DAX


DAX Germany ETF

Reasons to Consider DAX

Growth Potential

Rebounding from the pandemic, Germany is forecasted to exceed 4.5% GDP growth in 2022. Prominent vehicle manufacturers could be well-positioned to serve growing demand for electric vehicles (EVs) in the years ahead.1

Targeted Exposure

The Fund provides targeted exposure to Germany, the largest economy in Europe by GDP.

Efficient Access

DAX offers access to 40 of the largest and most liquid publicly traded companies in Germany, spanning a range of economic sectors.

1Statista, Oct 2021

Key Information As of 06/23/22

Inception Date 10/22/14
Total Expense Ratio 0.20%
Net Assets $29.81 million
NAV $24.23
Fact Sheet

ETF Summary

The Global X DAX Germany ETF (DAX) is the only U.S. listed ETF that seeks to track the premiere German DAX Index, comprised of the 40 largest and most liquid companies admitted to the FWB Frankfurt Stock Exchange.

ETF Objective

The Global X DAX Germany ETF (DAX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the DAX Index.

Trading Details As of 06/23/22

Ticker DAX
Bloomberg Index Ticker DAX
CUSIP 37954Y491
ISIN US37954Y4917
Primary Exchange Nasdaq
Shares Outstanding 1,230,000
Number of Holdings 40
30-Day Median Bid-Ask Spread 0.48%

Distributions As of 06/23/22

30-Day SEC Yield -0.73%
Distribution Frequency Semi-Annually

ETF Prices As of 06/23/22

NAV $24.23 Daily Change -$0.60 -2.41%
Market Price $24.30 Daily Change -$0.34 -1.38%

Performance History

As of recent
(03/31/22)
As of recent
(03/31/22)
Fund NAV Market Price Index
1 Year -9.51% -11.40% -9.07%
3 Years 6.90% 6.13% 7.41%
5 Years 3.50% 3.12% 4.02%
Since Inception 4.03% 3.73% 4.79%
1 Year -18.96% -19.19% -18.25%
3 Years 5.11% 4.87% 5.66%
5 Years 1.19% 1.18% 1.67%
Since Inception 3.34% 3.32% 4.13%
Year-to-Date -11.30% -12.78% -10.89%
1 Month -1.27% -1.99% -1.26%
3 Months -11.30% -12.78% -10.89%
Since Inception 34.18% 31.33% 41.63%
Year-to-Date -15.13% -14.83% -14.37%
1 Month 3.27% 4.61% 3.64%
3 Months -5.53% -4.29% -5.10%
Since Inception 28.39% 28.25% 36.11%

The Fund was re-organized effective December 24, 2018. Returns presented above reflect the performance of the predecessor Fund through December 21, 2018.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Top Holdings As of 06/23/22

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
10.26 LIN GR LINDE PLC BYWD9S5 297.01 10,297 3,058,310.91
8.47 SAP GR SAP SE 4846288 94.10 26,836 2,525,375.53
6.85 SIE GR SIEMENS AG-REG 5727973 104.51 19,525 2,040,483.79
6.70 ALV GR ALLIANZ SE-REG 5231485 188.46 10,593 1,996,364.50
5.91 DTE GR DEUTSCHE TELEKOM AG-REG 5842359 19.64 89,655 1,761,194.98
5.29 BAYN GR BAYER AG-REG 5069211 61.63 25,565 1,575,673.93
4.87 AIR GR AIRBUS SE 4012346 95.67 15,185 1,452,791.06
4.23 MBG GR MERCEDES-BENZ GROUP AG 5529027 61.68 20,460 1,261,893.87
3.44 BAS GR BASF SE 5086577 43.62 23,477 1,024,059.92
3.11 DPW GR DEUTSCHE POST AG-REG 4617859 36.85 25,191 928,284.90
2.80 IFX GR INFINEON TECHNOLOGIES AG 5889505 24.59 33,875 832,965.49
2.79 MUV2 GR MUENCHENER RUE-R 5294121 228.47 3,644 832,541.59
2.64 DB1 GR DEUTSCHE BOERSE AG 7021963 164.46 4,779 785,933.67
2.64 VOW3 GR Volkswagen AG 5497168 146.41 5,367 785,781.24
2.60 ADS GR ADIDAS AG 4031976 175.89 4,411 775,849.29
2.40 RWE GR RWE AG 4768962 40.66 17,596 715,474.33
2.21 BMW GR BMW AG 5756029 78.86 8,339 657,602.76
2.04 VNA GR VONOVIA SE BBJPFY1 32.56 18,666 607,853.63
1.85 MRK GR MERCK KGAA 4741844 164.35 3,362 552,546.01
1.67 EOAN GR E.ON SE 4942904 9.21 54,068 497,871.90
1.60 DBK GR DEUTSCHE BANK-RG 5750355 8.96 53,068 475,589.40
1.24 SY1 GR SYMRISE AG B1JB4K8 107.29 3,454 370,564.96
1.14 SHL GR SIEMENS HEALTHINEERS AG BD594Y4 47.01 7,236 340,163.61
1.09 DTG GR DAIMLER TRUCK HOLDING AG BP6VLQ4 26.55 12,253 325,288.90
1.05 FRE GR FRESENIUS SE & CO KGAA 4352097 29.02 10,788 313,031.46
0.92 HEN3 GR HENKEL AG & CO KGAA 5076705 62.69 4,394 275,446.16
0.91 PAH3 GR PAH3 7101069 68.88 3,930 270,689.20
0.88 QIA GZ QIAGEN N.V. BYXS699 44.41 5,918 262,814.53
0.87 BEI GR BEIERSDORF AG 5107401 101.79 2,547 259,258.75
0.84 FME GR FRESENIUS MEDICA 5129074 48.60 5,171 251,309.08
0.84 BNR GR BRENNTAG SE B4YVF56 63.07 3,961 249,804.06
0.83 MTX GR MTU AERO ENGINES AG B09DHL9 179.30 1,387 248,690.36
0.72 HNR1 GR HANNOVER RUECK SE 4511809 138.29 1,558 215,459.36
0.69 SRT3 GR SRT3 5843329 331.75 619 205,355.76
0.67 CON GR CONTINENTAL AG 4598589 70.96 2,811 199,475.05
0.62 HEI GR HEIDELBERGCEMENT AG 5120679 50.08 3,686 184,610.47
0.58 1COV GR COVESTRO AG BYTBWY9 34.86 4,958 172,835.73
0.57 PUM GR PUMA SE 5064722 67.45 2,536 171,042.49
0.53 ZAL GR ZALANDO SE BQV0SV7 26.89 5,843 157,117.52
0.47 HFG GR HELLOFRESH SE BYWH8S0 31.80 4,373 139,044.64
0.17 CASH 1.00 50,752 50,753.51
Holdings are subject to change.

Sector Breakdown As of 05/31/22

Sector Weight (%)
Industrials 18.3
Materials 17.2
Consumer Discretionary 15.2
Financials 14.0
Health Care 11.9
Information Technology 10.9
Communication Services 5.4
Utilities 3.9
Real Estate 2.0
Consumer Staples 1.4

Source: AltaVista Research, LLC

ETF Characteristics As of 06/23/22

Return on Equity 13.10%
Weighted Avg. Market Cap 52,567 M
2021 2022
Price-to-earnings 10.05 9.87
Price-to-book value 1.34 1.25

Source: AltaVista Research, LLC

ETF Risk Stats As of 06/23/22

Versus Beta
S&P 500 1.05
MSCI EAFE 1.15
MSCI Emg. Mkts 0.88
Standard Deviation 22.60%

Source: AltaVista Research, LLC

ETF Research

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Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. DAX is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Deutsche Börse AG, nor does Deutsche Börse AG make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Deutsche Börse AG.

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