GXPS vs. DAX

Last updated Jun 5, 2026

GXPS (Global X PureCap MSCI Consumer Staples ETF) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - GXPS is a Consumer Staples Equities fund tracking the MSCI USA Consumer Staples Index, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. At a 0.09 correlation, their price movements are largely independent. GXPS charges 0.25%/yr vs 0.20%/yr for DAX.

Performance

GXPS vs. DAX - Performance Comparison

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

Returns By Period

In the year-to-date period, GXPS achieves a 6.95% return, which is significantly higher than DAX's 0.44% return.

GXPS

• 1D: -0.18%
• 1M: -3.77%
• YTD: 6.95%
• 6M: 6.56%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DAX

• 1D: 1.11%
• 1M: 1.26%
• YTD: 0.44%
• 6M: 3.82%
• 1Y: 4.02%
• 3Y*: 18.46%
• 5Y*: 7.95%
• 10Y*: 8.99%

*Multi-year figures are annualized to reflect compound growth (CAGR)

GXPS vs. DAX - Yearly Performance Comparison

	2026 (YTD)	2025
GXPS Global X PureCap MSCI Consumer Staples ETF	6.95%	-1.72%
DAX Global X DAX Germany ETF	0.44%	-0.60%

Correlation

The correlation between GXPS and DAX is 0.09, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.

	Correlation
Correlation (All Time) Calculated using the full available price history since Jul 24, 2025	0.09

Return for Risk

GXPS vs. DAX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DAX

DAX Risk / Return Rank: 13
DAX Sharpe Ratio Rank: 13
DAX Sortino Ratio Rank: 12
DAX Omega Ratio Rank: 12
DAX Calmar Ratio Rank: 12
DAX Martin Ratio Rank: 13

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.

GXPS vs. DAX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Global X PureCap MSCI Consumer Staples ETF (GXPS) 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	GXPS	DAX	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	0.23	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.39	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.42	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.43	0.36	+0.07

Drawdowns

GXPS vs. DAX - Drawdown Comparison

The maximum GXPS drawdown since its inception was -9.20%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for GXPS and DAX.

Drawdown Indicators

	GXPS	DAX	Difference
Max Drawdown Largest peak-to-trough decline	-9.20%	-45.58%	+36.38%
Max Drawdown (1Y) Largest decline over 1 year	—	-14.82%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-16.03%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-39.96%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-45.58%	—
Current Drawdown Current decline from peak	-8.14%	-3.57%	-4.57%
Average Drawdown Average peak-to-trough decline	-3.89%	-10.50%	+6.61%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	4.69%	—

Volatility

Volatility by Period

	GXPS	DAX	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	5.82%	—
Volatility (6M) Calculated over the trailing 6-month period	—	14.39%	—
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	17.68%	-3.74%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.94%	20.38%	-6.44%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.94%	21.28%	-7.34%

GXPS vs. DAX - Expense Ratio Comparison

GXPS has a 0.25% expense ratio, which is higher than DAX's 0.20% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

GXPS vs. DAX - Dividend Comparison

GXPS's dividend yield for the trailing twelve months is around 0.56%, less than DAX's 1.47% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DAX Global X DAX Germany ETF	1.47%	1.47%	2.24%	2.48%	2.80%	2.65%	2.25%	2.47%	3.33%	1.73%	1.78%	1.41%
GXPS Global X PureCap MSCI Consumer Staples ETF	0.56%	0.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both GXPS and DAX in my portfolio?

GXPS and DAX have a correlation of 0.09, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, GXPS or DAX?

On fees, DAX is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, GXPS or DAX?

DAX is cheaper with a 0.20% expense ratio, compared with 0.25% for GXPS.

Which ETF pays a higher dividend yield, GXPS or DAX?

DAX has the higher dividend yield at 1.47%, compared with 0.56% for GXPS.

What is the main difference between GXPS and DAX?

GXPS is categorized as Consumer Staples Equities, while DAX is Europe Equities. GXPS tracks MSCI USA Consumer Staples Index, while DAX tracks DAX Index. Their fees differ too: 0.25% for GXPS and 0.20% for DAX.