iShares Core DAX UCITS ETF (DE)

ISIN DE0005933931 · WKN 593393 · EXS1 EU

The iShares Core DAX UCITS ETF (DE) is an exchange-traded index fund (ETF) from iShares that tracks the DAX index physically. With a total expense ratio (TER) of 0.16 % per year it is low-cost for its category. Income is automatically reinvested (accumulating); it trades as a Europe-domiciled UCITS fund. The fund spreads across 40 individual holdings – the largest currently Siemens N AG at 10.97 %. The full composition plus the sector and country breakdown are shown below.

Key facts

Data note 1

Tax (Germany)

Equity ETF: 30 % partial exemption (Teilfreistellung). Accumulating → Vorabpauschale advance tax applies. Details.

All 40 holdings

as of 2026-09-16

Top holdings

#	Stock	Ticker	Weight
1	Siemens N AG	SIE	10.97 %
2	SAP SE	SAP	10.83 %
3	Allianz SE	ALV	9.80 %
4	Airbus Group	AIR	6.64 %
5	Siemens Energy N AG	ENR	6.40 %
6	Deutsche Telekom N AG	DTE	5.73 %
7	Infineon Technologies AG	IFX	4.12 %
8	Munchener Ruckversicherungs-Gesellschaft AG	MUV2	3.73 %
9	Deutsche Bank Aktiengesellschaft	DBK	3.69 %
10	DHL N AG	DHL	3.03 %
11	Deutsche Boerse AG	DB1	2.96 %
12	Bayer AG	BAYN	2.76 %
13	Rheinmetall AG	RHM	2.71 %
14	BASF SE	BAS	2.67 %
15	E.on SE	EOAN	2.27 %
16	RWE AG	RWE	2.19 %
17	Mercedes-Benz Group N AG	MBG	1.87 %
18	Adidas N AG	ADS	1.49 %
19	Daimler Truck Holding E AG	DTG	1.30 %
20	Bayerische Motoren Werke AG	BMW	1.19 %
21	Fresenius SE & Co. KGaA	FRE	1.09 %
22	Heidelberg Materials AG	HEI	1.08 %
23	MTU Aero Engines Holding AG	MTX	1.05 %
24	Commerzbank AG	CBK	1.04 %
25	Merck KGaA	MRK	0.98 %
26	Volkswagen Non-Voting Pref AG	VOW3	0.93 %
27	Hannover Rueck SE	HNR1	0.88 %
28	Siemens Healthineers AG	SHL	0.82 %
29	Vonovia SE	VNA	0.75 %
30	Symrise AG	SY1	0.70 %
31	Henkel AG & Co. KGaA Pref	HEN3	0.64 %
32	GEA Group Aktiengesellschaft	G1A	0.54 %
33	Qiagen NV	QIA	0.44 %
34	Fresenius Medical Care AG	FME	0.44 %
35	Continental AG	CON	0.43 %
36	Brenntag SE	BNR	0.41 %
37	HOCHTIEF Aktiengesellschaft	HOT	0.39 %
38	Beiersdorf AG	BEI	0.38 %
39	Scout24 SE	G24	0.31 %
40	Zalando SE	ZAL	0.29 %

Data note 2

Changes in holdings

This compares the holdings list of Jul 31, 2026 with that of Sep 16, 2026: 0 names were added and 0 dropped out. Weights also shift without any buying or selling, because the prices of the holdings move differently.

Data note 3

Concentration since 2019

In EXS1, the ten largest holdings made up 65.9 % of the weights on Sep 30, 2019 and 65.0 % on Sep 16, 2026. The effective number of holdings restates the weights as a count of equally sized positions. It fell from 18 to 18 over this period, against 40 actual positions at the latest date.

Data note 4

NAV history

Net asset value per share in EUR, set once per trading day. It is not an exchange price. Distributions are not added back, so for distributing funds the value drops by the amount paid out on the distribution date.

Data note 5

Performance

Calculated from the fund's NAV history.

Data note 6

Correlated with

The strongest co-movers on top, the most inverse below. Low or negative values improve portfolio diversification.

Data note 7

Based on the underlying index DAX's own correlations — we don't have individual price series for UCITS ETFs.

Cost example

Worked example with €10,000 and 5 % growth per year before costs, which is an assumption and not a forecast: after 20 years EXS1 at a 0.16 % TER would come to about €25,700, and DBXD at 0.09 % to about €26,060. The gap is €110 after 10 years and €360 after 20. The TER does not cover every cost of a fund. How far an ETF actually trails its index shows up in the tracking difference, and the 2 funds also differ in distribution policy and replication method.

Data note 8

Alternative ETFs on the same index

• Xtrackers DAX UCITS ETF 1C · TER 0.09 % · 5.5 bn

Compared with other funds

How much this fund overlaps with others — the figure is the share of capital financing the same companies in both.

• EXS1 vs DBXD100 %
• EXS1 vs XDDA100 %
• EXS1 vs ZPRE29.4 %
• EXS1 vs IMEA15.5 %
• EXS1 vs X60014.7 %
• EXS1 vs XESU14.7 %

Data note 9