ZAL.DE vs. ^GDAXI
ZAL.DE (Zalando SE) is a stock, while ^GDAXI (DAX Performance Index) is an index. Over the past 10 years, ZAL.DE returned -1.01%/yr vs 9.44%/yr for ^GDAXI. At a 0.47 correlation, their price movements are largely independent.
Performance
ZAL.DE vs. ^GDAXI - Performance Comparison
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Returns By Period
In the year-to-date period, ZAL.DE achieves a -6.20% return, which is significantly lower than ^GDAXI's 1.86% return. Over the past 10 years, ZAL.DE has underperformed ^GDAXI with an annualized return of -1.01%, while ^GDAXI has yielded a comparatively higher 9.44% annualized return.
ZAL.DE
- 1D
- 1.76%
- 1M
- 16.29%
- YTD
- -6.20%
- 6M
- 0.17%
- 1Y
- -22.22%
- 3Y*
- -3.06%
- 5Y*
- -24.28%
- 10Y*
- -1.01%
^GDAXI
- 1D
- 0.60%
- 1M
- 0.11%
- YTD
- 1.86%
- 6M
- 3.82%
- 1Y
- 2.55%
- 3Y*
- 16.04%
- 5Y*
- 9.71%
- 10Y*
- 9.44%
ZAL.DE vs. ^GDAXI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZAL.DE Zalando SE | -6.20% | -21.77% | 51.00% | -35.22% | -53.46% | -21.88% | 101.55% | 101.34% | -49.13% | 21.56% |
^GDAXI DAX Performance Index | 1.86% | 23.01% | 18.85% | 20.31% | -12.35% | 15.79% | 3.55% | 25.48% | -18.26% | 12.51% |
Correlation
The correlation between ZAL.DE and ^GDAXI is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2014 | 0.47 |
The correlation between ZAL.DE and ^GDAXI shifts across timeframes, from 0.39 (1 year) to 0.50 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZAL.DE vs. ^GDAXI — Risk / Return Rank
ZAL.DE
^GDAXI
ZAL.DE vs. ^GDAXI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Zalando SE (ZAL.DE) and DAX Performance Index (^GDAXI). 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.
| ZAL.DE | ^GDAXI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -0.96 | ||
| Omega ratioGain probability vs. loss probability | 0.93 | 1.04 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.60 | 0.22 | -0.83 |
| Martin ratioReturn relative to average drawdown | -0.99 | 0.70 | -1.69 |
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
| ZAL.DE | ^GDAXI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.57 | 0.17 | -0.74 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.51 | 0.56 | -1.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.02 | 0.51 | -0.53 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.02 | 0.42 | -0.40 |
Drawdowns
ZAL.DE vs. ^GDAXI - Drawdown Comparison
The maximum ZAL.DE drawdown since its inception was -84.41%, which is greater than ^GDAXI's maximum drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for ZAL.DE and ^GDAXI.
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Drawdown Indicators
| ZAL.DE | ^GDAXI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -84.41% | -72.68% | -11.73% |
Max Drawdown (1Y)Largest decline over 1 year | -36.85% | -12.27% | -24.58% |
Max Drawdown (3Y)Largest decline over 3 years | -52.12% | -16.01% | -36.11% |
Max Drawdown (5Y)Largest decline over 5 years | -84.41% | -26.40% | -58.01% |
Max Drawdown (10Y)Largest decline over 10 years | -84.41% | -38.78% | -45.63% |
Current DrawdownCurrent decline from peak | -77.29% | -1.87% | -75.42% |
Average DrawdownAverage peak-to-trough decline | -35.37% | -14.71% | -20.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 22.08% | 3.92% | +18.16% |
Volatility
ZAL.DE vs. ^GDAXI - Volatility Comparison
Zalando SE (ZAL.DE) has a higher volatility of 9.99% compared to DAX Performance Index (^GDAXI) at 5.14%. This indicates that ZAL.DE's price experiences larger fluctuations and is considered to be riskier than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZAL.DE | ^GDAXI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 9.99% | 5.14% | +4.85% |
Volatility (6M)Calculated over the trailing 6-month period | 30.42% | 12.92% | +17.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 40.03% | 15.99% | +24.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 46.89% | 17.03% | +29.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 43.02% | 18.35% | +24.67% |
Frequently Asked Questions
ZAL.DE and ^GDAXI have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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