
6.25%
2.93%
4.52%
DAX
11.50%
10.66%
16.83%
24.47%
8.39%
5.53%
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DGIEX vs. DAX - Expense Ratio Comparison
DGIEX has a 1.00% expense ratio, which is higher than DAX's 0.20% expense ratio.
Risk-Adjusted Performance
DGIEX vs. DAX — Risk-Adjusted Performance Rank
DGIEX
DAX
DGIEX vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for BNY Mellon Global Emerging Markets Fund (DGIEX) 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.
Dividends
DGIEX vs. DAX - Dividend Comparison
DGIEX has not paid dividends to shareholders, while DAX's dividend yield for the trailing twelve months is around 2.01%.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DGIEX BNY Mellon Global Emerging Markets Fund | 0.00% | 0.00% | 0.93% | 0.25% | 0.00% | 0.30% | 2.32% | 1.32% | 1.21% | 0.04% | 0.45% | 0.34% |
DAX Global X DAX Germany ETF | 2.01% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% | 0.00% |
Drawdowns
DGIEX vs. DAX - Drawdown Comparison
The maximum DGIEX drawdown since its inception was -46.60%, roughly equal to the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for DGIEX and DAX. For additional features, visit the drawdowns tool.
Volatility
DGIEX vs. DAX - Volatility Comparison
The current volatility for BNY Mellon Global Emerging Markets Fund (DGIEX) is 3.93%, while Global X DAX Germany ETF (DAX) has a volatility of 4.74%. This indicates that DGIEX 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.