---
ticker: "DAX"
name: "Global X - DAX Germany ETF"
url: "https://etf.net/etf/DAX"
grade: "B"
score: 64
graded_at: "2026-10-12"
category: "Europe Region"
category_rank: "5 of 12"
methodology: "https://etf.net/methodology"
---

# DAX: Global X - DAX Germany ETF

Grade **B**, Score 64 of 100. Rank 5 of 12 in Europe Region.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 81 | 3 of 12 |
| Mission | 97 | 6 of 11 |
| Risk | 43 | 9 of 12 |
| Tradability | 26 | 11 of 12 |
| Holdings | 38 | 10 of 12 |
| Durability | 36 | 9 of 12 |

## Top holdings

The fund holds 43 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | SIE.DE | Siemens Ag-Reg | 11.54% |
| 2 | SAP.DE | Sap SE | 11.12% |
| 3 | ALV.DE | Allianz Se-Reg | 9.17% |
| 4 | ENR.DE | Siemens Energy AG | 7.23% |
| 5 | AIR.DE | Airbus SE | 6.38% |
| 6 | DTE.DE | Deutsche Telekom Ag-Reg | 4.94% |
| 7 | IFX.DE | Infineon Technologies AG | 4.44% |
| 8 | MUV2.DE | Muenchener Rueckver Ag-Reg | 3.84% |
| 9 | DBK.DE | Deutsche Bank Ag-Registered | 3.30% |
| 10 | DB1.DE | Deutsche Boerse AG | 3.19% |
| 11 | DHL.DE | Dhl AG | 3.06% |
| 12 | BAS.DE | Basf SE | 2.67% |
| 13 | RHM.DE | Rheinmetall AG | 2.54% |
| 14 | BAYN.DE | Bayer Ag-Reg | 2.48% |
| 15 | RWE.DE | Rwe AG | 2.35% |
| 16 | EOAN.DE | E.on SE | 2.22% |
| 17 | MBG.DE | Mercedes-Benz Group AG | 1.65% |
| 18 | ADS.DE | Adidas AG | 1.56% |
| 19 | DTG.DE | Daimler Truck Holding AG | 1.24% |
| 20 | MTX.DE | Mtu Aero Engines AG | 1.09% |
| 21 | HEI.DE | Heidelberg Materials AG | 1.03% |
| 22 | MRK.DE | Merck Kgaa | 1.03% |
| 23 | BMW.DE | Bayerische Motoren Werke AG | 1.03% |
| 24 | FRE.DE | Fresenius SE & Co Kgaa | 1.01% |
| 25 | HNR1.DE | Hannover Rueck SE | 0.91% |
| 26 | CBK.DE | Commerzbank AG | 0.88% |
| 27 | SHL.DE | Siemens Healthineers AG | 0.84% |
| 28 | VOW3.DE | Volkswagen AG | 0.81% |
| 29 | SY1.DE | Symrise AG | 0.71% |
| 30 | VNA.DE | Vonovia SE | 0.69% |

Source: etf.net, https://etf.net/etf/DAX. Please cite the page URL.