Correlation
The correlation between ^DE30 and ^GDAXI is 0.48, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
^DE30 vs. ^GDAXI
Compare and contrast key facts about Dow Jones Germany Titans 30 Index (^DE30) and DAX Performance Index (^GDAXI).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DE30 or ^GDAXI.
Performance
^DE30 vs. ^GDAXI - Performance Comparison
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Key characteristics
^DE30:
1.40
^GDAXI:
1.66
^DE30:
1.97
^GDAXI:
2.24
^DE30:
1.27
^GDAXI:
1.30
^DE30:
1.57
^GDAXI:
1.86
^DE30:
7.18
^GDAXI:
8.91
^DE30:
3.36%
^GDAXI:
3.34%
^DE30:
16.81%
^GDAXI:
17.82%
^DE30:
-43.71%
^GDAXI:
-72.68%
^DE30:
-0.32%
^GDAXI:
-0.95%
Returns By Period
In the year-to-date period, ^DE30 achieves a 18.16% return, which is significantly lower than ^GDAXI's 20.53% return. Over the past 10 years, ^DE30 has underperformed ^GDAXI with an annualized return of 3.51%, while ^GDAXI has yielded a comparatively higher 7.79% annualized return.
^DE30
18.16%
3.63%
19.22%
25.16%
14.96%
13.52%
3.51%
^GDAXI
20.53%
6.67%
22.27%
29.73%
18.59%
15.68%
7.79%
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Risk-Adjusted Performance
^DE30 vs. ^GDAXI — Risk-Adjusted Performance Rank
^DE30
^GDAXI
^DE30 vs. ^GDAXI - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones Germany Titans 30 Index (^DE30) 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.
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Drawdowns
^DE30 vs. ^GDAXI - Drawdown Comparison
The maximum ^DE30 drawdown since its inception was -43.71%, smaller than the maximum ^GDAXI drawdown of -72.68%. Use the drawdown chart below to compare losses from any high point for ^DE30 and ^GDAXI.
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Volatility
^DE30 vs. ^GDAXI - Volatility Comparison
The current volatility for Dow Jones Germany Titans 30 Index (^DE30) is 3.39%, while DAX Performance Index (^GDAXI) has a volatility of 4.19%. This indicates that ^DE30 experiences smaller price fluctuations and is considered to be less risky than ^GDAXI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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