DAX or STOXX Europe 600? Returns Compared
The two indices share 12.8% of their weight across 38 companies, and their daily returns correlate at 0.00. Partly the same companies at noticeably different weights — the second index shifts the emphasis rather than doubling up.
Side by Side
| DAX | STOXX Europe 600 | |
|---|---|---|
| Holdings covered | 38 | 548 |
| Volatility | 18.9% | – |
| Max drawdown | -16.0% | – |
| Cheapest ETF we cover | DBXD · 0.09% | EXSA · 0.20% |
The Largest Shared Positions
| Company | DAX | STOXX Europe 600 |
|---|---|---|
| Siemens N AG | 11.73% | 1.54% |
| SAP SE | 10.73% | 1.41% |
| Allianz SE | 9.25% | 1.21% |
| Siemens Energy N AG | 7.05% | 0.87% |
| Airbus Group | 6.50% | 0.85% |
| Deutsche Telekom N AG | 5.37% | 0.70% |
| Infineon Technologies AG | 4.25% | 0.56% |
| Munchener Ruckversicherungs-Gesellschaft AG | 3.72% | 0.49% |
| Deutsche Bank Aktiengesellschaft | 3.48% | 0.46% |
| DHL N AG | 3.11% | 0.41% |
Overlap and shared positions are computed from the holdings of one representative ETF each (XDDA and XSX7); of those we could attribute 97.9% and 86.9% of fund weight to individual companies, so real overlap is likely a little higher. The correlation covers 0 shared trading days.
The Largest Single Holdings
DAX
Siemens N AG 11.73%- SAP SE 10.73%
Allianz SE 9.25%
Siemens Energy N AG 7.05%
Airbus Group 6.50%- Deutsche Telekom N AG 5.37%
Infineon Technologies AG 4.25%
Munchener Ruckversicherungs-Gesellschaft AG 3.72%- Deutsche Bank Aktiengesellschaft 3.48%
DHL N AG 3.11%
STOXX Europe 600
- ASML Holding NV 4.45%
- HSBC Holdings plc 2.27%
- Roche PS Par AG 2.02%
- Novartis AG 1.81%
- Shell Plc 1.75%
Astrazeneca plc 1.70%
Nestle S.A. 1.58%- Siemens N AG 1.54%
- Banco Santander 1.42%
- SAP SE 1.41%
More Comparisons With These Indices
| Comparison | Overlap |
|---|---|
| MSCI Europe vs STOXX Europe 600 | 79% |
| DAX vs Euro STOXX 50 | 31% |
| MSCI Europe vs DAX | 14% |
| MSCI World vs STOXX Europe 600 | 13% |
| MSCI World vs DAX | 2% |
| S&P 500 vs STOXX Europe 600 | 0% |
In the Alysly Network
The map shows how DAX connects to ETFs, indices and other names. Each link is based on measured data and is 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