DTEGY vs. DAX
DTEGY (Deutsche Telekom AG ADR) is a stock, while DAX (Global X DAX Germany ETF) is Europe Equities fund tracking the DAX Index. Over the past 10 years, DTEGY returned 11.44%/yr vs 9.55%/yr for DAX. A 0.58 correlation means they provide meaningful diversification when combined.
Performance
DTEGY vs. DAX - Performance Comparison
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Returns By Period
In the year-to-date period, DTEGY achieves a -5.29% return, which is significantly lower than DAX's -2.96% return. Over the past 10 years, DTEGY has outperformed DAX with an annualized return of 11.44%, while DAX has yielded a comparatively lower 9.55% annualized return.
DTEGY
- 1D
- -0.20%
- 1M
- -12.02%
- YTD
- -5.29%
- 6M
- -4.65%
- 1Y
- -16.42%
- 3Y*
- 15.72%
- 5Y*
- 11.47%
- 10Y*
- 11.44%
DAX
- 1D
- -1.17%
- 1M
- -2.41%
- YTD
- -2.96%
- 6M
- -2.90%
- 1Y
- 1.08%
- 3Y*
- 16.70%
- 5Y*
- 7.75%
- 10Y*
- 9.55%
DTEGY vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DTEGY Deutsche Telekom AG ADR | -5.29% | 12.53% | 28.06% | 24.40% | 16.64% | 3.76% | 20.51% | 0.36% | 0.80% | 6.79% |
DAX Global X DAX Germany ETF | -2.96% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 12.27% | 22.11% | -22.92% | 28.23% |
Correlation
The correlation between DTEGY and DAX is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.58 |
Over the past year, the correlation between DTEGY and DAX has dropped to 0.28 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
DTEGY vs. DAX — Risk / Return Rank
DTEGY
DAX
DTEGY vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deutsche Telekom AG ADR (DTEGY) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DTEGY | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.75 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 0.89 | 1.02 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.70 | 0.07 | -0.77 |
| Martin ratioReturn relative to average drawdown | -1.42 | 0.22 | -1.64 |
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Drawdowns
DTEGY vs. DAX - Drawdown Comparison
The maximum DTEGY drawdown since its inception was -40.18%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for DTEGY and DAX.
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Drawdown Indicators
| DTEGY | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.18% | -45.58% | +5.40% |
Max Drawdown (1Y)Largest decline over 1 year | -23.62% | -14.82% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -23.62% | -16.03% | -7.59% |
Max Drawdown (5Y)Largest decline over 5 years | -25.85% | -38.92% | +13.07% |
Max Drawdown (10Y)Largest decline over 10 years | -40.18% | -45.58% | +5.40% |
Current DrawdownCurrent decline from peak | -23.11% | -6.84% | -16.27% |
Average DrawdownAverage peak-to-trough decline | -9.84% | -10.48% | +0.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.64% | 4.84% | +6.80% |
Volatility
DTEGY vs. DAX - Volatility Comparison
Deutsche Telekom AG ADR (DTEGY) has a higher volatility of 7.25% compared to Global X DAX Germany ETF (DAX) at 5.36%. This indicates that DTEGY's price experiences larger fluctuations and is considered to be riskier 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
| DTEGY | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.25% | 5.36% | +1.89% |
Volatility (6M)Calculated over the trailing 6-month period | 19.62% | 14.90% | +4.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.09% | 17.98% | +6.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.51% | 20.43% | +1.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.51% | 20.98% | +0.53% |
Dividends
DTEGY vs. DAX - Dividend Comparison
DTEGY's dividend yield for the trailing twelve months is around 3.86%, more than DAX's 1.52% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 1.52% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
DTEGY Deutsche Telekom AG ADR | 3.86% | 2.98% | 2.70% | 3.09% | 7.01% | 2.67% | 5.88% | 4.71% | 4.52% | 3.70% | 6.92% | 3.19% |
Frequently Asked Questions
DTEGY and DAX have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DTEGY has higher volatility (7.25%) compared to DAX (5.36%). In terms of maximum drawdown, DTEGY dropped -40.18% vs DAX's -45.58%.
DAX currently has the higher Sharpe Ratio (0.06 vs -0.69), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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