New

Keep tabs on your favorite ETFs with a personalized weekly tracker. Create a Watchlist now →

Advertisement
ETF Central logo
Advertisement

EWGvsDAXETF Comparison

ETF 1
EWG

iShares MSCI Germany ETF

This fund is part of
Europe Blended Cap
-1.2%
Full EWG fund page
VS
ETF 2
DAX

Global X DAX Germany ETF

This fund is part of
Europe Blended Cap
-1.2%
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 -6.14% year-to-date (YTD) with -$64M in YTD flows. DAX performs worse with -6.79% YTD performance, and +$9M 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.

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

EWG vs DAX performance and flow charts

Performance

-10.0-8.0-6.0-4.0-2.00.02.0%Feb 13Feb 23Mar 2Mar 9

Cumulative Flows

-40 M-30 M-20 M-10 M0 MFeb 13Feb 23Mar 2Mar 9

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.

Historic performance and flows
Data as of 03/13/2026
1M3MYTD1Y3Y5Y
Perf.
EWG
DAX
-9.47%-9.13%
-5.13%-5.94%
-6.14%-6.79%
+7.68%+8.87%
+58.61%+63.83%
+37.23%+51.18%
Flows
EWG
DAX
-$38M+$3M
-$64M+$9M
-$64M+$9M
+$138M+$102M
-$453M+$177M
-$972M+$198M
Volatility and drawdown
3M1Y3Y5Y
Volatility
EWG
DAX
+15.45%+19.33%
+18.79%+19.05%
+16.67%+17.46%
+20.08%+20.67%
Max drawdown
EWG
DAX
-10.77%-10.23%
-15.13%-15.41%
-15.74%-15.41%
-43.31%-39.32%
Max drawdown duration
EWG
DAX
15d23d
37d42d
136d42d
1199d1003d
Trading data

Create an account to view trading data

Join for free
EWG
DAX
Last sale
3/13/2026 at 1:30 PM
$39.84
$42.36
Previous close
03/12/2026
$40.34
$43.02
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 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
EWG
DAX
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Advertisement
Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
EWG
DAX
Last price
$39.84
$42.36
1D performance
-1.24%
-1.53%
AuM$1.59 B$266.14 M
E/R0.49%0.2%
Characteristics
EWG
DAX
Management strategyPassivePassive
ProvideriSharesGlobal X
BenchmarkMSCI Germany IndexDAX Index
N° of holdings5338
Asset classEquitiesEquities
Trailing 12m distribution yield
Join
Join
Inception dateMarch 12, 1996October 22, 2014
ESGNoNo
Advertisement
Exposure

Countries

EWG
Germany
99.25%
Other
0.75%
DAX
Germany
92.34%
Other
7.66%

Sectors

EWG
Industrials
30.47%
Financials
21.06%
Information Techn.
13.68%
Consumer Discreti.
8.27%
Other
26.52%
DAX
Industrials
28.13%
Financials
20.12%
Information Techn.
13.48%
Consumer Discreti.
7.53%
Other
30.75%
Advertisement

Diversification

EWG

Total weight of top 15 holdings out of 15

73.22%
DAX

Total weight of top 15 holdings out of 15

71.4%

Top 15 holdings

Data as of January 31, 2026
EWG
SIEMENS
11.53%
SAP SE
10.19%
ALLIANZ SE
8.45%
SIEMENS ENERGY AG
6.57%
DEUTSCHE TELEKOM AG
5.99%
RHEINMETALL
4.90%
MUNICH RE
3.95%
DEUTSCHE BANK
3.56%
INFINEON TECHNOLOGIES
3.24%
DEUTSCHE POST
2.67%
BAYER AG
2.56%
MERCEDES-BENZ GROUP AG
2.45%
BASF SE
2.43%
E.ON
2.37%
DEUTSCHE BOERSE AG
2.34%
DAX
SIEMENS
11.12%
SAP SE
10.33%
ALLIANZ SE
8.12%
SIEMENS ENERGY AG
6.39%
DEUTSCHE TELEKOM AG
5.59%
RHEINMETALL
4.77%
MUNICH RE
3.85%
DEUTSCHE BANK
3.65%
INFINEON TECHNOLOGIES
3.15%
DEUTSCHE POST
2.57%
BAYER AG
2.50%
MERCEDES-BENZ GROUP AG
2.38%
BASF SE
2.37%
E.ON
2.31%
DEUTSCHE BOERSE AG
2.28%
Frequently asked questions about EWG and DAX

How have the EWG and DAX ETFs performed in 2026?

As of March 13, 2026, EWG is down -6.14% year-to-date (YTD), while DAX has lost -6.79%. 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 -$64M in flows, compared to +$9M for DAX.

Which ETF is more volatile: EWG or DAX?

Over the past year, EWG had a volatility of 18.79%, while DAX experienced 19.05%.

Which ETF is bigger: EWG or DAX?

As of March 13, 2026, EWG holds $1.59 B in assets under management (AUM), while DAX manages $266.14 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 73.22% of its assets in the top 15. DAX has 38 securities and a top 15 weight of 71.4%.

Advertisement
Advertisement
Advertisement
ETF Comparison Tool

Have you tried our ETF Compare tool?

Compare ETFs like a pro. Analyze fees, performance, exposure & holdings side-by-side.