The Bullish Bears break down a list of the Dax 40 stocks and companies, ETFs, and futures. The DAX is Germany’s most important index, comprising many “blue chip” style stocks. The exchange has been extremely volatile, like many exchanges across the planet. The reason? Well, there are many reasons. Sentiment, economic slowdown, and global pandemic fears from the Coronavirus, to name a few. We see some technical issues as well. As with everything in trading and investing, keep your eyes on the charts! Check out our full stock indexes list.
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Table of Contents
List of DAX 40 Stocks and Companies
| Symbol | Name | Market Cap | Sector | Industry |
|---|---|---|---|---|
| LIN | Linde plc | $166.07 B | Basic Materials | Specialty Chemicals |
| SAP | SAP SE | $134.19 B | Technology | Software—Application |
| SIE | Siemens AG | $114.66 B | Industrials | Specialty Industrial Machinery |
| VOW3 | Volkswagen AG | $108.63 B | Consumer Discretionary | Auto Manufacturers |
| DAI | Daimler AG | $98.79 B | Consumer Discretionary | Auto Manufacturers |
| ALV | Allianz SE | $98.47 B | Financials | Insurance—Diversified |
| AIR | Airbus SE | $97.41 B | Industrials | Aerospace & Defense |
| DTE | Deutsche Telekom AG | $93.01 B | Communication Services | Telecom Services |
| MRK | MERCK Kommanditgesellschaft auf Aktien | $90.74 B | Healthcare | Drug Manufacturers—Specialty & Generic |
| SHL | Siemens Healthineers AG | $71.50 B | Healthcare | Diagnostics & Research |
| BAYN | Bayer AG | $68.09 B | Healthcare | Drug Manufacturers—General |
| DPW | Deutsche Post AG | $59.80 B | Industrials | Integrated Freight & Logistics |
| BMW | Bayerische Motoren Werke AG | $56.17 B | Consumer Discretionary | Auto Manufacturers |
| BAS | BASF SE | $52.76 B | Basic Materials | Chemicals |
| ADS | adidas AG | $46.13 B | Consumer Discretionary | Footwear & Accessories |
| IFX | Infineon Technologies AG | $45.35 B | Technology | Semiconductors |
| MUV2 | Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München | $36.89 B | Financials | Insurance—Reinsurance |
| DB1 | Deutsche Börse AG | $32.99 B | Financials | Financial Data & Stock Exchanges |
| EOAN | E.ON SE | $31.12 B | Utilities | Utilities—Diversified |
| HEN3 | Henkel AG & Co KGaA | $30.53 B | Consumer Staples | Household & Personal Products |
| RWE | RWE AG | $29.06 B | Utilities | Utilities—Diversified |
| PAH3 | Porsche Automobil Holding SE | $28.15 B | Consumer Discretionary | Auto Manufacturers |
| SRT3 | Sartorius AG | $27.35 B | Healthcare | Medical Instruments & Supplies |
| VNA | Vonovia SE | $26.78 B | Real Estate | Real Estate Services |
| DBK | Deutsche Bank AG | $26.38 B | Financials | Banks |
| FRE | Fresenius SE & Co KGaA | $24.12 B | Healthcare | Medical Care Facilities |
| BEI | Beiersdorf AG | $23.51 B | Consumer Staples | Household & Personal Products |
| FME | Fresenius Medical Care AG & Co. KGaA | $19.42 B | Healthcare | Medical Care Facilities |
| SY1 | Symrise AG | $16.22 B | Basic Materials | Specialty Chemicals |
| CON | Continental AG | $14.47 B | Consumer Discretionary | Auto Parts |
| ENR | Siemens Energy AG | $14.21 B | Utilities | Utilities—Independent Power Producers |
| ZAL | Zalando SE | $12.84 B | Consumer Discretionary | Internet Retail |
| PUM | Puma SE | $12.80 B | Consumer Discretionary | Footwear & Accessories |
| MTX | MTU Aero Engines AG | $12.33 B | Industrials | Aerospace & Defense |
| BNR | Brenntag AG | $12.30 B | Basic Materials | Specialty Chemicals |
| HEI | HeidelbergCement AG | $11.31 B | Basic Materials | Building Materials |
| QIA | QIAGEN N.V. | $11.26 B | Healthcare | Diagnostics & Research |
| DHER | Delivery Hero SE | $11.11 B | Consumer Discretionary | Internet Retail |
| 1COV | Covestro AG | $9.98 B | Basic Materials | Specialty Chemicals |
| HFG | HelloFresh SE | $7.60 B | Consumer Discretionary | Restaurants |
DAX ETF List
| Symbol | Name |
|---|---|
| DAX | Horizons DAX Germany ETF |
| EWB | iShares MSCI Germany ETF |
| DXGE | WisdomTree Germany Hedged Equity ETF |
DAX Futures Symbol
| Symbol | Name |
|---|---|
| FDAX | DAX 30 Futures |
German DAX 30 Stocks Index
The DAX Index refers to the Deutsche Aktienindex, a stock market index comprising 40 major German blue-chip companies. It comprises 40 German companies with the highest market capitalization and the largest stock market turnover. The exact composition of the DAX index can change based on market conditions and periodic reviews.
Knowing that the DAX index is a bellwether for the German economy, it makes sense that investors and traders alike will monitor it.
Did you know Germany represents 6.5% of the world’s economy? When forecasting zero or negative growth, consider the R-word (recession).
DAX Stocks Unpackaged
The DAX is a stock market index that tracks the performance of Germany’s 40 largest publicly traded companies. It is known as the Deutscher Aktien index and is often used as a benchmark for the German stock market. The DAX is weighted by market capitalization, with larger companies having a greater influence on the Index’s performance.
The DAX index includes companies from various sectors, such as automotive, banking, chemicals, technology, and utilities. Some companies listed on the DAX include Adidas, Bayer, BMW, Daimler, Deutsche Bank, Siemens, and Volkswagen.
The DAX is an essential indicator of the overall health and performance of the German stock market. Investors and analysts often use the DAX as a reference point to assess the performance of German stocks and the broader European economy.
Why Is the DAX So Strong?
Several factors influence the DAX index’s strength. Here are some key reasons for its stability:
Global Competitiveness: Companies listed on the DAX have a strong global presence and compete internationally. They are industry leaders with innovative products and services and well-known brands. This gives them an advantage in the stock market and contributes to the strength of the DAX index.
Investor Confidence: The DAX is a popular European stock market index that attracts local and foreign investors. It is known for its stability and strong performance, which can give investors confidence and attract more institutional and retail investors. This increased demand for DAX-listed stocks can cause their prices to go up, contributing to the Index’s overall strength.
How to Trade Dax 40 Stocks
You can trade the DAX 40 in several different ways, including using derivative products (futures contracts and options) or exchange-traded funds (ETFs) and contracts for difference (CFDs).
The most popular way of trading DAX 40 is through DAX futures. These futures contracts are fully standardized, and the daily turnover is very high, typically ranging from 50k to 100k contracts daily. DAX futures are among the most liquid futures contracts available worldwide.
2023 DAX Stocks List Performance
Since late October, the Index has climbed steadily. On December 5th, the DAX closed at a record high of 16,533 points — only for that peak to be beaten the next morning when trading began. The Index closed 0.7% higher on the day at 16,656 points, a new record high.
10 DAX ETFs You Can Invest In
Listed below are the 10 DAX ETFs you can invest in with their 2023 returns:
- Xtrackers DAX UCITS ETF 1C: +19.67%
- Xtrackers DAX UCITS ETF 1D: +19.67%
- Amundi Dax III UCITS ETF Dist: +19.63%
- Amundi Dax III UCITS TF Acc: +19.62%
- Amundi DAX UCITS ETF Dist: +19.62%
- Amundi ETF DAX UCITS ETF DR: +19.62%
- Deka DAX (ausschüttend) UCITS ETF: +19.59%
- Deka DAX UCITS ETF: +19.57%
- iShares Core DAX UCITS ETF (DE): +19.54%
- iShares Core DAX® UCITS ETF (DE) EUR (Dist): +19.36%
Best DAX ETFs (1-year fund returns)
- Xtrackers DAX UCITS ETF 1C +19.67%
- Xtrackers DAX UCITS ETF 1D +19.67%
- Amundi Dax III UCITS ETF Dist +19.63%
Is Germany's Economy Struggling?
Despite the impressive DAX performance, Germany, the biggest European economy, was the weakest in the eurozone last year. High energy costs, feeble global orders, and record-high interest rates took their toll on the country.
Furthermore, the German economy is highly trade-oriented and sensitive to international events that weaken foreign demand. Weak global growth, particularly in China, and high-interest rates are expected to cap demand for German exports. Shipping disruptions in the Red Sea and escalating tension in the Middle East could further cloud the trade outlook for 2024.
Germany is expected to be the only G7 economy to shrink in 2023. The country’s growth rate is predicted to remain below the average of 1.4% for advanced economies in 2024, with a growth rate of 0.9%. According to the IMF, Germany was the worst-performing major economy in the world last year. The IMF has forecasted that advanced economies will grow at an average rate of 1.5% in 2023 while emerging market and developing economies will expand at 4%.
Currently, Germany’s ailing economy is experiencing a bumpy start to 2024. Farmers launched nationwide protests against government plans to cut diesel subsidies and train drivers planning several days of strikes over wage disputes.
Key Takeaways
- The DAX index includes the largest 40 German blue-chip companies
- On December 6th, the DAX closed at a record high of 16,656 points
- The most popular way of trading DAX 40 is through DAX futures. DAX futures are among the most liquid futures contracts available worldwide.
- According to the IMF, Germany was the worst-performing major economy in the world last year.
- You can buy ETFs that track the DAX to invest in DAX stocks. Currently, there are 10 ETFs available that track the DAX index.
Final Thoughts: DAX Stocks List
There are several different ways that you could trade the DAX 30 Index. You can trade options, such as the \$DAX, and futures, such as the \$FDAX. Options can be used to hedge against existing financial investments or for speculation to trade for profit. Futures trading is a great way to capitalize on directional-based markets, whether they trend up or down.
For those that are prepared, you can profit as the DAX declines. Bear market trading is a popular strategy, especially when sharp declines occur. Day traders and swing traders love this type of trading. Again, options can be used as a hedging strategy on the DAX index for current stock investments, or they can be used to trade for profit.
Frequently Asked Questions
Some of the major German blue-chip companies:
- Adidas
- AG
- Allianz SE
- BASF SE
- Bayer AG
- BMW AG
- Continental AG
- Daimler AG
- Deutsche Bank AG
- Deutsche Boerse AG
- Deutsche Post AG
- Deutsche Telekom AG
- E.ON SE
- Fresenius Medical Care AG & Co. KGaA
- Fresenius SE & Co. KGaA
- HeidelbergCement AG
- Henkel AG & Co. KGaA
- Infineon Technologies AG
- Linde plc
- Merck KGaA
- Munich Re
- RWE AG
- SAP SE
- Siemens AG
- Thyssenkrupp AG
- Volkswagen AG
Investing directly in the DAX is impossible since it is a stock index. However, there are indirect ways to invest in it. One way is to invest in exchange-traded funds (ETFs) that are designed to track the DAX's price. Another way is to buy shares of the businesses that make up the Index.
Dax futures are the easiest way to trade DAX 40. And yes, it's good to trade as it's one of the most liquid futures contracts in the world.
As the name suggests, 40 companies make up the DAX 40
The DAX index is Germany's primary stock market and comprises 40 German blue chip companies. These companies are weighted according to their free-float market capitalization. You can buy ETFs that track the DAX to invest in DAX stocks. Currently, there are 10 ETFs available that track the DAX index.
