DAX Index
The DAX comprises the 40 largest and most liquid companies on the Frankfurt Stock Exchange. It is a performance index – dividends are notionally reinvested.
The ten largest holdings make up 65.7% of the DAX, out of 40 holdings in total; the largest sector is Industrials at 27.9% (as of Oct 11, 2026).
Composition – 40 Largest Holdings
Based on: Xtrackers DAX UCITS ETF 1d · as of Oct 11, 2026 · 40 holdings
| # | Stock | Ticker | Sector | Country | Weight |
|---|---|---|---|---|---|
| 1 |  Siemens N AG | SIE | Industrials | Germany | 11.41% |
| 2 | SAP SE | SAP | Technology | Germany | 10.91% |
| 3 |  Allianz SE | ALV | Financial Services | Germany | 9.25% |
| 4 |  Siemens Energy N AG | ENR | Energy | Germany | 7.22% |
| 5 |  Airbus Group | AIR | Industrials | France | 6.48% |
| 6 | Deutsche Telekom N AG | DTE | Telecommunications | Germany | 5.46% |
| 7 |  Infineon Technologies AG | IFX | Technology | Germany | 4.52% |
| 8 |  Munchener Ruckversicherungs-Gesellschaft AG | MUV2 | Financial Services | Germany | 3.87% |
| 9 | Deutsche Bank Aktiengesellschaft | DBK | Financial Services | Germany | 3.33% |
| 10 | Deutsche Boerse AG | DB1 | Financial Services | Germany | 3.21% |
Show holdings 11 to 40
DHL N AG 3.06%
BASF SE 2.72%
Rheinmetall AG 2.57%
Bayer AG 2.46%
RWE AG 2.37%
E.on SE 2.24%
Mercedes-Benz Group N AG 1.65%- Adidas N AG 1.55%
Daimler Truck Holding E AG 1.24%- MTU Aero Engines Holding AG 1.09%
- Heidelberg Materials AG 1.03%
- Merck KGaA 1.03%
Bayerische Motoren Werke AG 1.03%
Fresenius SE & Co. KGaA 1.01%
Hannover Rueck SE 0.93%- Commerzbank AG 0.89%
Siemens Healthineers AG 0.84%
Volkswagen Non-Voting Pref AG 0.81%- Symrise AG 0.71%
Vonovia SE 0.70%
Henkel AG & Co. KGaA Pref 0.66%- GEA Group Aktiengesellschaft 0.60%
- Qiagen NV 0.48%
- Fresenius Medical Care AG 0.44%
- Continental AG 0.43%
- Brenntag SE 0.42%
- Beiersdorf AG 0.40%
HOCHTIEF Aktiengesellschaft 0.40%
Zalando SE 0.30%- Scout24 SE 0.29%
Sectors
Countries
Weighting Since 2019
Measured by iShares Core DAX (EXS1), a fund tracking this index, the ten largest holdings accounted for 65.9% of the fund's total weight on Sep 30, 2019; on Oct 8, 2026 it was 65.7%. 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 8, 2026 | 40 | 65.7% | 17 |
DAX Price Chart
The chart shows daily closing prices and is set to the current year by default. The price is down 4.4% year to date and down 3.7% over twelve months. The last recorded close on October 9, 2026 was at 43% of the 52-week range.
Price series from our database since Jul 11, 2024, 565 daily values.
DAX Performance
| Year to date | -4.4% | 1 month | -5.1% |
|---|---|---|---|
| 3 months | -1.8% | 1 year | -3.7% |
| Calendar year 2025 | +36.9% |
DAX Index Funds and ETFs
ETFs Tracking This Index
- EXS1 EU iShares Core DAX UCITS ETF (DE) · TER 0.16% · 7,500 m largest
- DBXD EU Xtrackers DAX UCITS ETF 1C · TER 0.09% · 5,500 m cheapest
- XDDA EU Xtrackers DAX UCITS ETF 1d
Next Events
Technical Analysis: DAX
Risk Metrics
Correlations (90 Trading Days)
| Instrument | r | −1 … +1 |
|---|---|---|
| Euro STOXX 50 | +0.86 | |
| MSCI Europe | +0.84 | |
| MSCI EMU | +0.81 | |
| Heating oil | -0.43 | |
| Brent crude oil | -0.40 | |
| WTI crude oil | -0.39 |
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.
