DAX

Global X DAX Germany ETF

Global X DAX Germany ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to provide investment results that will closely correspond to the DAX? Index using a quarterly rebalance frequency and weighting the securities by market cap. The underlying index holds 30 German blue chip stocks that are traded on the Frankfurt Stock Exchange.


International

EQUITY

Passive

MANAGEMENT STYLE

69.2 M

ASSETS UNDER MGMT

21 bp

EXPENSES
Fund Basics
Fund sponsorGlobal X Management Co LLC
CategoryInternational
Asset classEquity
Websitelink...
Inception dateOct 22, 2014
Assets (mns)$69
Expense ratio21 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
SAP AG 16.1 %
SIEMENS AG-REG 9.6 %
ALLIANZ SE-REG 7.9 %
DEUTSCHE TELEKOM AG 7.1 %
EADS NV 6.3 %
MUENCHENER RUECKVER AG-REG 4.6 %
INFINEON TECHNOLOGIES AG 2.9 %
DEUTSCHE BOERSE AG 2.8 %
ADIDAS AG 2.7 %
BASF SE 2.7 %
Constituent Breakdown
Number of holdings40
Herfindahl-Hirschman Index 602
Wgt avg mkt cap (mns)$106,093
Large cap (>$10bn)99.1%
Mid cap ($2-10bn)0.5%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
GERMANY 90.6 %
NETHERLANDS 6.9 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 5.4% 9.9% 13.0% 3.9% 5.5% 3.9% 4.6%
Volatility 14.7% 14.5% 16.7% 21.3% 23.9% 21.6% --
Market Correlations
versus...BetaR-squared
S&P 5001.0868%
MSCI EAFE1.2690%
MSCI Emg Mkts1.0158%
Liquidity Measures
Avg. volume (000)16
Turnover0.8%
Avg. Bid/Ask (% of price)0.34%
ADV of underlying (mns)$2,339
Technical Indicators
Recent close$33.90
30d moving avg.$33.82
Annualized volatility23.0%
Relative strength (RSI)50
Short interest (ETF)1.2%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Risk and Returns: DAX vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.0 12.7 1.5 3.3% --
Based on closing prices from 12/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DAX



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

DAX

6.6%

Cat. Avg

7.5%


ALTAR Score™ Calculation

Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™ of 7.5% and a standard deviation of 2.7%. DAX's ALTAR Score™ is approximately 0.3 standard deviations below the category average. This places DAX in the 37th percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

DAX
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Passive
International Equity ETFs
# of ETFs 77
Avg. Expense Ratio 38.8 bp
Std. Deviation 21.2 bp
DAX (21 bp) Percentile rank 19
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DAX 21.0 33.6 54.6
Peer Avg. 42.0 17.5 59.5
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .