Global X DAX Germany ETF (DAX) is a Europe-focused ETF. As of October 9, 2026, ETF Copilot scores DAX 3.8 out of 10 — highest on Growth (5.8), lowest on Value (1.7). It trades at 16.3 times earnings, against its own median of 14.8. Its ten largest holdings are 66% of the fund.
What stands out in DAX's data
German blue-chip stocks, anchored by industrial and auto names.
Trades at a richer price than most European peers — you pay more for the same earnings.
Its trailing EBITDA multiple of 12.0x sits in the priciest 10% of its category, above the 10.3x median. Profitability runs below average, with a 20.2% EBITDA margin.
A single-country position on Germany's industrial exporters — direct exposure to Europe's largest economy.
Why did DAX move this week? It fell 1.0% in the week to October 9, 2026 — Deutsche Telekom and Siemens drove it
DAX fell 1.0% in the week to October 9, 2026. The holdings that moved it most were Deutsche Telekom (−7.3%), Siemens (−1.7%) and Airbus (−1.5%); SAP (+3.8%) pushed the other way.
How is DAX rated? ETF Copilot scores Global X DAX Germany ETF (DAX) 3.8 out of 10
As of October 9, 2026, ETF Copilot scores Global X DAX Germany ETF (DAX) 3.8 out of 10 overall.
ETF Copilot scores (0–10 scale, higher is better):
- Overall: 3.8 / 10
- Growth: 5.8 / 10
- Value: 1.7 / 10
- Risk: 3.1 / 10
- Quality: 3.8 / 10
- Return: 3.7 / 10
Is DAX expensive right now? It trades at 16.3 times earnings, against its own median of 14.8
As of October 9, 2026, DAX is more expensive than 69% of its own last 9 years.
Trailing 12 months, built from DAX's holdings. How we calculate this →
What's inside DAX? 15% Tech
What's inside DAX: Size (Large 92%, Mid 8%, Small 0%); Geography (International 100%, US 0%); Tech 15.4%; AI 2.3%; Semiconductors 4.5%; Memory 4.5%.
What are DAX's top holdings? The ten largest are 66% of the fund
Siemens, SAP SE, Allianz SE, Siemens Energy, Airbus SE, Deutsche Telekom, Infineon Technologies, Muenchener Rueckver, Deutsche Bank AG Registered and Deutsche Boerse are DAX's largest holdings, in that order.
More concentrated than 70% of Europe ETFs.
Half of DAX's weight sits in its 6 largest positions, and once those weights are taken into account it behaves like 18 equally weighted holdings.
What is DAX's expense ratio? 0.20% a year
As of October 9, 2026, DAX charges 0.20% a year, yields 2.15% and holds $208M in assets across 41 positions.
| Measure | DAX |
|---|---|
| Expense ratio | 0.20% |
| Dividend yield | 2.15% |
| Assets under management | $208M |
| Holdings | 41 |
Expense ratio, dividend yield and assets under management are reported by the fund and refreshed daily. Every other figure on this page is computed by ETF Copilot.
Cite this
ETF Copilot, “Global X DAX Germany ETF (DAX) scores and holdings analysis”, as of October 9, 2026.
https://etf-copilot.com/etf/dax
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