DAX or Euro STOXX 50?
The two indices share 25.9 % of their weight across 16 companies, and their daily returns correlate at 0.92. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by side
| DAX | Euro STOXX 50 | |
|---|---|---|
| Holdings covered | 34 | 40 |
| Volatility | 19.3 % | 19.4 % |
| Max drawdown | -16.0 % | -16.1 % |
| Cheapest ETF we cover | DBXD · 0.09 % | – |
The largest shared positions
| Company | DAX | Euro STOXX 50 |
|---|---|---|
| Siemens N AG | 11.24 % | 4.42 % |
| Allianz SE | 9.40 % | 3.70 % |
| Airbus Group | 7.01 % | 2.76 % |
| Siemens Energy N AG | 7.01 % | 2.76 % |
| Infineon Technologies AG | 4.42 % | 1.74 % |
| Munchener Ruckversicherungs-Gesellschaft AG | 3.72 % | 1.46 % |
| Deutsche Bank Aktiengesellschaft | 3.50 % | 1.38 % |
| Rheinmetall AG | 3.03 % | 1.19 % |
| Deutsche Post AG | 2.93 % | 1.15 % |
| Deutsche Boerse AG | 2.81 % | 1.11 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (DBXD and XESX); of those we could attribute 81.2 % and 66.8 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 504 shared trading days.