PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
GURU vs. DAX
Performance
Return for Risk
Drawdowns
Volatility
Dividends

GURU vs. DAX

Last updated Jun 26, 2026

GURU (Global X Guru Index ETF) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - GURU is a Large Cap Blend Equities fund tracking the Solactive Guru Index, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. Over the past 10 years, GURU returned 13.28%/yr vs 9.99%/yr for DAX. A 0.64 correlation means they provide meaningful diversification when combined. GURU charges 0.75%/yr vs 0.20%/yr for DAX.

Performance

GURU vs. DAX - Performance Comparison

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

Loading charts...

Returns By Period

In the year-to-date period, GURU achieves a 10.08% return, which is significantly higher than DAX's -1.82% return. Over the past 10 years, GURU has outperformed DAX with an annualized return of 13.28%, while DAX has yielded a comparatively lower 9.99% annualized return.

GURU

1D
0.39%
1M
2.80%
YTD
10.08%
6M
7.24%
1Y
30.14%
3Y*
24.36%
5Y*
7.12%
10Y*
13.28%

DAX

1D
1.17%
1M
-3.17%
YTD
-1.82%
6M
-1.76%
1Y
2.87%
3Y*
17.18%
5Y*
8.00%
10Y*
9.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

GURU vs. DAX - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
GURU
Global X Guru Index ETF		10.08%25.43%23.76%19.28%-27.94%8.19%25.27%30.99%-6.56%24.26%
DAX
Global X DAX Germany ETF		-1.82%39.00%10.55%23.62%-18.47%7.73%12.27%22.11%-22.92%28.23%

Correlation

The correlation between GURU and DAX is 0.66, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.66

Correlation (3Y)
Calculated over the trailing 3-year period

0.61

Correlation (5Y)
Calculated over the trailing 5-year period

0.66

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Oct 23, 2014

0.64

The correlation between GURU and DAX has been stable across timeframes, ranging from 0.61 to 0.66 - a consistent structural relationship.

GURU vs. DAX - Sectors Allocation Comparison

Sectors
GURU
DAX

Technology

25.0%
15.4%

Healthcare

24.1%
5.5%

Consumer Cyclical

11.0%
7.3%

Industrials

10.3%
34.1%

Financial Services

9.5%
20.0%

Utilities

5.5%
4.5%

Communication Services

5.2%
6.2%

Energy

4.2%

-

Basic Materials

2.1%
5.0%

Consumer Defensive

2.0%
1.0%

Real Estate

1.2%
0.9%

Technology

GURU
25.0%
DAX
15.4%

Healthcare

GURU
24.1%
DAX
5.5%

Consumer Cyclical

GURU
11.0%
DAX
7.3%

Industrials

GURU
10.3%
DAX
34.1%

Financial Services

GURU
9.5%
DAX
20.0%

Utilities

GURU
5.5%
DAX
4.5%

Communication Services

GURU
5.2%
DAX
6.2%

Energy

GURU
4.2%
DAX

-

Basic Materials

GURU
2.1%
DAX
5.0%

Consumer Defensive

GURU
2.0%
DAX
1.0%

Real Estate

GURU
1.2%
DAX
0.9%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Global X Guru Index ETF

Global X DAX Germany ETF

Often compared with GURU:
GURU vs. VOOGURU vs. HDGGURU vs. SPYGURU vs. ACWIGURU vs. FMAGGURU vs. CHIQGURU vs. MCHI
Often compared with DAX:
DAX vs. SPYDAX vs. ^NIFTY500DAX vs. CACDAX vs. BMW.DEDAX vs. ^FCHIDAX vs. QQQDAX vs. VOO

Return for Risk

GURU vs. DAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
GURU
GURU Risk / Return Rank: 6363
Overall Rank
GURU Sharpe Ratio Rank: 6565
Sharpe Ratio Rank
GURU Sortino Ratio Rank: 6565
Sortino Ratio Rank
GURU Omega Ratio Rank: 6161
Omega Ratio Rank
GURU Calmar Ratio Rank: 6363
Calmar Ratio Rank
GURU Martin Ratio Rank: 6262
Martin Ratio Rank
DAX
DAX Risk / Return Rank: 1111
Overall Rank
DAX Sharpe Ratio Rank: 1111
Sharpe Ratio Rank
DAX Sortino Ratio Rank: 1010
Sortino Ratio Rank
DAX Omega Ratio Rank: 1010
Omega Ratio Rank
DAX Calmar Ratio Rank: 1111
Calmar Ratio Rank
DAX Martin Ratio Rank: 1212
Martin Ratio Rank
The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

GURU vs. DAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X Guru Index ETF (GURU) 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.

GURUDAXDifference
Sharpe ratioReturn per unit of total volatility
1.87
0.16

+1.71

Sortino ratioReturn per unit of downside risk
2.60
0.36

+2.25

Omega ratioGain probability vs. loss probability

1.32

1.04

+0.28

Calmar ratioReturn relative to maximum drawdown

2.70

0.19

+2.50

Martin ratioReturn relative to average drawdown

9.74

0.59

+9.15

GURU vs. DAX - Sharpe Ratio Comparison

The current GURU Sharpe Ratio is 1.87, which is higher than the DAX Sharpe Ratio of 0.16. The chart below compares the historical Sharpe Ratios of GURU and DAX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Drawdowns

GURU vs. DAX - Drawdown Comparison

The maximum GURU drawdown since its inception was -38.50%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for GURU and DAX.

Loading charts...

Drawdown Indicators

GURUDAXDifference

Max Drawdown

Largest peak-to-trough decline

-38.50%

-45.58%

+7.08%

Max Drawdown (1Y)

Largest decline over 1 year

-11.22%

-14.82%

+3.60%

Max Drawdown (3Y)

Largest decline over 3 years

-20.73%

-16.03%

-4.70%

Max Drawdown (5Y)

Largest decline over 5 years

-38.50%

-38.92%

+0.42%

Max Drawdown (10Y)

Largest decline over 10 years

-38.50%

-45.58%

+7.08%

Current Drawdown

Current decline from peak

-0.31%

-5.75%

+5.44%

Average Drawdown

Average peak-to-trough decline

-8.64%

-10.48%

+1.84%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.10%

4.85%

-1.75%

Volatility

GURU vs. DAX - Volatility Comparison

Global X Guru Index ETF (GURU) has a higher volatility of 5.88% compared to Global X DAX Germany ETF (DAX) at 5.09%. This indicates that GURU'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.

Loading charts...

Volatility by Period

GURUDAXDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.88%

5.09%

+0.79%

Volatility (6M)

Calculated over the trailing 6-month period

13.13%

14.94%

-1.81%

Volatility (1Y)

Calculated over the trailing 1-year period

16.20%

17.95%

-1.75%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.55%

20.44%

+0.11%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

20.18%

20.98%

-0.80%

GURU vs. DAX - Expense Ratio Comparison

GURU has a 0.75% expense ratio, which is higher than DAX's 0.20% expense ratio.

Dividends

GURU vs. DAX - Dividend Comparison

GURU's dividend yield for the trailing twelve months is around 0.10%, less than DAX's 1.50% yield.

PositionTTM20252024202320222021202020192018201720162015
DAX
Global X DAX Germany ETF		1.50%1.47%2.24%2.48%2.80%2.65%2.25%2.47%3.33%1.73%1.78%1.41%
GURU
Global X Guru Index ETF		0.10%0.11%0.17%0.57%0.22%0.09%2.75%0.35%0.54%0.54%0.22%0.47%

Frequently Asked Questions

GURU and DAX have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

GURU has higher volatility (5.88%) compared to DAX (5.09%). In terms of maximum drawdown, GURU dropped -38.50% vs DAX's -45.58%.

On 10-year performance, GURU leads with 13.28% vs 9.99% for DAX. On fees, DAX is cheaper at 0.20% per year. On volatility, DAX has been the lower-risk option at 5.09%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, GURU has performed better with a 13.28% return vs 9.99%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DAX is cheaper with a 0.20% expense ratio, compared with 0.75% for GURU.

DAX has the higher dividend yield at 1.50%, compared with 0.10% for GURU.

GURU is categorized as Large Cap Blend Equities, while DAX is Europe Equities. GURU tracks Solactive Guru Index, while DAX tracks DAX Index. Their fees differ too: 0.75% for GURU and 0.20% for DAX.

GURU currently has the higher Sharpe Ratio (1.87 vs 0.16), 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.

Portfolio Optimizer

Find the right allocation for GURU and DAX

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer