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EWGvsDAXETF Comparison

ETF 1

EWG

iShares MSCI Germany ETF

This fund is part of

Europe Blended Cap

-0.48%

Full EWG fund page

VS

ETF 2

DAX

Global X DAX Germany ETF

This fund is part of

Europe Blended Cap

-0.48%

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, Finance and Technology. EWG is more expensive with a Total Expense Ratio (TER) of 0.49%, versus 0.2% for DAX. EWG is up 1.66% year-to-date (YTD) with -$148M in YTD flows. DAX performs better with 1.94% YTD performance, and -$55M 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 09/16/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	EWG DAX	-3.60%-3.47%	+1.34%+1.85%	+1.66%+1.94%	+4.44%+5.96%	+65.66%+72.26%	+39.21%+55.40%
Flows	EWG DAX	-$62M-$9M	+$103M-$29M	-$148M-$55M	-$738M-$91M	-$433M+$115M	-$1.13B+$126M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	EWG DAX	+14.55%+14.69%	+18.36%+18.34%	+17.62%+17.91%	+20.73%+21.14%
Max drawdown	EWG DAX	-5.08%-5.04%	-14.75%-14.05%	-15.13%-15.41%	-41.46%-37.58%
Max drawdown duration	EWG DAX	20d17d	158d166d	37d42d	923d836d

Trading data

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	EWG	DAX
Last sale 9/17/2026 at 4:45 PM	$42.78	$45.33
Previous close 09/16/2026	$42.43	$45.44
Consolidated volume 09/16/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of August 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 9/17/2026 at 4:45 PM

Live

Closed

	EWG	DAX
Last price	$42.78	$45.33
1D performance	+0.82%	-0.25%
AuM	$1.59 B	$220.14 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	52	40
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

99.41%

Other

0.59%

DAX

Germany

92.38%

Netherlands

7.62%

Other

-0%

Sectors

EWG

Industrials

30.79%

Finance

23.6%

Technology

14.72%

Healthcare

7.04%

Other

23.86%

DAX

Industrials

35.53%

Finance

22.34%

Technology

13.93%

Other

28.21%

Diversification

EWG

Total weight of top 15 holdings out of 15

75.09%

DAX

Total weight of top 15 holdings out of 15

77.47%

Top 15 holdings

Data as of July 31, 2026

EWG

Siemens AG

12.33%

Allianz SE

9.69%

SAP SE

9.61%

Siemens Energy AG

6.69%

Deutsche Telekom AG

5.49%

Infineon Technologies AG

4.59%

Münchener Rückversicherungs-Gesellschaft AG

4.03%

Deutsche Bank AG

3.41%

Deutsche Post AG

3.14%

Rheinmetall AG

3.13%

Deutsche Börse AG

2.83%

Bayer AG

2.81%

BASF SE

2.70%

E.ON SE

2.49%

RWE AG

2.13%

DAX

Siemens AG

11.48%

Allianz SE

9.47%

SAP SE

9.27%

Airbus SE

7.18%

Siemens Energy AG

6.46%

Deutsche Telekom AG

5.50%

Infineon Technologies AG

4.34%

Münchener Rückversicherungs-Gesellschaft AG

3.85%

Deutsche Bank AG

3.40%

Deutsche Post AG

3.12%

Rheinmetall AG

2.92%

Deutsche Börse AG

2.85%

Bayer AG

2.66%

BASF SE

2.52%

E.ON SE

2.45%

Frequently asked questions about EWG and DAX

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 September 16, 2026, EWG is up 1.66% year-to-date (YTD), while DAX has returned 1.94%. That puts DAX better performer ahead so far this year.

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

Year-to-date, the EWG ETF saw -$148M in flows, compared to -$55M for DAX.

Which ETF is more volatile: EWG or DAX?

Over the past year, EWG had a volatility of 18.36%, while DAX experienced 18.34%.

Which ETF is bigger: EWG or DAX?

As of September 16, 2026, EWG holds $1.59 B in assets under management (AUM), while DAX manages $220.14 M.

What sectors do the EWG and DAX ETFs invest in?

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

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

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

Which ETF is more diversified: EWG or DAX?

EWG holds 53 securities with 75.09% of its assets in the top 15. DAX has 40 securities and a top 15 weight of 77.47%.

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