How to invest in Germany using ETFs

How do I invest in German stocks?

The easiest way to invest in the whole German stock market is to invest in a broad market index. This can be done at low cost by using ETFs.

On the German stock market you find 2 indices, which are tracked by ETFs. Besides these indices, 4 alternative indices on small and mid caps as well as single sectors and dividend strategies is available.

As further alternative, you can consider indices on Europe. In the below listed indices Germany is weighted with around 30%.

0.08% p.a. - 0.16% p.a.
annual total expense ratio (TER) of Germany ETFs
on the German stock market, which is tracked by ETFs
on the German stock market
The best indices for Germany ETFs

Performance of German stocks (DAX®)

1 month: 2.56%
1 year: -3.23%
3 years: 0.72%
5 years: 49.39%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, 2 indices tracked by 8 ETFs are available. On the DAX® index there are 7 ETFs. On the F.A.Z. index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is between 0.08% p.a. and 0.16% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

DAX®

Germany 7 ETFs 30
The DAX® (total return) index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Index factsheet

F.A.Z.

Germany 1 ETF 100
The F.A.Z Index tracks the 100 largest German stock corporations, in terms of market capitalisation, that are traded on Deutsche Börse.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares Core DAX UCITS ETF (DE)DE0005933931 8,123 0.16% p.a. Accumulating Germany Full replication
db x-trackers DAX UCITS ETF (DR) 1CLU0274211480 3,892 0.09% p.a. Accumulating Luxembourg Full replication
Lyxor DAX (DR) UCITS ETF EURLU0252633754 994 0.15% p.a. Accumulating Luxembourg Full replication
ComStage DAX TR UCITS ETFLU0378438732 766 0.08% p.a. Accumulating Luxembourg Unfunded swap
db x-trackers DAX UCITS ETF (DR) Income 1DLU0838782315 465 0.09% p.a. Distributing Luxembourg Full replication
ComStage DAX FR UCITS ETFLU0488317024 145 0.15% p.a. Distributing Luxembourg Full replication
ComStage 1 DAX UCITS ETFDE000ETF9017 45 0.15% p.a. Distributing Germany Full replication
ComStage F.A.Z. Index UCITS ETFLU0650624025 43 0.15% p.a. Accumulating Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
F.A.Z. -1.57% -2.31% -0.73% -7.74% 0.39%
DAX® -1.01% -1.49% 0.58% -7.50% -1.03%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
F.A.Z. -2.43% 0.88% 0.89% 27.80% 26.73%
DAX® -1.18% -1.64% 0.38% 27.27% 27.82%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.

 

The best Germany ETFs
by 1 year return

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The cheapest Germany ETFs
by total expense ratio (TER)

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Alternative investment opportunities

German indices on small and mid caps or dividend strategies

Alternatively, you can consider indices on small and mid caps, single sectors or dividend strategies. In order to compare the ETFs for the best German dividend strategies have a look at the Investment Guide on German Dividend Strategies. In total you can invest in 4 alternative indices on Germany tracked by 8 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.25% p.a. and 0.70% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
DivDAX® Germany
Dividend
3 ETFs 15
The DivDAX® index tracks 15 stocks with the highest dividend yield within the DAX® Index. The DAX® index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.
MDAX® Germany
Mid Cap
3 ETFs 50
The MDAX® index tracks 50 German mid cap stocks which are listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Index factsheet
SDAX® Germany
Small Cap
1 ETF 50
The SDAX® index tracks 50 German small cap stocks.
Index factsheet
TecDAX® Germany
Technology
1 ETF 30
The TecDAX® index tracks the 30 largest and most traded technology companies which are listed on the Prime Standard segment of the Frankfurt Stock Exchange and rank below the DAX Index in terms of size and turnover.
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares MDAX UCITS ETF (DE)DE0005933923 1,769 0.51% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 612 0.31% p.a. Distributing Germany Full replication
iShares TecDAX UCITS ETF (DE)DE0005933972 363 0.51% p.a. Accumulating Germany Full replication
ComStage MDAX TR UCITS ETFLU1033693638 98 0.30% p.a. Accumulating Luxembourg Unfunded swap
ComStage SDAX TR UCITS ETFLU0603942888 66 0.70% p.a. Accumulating Luxembourg Unfunded swap
ComStage DivDax TR UCITS ETFLU0603933895 53 0.25% p.a. Accumulating Luxembourg Unfunded swap
ComStage 1 MDAX UCITS ETFDE000ETF9074 26 0.30% p.a. Distributing Germany Full replication
ComStage 1 DivDAX UCITS ETFDE000ETF9033 21 0.25% p.a. Distributing Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
TecDAX® -1.26% -2.38% -0.75% -8.60% 29.15%
MDAX® -1.72% -4.59% -2.00% -4.47% 10.66%
DivDAX® -0.30% -0.26% 0.98% -2.97% -0.60%
SDAX® -3.81% -5.09% -5.75% -2.04% 12.98%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
TecDAX® -6.37% 19.40% 14.67% 42.51% 19.77%
SDAX® -1.87% 13.01% 2.80% 30.57% 17.21%
MDAX® 0.15% 9.66% -0.34% 40.24% 32.21%
DivDAX® 3.43% -7.46% 2.41% 31.46% 27.06%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.

 

Europe indices with a large share of Germany

Besides Germany ETFs you may consider ETFs on the European stock markets. In total, you can invest in 4 indices on the Eurozone tracked by 26 ETFs. All Eurozone indices weight Germany with around 30% to 33%. The total expense ratio (TER) of ETFs on the Eurozone is between 0.05% p.a. and 0.40% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
EURO STOXX® Europe
Germany: 29.40%
(31/10/2016)
1 ETF 293
(09/11/16)
The EURO STOXX® Index tracks stocks from Euro zone countries included in the STOXX® Europe 600 Index. The STOXX® Europe 600 Index tracks large, mid and small capitalisation stocks from European developed countries.
Index factsheet
EURO STOXX® 50 Europe
Germany: 33.00%
(31/10/2016)
15 ETFs 50
The EURO STOXX® 50 (total return) index tracks the 50 largest companies in the Eurozone.
Index factsheet
FTSEurofirst 80 Europe
Germany: 33.81%
(31/10/2016)
1 ETF 80
The FTSEurofirst 80 Index tracks the 60 largest Euro zone companies measured by market capitalisation in the FTSE Euro zone Index and 20 additional companies selected for their size and sector representation.
Index factsheet
MSCI EMU Europe
Germany: 29.83%
(31/10/2016)
9 ETFs 241
(31/10/16)
The MSCI EMU (European Monetary Union) index tracks large and mid cap stocks from countries in the European Economic and Monetary Union.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
Lyxor EURO STOXX 50 (DR) UCITS ETF D-EURFR0007054358 6,948 0.20% p.a. Distributing France Full replication
iShares EURO STOXX 50 UCITS ETF (DE)DE0005933956 6,879 0.16% p.a. Distributing Germany Full replication
iShares EURO STOXX 50 UCITS ETF (Dist)IE0008471009 5,296 0.35% p.a. Distributing Ireland Full replication
db x-trackers EURO STOXX 50 UCITS ETF (DR) 1CLU0380865021 2,475 0.09% p.a. Accumulating Luxembourg Full replication
db x-trackers EURO STOXX 50 UCITS ETF (DR) 1DLU0274211217 2,388 0.09% p.a. Distributing Luxembourg Full replication
iShares Core EURO STOXX 50 UCITS ETFIE00B53L3W79 1,843 0.10% p.a. Accumulating Ireland Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 1,589 0.23% p.a. Distributing Luxembourg Full replication
Amundi ETF EURO STOXX 50 UCITS ETF DR CFR0010654913 1,431 0.15% p.a. Accumulating France Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 1,389 0.20% p.a. Distributing Germany Full replication
iShares MSCI EMU UCITS ETFIE00B53QG562 1,161 0.33% p.a. Accumulating Ireland Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 791 0.15% p.a. Distributing Luxembourg Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-accLU0950668870 700 0.18% p.a. Accumulating Luxembourg Full replication
db x-trackers MSCI EMU Index UCITS ETF (DR) 1DLU0846194776 659 0.15% p.a. Distributing Luxembourg Full replication
Source EURO STOXX 50 UCITS ETF AIE00B60SWX25 323 0.05% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI EMU UCITS ETFIE00B910VR50 304 0.25% p.a. Accumulating Ireland Full replication
ComStage EURO STOXX 50 NR UCITS ETFLU0378434079 266 0.08% p.a. Accumulating Luxembourg Unfunded swap
Lyxor MSCI EMU (DR) UCITS ETF D-EURFR0007085501 126 0.25% p.a. Distributing France Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 85 0.05% p.a. Distributing Ireland Full replication
ComStage EURO STOXX 50 FR UCITS ETFLU0488317297 49 0.15% p.a. Distributing Luxembourg Full replication
UBS ETF (IE) MSCI EMU SF UCITS ETF (EUR) A-accIE00B5B1MZ58 35 0.23% p.a. Accumulating Ireland Swap-based
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-UKdisLU1107559376 33 0.23% p.a. Distributing Luxembourg Full replication
iShares FTSEurofirst 80 UCITS ETFIE0004855221 27 0.40% p.a. Distributing Ireland Full replication
ComStage 1 EURO STOXX 50 UCITS ETFDE000ETF9504 27 0.15% p.a. Distributing Germany Full replication
Source EURO STOXX 50 UCITS ETF BIE00B5B5TG76 24 0.05% p.a. Distributing Ireland Unfunded swap
ComStage MSCI EMU TRN UCITS ETFLU0392494729 8 0.25% p.a. Accumulating Luxembourg Unfunded swap
Amundi ETF EURO STOXX 50 UCITS ETF DR USDFR0012927440 3 0.15% p.a. Accumulating France Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
EURO STOXX® 50 -1.22% -0.34% -2.95% -11.04% -4.46%
FTSEurofirst 80 -1.43% -0.54% -2.08% -9.50% -1.26%
MSCI EMU -1.40% -0.63% -1.76% -8.54% 0.10%
EURO STOXX® -1.28% -0.65% -1.92% -8.34% 0.68%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
EURO STOXX® 50 -4.06% -3.81% 2.39% 23.56% 17.26%
EURO STOXX® -2.70% 0.35% 2.80% 25.19% 18.27%
FTSEurofirst 80 -2.51% -2.47% 3.36% 23.95% 17.54%
MSCI EMU -2.38% -0.71% 2.47% 25.40% 18.35%

Source: justETF.com; As of 30/11/16; Calculations in CHF based on the largest ETF of the respective index.