Education
About Us
Working with TipRanks
Follow Us
DAX - ETF AI Analysis
Top Page
Global X DAX Germany ETF (DAX)
Rating:68Neutral
Price Target:―
Positive Factors
Broad Sector Mix Within Germany
Holdings spread across industrials, financials, technology, health care, and other sectors help reduce the impact of weakness in any single industry.
Several Strongly Performing Top Holdings
Key positions such as Siemens, Airbus, Siemens Energy, Rheinmetall, and Infineon have shown strong year-to-date performance, supporting the fund’s recent gains.
Moderate Expense Ratio
The fund’s expense ratio is relatively low for a specialized country ETF, which helps investors keep more of their returns over time.
Negative Factors
High Concentration in a Few Stocks
A small number of companies make up a large share of the portfolio, which increases the impact if any of these major holdings run into trouble.
Mixed Performance Among Top Holdings
Several large positions such as SAP, Allianz, Deutsche Telekom, Munich Re, and Deutsche Bank have shown weak year-to-date performance, which can drag on overall returns.
Heavy Dependence on Germany
The ETF is heavily focused on German companies, so investors are highly exposed to the economic and market conditions of a single country despite a small U.S. allocation.
DAX vs. SPDR S&P 500 ETF (SPY)
AUM273.62M
RegionEurope
Expense Ratio0.20%
Beta0.73
IssuerGlobal X
Inception DateOct 22, 2014
Dividend Yield1.53%
Asset ClassEquity
Index TrackedDAX Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume53,155
30 Day Avg. Volume57,983
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)N/A
P/FCF RatioN/A
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
53.59Price Target Upside― Downside
Rating ConsensusModerate Buy
Number of Analyst Covering40
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
DAX Summary
The Global X DAX Germany ETF (DAX) tracks the DAX Index, which follows many of Germany’s largest and most important companies. It holds big names like software giant SAP and industrial leader Siemens, along with banks, insurers, and industrial firms, giving you broad exposure to Germany’s economy in a single investment. Someone might invest in this ETF to diversify beyond their home market and tap into the growth and stability of leading European companies. A key risk is that it is heavily tied to Germany and European markets, so its value can rise or fall with that region’s economy.
How much will it cost me?The Global X DAX Germany ETF has an expense ratio of 0.2%, which means you’ll pay $2 per year for every $1,000 invested. This is lower than average because it is passively managed, tracking the DAX Index rather than relying on active stock picking.
What would affect this ETF?The Global X DAX Germany ETF could benefit from Germany's strong industrial and financial sectors, which are key drivers of its economy, as well as the global reach of its top holdings like SAP and Siemens. However, challenges such as economic slowdowns in Europe, regulatory changes, or disruptions in key industries like automotive and technology could negatively impact the ETF's performance. Additionally, rising interest rates may affect financial sector profitability, which is a significant part of this ETF's exposure.
DAX Top 10 Holdings
This Germany-focused ETF leans heavily on industrial and tech champions, with Siemens Energy and Infineon doing much of the heavy lifting as their shares have been rising and adding momentum. Deutsche Telekom has also been a steady helper, quietly supporting returns. On the flip side, SAP and Airbus are losing steam, acting as noticeable drags, while Deutsche Bank remains more of a mixed bag than a clear driver. Overall, the fund is concentrated in German large caps, with performance hinging on a handful of big industrial and technology names.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| SAP SE | 11.22% | $30.42M | €195.70B | -30.60% | 66 Neutral | |
| Siemens | 10.12% | $27.43M | €168.54B | -4.31% | 74 Outperform | |
| Allianz | 7.91% | $21.46M | €130.35B | 0.20% | 67 Neutral | |
| Siemens Energy | 6.93% | $18.79M | €126.72B | 183.86% | 72 Outperform | |
| Deutsche Telekom | 6.92% | $18.76M | €158.95B | -4.98% | 67 Neutral | |
| Airbus Group SE | 6.18% | $16.75M | $160.48B | 12.98% | 68 Neutral | |
| Rheinmetall | 4.38% | $11.89M | €75.39B | 46.00% | 63 Neutral | |
| Munich Reinsurance | 4.11% | $11.13M | €68.38B | -7.09% | 71 Outperform | |
| Deutsche Bank AG | 3.14% | $8.51M | $57.80B | 36.09% | 69 Neutral | |
| Infineon Technologies AG | 3.08% | $8.35M | €50.69B | 18.60% | 67 Neutral |
DAX Technical Analysis
Negative
―
Price Trends
46.35
Negative
45.28
Negative
44.81
Negative
Market Momentum
-0.65
Positive
33.92
Neutral
20.31
Neutral
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DAX, the sentiment is Negative. The current price of undefined is equal to the 20-day moving average (MA) of 46.26, equal to the 50-day MA of 46.35, and equal to the 200-day MA of 44.81, indicating a bearish trend. The MACD of -0.65 indicates Positive momentum. The RSI at 33.92 is Neutral, neither overbought nor oversold. The STOCH value of 20.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for DAX.
DAX Peer Comparison
Comparison Results
Performance Comparison
DAX
Global X DAX Germany ETF
43.86
4.70
12.00%
EWG
iShares MSCI Germany ETF
―
―
―
FLGB
Franklin FTSE United Kingdom ETF
―
―
―
SPEU
SPDR Portfolio Europe ETF
―
―
―
FGM
First Trust Germany AlphaDEX Fund
―
―
―
FLGR
Franklin FTSE Germany ETF
―
―
―
Glossary
BuyAn ETF rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF is likely to deliver higher returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldAn ETF rated as a "Hold" s expected to perform in line with the overall market or a specific benchmark. This rating indicates that the ETF is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellAn ETF rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the ETF may deliver lower returns compared to other ETFs in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst ETF Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in ETFs carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: ―
Table of Contents