HEAL vs. DAX
HEAL (Global X HealthTech ETF) and DAX (Global X DAX Germany ETF) are both exchange-traded funds - HEAL is a Health & Biotech Equities fund tracking the Global X HealthTech Index, while DAX is a Europe Equities fund tracking the DAX Index. Both are passively managed. Over the past 5 years, HEAL returned -12.95%/yr vs 9.31%/yr for DAX. Their 0.51 correlation means they have sometimes moved together and sometimes differently. HEAL charges 0.50%/yr vs 0.20%/yr for DAX.
Performance
HEAL vs. DAX - Performance Comparison
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Returns By Period
In the year-to-date period, HEAL achieves a -5.19% return, which is significantly lower than DAX's 3.75% return.
HEAL
- 1D
- 2.94%
- 1M
- -4.37%
- 6M
- -2.05%
- YTD
- -5.19%
- 1Y
- -10.31%
- 3Y*
- -6.93%
- 5Y*
- -12.95%
- 10Y*
- —
- ALL TIME*
- -9.16%
DAX
- 1D
- 1.27%
- 1M
- 2.57%
- 6M
- 1.66%
- YTD
- 3.75%
- 1Y
- 9.87%
- 3Y*
- 19.16%
- 5Y*
- 9.31%
- 10Y*
- 9.38%
- ALL TIME*
- 7.79%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $1.75M | $2.17M | $1.99M | |
| $260.96K | $227.88K | $213.27K |
HEAL vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
HEAL Global X HealthTech ETF | -5.19% | -0.62% | -2.87% | -12.61% | -29.99% | -14.21% | 16.89% |
DAX Global X DAX Germany ETF | 3.75% | 39.00% | 10.55% | 23.62% | -18.47% | 7.73% | 9.87% |
Correlation
The correlation between HEAL and DAX is 0.50, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.50 |
Correlation (3Y) Balances recent behavior with more history. | 0.50 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.54 |
Correlation (All Time) Calculated using the full available price history since Jul 30, 2020 | 0.51 |
The correlation between HEAL and DAX has been stable across timeframes, ranging from 0.50 to 0.54 - a consistent structural relationship.
HEAL vs. DAX - Sectors Allocation Comparison
Sectors
HEAL
DAX
Healthcare
Technology
Basic Materials
-
Communication Services
-
Consumer Cyclical
-
Consumer Defensive
-
Energy
-
-
Financial Services
-
Industrials
-
Real Estate
-
Utilities
-
Healthcare
HEAL
DAX
Technology
HEAL
DAX
Basic Materials
HEAL
-
DAX
Communication Services
HEAL
-
DAX
Consumer Cyclical
HEAL
-
DAX
Consumer Defensive
HEAL
-
DAX
Energy
HEAL
-
DAX
-
Financial Services
HEAL
-
DAX
Industrials
HEAL
-
DAX
Real Estate
HEAL
-
DAX
Utilities
HEAL
-
DAX
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Return for Risk
HEAL vs. DAX — Risk / Return Rank
HEAL
DAX
HEAL vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X HealthTech ETF (HEAL) 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.
| HEAL | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.01 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 0.94 | 1.11 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | -0.34 | 0.67 | -1.01 |
| Martin ratioReturn relative to average drawdown | -0.61 | 2.06 | -2.67 |
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Drawdowns
HEAL vs. DAX - Drawdown Comparison
The maximum HEAL drawdown since its inception was -65.76%, which is greater than DAX's maximum drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for HEAL and DAX.
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Drawdown Indicators
| HEAL | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.76% | -45.58% | -20.18% |
Max Drawdown (1Y)Largest decline over 1 year | -30.71% | -14.82% | -15.89% |
Max Drawdown (3Y)Largest decline over 3 years | -34.56% | -16.03% | -18.53% |
Max Drawdown (5Y)Largest decline over 5 years | -59.14% | -38.92% | -20.22% |
Max Drawdown (10Y)Largest decline over 10 years | — | -45.58% | — |
Current DrawdownCurrent decline from peak | -59.07% | -0.40% | -58.67% |
Average DrawdownAverage peak-to-trough decline | -43.49% | -10.42% | -33.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 16.90% | 4.80% | +12.10% |
Volatility
HEAL vs. DAX - Volatility Comparison
Global X HealthTech ETF (HEAL) has a higher volatility of 6.91% compared to Global X DAX Germany ETF (DAX) at 4.47%. This indicates that HEAL'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
| HEAL | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.91% | 4.47% | +2.44% |
Volatility (6M)Calculated over the trailing 6-month period | 17.44% | 15.34% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.91% | 17.88% | +5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.67% | 20.44% | +6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.27% | 20.93% | +5.34% |
HEAL vs. DAX - Expense Ratio Comparison
HEAL has a 0.50% expense ratio, which is higher than DAX's 0.20% expense ratio.
Dividends
HEAL vs. DAX - Dividend Comparison
HEAL's dividend yield for the trailing twelve months is around 0.26%, less than DAX's 2.03% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DAX Global X DAX Germany ETF | 2.03% | 1.47% | 2.24% | 2.48% | 2.80% | 2.65% | 2.25% | 2.47% | 3.33% | 1.73% | 1.78% | 1.41% |
HEAL Global X HealthTech ETF | 0.26% | 0.33% | 0.00% | 0.00% | 0.00% | 0.00% | 0.03% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
HEAL and DAX have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
HEAL has higher volatility (6.91%) compared to DAX (4.47%). In terms of maximum drawdown, HEAL dropped -65.76% vs DAX's -45.58%.
On 5-year performance, DAX leads with 9.31% vs -12.95% for HEAL. On fees, DAX is cheaper at 0.20% per year. On volatility, DAX has been the lower-risk option at 4.47%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DAX has performed better with a 9.31% return vs -12.95%. 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 0.50% for HEAL.
DAX has the higher dividend yield at 2.03%, compared with 0.26% for HEAL.
HEAL is categorized as Health & Biotech Equities, while DAX is Europe Equities. HEAL tracks Global X HealthTech Index, while DAX tracks DAX Index. Their fees differ too: 0.50% for HEAL and 0.20% for DAX.
DAX currently has the higher Sharpe Ratio (0.56 vs -0.45), 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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