DAX or Euro STOXX 50? Comparison, Returns & Historical Performance
The two indices share 32.4 % of their weight across 18 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 | 38 | 43 |
| Volatility | 19.0 % | 19.0 % |
| 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 | 11.15 % | 4.43 % |
| SAP SE | 10.84 % | 4.31 % |
| Allianz SE | 9.78 % | 3.89 % |
| Siemens Energy N AG | 6.57 % | 2.61 % |
| Airbus Group | 6.56 % | 2.61 % |
| Deutsche Telekom N AG | 5.58 % | 2.22 % |
| Infineon Technologies AG | 4.05 % | 1.61 % |
| Deutsche Bank Aktiengesellschaft | 3.73 % | 1.48 % |
| Munchener Ruckversicherungs-Gesellschaft AG | 3.69 % | 1.47 % |
| DHL N AG | 3.05 % | 1.21 % |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDDA and XESC); of those we could attribute 97.9 % and 81.9 % of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 534 shared trading days.
The largest single holdings
DAX
Siemens N AG 11.15 %- SAP SE 10.84 %
Allianz SE 9.78 %
Siemens Energy N AG 6.57 %
Airbus Group 6.56 %- Deutsche Telekom N AG 5.58 %
Infineon Technologies AG 4.05 %- Deutsche Bank Aktiengesellschaft 3.73 %
Munchener Ruckversicherungs-Gesellschaft AG 3.69 %
DHL N AG 3.05 %
Euro STOXX 50
- ASML Holding NV 8.58 %
- Siemens N AG 4.43 %
- Banco Santander 4.31 %
- SAP SE 4.31 %
TotalEnergies SE 4.11 %- Allianz SE 3.89 %
- Schneider Electric SE 3.75 %
Banco Bilbao Vizcaya Argentaria S.A. 3.21 %
Iberdrola SA 2.92 %
UniCredit S.p.A. 2.86 %
More comparisons with these indices
| Comparison | Overlap |
|---|---|
| MSCI Europe vs Euro STOXX 50 | 30 % |
| MSCI Europe vs DAX | 14 % |
| DAX vs STOXX Europe 600 | 13 % |
| MSCI World vs DAX | 2 % |
| S&P 500 vs Euro STOXX 50 | 0 % |
In the Alysly network
How DAX connects to ETFs, indices and neighbouring names — every link is a measured relation, not a recommendation.
- Airbus Group Stock · contains
- Allianz Stock · contains
- Deutsche Bank Aktiengesellschaft Stock · contains
- Deutsche Telekom N Stock · contains
- DHL N Stock · contains
- Infineon Technologies Stock · contains
- Munchener Ruckversicherungs-Gesellschaft Stock · contains
- SAP Stock · contains
- Siemens N Stock · contains
- Siemens Energy N Stock · contains
- EXS1 ETF · tracks
- DBXD ETF · tracks
- XDDA ETF · tracks