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EWGvsDAXETF Comparison

ETF 1

EWG

iShares MSCI Germany ETF

This fund is part of

Europe Blended Cap

-0.28%

Full EWG fund page

VS

ETF 2

DAX

Global X DAX Germany ETF

This fund is part of

Europe Blended Cap

-0.28%

Full DAX fund page

iShares MSCI Germany ETF (EWG) and Global X DAX Germany ETF (DAX) belong to the same industry segment: Europe Blended Cap. Both ETFs have the same top 3 sector exposures: Industrials, Financials and Information Technology. EWG is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.2% for DAX. EWG is down -1.04% year-to-date (YTD) with -$289M in YTD flows. DAX performs worse with -2.46% YTD performance, and -$10M in YTD flows. Run a side-by-side ETF comparison of EWG and DAX 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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EWG vs DAX 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 04/27/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWG DAX	+10.36%+8.56%	-5.37%-5.35%	-1.04%-2.46%	+7.92%+10.23%	+53.53%+56.78%	+35.53%+47.63%
Flows	EWG DAX	-$106M-$8M	-$263M-$10M	-$289M-$10M	-$817M+$18M	-$714M+$157M	-$1.30B+$179M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWG DAX	+23.91%+26.61%	+17.11%+17.78%	+17.16%+17.75%	+20.45%+21.05%
Max drawdown	EWG DAX	-14.75%-14.05%	-14.75%-14.05%	-15.74%-15.41%	-43.31%-39.32%
Max drawdown duration	EWG DAX	60d69d	60d69d	136d42d	1199d1003d

Trading data

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	EWG	DAX
Last sale 4/29/2026 at 7:29 PM	$41.34	$44.06
Previous close 04/28/2026	$41.89	$44.44
Consolidated volume 04/28/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of March 31, 2026

1-year trailing difference

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

Main metrics

Last update 4/29/2026 at 7:29 PM

Live

Closed

	EWG	DAX
Last price	$41.34	$44.06
1D performance	-1.31%	-0.86%
AuM	$1.44 B	$258.91 M
E/R	0.49%	0.2%

Characteristics

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

More EWG data on Trackinsight

More DAX data on Trackinsight

Exposure

Countries

EWG

Germany

99.39%

Other

0.61%

DAX

Germany

93.04%

Other

6.96%

Sectors

EWG

Industrials

28.67%

Financials

21.96%

Information Techn.

13.14%

Communication Ser.

7.98%

Consumer Discreti.

7.89%

Other

20.37%

DAX

Industrials

26.58%

Financials

21.18%

Information Techn.

12.51%

Communication Ser.

7.46%

Consumer Discreti.

7.36%

Other

24.91%

Diversification

EWG

Total weight of top 15 holdings out of 15

73.75%

DAX

Total weight of top 15 holdings out of 15

72.23%

Top 15 holdings

Data as of March 31, 2026

EWG

SIEMENS

9.93%

SAP SE

9.75%

ALLIANZ SE

8.69%

DEUTSCHE TELEKOM AG

7.47%

SIEMENS ENERGY AG

7.01%

MUNICH RE

4.48%

RHEINMETALL

4.22%

INFINEON TECHNOLOGIES

3.15%

DEUTSCHE BOERSE AG

3.00%

BASF SE

2.97%

DEUTSCHE BANK

2.90%

E.ON

2.70%

DEUTSCHE POST

2.62%

BAYER AG

2.46%

MERCEDES-BENZ GROUP AG

2.40%

DAX

SIEMENS

9.50%

SAP SE

9.44%

ALLIANZ SE

8.56%

DEUTSCHE TELEKOM AG

7.15%

SIEMENS ENERGY AG

6.92%

MUNICH RE

4.40%

RHEINMETALL

4.13%

INFINEON TECHNOLOGIES

3.07%

DEUTSCHE BANK

3.01%

BASF SE

2.98%

DEUTSCHE BOERSE AG

2.88%

E.ON

2.68%

DEUTSCHE POST

2.67%

BAYER AG

2.42%

RWE ST

2.41%

Frequently asked questions about EWG and DAX

How have the EWG and DAX ETFs performed in 2026?

As of April 27, 2026, EWG is down -1.04% year-to-date (YTD), while DAX has lost -2.46%. That puts EWG better performer ahead so far this year.

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

Year-to-date, the EWG ETF saw -$289M in flows, compared to -$10M for DAX.

Which ETF is more volatile: EWG or DAX?

Over the past year, EWG had a volatility of 17.11%, while DAX experienced 17.78%.

Which ETF is bigger: EWG or DAX?

As of April 27, 2026, EWG holds $1.44 B in assets under management (AUM), while DAX manages $258.91 M.

What sectors do the EWG and DAX ETFs invest in?

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

EWGvsDAXETF Comparison

iShares MSCI Germany ETF

Global X DAX Germany ETF

EWG vs DAX 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 EWG and DAX ETFs performed in 2026?

As of April 27, 2026, EWG is down -1.04% year-to-date (YTD), while DAX has lost -2.46%. That puts EWG better performer ahead so far this year.

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

Year-to-date, the EWG ETF saw -$289M in flows, compared to -$10M for DAX.

Which ETF is more volatile: EWG or DAX?

Over the past year, EWG had a volatility of 17.11%, while DAX experienced 17.78%.

Which ETF is bigger: EWG or DAX?

As of April 27, 2026, EWG holds $1.44 B in assets under management (AUM), while DAX manages $258.91 M.

What sectors do the EWG and DAX ETFs invest in?

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

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

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

Which ETF is more diversified: EWG or DAX?

EWG holds 55 securities with 73.75% of its assets in the top 15. DAX has 38 securities and a top 15 weight of 72.23%.

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