DAX - ETF AI Analysis
Top Page
Global X DAX Germany ETF (DAX)
Rating:68Neutral
Price Target:―
Positive Factors
Strong Recent One-Month Rebound
The ETF has shown a solid bounce over the past month, suggesting improving short-term momentum despite weaker year-to-date results.
Several Strong-Performing Core Holdings
Key positions like Siemens Energy, Infineon, Deutsche Telekom, Siemens, Allianz, and Munich Re have delivered strong or steady gains this year, helping support the fund’s overall performance.
Moderate Expense Ratio
The fund’s ongoing fee is relatively modest, which helps investors keep more of any returns over time.
Negative Factors
Germany-Heavy Geographic Concentration
With the vast majority of assets in German companies, the ETF is heavily tied to the health of Germany’s economy and stock market.
High Weight in a Few Large Holdings
A small group of companies makes up a significant share of the portfolio, which increases the impact if any of these stocks perform poorly.
Several Notable Underperforming Holdings
Large positions such as SAP, Airbus, Rheinmetall, and Deutsche Bank have shown weak performance this year, which has dragged on the fund’s year-to-date results.
DAX vs. SPDR S&P 500 ETF (SPY)
AUM246.85M
RegionEurope
Expense Ratio0.20%
Beta0.77
IssuerGlobal X
Inception DateOct 22, 2014
Dividend Yield1.48%
Asset ClassEquity
Index TrackedDAX Index
Share Statistics
EPS (TTM)N/A
Shares OutstandingN/A
10 Day Avg. Volume43,583
30 Day Avg. Volume55,786
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
53.45Price 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 biggest and most important companies. It mainly holds large, well-known firms across industries like industrials, finance, and telecom. Examples include Siemens and SAP, which both have strong global businesses. An investor might choose this ETF to get simple, one-stop exposure to Germany’s economy and to diversify beyond U.S. stocks. However, the fund is heavily tied to the German stock market, so its value can go up or down with changes in Germany’s economy and European markets.
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 a few industrial and tech heavyweights, with Siemens and Siemens Energy doing much of the heavy lifting as both have been rising and giving the fund a solid industrial backbone. Infineon has been a standout, riding strong momentum in semiconductors and adding extra spark to returns. On the flip side, SAP and Airbus have been losing steam, while financial names like Allianz and Deutsche Bank look more mixed, occasionally tugging on performance. Overall, it’s a concentrated bet on German large caps, with all roads leading back to Europe’s biggest economy.
Name | Company Name | Weight % | Market Value | Market Cap | Yearly Gain | Overall Rating |
|---|---|---|---|---|---|---|
| Siemens | 11.69% | $29.64M | €204.74B | 25.80% | 74 Outperform | |
| SAP SE | 8.73% | $22.14M | €177.21B | -41.68% | 66 Neutral | |
| Allianz | 8.39% | $21.26M | €146.02B | 11.07% | 67 Neutral | |
| Siemens Energy | 8.18% | $20.75M | €149.44B | 115.01% | 72 Outperform | |
| Airbus Group SE | 6.13% | $15.54M | $154.92B | 11.41% | 68 Neutral | |
| Deutsche Telekom | 5.76% | $14.60M | €140.18B | -12.49% | 67 Neutral | |
| Infineon Technologies AG | 4.79% | $12.13M | €95.55B | 119.31% | 67 Neutral | |
| Munich Reinsurance | 3.87% | $9.81M | €59.55B | -17.31% | 71 Outperform | |
| Rheinmetall | 3.27% | $8.29M | €57.12B | -31.48% | 63 Neutral | |
| Deutsche Bank AG | 3.07% | $7.78M | $61.25B | 19.01% | 69 Neutral |
DAX Technical Analysis
Positive
―
Price Trends
43.95
Positive
45.09
Positive
44.76
Positive
Market Momentum
0.21
Positive
54.22
Neutral
86.73
Negative
Evaluating momentum and price trends is crucial in ETF analysis to make informed investment decisions. For DAX, the sentiment is Positive. The current price of undefined is equal to the 20-day moving average (MA) of 45.00, equal to the 50-day MA of 43.95, and equal to the 200-day MA of 44.76, indicating a bullish trend. The MACD of 0.21 indicates Positive momentum. The RSI at 54.22 is Neutral, neither overbought nor oversold. The STOCH value of 86.73 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DAX.
DAX Peer Comparison
Comparison Results
Performance Comparison
DAX
Global X DAX Germany ETF
45.36
1.57
3.59%
EWG
iShares MSCI Germany ETF
―
―
―
FLGB
Franklin FTSE United Kingdom ETF
―
―
―
DBEU
Xtrackers MSCI Europe Hedged Equity 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.
DisclaimerThis 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