^GDAXI vs. ^AEX
Compare and contrast key facts about DAX Performance Index (^GDAXI) and AEX Index (^AEX).
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ^GDAXI or ^AEX.
Performance
^GDAXI vs. ^AEX - Performance Comparison
Returns By Period
In the year-to-date period, ^GDAXI achieves a 14.53% return, which is significantly higher than ^AEX's 9.62% return. Both investments have delivered pretty close results over the past 10 years, with ^GDAXI having a 7.25% annualized return and ^AEX not far ahead at 7.44%.
^GDAXI
14.53%
-2.40%
2.57%
20.51%
7.64%
7.25%
^AEX
9.62%
-4.53%
-5.56%
13.70%
7.54%
7.44%
Key characteristics
| ^GDAXI | ^AEX | |
|---|---|---|
| Sharpe Ratio | 1.71 | 1.16 |
| Sortino Ratio | 2.35 | 1.66 |
| Omega Ratio | 1.30 | 1.22 |
| Calmar Ratio | 2.49 | 1.53 |
| Martin Ratio | 9.34 | 4.32 |
| Ulcer Index | 2.16% | 3.18% |
| Daily Std Dev | 11.76% | 11.83% |
| Max Drawdown | -72.68% | -71.60% |
| Current Drawdown | -2.40% | -8.72% |
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Correlation
The correlation between ^GDAXI and ^AEX is 0.79, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
^GDAXI vs. ^AEX - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for DAX Performance Index (^GDAXI) and AEX Index (^AEX). 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
^GDAXI vs. ^AEX - Drawdown Comparison
The maximum ^GDAXI drawdown since its inception was -72.68%, roughly equal to the maximum ^AEX drawdown of -71.60%. Use the drawdown chart below to compare losses from any high point for ^GDAXI and ^AEX. For additional features, visit the drawdowns tool.
Volatility
^GDAXI vs. ^AEX - Volatility Comparison
DAX Performance Index (^GDAXI) has a higher volatility of 5.58% compared to AEX Index (^AEX) at 4.58%. This indicates that ^GDAXI's price experiences larger fluctuations and is considered to be riskier than ^AEX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.