^DWCF vs. DAX
Compare and contrast key facts about Dow Jones U.S. Total Stock Market Index (^DWCF) and Global X DAX Germany ETF (DAX).
DAX is a passively managed fund by Global X that tracks the performance of the DAX Index. It was launched on Oct 22, 2014.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^DWCF or DAX.
Key characteristics
| ^DWCF | DAX | |
|---|---|---|
| YTD Return | 24.81% | 9.06% |
| 1Y Return | 36.54% | 22.48% |
| 3Y Return (Ann) | 7.11% | 2.51% |
| 5Y Return (Ann) | 13.57% | 6.22% |
| 10Y Return (Ann) | 10.94% | 5.17% |
| Sharpe Ratio | 2.87 | 1.58 |
| Sortino Ratio | 3.84 | 2.20 |
| Omega Ratio | 1.54 | 1.27 |
| Calmar Ratio | 3.40 | 1.49 |
| Martin Ratio | 18.28 | 8.11 |
| Ulcer Index | 1.99% | 2.85% |
| Daily Std Dev | 12.68% | 14.67% |
| Max Drawdown | -35.14% | -45.58% |
| Current Drawdown | -0.39% | -6.15% |
Correlation
The correlation between ^DWCF and DAX is 0.67, 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.
Performance
^DWCF vs. DAX - Performance Comparison
In the year-to-date period, ^DWCF achieves a 24.81% return, which is significantly higher than DAX's 9.06% return. Over the past 10 years, ^DWCF has outperformed DAX with an annualized return of 10.94%, while DAX has yielded a comparatively lower 5.17% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
^DWCF vs. DAX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Dow Jones U.S. Total Stock Market Index (^DWCF) 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.
Drawdowns
^DWCF vs. DAX - Drawdown Comparison
The maximum ^DWCF drawdown since its inception was -35.14%, smaller than the maximum DAX drawdown of -45.58%. Use the drawdown chart below to compare losses from any high point for ^DWCF and DAX. For additional features, visit the drawdowns tool.
Volatility
^DWCF vs. DAX - Volatility Comparison
The current volatility for Dow Jones U.S. Total Stock Market Index (^DWCF) is 4.05%, while Global X DAX Germany ETF (DAX) has a volatility of 4.77%. This indicates that ^DWCF experiences smaller price fluctuations and is considered to be less risky than DAX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.