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DAXvsEWGETF Comparison

ETF 1

DAX

Global X DAX Germany ETF

This fund is part of

Europe Blended Cap

+0.66%

Full DAX fund page

VS

ETF 2

EWG

iShares MSCI Germany ETF

This fund is part of

Europe Blended Cap

+0.66%

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, Finance and Technology. DAX is less expensive with a Total Expense Ratio (TER) of 0.2%, versus 0.49% for EWG. DAX is up 0.61% year-to-date (YTD) with -$67M in YTD flows. EWG performs better with 1.25% YTD performance, and -$150M 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.

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DAX vs EWG performance and flow charts

Performance

Cumulative Flows

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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 11/02/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	DAX EWG	+2.21%+1.94%	-2.88%-2.73%	+0.61%+1.25%	+4.02%+4.94%	+77.52%+72.93%	+52.92%+39.35%
Flows	DAX EWG	-$13M+$74M	-$22M-$38M	-$67M-$150M	-$80M-$455M	+$104M-$50M	+$113M-$1.02B

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	DAX EWG	+13.92%+13.40%	+18.79%+18.70%	+17.85%+17.54%	+21.12%+20.71%
Max drawdown	DAX EWG	-9.98%-8.58%	-14.05%-14.75%	-15.41%-15.13%	-37.58%-41.46%
Max drawdown duration	DAX EWG	64d67d	166d158d	42d37d	836d923d

Trading data

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	DAX	EWG
Last sale 11/3/2026 at 2:30 PM	$44.72	$42.06
Previous close 11/02/2026	$44.86	$42.16
Consolidated volume 11/02/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of October 30, 2026

1-year trailing difference

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

Main metrics

Last update 11/3/2026 at 2:30 PM

Live

Closed

	DAX	EWG
Last price	$44.72	$42.06
1D performance	-0.32%	-0.24%
AuM	$204.21 M	$1.58 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	40	50
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

91.99%

Other

8.01%

EWG

Germany

98.25%

Other

1.75%

Sectors

DAX

Industrials

35.24%

Finance

22.01%

Technology

15.57%

Other

27.18%

EWG

Industrials

30.13%

Finance

23.58%

Technology

16.4%

Other

29.88%

Diversification

DAX

Total weight of top 15 holdings out of 15

78.79%

EWG

Total weight of top 15 holdings out of 15

76.56%

Top 15 holdings

Data as of September 30, 2026

DAX

Siemens AG

11.71%

SAP SE

10.81%

Allianz SE

9.17%

Siemens Energy AG

7.11%

Airbus SE

6.49%

Deutsche Telekom AG

5.24%

Infineon Technologies AG

4.50%

Münchener Rückversicherungs-Gesellschaft AG

3.69%

Deutsche Bank AG

3.53%

Deutsche Post AG

3.12%

Deutsche Börse AG

3.09%

Bayer AG

2.73%

BASF SE

2.59%

Rheinmetall AG

2.59%

RWE AG

2.41%

EWG

Siemens AG

12.14%

SAP SE

11.46%

Allianz SE

9.64%

Siemens Energy AG

6.73%

Deutsche Telekom AG

5.40%

Infineon Technologies AG

4.73%

Münchener Rückversicherungs-Gesellschaft AG

3.88%

Deutsche Bank AG

3.34%

Deutsche Post AG

3.19%

Deutsche Börse AG

3.17%

Bayer AG

2.87%

Rheinmetall AG

2.73%

BASF SE

2.66%

RWE AG

2.32%

E.ON SE

2.31%

Frequently asked questions about DAX and EWG

DAXvsEWGETF Comparison

Global X DAX Germany ETF

iShares MSCI Germany ETF

DAX vs EWG performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the DAX and EWG ETFs performed in 2026?

As of November 2, 2026, DAX is up 0.61% year-to-date (YTD), while EWG has returned 1.25%. 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 -$67M in flows, compared to -$150M for EWG.

Which ETF is more volatile: DAX or EWG?

Over the past year, DAX had a volatility of 18.79%, while EWG experienced 18.7%.

Which ETF is bigger: DAX or EWG?

As of November 2, 2026, DAX holds $204.21 M in assets under management (AUM), while EWG manages $1.58 B.

What sectors do the DAX and EWG ETFs invest in?

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

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

DAX top holdings include Siemens AG, SAP SE and Allianz SE. EWG holds in its top three: Siemens AG, SAP SE and Allianz SE.

Which ETF is more diversified: DAX or EWG?

DAX holds 40 securities with 78.79% of its assets in the top 15. EWG has 51 securities and a top 15 weight of 76.56%.

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