DAX
DAX — Frankfurt Stock Exchange
Benchmark index tracking 40 companies listed on Frankfurt Stock Exchange.
About the DAX
DAX is the benchmark stock index of Frankfurt Stock Exchange, tracking 40 companies. It is free-float weighted: each company's weight depends on the share of its capital actually available for trading.
Characteristics
Price history
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Historical performance
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Calculated live from Yahoo Finance closing prices (unofficial public proxy) — may be temporarily unavailable or delayed.
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Add the DAX (symbol ^GDAXI) to your virtual portfolio to track its allocation, performance and your simulated gains/losses alongside your other positions.
Add DAX to my portfolioIndex composition
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Approximate weightings (latest known review), for educational purposes — capped at 15% per stock under the index methodology. Official, up-to-date composition on deutsche-boerse.com.
What is the DAX?
The DAX tracks the 40 largest companies listed on the Frankfurt Stock Exchange, since it was expanded in September 2021 (previously 30 stocks). Managed by STOXX (part of Deutsche Börse), it is reviewed quarterly through a fully automated process based on quantitative liquidity and market-cap criteria.
How do I invest in the DAX?
The most common access route is an ETF tracking the index, or DAX futures for experienced traders. One thing worth knowing: the DAX is a total-return index that reinvests dividends paid by its constituent companies, unlike the CAC 40 or FTSE 100, which are price indices.
Which sectors dominate the DAX?
Industrials, chemicals and automotive alone account for more than 40% of the index, reflecting the manufacturing backbone of the German economy (Siemens, Airbus, Rheinmetall). SAP adds significant technology weight with nearly 14% of the index, while Allianz and Munich Re represent the insurance sector.
What are the risks and limitations of the DAX?
The weight of the automotive and export-driven industrial sector makes the DAX highly sensitive to international trade tensions (U.S. or Chinese tariffs) and energy costs, a vulnerability that became acute after the 2022 energy crisis. Also watch out for a misleading comparison with other indices: since the DAX is a total-return index that reinvests dividends, its headline gains are mechanically higher than those of a price index like the CAC 40 or FTSE 100 for equivalent underlying performance.
How has the DAX performed during past crises?
Between January 1 and October 24, 2008, the DAX fell nearly 47%, ending the year down about 40% — one of the steepest declines among major European indices. It has since shown a strong ability to rebound: powered by the strength of Germany's export economy, it went on to set numerous records through the 2010s and 2020s, showing that a severe drop doesn't prevent an index from durably resuming its rise once the crisis has passed.
Price and chart data fetched live from Yahoo Finance via an unofficial public proxy: it may be delayed, temporarily unavailable or inaccurate. Composition and weightings are provided for educational purposes and are not a substitute for an official source. Nothing on this page constitutes investment advice.