Global X DAX Germany ETF (DAX) Performance
DAX total return
Distributions reinvested · as of Oct 23, 2026- YTD
- −2.6% since Dec 31, 2025
- 1 year
- −0.5% total return
- 5 years
- +8.5% a year
- 10 years
- +8.6% a year
- Since first price
- +7.0% a year since 2014
DAX trailing returns vs SPY, QQQ, AGG
| Period | DAX total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −2.6% | −2.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | −0.3% | −2.3% | +7.8% | +8.4% | −1.5% |
| YTD | −2.6% | −4.5% | +12.3% | +15.1% | −1.0% |
| 1 year | −0.5% | −2.6% | +14.4% | +15.9% | −1.1% |
| 3 years | +75.1%+20.5%/yr | +64.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +50.0%+8.5%/yr | +32.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +127.3%+8.6%/yr | +77.0% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 23, 2014 | +125.7%+7.0%/yr | +72.5% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DAX vs SPY
From Oct 23, 2014: DAX grew to $22,566, SPY to $47,577.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DAX returns by calendar year
8 of 11 full years positive. Best 2025 (+39.0%), worst 2018 (−22.9%). 2026 is year to date.
DAX annual returns table
| Year | DAX | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | −2.6% | −14.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +39.0% | −16.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.5% | −8.1% | +24.9% | +25.6% | +1.3% |
| 2023 | +23.6% | −15.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −18.5% | −37.1% | −18.2% | −32.6% | −13.0% |
| 2021 | +7.7% | −10.9% | +28.7% | +27.4% | −1.8% |
| 2020 | +12.3% | −39.0% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.1% | −11.2% | +31.2% | +39.0% | +8.5% |
| 2018 | −22.9% | −29.5% | −4.6% | −0.1% | +0.1% |
| 2017 | +28.2% | −3.0% | +21.7% | +32.7% | +3.6% |
| 2016 | +2.7% | −13.3% | +12.0% | +7.1% | +2.4% |
| 2015 | −3.6% | −20.0% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DAX largest drawdowns
Now 8.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 24, 2018 | −45.6% | Mar 18, 2020 | Dec 28, 2020 | 2.1 years | 2.9 years |
| Jun 7, 2021 | −40.0% | Sep 27, 2022 | Mar 7, 2024 | 1.3 years | 2.7 years |
| Apr 6, 2015 | −24.8% | Feb 11, 2016 | Apr 24, 2017 | 10 months | 2.1 years |
| Mar 18, 2025 | −16.0% | Apr 8, 2025 | Apr 29, 2025 | 21 days | 42 days |
| Jan 27, 2026 | −14.8% | Mar 27, 2026 | Aug 4, 2026 | 59 days | 6 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DAX risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +19.8% | +9.2% | +8.5% | +7.0% |
| Volatility (annualized) | 16.0% | 20.1% | 19.4% | 19.1% |
| Sharpe ratio | 0.95 | 0.36 | 0.40 | 0.35 |
| Sortino ratio | 1.58 | 0.56 | 0.60 | 0.53 |
| Best month | +12.8% | +15.5% | +16.6% | +16.6% |
| Worst month | −10.8% | −13.3% | −17.5% | −17.5% |
| Best 12 months | +43.8% | +43.8% | +61.9% | +61.9% |
| Worst 12 months | +0.4% | −34.0% | −34.0% | −34.0% |
| Positive months | 69% | 60% | 60% | 59% |
| Beta vs S&P 500 | 0.76 | 0.95 | 0.96 | — |
| Correlation with S&P 500 | 0.59 | 0.74 | 0.76 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DAX rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 133 | −34.0% | +9.5% | +61.9% | 68% |
| 3-year (a year) | 109 | −6.7% | +5.6% | +32.9% | 89% |
| 5-year (a year) | 85 | −5.4% | +6.8% | +16.6% | 86% |
| 10-year (a year) | 25 | +4.6% | +8.2% | +10.5% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
DAX performance overview
Global X DAX Germany ETF (DAX) returned −0.5% over the past year and +8.6% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +7.0% a year, turning $10,000 into about $22,566. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −45.6%, from Jan 24, 2018 to Mar 18, 2020, and it took 9 months to get back to the old high. DAX finished 8 of its 11 full calendar years with a gain; the best year was 2025 (+39.0%) and the worst 2018 (−22.9%). Volatility has been 19.1% a year.
Related: DAX chart, DAX holdings, DAX dividends. See the DAX overview for the latest quote and fund facts.
DAX performance FAQ
What is the DAX return over the past year?
DAX returned −0.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it fell 2.6%.
What is the average annual return of DAX?
DAX has returned +8.5% a year over 5 years, +8.6% a year over 10 years, +7.0% a year since October 23, 2014 (total return, distributions reinvested).
How much would $10,000 invested in DAX be worth?
$10,000 invested in DAX at its first recorded close on October 23, 2014 would be worth about $22,566 on October 23, 2026 with distributions reinvested.
What was the worst year for DAX?
The worst calendar year was 2018, with a total return of −22.9%. The best was 2025 at +39.0%.
What is the biggest drawdown of DAX?
The largest peak-to-trough decline was −45.6% between January 24, 2018 and March 18, 2020. It recovered to the old high on December 28, 2020, 9 months after the bottom.
How volatile is DAX?
Over the past 3 years DAX had an annualized volatility of 16.0% and a Sharpe ratio of 0.95 (excess return over 1–3 month T-bills per unit of risk).