V50A.DE vs. DAX
V50A.DE (Amundi EURO STOXX 50 UCITS ETF EUR (C)) and DAX (Global X DAX Germany ETF) are both Europe Equities funds - V50A.DE tracks the EURO STOXX® 50 while DAX tracks the DAX Index. Both are passively managed. Over the past 10 years, V50A.DE returned 10.83%/yr vs 8.96%/yr for DAX. A 0.74 correlation means they provide meaningful diversification when combined. V50A.DE charges 0.15%/yr vs 0.20%/yr for DAX.
Performance
V50A.DE vs. DAX - Performance Comparison
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Different Trading Currencies
V50A.DE is traded in EUR, while DAX is traded in USD. To make them comparable, the DAX values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, V50A.DE achieves a 7.65% return, which is significantly higher than DAX's -0.03% return. Over the past 10 years, V50A.DE has outperformed DAX with an annualized return of 10.83%, while DAX has yielded a comparatively lower 8.96% annualized return.
V50A.DE
- 1D
- 0.96%
- 1M
- 4.05%
- YTD
- 7.65%
- 6M
- 8.88%
- 1Y
- 15.79%
- 3Y*
- 15.79%
- 5Y*
- 11.58%
- 10Y*
- 10.83%
DAX
- 1D
- 0.00%
- 1M
- 0.73%
- YTD
- -0.03%
- 6M
- 1.95%
- 1Y
- 0.37%
- 3Y*
- 14.72%
- 5Y*
- 8.77%
- 10Y*
- 8.96%
V50A.DE vs. DAX - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
V50A.DE Amundi EURO STOXX 50 UCITS ETF EUR (C) | 7.65% | 22.17% | 11.16% | 22.51% | -8.94% | 23.51% | -2.91% | 30.09% | -12.12% | 9.82% |
DAX Global X DAX Germany ETF | -0.21% | 22.50% | 17.84% | 19.91% | -13.42% | 15.78% | 3.02% | 24.87% | -19.30% | 12.47% |
Correlation
The correlation between V50A.DE and DAX is 0.72, 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 | 0.72 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2014 | 0.74 |
The correlation between V50A.DE and DAX has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.
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Return for Risk
V50A.DE vs. DAX — Risk / Return Rank
V50A.DE
DAX
V50A.DE vs. DAX - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.DE) 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.
| V50A.DE | DAX | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.97 | ||
| Sortino ratioReturn per unit of downside risk | +1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.02 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.45 | 0.03 | +1.42 |
| Martin ratioReturn relative to average drawdown | 4.95 | 0.09 | +4.86 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| V50A.DE | DAX | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.99 | 0.02 | +0.97 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.51 | +0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.46 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.33 | 0.41 | -0.07 |
Drawdowns
V50A.DE vs. DAX - Drawdown Comparison
The maximum V50A.DE drawdown since its inception was -43.90%, which is greater than DAX's maximum drawdown of -39.14%. Use the drawdown chart below to compare losses from any high point for V50A.DE and DAX.
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Drawdown Indicators
| V50A.DE | DAX | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.90% | -39.14% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -10.92% | -13.10% | +2.18% |
Max Drawdown (3Y)Largest decline over 3 years | -16.54% | -16.09% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -23.31% | -26.71% | +3.40% |
Max Drawdown (10Y)Largest decline over 10 years | -38.57% | -39.14% | +0.57% |
Current DrawdownCurrent decline from peak | -0.11% | -4.02% | +3.91% |
Average DrawdownAverage peak-to-trough decline | -8.35% | -7.88% | -0.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.20% | 4.20% | -1.00% |
Volatility
V50A.DE vs. DAX - Volatility Comparison
Amundi EURO STOXX 50 UCITS ETF EUR (C) (V50A.DE) has a higher volatility of 4.82% compared to Global X DAX Germany ETF (DAX) at 4.44%. This indicates that V50A.DE'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
| V50A.DE | DAX | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.82% | 4.44% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 13.04% | 12.88% | +0.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.01% | 16.11% | -0.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.52% | 17.41% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.22% | 19.48% | -1.26% |
V50A.DE vs. DAX - Expense Ratio Comparison
V50A.DE has a 0.15% expense ratio, which is lower than DAX's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
V50A.DE vs. DAX - Dividend Comparison
V50A.DE has not paid dividends to shareholders, while DAX's dividend yield for the trailing twelve months is around 1.50%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
V50A.DE Amundi EURO STOXX 50 UCITS ETF EUR (C) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
V50A.DE and DAX have a correlation of 0.72, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V50A.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V50A.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for DAX.
V50A.DE tracks EURO STOXX® 50, while DAX tracks DAX Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.15% for V50A.DE and 0.20% for DAX.
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