ComStage ShortDAX TR UCITS ETF ISIN LU0603940916, WKN ETF004


Strategy of ComStage ShortDAX TR UCITS ETF

Investment strategy

The ShortDAX® index tracks the inverse performance of the DAX® index on a daily basis. The DAX® index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.


ShortDAX® (2)

Equity (27) Germany (10)


EUR 25.52
21.04 52 weeks low/high 25.53
52 weeks low/high
Savings plan ready
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Risk and fees of ComStage ShortDAX TR UCITS ETF


EUR 80 m
Fund size
Fund size category


Synthetic (Unfunded swap)
Legal structure ETF
Strategy risk Short
Fund currency EUR

Currency risk

Currency unhedged
Volatility 1 year (in EUR) 14.88% Risk category
Inception Date 10 May 2011
Maximum drawdown
since inception (in EUR)
Maximum drawdown period 75 Months


0.30% p.a.
Total expense ratio
0.02% Compare 1.90%
Compare (Equity)

Dividend/ Taxes

Distribution policy Distributing
Distribution frequency Annually
Fund domicile Luxembourg
Tax data Bundesanzeiger

Legal structure

Fund Structure Company With Variable Capital (SICAV)
UCITS compliance Yes
Fund Provider Commerz Funds Solutions
Administrator BNP Paribas Securities Services S.A. (Lux)
Investment Advisor Commerzbank AG, Frankfurt
Custodian Bank BNP Paribas Securities Services, Luxembourg Branch
Revision Company EY Luxembourg
Fiscal Year End 30 June
Swiss representative Commerzbank Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich
Swiss paying agent Commerzbank Aktiengesellschaft, Frankfurt am Main, Zweigniederlassung Zürich

Tax Status

Germany Tax transparent
Switzerland ESTV Reporting
Austria Tax Reporting Fund
UK No UK Reporting
EU Savings Directive Out of Scope

Replication, swap, securities lending

Indextype Total return index
Swap counterparty Commerzbank|Goldman Sachs|Barclays|BNP Paribas
Collateral manager Commerz Funds Solutions S.A.
Securities lending No
Securities lending counterparty

Performance of ComStage ShortDAX TR UCITS ETF


1 year: 17.33%
Performance (incl. dividend)
Return in:
YTD 2017 2016 2015 2014
15.37% -13.25% -11.55% -14.40% -5.58%
1 month 3 months 6 months 1 year 3 years
6.16% 9.43% 15.79% 17.33% -13.14%

Savings plan offers for the ComStage ShortDAX TR UCITS ETF

Select your savings amount:

Broker Rating Savings plan offer Brokerage fee More information
free of charge + ATC
free of charge
Penalty rate
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Description of ComStage ShortDAX TR UCITS ETF

The ComStage ShortDAX TR UCITS ETF tracks the inverse development of the index.

The total expense ratio amounts to 0.30% p.a.. The fund replicates the performance of the underlying index synthetically with a swap. The ComStage ShortDAX TR UCITS ETF is a small ETF with 80m Euro assets under management. The ETF is older than 5 years and is domiciled in Luxembourg.

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— All quotes are 15 minutes delayed stock exchange quotes or NAVs (=daily published by fund provider). Quotes and reference data provided by Xignite, Inc., etfinfo and justETF GmbH. Returns include dividend payments. There is no warranty for completeness, accuracy and correctness for the displayed information.

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