DAX vs EWG
Global X Funds Global X DAX Germany ETF against iShares MSCI Germany ETF: cost, size, returns, what they hold and how much of it is the same.
Overlap by weight
92%
38 shared positions
Fee gap
29 bp
DAX is cheaper
1-year return gap
0.8 pts
EWG is ahead
Larger fund
EWG
$1.5B
Side by side
| DAX | EWG | |
|---|---|---|
| Fund | Global X Funds Global X DAX Germany ETF | iShares MSCI Germany ETF |
| Issuer | Global X | iShares |
| Category | Single Country | Single Country |
| Expense ratio | 0.20% | 0.49% |
| Assets | $215M | $1.5B |
| Average daily dollar volume | $1.1M | $44M |
| Listed | Oct 22, 2014 | Mar 12, 1996 |
| FrenzyCap score | 56 | 66 |
| 1-month return | −2.2% | −2.2% |
| 3-month return | +2.0% | +2.7% |
| Year to date | −2.4% | −1.9% |
| 1-year return | −1.2% | −0.4% |
| 30-day volatility | 14.4% | 14.1% |
| Worst drawdown, 1 year | −14.8% | −14.5% |
| Trailing 12-month yield | 2.12% | 1.99% |
| Holdings | 44 | 56 |
| Top 10 weight | 64.7% | 63.1% |
| Look-through P/E | — | — |
| Holdings vs fair value | — | — |
| Holdings above 200-day average | — | — |
| Net flow, latest 3 reported months | −$8.5M thru Jul 2026 | −$261M thru May 2026 |
| 30-day implied volatility | 21.4% | 19.4% |
| Holdings as of | as of Oct 21, 2026issuer data | as of Oct 20, 2026issuer data |
Returns are price returns and exclude distributions. Flows are each fund's own latest reported months and may not cover the same period.
Largest shared holdings
92% of DAX · 96% of EWG| Holding | DAX | EWG |
|---|---|---|
| SAP | 11.86% | 12.38% |
| SIEMENS AG-REG | 11.07% | 11.41% |
| ALLIANZ SE-REG | 9.39% | 9.95% |
| SIEMENS ENERGY AG | 6.50% | 6.12% |
| DEUTSCHE TELEKOM AG-REG | 4.99% | 5.29% |
| MUENCHENER RUECKVER AG-REG | 3.96% | 4.20% |
| INFINEON TECHNOLOGIES AG | 3.92% | 4.12% |
| DEUTSCHE BOERSE AG | 3.24% | 3.40% |
| DHL AG | 3.10% | 3.21% |
| DEUTSCHE BANK AG-REGISTERED | 3.11% | 2.94% |
| RHEINMETALL AG | 2.70% | 2.99% |
| BASF SE | 2.65% | 2.77% |
| BAYER AG-REG | 2.48% | 2.59% |
| E.ON SE | 2.31% | 2.45% |
| RWE AG | 2.31% | 2.22% |
| MERCEDES-BENZ GROUP AG | 1.67% | 1.69% |
| ADIDAS AG | 1.64% | 1.55% |
| DAIMLER TRUCK HOLDING AG | 1.20% | 1.14% |
| BAYERISCHE MOTOREN WERKE AG | 1.08% | 1.13% |
| FRESENIUS SE & CO KGAA | 1.06% | 1.15% |
| MTU AERO ENGINES AG | 1.06% | 1.14% |
| HEIDELBERG MATERIALS AG | 1.05% | 1.17% |
| MERCK KGAA | 1.04% | 1.15% |
| HANNOVER RUECK SE | 0.94% | 1.01% |
| SIEMENS HEALTHINEERS AG | 0.88% | 0.85% |
Sector mix of the stock holdings
| Sector | DAX | EWG | Gap |
|---|---|---|---|
| Technology | 0.0% | 12.4% | −12.4% |
More: full overlap table · DAX holdings · EWG holdings
Fund data comes from each fund's SEC filings and issuer disclosures and is shown with the date it is as of. SEC portfolio and flow filings become public about 60 days after the period they cover. Nothing here is investment advice; see Terms.