Global X Dax Etf Profile
| DAX Etf | USD 32.68 0.07 0.21% |
Performance0 of 100
| Odds Of DistressLess than 9
|
Global X is trading at 32.68 as of the 24th of November 2024; that is 0.21 percent increase since the beginning of the trading day. The etf's open price was 32.61. Global X has less than a 9 % chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for Global X DAX are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 5th of December 2022 and ending today, the 24th of November 2024. Click here to learn more.
The fund invests at least 80 percent of its total assets in the securities of the underlying index and in American Depositary Receipts and Global Depositary Receipts based on the securities in the underlying index. Gx DAX is traded on NASDAQ Exchange in the United States. More on Global X DAX
Moving together with Global Etf
Global Etf Highlights
| Thematic Ideas | (View all Themes) |
| Business Concentration | Large Cap ETFs, Size And Style ETFs, Miscellaneous Region, Global X Funds (View all Sectors) |
| Issuer | Global X |
| Inception Date | 2014-10-22 |
| Benchmark | DAX Index |
| Entity Type | Regulated Investment Company |
| Asset Under Management | 66.12 Million |
| Average Trading Valume | 10,790.8 |
| Asset Type | Equity |
| Category | Size and Style |
| Focus | Large Cap |
| Market Concentration | Developed Markets |
| Region | Europe |
| Administrator | Global X Management Company LLC |
| Advisor | Global X Management Company LLC |
| Custodian | Brown Brothers Harriman & Co. |
| Distributor | SEI Investments Distribution Co. |
| Portfolio Manager | Chang Kim, CFA; James Ong, CFA; Nam To; Wayne Xie |
| Transfer Agent | Brown Brothers Harriman & Co. |
| Fiscal Year End | 31-Oct |
| Exchange | NASDAQ |
| Number of Constituents | 44.0 |
| Market Maker | Virtu Financial |
| Total Expense | 0.2 |
| Management Fee | 0.2 |
| Country Name | USA |
| Returns Y T D | 8.12 |
| Name | Global X DAX Germany ETF |
| Currency Code | USD |
| Open Figi | BBG00MVW5W00 |
| In Threey Volatility | 21.6 |
| 1y Volatility | 16.53 |
| 200 Day M A | 32.9175 |
| 50 Day M A | 33.9428 |
| Code | DAX |
| Updated At | 23rd of November 2024 |
| Currency Name | US Dollar |
Global X DAX [DAX] is traded in USA and was established 2014-10-22. The fund is classified under Miscellaneous Region category within Global X Funds family. The entity is thematically classified as Large Cap ETFs. Global X DAX currently have 23.08 M in assets under management (AUM). , while the total return for the last 3 years was 2.9%.
Check Global X Probability Of Bankruptcy
Geographic Allocation (%)
Sector Allocation
Investors will always prefer to have their portfolios divercified against different sectors. The broad sector allocation increases the possibility of making a profit or at least avoiding a loss. However, this may also reduce the expected return on Global Etf. Generally, it depends on diversification level and type but usually, the broader the sector allocation, the less risk can be expected from holding Global Etf, and the less return is expected.
Institutional investors that are interested in enforcing a sector tilt in their portfolio can use exchange-traded funds, such as Global X DAX Etf, as a low-cost alternative to building a custom portfolio. So, using sector ETFs to diversify your portfolio can be a profitable strategy. However, no matter what sectors are desirable at a given time, no single industry should ever make up more than 20 percent of your stock portfolio.
Top Global X DAX Etf Constituents
| ZAL | Zalando SE | Stock | Internet Retail | |
| DHL | Deutsche Post AG | Stock | DE Stock | |
| HNR1 | Hannover Rck SE | Stock | Insurance-Reinsurance | |
| RHM | Rheinmetall AG | Stock | Diversified Industrials | |
| SHL | Siemens Healthineers AG | Stock | Medical Devices | |
| SAP | SAP SE | Stock | Software-Application | |
| MTX | MTU Aero Engines | Stock | Aerospace & Defense | |
| PAH3 | Porsche Automobil Holding | Stock | Auto Manufacturers |
Global X DAX Risk Profiles
The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Global X. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures.
| Risk Adjusted Performance | (0.02) | |||
| Jensen Alpha | (0.08) | |||
| Total Risk Alpha | (0.19) | |||
| Treynor Ratio | (0.10) |
Global X Against Markets
Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Global X DAX. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in nation. You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
The market value of Global X DAX is measured differently than its book value, which is the value of Global that is recorded on the company's balance sheet. Investors also form their own opinion of Global X's value that differs from its market value or its book value, called intrinsic value, which is Global X's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Global X's market value can be influenced by many factors that don't directly affect Global X's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Global X's value and its price as these two are different measures arrived at by different means. Investors typically determine if Global X is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Global X's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.