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 SAP SE at 11.76%. The full composition plus the sector and country breakdown are shown below; it is one of 104 ETFs we cover.
The ten largest holdings make up 64.9% of the fund, out of 40 in total. The largest sector is Industrials at 33.7% (as of Oct 29, 2026).
Alysly Data Analysis: EXS1
Data Points
The map shows how EXS1 connects to ETFs, indices and other names. Each link is based on measured data and is not a recommendation.
- Airbus Group Stock · holds
- Allianz Stock · holds
- Deutsche Telekom N Stock · holds
- Infineon Technologies Stock · holds
- Munchener Ruckversicherungs-Gesellschaft Stock · holds
- SAP Stock · holds
- Siemens N Stock · holds
- Siemens Energy N Stock · holds
- X600 ETF · overlaps with
- XESU ETF · overlaps with
- IMEA ETF · overlaps with
- ZPRE ETF · overlaps with
- DBXD ETF · overlaps with
- XDDA ETF · overlaps with
- DAX Index · tracks
All 40 Holdings
as of Oct 29, 2026
Siemens N AG
Allianz SE
Siemens Energy N AG
Airbus Group
Munchener Ruckversicherungs-Gesellschaft AG
Infineon Technologies AG
DHL N AG
Rheinmetall AG
BASF SE
Bayer AG
E.on SE
RWE AG
Mercedes-Benz Group N AG
Daimler Truck Holding E AG
Fresenius SE & Co. KGaA
Bayerische Motoren Werke AG
Hannover Rueck SE
Siemens Healthineers AG
Volkswagen Non-Voting Pref AG
Henkel AG & Co. KGaA Pref
Vonovia SE
HOCHTIEF Aktiengesellschaft
Zalando SETop Sectors
Geographic Breakdown
Holdings lists from our database since Sep 30, 2019, 86 reporting dates.
Changes in Holdings
This compares the holdings list of Sep 30, 2026 with that of Oct 29, 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.
Weight Up
- SAP SE · 11.76% (+0.96 pp)
- Muenchener Rueckversicherungs-Gese · 3.96% (+0.27 pp)
- Deutsche Boerse AG · 3.29% (+0.21 pp)
- Allianz SE · 9.36% (+0.20 pp)
- E.on SE · 2.38% (+0.19 pp)
Weight Down
- Infineon Technologies AG · 3.95% (-0.55 pp)
- Siemens Energy N AG · 6.57% (-0.53 pp)
- Siemens N AG · 11.25% (-0.45 pp)
- Deutsche Telekom N AG · 4.97% (-0.26 pp)
- Deutsche Bank Aktiengesellschaft · 3.33% (-0.19 pp)
Weighting Since 2019
In iShares Core DAX (EXS1), the ten largest holdings accounted for 65.9% of the fund's total weight on Sep 30, 2019; on Oct 29, 2026, it was 64.9%. The effective number of holdings shows how many equally weighted positions the actual weights amount to: the more uneven the weights, the lower the number. It fell from 18 to 17 over this period, while the fund most recently held 40 actual positions.
| As of | Positions | Top 10 | Effective holdings |
|---|---|---|---|
| Dec 31, 2019 | 30 | 66.5% | 18 |
| Dec 31, 2020 | 30 | 63.7% | 19 |
| Dec 31, 2021 | 40 | 57.9% | 22 |
| Dec 30, 2022 | 40 | 60.1% | 21 |
| Dec 29, 2023 | 40 | 60.1% | 21 |
| Dec 31, 2024 | 40 | 63.3% | 17 |
| Dec 31, 2025 | 40 | 64.6% | 18 |
| Oct 29, 2026 | 40 | 64.9% | 17 |
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 DBXD100.0%
- EXS1 vs XDDA100.0%
- EXS1 vs ZPRE30.0%
- EXS1 vs IMEA15.3%
- EXS1 vs X60014.6%
- EXS1 vs XESU14.6%
Data and Charts: EXS1
Effective means the number of equally weighted holdings that would produce the same spread as this fund's 40 counted positions.
Key Facts
| Reference index | DAX Index (TR) |
|---|---|
| Base currency | EUR |
| Domicile | Germany |
| Fund size | €7.5B |
| Distribution | Accumulating |
| Product structure | Physical |
NAV History
The chart shows net asset value per share and is set to the current year by default. The NAV is up 4.9% year to date and up 6.5% over twelve months. The last recorded close on October 30, 2026, was at 82% of the 52-week range.
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.
Net asset values from our database since Dec 27, 2000, 6,555 daily values.
Performance
Calculated from the fund's NAV history.
| Trailing (1Y) | +6.5% | Year to date | +4.9% |
|---|---|---|---|
| Calendar year 2001 | -19.9% | ||
| Calendar year 2002 | -44.5% | ||
| Calendar year 2003 | +35.8% | ||
| Calendar year 2004 | +6.4% | ||
| Calendar year 2005 | +26.2% | ||
| Calendar year 2006 | +21.5% | ||
| Calendar year 2007 | +21.4% | ||
| Calendar year 2008 | -40.9% | ||
| Calendar year 2009 | +22.2% | ||
| Calendar year 2010 | +15.1% | ||
| Calendar year 2011 | -15.4% | ||
| Calendar year 2012 | +27.4% | ||
| Calendar year 2013 | +24.3% | ||
| Calendar year 2014 | +1.9% | ||
| Calendar year 2015 | +8.7% | ||
| Calendar year 2016 | +5.9% | ||
| Calendar year 2017 | +11.8% | ||
| Calendar year 2018 | -19.0% | ||
| Calendar year 2019 | +24.8% | ||
| Calendar year 2020 | +3.0% | ||
| Calendar year 2021 | +15.2% | ||
| Calendar year 2022 | -12.9% | ||
| Calendar year 2023 | +19.5% | ||
| Calendar year 2024 | +18.2% | ||
| Calendar year 2025 | +22.4% |
Published Fund Performance
| 1 year annualized | +4.98% |
|---|---|
| 3 years annualized | +17.25% |
| 5 years annualized | +9.92% |
| 10 years annualized | +8.58% |
Periods of one year or longer are annualized, as of Sep 30, 2026.
Fundamental Analysis: EXS1
Tax (Germany)
Equity ETF: 30% partial exemption (Teilfreistellung). Accumulating → Vorabpauschale advance tax applies. Details.
Cost Example
Worked example, not a forecast: €10,000 and an assumed 5% growth per year before costs. After 20 years, EXS1 (TER 0.16%) would come to about €25,700 and DBXD (TER 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. The 2 funds also differ in distribution policy and replication method.
Technical Analysis: EXS1
Correlated With
| Instrument | r | −1 … +1 |
|---|---|---|
| Euro STOXX 50 | +0.86 | |
| MSCI Europe | +0.86 | |
| MSCI EMU | +0.83 | |
| MSCI World ex USA | +0.83 | |
| Dow Jones | +0.68 | |
| MSCI World | +0.67 | |
| Heating oil | -0.44 | |
| Brent crude oil | -0.43 | |
| WTI crude oil | -0.40 |
The strongest co-movers are listed at the top, the strongest inverse movers at the bottom. Low or negative correlations can help spread risk more broadly across a portfolio.
Based on the underlying index DAX's own correlations — we don't have individual price series for UCITS ETFs.
Alternative ETFs on the Same Index
- Xtrackers DAX UCITS ETF 1C · TER 0.09% · 5.5 B