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Global X DAX Germany ETF (DAX)
Look-through valuation · Core UCITS · Expense ratio 0.20 % · ISIN US37954Y4917
Price history (since 2014)
Monthly close since 2014. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Siemens Aktiengesellschaft SIE | 11.7 % | −49.7 % | 59 |
| SAP SE SAP | 10.6 % | −8.0 % | 81 |
| Allianz SE VNA O.N. ALV | 9.5 % | −41.1 % | 63 |
| Siemens Energy AG ENR | 6.7 % | −72.4 % | 59 |
| Airbus Group SE AIR | 6.6 % | n/a | n/a |
| Deutsche Telekom AG DTE | 5.4 % | −13.8 % | 56 |
| Infineon Technologies AG IFX | 4.1 % | −70.1 % | 58 |
| Deutsche Bank Aktiengesellschaft DBK | 3.7 % | n/a | n/a |
| Münchener Rück AG MUV2 | 3.6 % | −12.3 % | 52 |
| Deutsche Börse AG DB1 | 3.0 % | −49.8 % | 61 |
| Rheinmetall AG RHM | 3.0 % | n/a | n/a |
| Deutsche Post AG DHL | 2.9 % | −4.3 % | 63 |
| Bayer AG NA BAYN | 2.6 % | +7.9 % | 46 |
| BASF SE BAS | 2.6 % | −24.0 % | 53 |
| E.ON SE EOAN | 2.2 % | −33.9 % | 39 |
| RWE AG RWE | 2.1 % | −4.8 % | 39 |
| Mercedes-Benz Group AG MBG | 1.9 % | +126.0 % | 55 |
| adidas AG ADS | 1.5 % | −22.0 % | 62 |
| Daimler Truck Holding AG DTG | 1.3 % | n/a | n/a |
| Heidelberg Materials AG HEI | 1.2 % | n/a | n/a |
| Bayerische Motoren Werke Aktiengesellschaft BMW | 1.2 % | +129.4 % | 51 |
| MTU Aero Engines AG MTX | 1.1 % | −11.0 % | 64 |
| Fresenius SE & Co. KGaA FRE | 1.0 % | −28.2 % | 57 |
| Commerzbank AG CBK | 1.0 % | −13.2 % | 66 |
| MERCK Kommanditgesellschaft auf Aktien 0O14 | 1.0 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 40 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 CHIU Global X MSCI China Utilities ETF +65.0 % below FV
- 2 CHIQ Global X MSCI China Consumer Disc ETF +52.7 % below FV
- 3 FXI iShares China Large-Cap ETF +50.2 % below FV
- 4 KWEB KraneShares CSI China Internet ETF +41.6 % below FV
- 5 FLCH Franklin FTSE China ETF +35.2 % below FV
- 6 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +31.1 % below FV
- 7 MCHI iShares MSCI China ETF +26.7 % below FV
- 8 TAN Invesco Solar ETF +17.7 % below FV
- 9 ITB iShares U.S. Home Construction ETF +15.1 % below FV
- 10 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +8.4 % below FV
How we value this ETF
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X DAX Germany ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Sep 2, 2026
The look-through is a computed summary of public fundamentals and is no substitute for your own research.