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Launched · SEC filings

Global X DAX Germany ETF

DAXNasdaqGlobal XB

$44.86+0.35 (+0.79%)

At close: Nov 2, 2026, 4:00 PM ET

B64/ 100

Rank 5 of 12 in Europe Region

B64/100Rank 5 of 12inEurope Region
Intraday session: up, 79 prints from 44.51 to 44.86. Range 44.68 to 45.12. Use the arrow keys to read each point.44.6044.7045.0045.1010 AM12 PM2 PM4 PM
Expense ratio
0.20%
Fund size
$202M
1Y total return
+4.2%
Yield · Last 12 months
2.10%
Holdings
43
Avg volume · 30D
31.1K sh
52W range
low $40.35high $47.92
Launched
Filings
SEC EDGAR

The ETF.net DAX Grade

B

Score 64 out of 100

Category
Europe Region⁠
Rank
5 of 12
Six-pillar profile for DAX. Scores out of 100: Cost 81, Risk 45, Mission 97, Tradability 28, Holdings 39, Durability 35. Strongest: Mission (97). Weakest: Tradability (28). Leans toward Mission.

Score 64 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A81 out of 100
    Rank 3 of 12

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A97 out of 100
    Rank 6 of 11

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C45 out of 100
    Rank 8 of 12

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D28 out of 100
    Rank 11 of 12

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D39 out of 100
    Rank 10 of 12

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D35 out of 100
    Rank 10 of 12

Our read on DAX

ETF.net Research

In short

BGermany's headline blue-chip benchmark in a US wrapper. Roughly 40 of the country's largest listed companies, tracked by an index fund that charges 0.20% a year, well under half the typical fee for a single-country Europe ETF.

Stated mandate

The fund seeks to track the price and yield performance of the DAX Index before fees and expenses.

Why people hold it

  • Charges 0.20% a year while the typical European single-country ETF costs more than double that. Peers like EWL and EWD sit near 0.50%.
  • One index, roughly 40 names, no overlay or hedging gimmick. Its tracking of the DAX Index is among the tightest in its European single-country peer group.
  • Trading since 2014, so it brings a decade-plus live record rather than a recent launch, and it is one of the stronger builds in its cohort.

Worth knowing

  • Focus cuts both ways. Roughly 40 companies in one economy means a handful of German large caps carry the whole portfolio.
  • Thinly traded with a modest asset base, so spreads and limit orders matter more here than in a mega-cap Europe fund.
  • Distributions land once or twice a year, not quarterly or monthly, so cash flow arrives in lumps.

DAX Performance

Launched Oct 22, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DAX$10,424
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,146
Oct 31, 2025 to Nov 2, 2026. DAX $10,424. SPY $11,146. Use the arrow keys to read each point.$10,000$11,000Oct 2025May 2026Nov 2026

Oct 31, 2025 – Nov 2, 2026

Returns run to the Nov 2, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for DAX. Periods over one year show the average yearly return.
PeriodDAX
Year to date+0.3%
1 month+1.9%
3 months−2.1%
1 year+4.2%
3 yearsper year+20.8%
5 yearsper year+8.7%
10 yearsper year+9.0%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DAX
YearReturn barDAX
2026 YTD+0.3%
2025+39.0%
2024+10.5%
2023+23.6%
2022−18.5%
2021+7.7%
2020+12.3%

DAX in the news

DAX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 2, 2026.
2.10%Last 12 months
Payout per share
$0.94Last 12 months
Last payment
$0.86 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 18 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.55; Jun 20, 2018 $0.35; Dec 28, 2018 $0.44; Jun 27, 2019 $0.69; Dec 30, 2019 $0.003; Jun 29, 2020 $0.29; Dec 30, 2020 $0.40; Jun 29, 2021 $0.52; Dec 30, 2021 $0.33; Jun 29, 2022 $0.61; Dec 29, 2022 $0.11; Jun 29, 2023 $0.65; Dec 28, 2023 $0.11; Jun 27, 2024 $0.66; Dec 30, 2024 $0.09; Jun 27, 2025 $0.59; Dec 30, 2025 $0.08; Jun 29, 2026 $0.86. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 29, 2026Jul 7, 2026$0.86
Dec 30, 2025Jan 7, 2026$0.08
Jun 27, 2025Jul 7, 2025$0.59
Dec 30, 2024Jan 7, 2025$0.09
Jun 27, 2024Jul 5, 2024$0.66
Dec 28, 2023Jan 8, 2024$0.11
Jun 29, 2023Jul 10, 2023$0.65
Dec 29, 2022Jan 9, 2023$0.11
Jun 29, 2022Jul 8, 2022$0.61
Dec 30, 2021Jan 7, 2022$0.33
Jun 29, 2021Jul 8, 2021$0.52
Dec 30, 2020Jan 8, 2021$0.40

See all 22 payments⁠

$10,000 in DAX 10 years ago paid $3,186 in dividends.⁠

DAX Risk

Risk pillarC45 out of 100Rank 8 of 12 in Europe Region
How much the fund’s monthly returns vary, scaled to a year.
15.8%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.05
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−38.1%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
1.06
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DAX Cost

Compare DAX and SPEU

Overpaying vs SPEU, cheapest in Europe Region

$2,675

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DAX 0.20%

    $4,155

  • SPEU 0.07% Cheapest

    $1,480

$10,000
30 years

Cost over time

  • DAX 0.20%
  • SPEU 0.07%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$1K$2K$3K$4K$5K051015202530DAX $4,155SPEU $1,480

Year by year

YearDAXSPEUOverpaying
10$365$128$237
20$1,421$503$918
30$4,155$1,480$2,675

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