Main index
DAX
Constituents
40
Currency
EUR
Dominant sector
Industrials and Technology
Unlike Italy's FTSE MIB, the DAX has historically leaned more towards manufacturing industry, automotive and technology software — reflecting the structure of the German economy.
The DAX is a total return index: unlike many other European indices, it factors dividend reinvestment into its calculation by convention — a detail worth keeping in mind when comparing it with other national indices.
Main Deutsche Börse (Xetra) stocks
See all in the screener →| Stock | Sector | Price | Today's change |
|---|---|---|---|
| SAP SE | Technology | — | — |
| Siemens AG | Industrials | — | — |
| Allianz SE | Financials | — | — |
| Volkswagen AG (Vz.) | Automotive | — | — |
| Deutsche Telekom AG | Telecommunications | — | — |
Frequently asked questions
Why is the DAX described as a 'total return' index?
Because its calculation assumes dividends paid by the constituent companies are reinvested, unlike 'price return' indices such as the FTSE MIB, which don't include them — this makes a direct comparison between the two less straightforward than it appears.
Can German shares be bought with a UK broker?
Yes, most UK-facing brokers offer access to Xetra, generally without an FX fee if your account is in euros; note this is separate from any UK broker's own GBP conversion charge.