BROUGHT TO YOU BY:

ETF Portfolio Builder

New

ETF Portfolio Builder

New

DAXvsEWGETF Comparison

ETF 1

DAX

Global X DAX Germany ETF

This fund is part of

Europe Blended Cap

+0.76%

Full DAX fund page

VS

ETF 2

EWG

iShares MSCI Germany ETF

This fund is part of

Europe Blended Cap

+0.76%

Full EWG fund page

Global X DAX Germany ETF (DAX) and iShares MSCI Germany ETF (EWG) belong to the same industry segment: Europe Blended Cap. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. DAX is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.49% for EWG. DAX is down -1.3% year-to-date (YTD) with -$25M in YTD flows. EWG performs better with -0.17% YTD performance, and -$252M in YTD flows. Run a side-by-side ETF comparison of DAX and EWG below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

Find out how industry players manage ETF portfolios. Discover our library of Model portfolios

DAX vs EWG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 06/12/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DAX EWG	+1.34%+1.02%	+4.53%+4.96%	-1.30%-0.17%	+2.99%+2.07%	+61.79%+56.77%	+45.66%+32.40%
Flows	DAX EWG	-$5M+$89M	-$35M-$188M	-$25M-$252M	-$65M-$1.31B	+$142M-$464M	+$160M-$1.42B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DAX EWG	+24.33%+26.57%	+18.34%+18.61%	+17.96%+17.66%	+21.12%+20.68%
Max drawdown	DAX EWG	-6.06%-6.62%	-14.05%-14.75%	-15.41%-15.74%	-39.21%-43.12%
Max drawdown duration	DAX EWG	21d21d	114d106d	42d136d	995d1171d

Trading data

Create an account to view trading data

Join for free

	DAX	EWG
Last sale 6/12/2026 at 1:30 PM	$44.96	$42.31
Previous close 06/12/2026	$44.84	$42.27
Consolidated volume 06/12/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of May 29, 2026

1-year trailing difference

Create an account to view replication metrics

Join for free

Create an account to view replication quality

Join for free

	DAX	EWG
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 6/12/2026 at 1:30 PM

Live

Closed

	DAX	EWG
Last price	$44.96	$42.31
1D performance	+0.26%	+0.09%
AuM	$246.64 M	$1.49 B
E/R	0.2%	0.49%

Characteristics

	DAX	EWG
Management strategy	Passive	Passive
Provider	Global X	iShares
Benchmark	DAX Index	MSCI Germany Index
N° of holdings	38	53
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	October 22, 2014	March 12, 1996
ESG	No	No

More DAX data on Trackinsight

More EWG data on Trackinsight

Exposure

Countries

DAX

Germany

92.6%

Other

7.4%

EWG

Germany

99.25%

Other

0.75%

Sectors

DAX

Industrials

28.4%

Financials

21.02%

Information Techn.

13.21%

Consumer Discreti.

7.03%

Other

30.34%

EWG

Industrials

31.03%

Financials

21.56%

Information Techn.

13.76%

Consumer Discreti.

7.5%

Other

26.16%

Diversification

DAX

Total weight of top 15 holdings out of 15

72.74%

EWG

Total weight of top 15 holdings out of 15

74.64%

Top 15 holdings

Data as of April 30, 2026

DAX

SIEMENS

10.80%

SAP SE

8.87%

ALLIANZ SE

8.73%

SIEMENS ENERGY AG

8.08%

DEUTSCHE TELEKOM AG

5.73%

INFINEON TECHNOLOGIES

4.34%

MUNICH RE

3.92%

RHEINMETALL

3.71%

DEUTSCHE BANK

3.05%

DEUTSCHE BOERSE AG

2.95%

BASF SE

2.88%

DEUTSCHE POST

2.64%

E.ON

2.47%

RWE ST

2.45%

BAYER AG

2.14%

EWG

SIEMENS

11.47%

SAP SE

9.08%

ALLIANZ SE

8.85%

SIEMENS ENERGY AG

8.37%

DEUTSCHE TELEKOM AG

6.06%

INFINEON TECHNOLOGIES

4.46%

MUNICH RE

3.99%

RHEINMETALL

3.73%

DEUTSCHE BOERSE AG

2.94%

BASF SE

2.92%

DEUTSCHE BANK

2.88%

DEUTSCHE POST

2.77%

E.ON

2.54%

RWE ST

2.34%

BAYER AG

2.23%

Frequently asked questions about DAX and EWG

How have the DAX and EWG ETFs performed in 2026?

As of June 12, 2026, DAX is down -1.3% year-to-date (YTD), while EWG has lost -0.17%. That puts EWG better performer ahead so far this year.

Which ETF is attracting more investor money: DAX or EWG?

Year-to-date, the DAX ETF saw -$25M in flows, compared to -$252M for EWG.

Which ETF is more volatile: DAX or EWG?

Over the past year, DAX had a volatility of 18.34%, while EWG experienced 18.61%.

Which ETF is bigger: DAX or EWG?

As of June 12, 2026, DAX holds $246.64 M in assets under management (AUM), while EWG manages $1.49 B.

What sectors do the DAX and EWG ETFs invest in?

DAX leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, EWG focuses on Industrials, Financials and Information Technology.

DAXvsEWGETF Comparison

Global X DAX Germany ETF

iShares MSCI Germany ETF

DAX vs EWG performance and flow charts

Performance

Cumulative Flows

Get all the metrics on this page, and more, through a reliable ETF data feed

Countries

Sectors

Diversification

Top 15 holdings

How have the DAX and EWG ETFs performed in 2026?

As of June 12, 2026, DAX is down -1.3% year-to-date (YTD), while EWG has lost -0.17%. That puts EWG better performer ahead so far this year.

Which ETF is attracting more investor money: DAX or EWG?

Year-to-date, the DAX ETF saw -$25M in flows, compared to -$252M for EWG.

Which ETF is more volatile: DAX or EWG?

Over the past year, DAX had a volatility of 18.34%, while EWG experienced 18.61%.

Which ETF is bigger: DAX or EWG?

As of June 12, 2026, DAX holds $246.64 M in assets under management (AUM), while EWG manages $1.49 B.

What sectors do the DAX and EWG ETFs invest in?

DAX leans toward sectors like Industrials, Financials and Information Technology. Meanwhile, EWG focuses on Industrials, Financials and Information Technology.

What are the top holdings of the DAX ETF and EWG ETF?

DAX top holdings include SIEMENS, SAP SE and ALLIANZ SE. EWG holds in its top three: SIEMENS, SAP SE and ALLIANZ SE.

Which ETF is more diversified: DAX or EWG?

DAX holds 38 securities with 72.74% of its assets in the top 15. EWG has 55 securities and a top 15 weight of 74.64%.

The ETF Industry Is Evolving Fast