Global X DAX Germany ETF (DAX) Holdings
DAX holdings summary
as of Oct 25, 2026- Holdings
- 40 positions listed
- Top 10 weight
- 65.8% of net assets
- Effective holdings
- 17 equal-weight equivalent
- Largest holding
- SAP 12.42% SAP SE
- Annual turnover
- 16.4% of the portfolio traded
All DAX holdings
| # | Name | ||||||
|---|---|---|---|---|---|---|---|
| 1 | SAP | SAP SE | Technology | 12.42% | $25.5M | — | — |
| 2 | SIE | Siemens Aktiengesellschaft | Industrials | 11.18% | $22.9M | — | — |
| 3 | ALV | Allianz SE VNA O.N. | Financial Services | 9.55% | $19.6M | — | — |
| 4 | AIR | Airbus Group SE | Industrials | 6.86% | $14.1M | — | — |
| 5 | ENR | Siemens Energy AG | Industrials | 6.31% | $12.9M | — | — |
| 6 | DTE | Deutsche Telekom AG | Communication Services | 5.13% | $10.5M | — | — |
| 7 | IFX | Infineon Technologies AG | Technology | 3.91% | $8.0M | — | — |
| 8 | MUV2 | Münchener Rück AG | Financial Services | 3.90% | $8.0M | — | — |
| 9 | DB1 | Deutsche Börse AG | Financial Services | 3.47% | $7.1M | — | — |
| 10 | DBK | Deutsche Bank Aktiengesellschaft | Financial Services | 3.10% | $6.3M | — | — |
| 11 | DHL | Deutsche Post AG | Industrials | 3.02% | $6.2M | — | — |
| 12 | RHM | Rheinmetall AG | Industrials | 2.72% | $5.6M | — | — |
| 13 | BAS | BASF SE | Basic Materials | 2.57% | $5.3M | — | — |
| 14 | EOAN | E.ON SE | Utilities | 2.42% | $5.0M | — | — |
| 15 | BAYN | Bayer AG NA | Healthcare | 2.37% | $4.9M | — | — |
| 16 | RWE | RWE AG | Utilities | 2.21% | $4.5M | — | — |
| 17 | MBG | Mercedes-Benz Group AG | Consumer Cyclical | 1.77% | $3.6M | — | — |
| 18 | ADS | adidas AG | Consumer Cyclical | 1.70% | $3.5M | — | — |
| 19 | DTG | Daimler Truck Holding AG | Other | 1.24% | $2.6M | — | — |
| 20 | HEI | Heidelberg Materials AG | Basic Materials | 1.07% | $2.2M | — | — |
| 21 | FRE | Fresenius SE & Co. KGaA | Healthcare | 1.06% | $2.2M | — | — |
| 22 | BMW | Bayerische Motoren Werke Aktiengesellschaft | Consumer Cyclical | 1.05% | $2.2M | — | — |
| 23 | 0O14 | MERCK Kommanditgesellschaft auf Aktien | Healthcare | 1.03% | $2.1M | — | — |
| 24 | HNR1 | Hannover Rück SE | Financial Services | 1.02% | $2.1M | — | — |
| 25 | MTX | MTU Aero Engines AG | Industrials | 1.01% | $2.1M | — | — |
| 26 | SHL | Siemens Healthineers AG | Healthcare | 0.87% | $1.8M | — | — |
| 27 | VOW3 | Volkswagen AG VZO O.N. | Consumer Cyclical | 0.84% | $1.7M | — | — |
| 28 | CBK | Commerzbank AG | Financial Services | 0.81% | $1.7M | — | — |
| 29 | SY1 | Symrise AG | Basic Materials | 0.78% | $1.6M | — | — |
| 30 | HEN3 | Henkel AG & Co. KGaA vz. (Pref Shares) | Consumer Defensive | 0.68% | $1.4M | — | — |
| 31 | VNA | Vonovia SE | Real Estate | 0.68% | $1.4M | — | — |
| 32 | G1A | GEA GROUP | Industrials | 0.62% | $1.3M | — | — |
| 33 | QGEN | Qiagen N.V. | Healthcare | 0.52% | $1.1M | $9.53B | 23.4 |
| 34 | FME | Fresenius Medical Care AG & Co. KGaA | Healthcare | 0.45% | $913,098.74 | — | — |
| 35 | CON | Continental Aktiengesellschaft | Consumer Cyclical | 0.43% | $885,621.71 | — | — |
| 36 | BEI | Beiersdorf Aktiengesellschaft | Consumer Defensive | 0.43% | $883,981.29 | — | — |
| 37 | BNR | Brenntag SE | Basic Materials | 0.39% | $798,269.35 | — | — |
| 38 | HOT | HOCHTIEF Aktiengesellschaft | Industrials | 0.36% | $744,135.49 | — | — |
| 39 | ZAL | Zalando SE | Consumer Cyclical | 0.35% | $720,349.40 | — | — |
| 40 | G24 | Scout24 AG | Communication Services | 0.35% | $712,352.35 | — | — |
Weights as a percentage of net assets. Value held = weight × net assets ($205.1M). Market cap and P/E from each company's latest fundamentals (U.S.-listed stocks).
DAX sector breakdown
| Sector | Weight | Holdings | Largest |
|---|---|---|---|
| Industrials | 32.1% | 8 | SIE, AIR, ENR |
| Financial Services | 21.8% | 6 | ALV, MUV2, DB1 |
| Technology | 16.3% | 2 | SAP, IFX |
| Healthcare | 6.3% | 6 | BAYN, FRE, 0O14 |
| Consumer Cyclical | 6.1% | 6 | MBG, ADS, BMW |
| Communication Services | 5.5% | 2 | DTE, G24 |
| Basic Materials | 4.8% | 4 | BAS, HEI, SY1 |
| Utilities | 4.6% | 2 | EOAN, RWE |
| Other | 1.2% | 1 | DTG |
| Consumer Defensive | 1.1% | 2 | HEN3, BEI |
| Real Estate | 0.7% | 1 | VNA |
Sum of the weights of the holdings in each sector.
DAX top industries
DAX overlap with other ETFs
| ETF | Fund | Overlap | Shared holdings | Expense ratio |
|---|---|---|---|---|
| VXUS | Vanguard Total International Stock ETF | 4.3% | 40 of 8,035 | 0.05% |
| IWM | iShares Russell 2000 ETF | 0.4% | 5 of 1,962 | 0.19% |
| VTI | Vanguard Total Stock Market ETF | 0.1% | 7 of 2,941 | 0.03% |
| SPY | SPDR S&P 500 ETF | 0.0% | 1 of 502 | 0.09% |
| QQQ | Invesco QQQ ETF | 0.0% | 0 of 101 | 0.17% |
| DIA | SPDR Dow Jones Industrial Average ETF | 0.0% | 0 of 30 | 0.16% |
Overlap = sum over shared holdings of the smaller of the two weights. 100% means identical portfolios.
About the DAX portfolio
Global X DAX Germany ETF holds 40 positions. The ten largest make up 65.8% of the fund, so it behaves like a portfolio of about 17 equally weighted positions. The biggest positions are SAP SE (12.42%), Siemens Aktiengesellschaft (11.18%), Allianz SE VNA O.N. (9.55%), Airbus Group SE (6.86%), Siemens Energy AG (6.31%).
By sector, Industrials is 32.1%, Financial Services is 21.8%, Technology is 16.3%. Holdings data is from the fund's latest portfolio as reported by EODHD on October 25, 2026; positions change as the fund rebalances.
Related: DAX chart, DAX performance, DAX dividends, DAX overview.
DAX holdings FAQ
How many holdings does DAX have?
DAX holds 40 positions as of October 25, 2026.
What are the top 10 holdings of DAX?
The ten largest holdings are SAP SE (12.42%), Siemens Aktiengesellschaft (11.18%), Allianz SE VNA O.N. (9.55%), Airbus Group SE (6.86%), Siemens Energy AG (6.31%), Deutsche Telekom AG (5.13%), Infineon Technologies AG (3.91%), Münchener Rück AG (3.90%), Deutsche Börse AG (3.47%), Deutsche Bank Aktiengesellschaft (3.10%). Together they are 65.8% of the fund.
What percentage of DAX is SAP SE?
SAP SE is the largest holding at 12.42% of net assets, about $25.5M of the fund's $205.1M.
Which sector is the largest in DAX?
Industrials is the largest sector at 32.1%, followed by Financial Services (21.8%) and Technology (16.3%), based on the sectors of the individual holdings.
How concentrated is DAX?
The top 10 holdings are 65.8% of the fund. By the effective number of holdings (1 divided by the sum of squared weights) DAX behaves like a portfolio of about 17 equally weighted positions.