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, 7 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 are tracked by ETFs
on the German stock market
The best indices for Germany ETFs

Performance of German stocks (DAX®)

1 month: 4.81%
1 year: 0.19%
3 years: 0.71%
5 years: 11.55%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, 2 indices tracked by 12 ETFs are available. On the DAX® index there are 11 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 11 ETFs 30
The DAX® 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 EUR
TER
in %
Use of profits Fund domicile Replication method
iShares Core DAX UCITS ETF (DE)DE0005933931 5,606 0.16% p.a. Accumulating Germany Full replication
Xtrackers DAX UCITS ETF 1CLU0274211480 3,398 0.09% p.a. Accumulating Luxembourg Full replication
ComStage DAX UCITS ETFLU0378438732 887 0.08% p.a. Distributing Luxembourg Full replication
Deka DAX UCITS ETFDE000ETFL011 830 0.15% p.a. Accumulating Germany Full replication
Deka DAX (ausschüttend) UCITS ETFDE000ETFL060 764 0.15% p.a. Distributing Germany Full replication
Lyxor DAX (DR) UCITS ETF - AccLU0252633754 714 0.15% p.a. Accumulating Luxembourg Full replication
Xtrackers DAX UCITS ETF Income 1DLU0838782315 440 0.09% p.a. Distributing Luxembourg Full replication
Amundi ETF DAX UCITS ETF DRFR0010655712 171 0.10% p.a. Accumulating France Full replication
Lyxor 1 DAX® UCITS ETFDE000ETF9017 94 0.15% p.a. Distributing Germany Full replication
ComStage F.A.Z. Index UCITS ETFLU0650624025 76 0.15% p.a. Distributing Luxembourg Full replication
ComStage DAX FR UCITS ETFLU0488317024 53 0.15% p.a. Distributing Luxembourg Full replication
Vanguard DAX UCITS ETF DistributingIE00BG143G97 39 0.10% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
F.A.Z. 4.22% 23.47% -9.84% -3.50% -3.52%
DAX® 6.13% 24.97% -7.48% -1.21% -1.71%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
F.A.Z. -9.81% 23.15% -18.72% 14.75% 5.00%
DAX® -7.54% 24.86% -18.70% 12.34% 6.74%

Source: justETF.com; As of 30/06/20; Calculations in EUR 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 7 alternative indices on Germany tracked by 16 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.19% p.a. and 0.70% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
DAXplus® Maximum Dividend Germany
Dividend
1 ETF 25
The DAXplus® Maximum Dividend index tracks 25 German equities with the highest dividend yield.
Index factsheet
DAX® ex Financials 30 Germany
1 ETF 30
The DAX® ex Financials 30 index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange, excluding banks, financial services and insurance companies.
Index factsheet
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 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Index factsheet
MDAX® Germany
Mid Cap
6 ETFs 60
The MDAX® index tracks 60 German mid cap stocks which are listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Index factsheet
SDAX® Germany
Small Cap
2 ETFs 70
The SDAX® index tracks 70 German small cap stocks.
Index factsheet
Solactive Mittelstand Deutschland Germany
Mid Cap
1 ETF 67
(30/06/20)
The Solactive Mittelstand Deutschland index tracks the largest 70 German mid cap companies excluding financial services.
Index factsheet
TecDAX® Germany
Technology
2 ETFs 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 EUR
TER
in %
Use of profits Fund domicile Replication method
iShares MDAX UCITS ETF (DE)DE0005933923 1,376 0.51% p.a. Accumulating Germany Full replication
iShares TecDAX UCITS ETF (DE)DE0005933972 867 0.51% p.a. Accumulating Germany Full replication
Deka MDAX UCITS ETFDE000ETFL441 574 0.30% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 447 0.31% p.a. Distributing Germany Full replication
Deka DAXplus Maximum Dividend UCITS ETFDE000ETFL235 339 0.30% p.a. Distributing Germany Full replication
Invesco MDAX UCITS ETF AIE00BHJYDV33 217 0.19% p.a. Accumulating Ireland Optimized sampling
ComStage MDAX UCITS ETFLU1033693638 177 0.30% p.a. Distributing Luxembourg Full replication
ComStage SDAX UCITS ETFLU0603942888 109 0.70% p.a. Distributing Luxembourg Full replication
Lyxor 1 MDAX® UCITS ETFDE000ETF9074 108 0.30% p.a. Distributing Germany Full replication
Lyxor 1 TecDAX® UCITS ETFDE000ETF9082 82 0.40% p.a. Distributing Germany Full replication
Xtrackers Mittelstand & MidCap Germany UCITS ETF 1DIE00B9MRJJ36 63 0.40% p.a. Distributing Ireland Full replication
ComStage DivDAX UCITS ETFLU0603933895 62 0.25% p.a. Distributing Luxembourg Full replication
Lyxor Germany Mid-Cap MDAX UCITS ETF - DistFR0011857234 48 0.20% p.a. Distributing France Unfunded swap
Lyxor 1 DivDAX® UCITS ETFDE000ETF9033 35 0.25% p.a. Distributing Germany Full replication
Deka DAX ex Financials 30 UCITS ETFDE000ETFL433 34 0.30% p.a. Distributing Germany Full replication
Lyxor 1 SDAX® UCITS ETFDE000ETF9058 11 0.70% p.a. Distributing Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
DAXplus® Maximum Dividend 4.35% 25.52% -17.26% -14.89% -27.51%
DAX® ex Financials 30 5.59% 26.65% -8.73% -2.65% -5.56%
DivDAX® 8.33% 29.17% -10.09% -2.56% -1.57%
MDAX® 1.67% 24.83% -9.08% 0.23% 3.21%
SDAX® 1.56% 27.23% -8.23% 0.53% 3.38%
TecDAX® -7.38% 14.58% -2.40% 2.05% 32.80%
Solactive Mittelstand Deutschland 0.04% 30.08% -3.38% 7.52% 7.95%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
DAXplus® Maximum Dividend -17.34% 11.64% -18.87% 5.67% -1.30%
DivDAX® -10.14% 23.17% -16.58% 13.62% 11.61%
MDAX® -9.18% 30.38% -18.24% 17.13% 6.34%
DAX® ex Financials 30 -8.73% 23.77% -20.23% 10.93% 8.58%
SDAX® -8.36% 30.42% -20.76% 23.69% 3.56%
Solactive Mittelstand Deutschland -3.50% 29.20% -23.82% 31.19% 4.90%
TecDAX® -2.50% 22.49% -3.61% 39.15% -1.07%

Source: justETF.com; As of 30/06/20; Calculations in EUR 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 3 indices on the Eurozone tracked by 29 ETFs. All Eurozone indices weight Germany with around 27% to 33%. The total expense ratio (TER) of ETFs on the Eurozone is between 0.05% p.a. and 0.25% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
EURO STOXX® Europe
Germany: 28.70%
(31/12/2019)
2 ETFs 305
(29/05/20)
The EURO STOXX® index tracks stocks from eurozone 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: 32.70%
(31/12/2019)
21 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europe
Germany: 26.94%
(31/12/2019)
6 ETFs 247
(30/06/20)
The MSCI EMU index tracks large and mid cap stocks from countries in the European Economic and Monetary Union.
Index factsheet
ETF
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
Lyxor EURO STOXX 50 (DR) UCITS ETF D-EURFR0007054358 4,705 0.20% p.a. Distributing France Full replication
iShares EURO STOXX 50 UCITS ETF (DE)DE0005933956 4,670 0.11% p.a. Distributing Germany Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 4,018 0.10% p.a. Distributing Ireland Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 3,333 0.10% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 2,996 0.09% p.a. Accumulating Luxembourg Full replication
Amundi EURO STOXX 50 UCITS ETF EUR (C)LU1681047236 2,478 0.15% p.a. Accumulating Luxembourg Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 2,211 0.09% p.a. Distributing Luxembourg Full replication
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 1,785 0.12% p.a. Accumulating Ireland Full replication
Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 1,732 0.12% p.a. Distributing Luxembourg Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 1,547 0.20% p.a. Distributing Germany Full replication
Amundi Index MSCI EMU UCITS ETF DR EUR (C)LU1602144575 1,312 0.25% p.a. Accumulating Luxembourg Full replication
Deka EURO STOXX 50 UCITS ETFDE000ETFL029 782 0.15% p.a. Distributing Germany Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 686 0.18% p.a. Distributing Luxembourg Full replication
Lyxor Core EURO STOXX 300 (DR) UCITS ETF AccLU0908501058 416 0.07% p.a. Accumulating Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012740983 410 0.18% p.a. Distributing France Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 366 0.15% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 236 0.05% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI EMU UCITS ETFIE00B910VR50 220 0.18% p.a. Accumulating Ireland Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012739431 189 0.18% p.a. Accumulating France Full replication
Lyxor Core MSCI EMU (DR) UCITS ETFLU1646360971 189 0.12% p.a. Distributing Luxembourg Full replication
ComStage EURO STOXX 50 UCITS ETFLU0378434079 176 0.08% p.a. Distributing Luxembourg Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 123 0.05% p.a. Distributing Ireland Full replication
Amundi EURO STOXX 50 UCITS ETF EUR (D)LU1681047319 80 0.15% p.a. Distributing Luxembourg Full replication
Lyxor Core EURO STOXX 50 (DR) UCITS ETF AccLU0908501215 72 0.07% p.a. Accumulating Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 56 0.05% p.a. Distributing Ireland Unfunded swap
Vanguard EURO STOXX 50 UCITS ETF DistributingIE00BF4R5F15 43 0.10% p.a. Distributing Ireland Full replication
Lyxor 1 EURO STOXX 50® UCITS ETFDE000ETF9504 36 0.15% p.a. Distributing Germany Full replication
ComStage EURO STOXX 50 UCITS ETFLU0488317297 23 0.15% p.a. Distributing Luxembourg Full replication
Deka EURO STOXX 50 (thesaurierend) UCITS ETFDE000ETFL466 22 0.15% p.a. Accumulating Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI EMU 4.96% 18.56% -12.32% -5.31% 0.66%
EURO STOXX® 50 6.48% 18.59% -12.12% -4.69% 2.40%
EURO STOXX® 4.95% 19.17% -11.53% -4.31% 2.11%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
MSCI EMU -12.71% 26.22% -12.40% 12.75% 4.66%
EURO STOXX® 50 -12.60% 28.78% -11.62% 9.55% 4.21%
EURO STOXX® -11.90% 28.14% -12.88% 13.09% 4.56%

Source: justETF.com; As of 30/06/20; Calculations in EUR based on the largest ETF of the respective index.