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 3 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. - 0.25% 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: -0.14%
1 year: -6.78%
3 years: 11.27%
5 years: 71.83%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, 3 indices tracked by 11 ETFs are available. On the DAX® index there are 9 ETFs. On the F.A.Z. index there is 1 ETF. On the MSCI Germany index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is between 0.08% p.a. and 0.25% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

DAX®

Germany 9 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

MSCI Germany

Germany 1 ETF 58
(31/10/16)
The MSCI Germany index tracks the leading stocks on the German market.
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 7,608 0.16% p.a. Accumulating Germany Full replication
db x-trackers DAX UCITS ETF (DR) 1CLU0274211480 3,646 0.09% p.a. Accumulating Luxembourg Full replication
Deka DAX UCITS ETFDE000ETFL011 1,749 0.15% p.a. Accumulating Germany Full replication
Lyxor DAX (DR) UCITS ETF EURLU0252633754 928 0.15% p.a. Accumulating Luxembourg Full replication
ComStage DAX TR UCITS ETFLU0378438732 717 0.08% p.a. Accumulating Luxembourg Unfunded swap
Deka DAX (ausschüttend) UCITS ETFDE000ETFL060 717 0.15% p.a. Distributing Germany Full replication
db x-trackers DAX UCITS ETF (DR) Income 1DLU0838782315 435 0.09% p.a. Distributing Luxembourg Full replication
ComStage DAX FR UCITS ETFLU0488317024 136 0.15% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI Germany UCITS ETFFR0010655712 61 0.25% p.a. Accumulating France Unfunded swap
ComStage 1 DAX UCITS ETFDE000ETF9017 42 0.15% p.a. Distributing Germany Full replication
ComStage F.A.Z. Index UCITS ETFLU0650624025 40 0.15% p.a. Accumulating Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI Germany -0.50% -0.38% 2.83% -6.78% 11.70%
DAX® -0.60% -0.20% 2.89% -6.72% 12.52%
F.A.Z. -0.91% -0.79% 1.79% -6.72% 14.48%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
F.A.Z. -2.13% 12.18% 2.79% 25.88% 27.64%
MSCI Germany -1.45% 9.27% 2.16% 26.12% 29.05%
DAX® -1.16% 9.43% 2.25% 25.39% 28.73%

Source: justETF.com; As of 30/11/16; 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 15 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
DAXplus® Maximum Dividend Germany
Dividend
1 ETF 20
The DAXplus® Maximum Dividend (price) index tracks German equities with the highest dividend yield.
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.
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
5 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
2 ETFs 50
The SDAX® index tracks 50 German small cap stocks.
Index factsheet
Solactive Mittelstand Deutschland Germany
Mid Cap
1 ETF 70
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 1,661 0.51% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 570 0.31% p.a. Distributing Germany Full replication
Deka DAXplus Maximum Dividend UCITS ETFDE000ETFL235 353 0.30% p.a. Distributing Germany Full replication
iShares TecDAX UCITS ETF (DE)DE0005933972 341 0.51% p.a. Accumulating Germany Full replication
Deka MDAX UCITS ETFDE000ETFL441 217 0.30% p.a. Accumulating Germany Full replication
ComStage MDAX TR UCITS ETFLU1033693638 92 0.30% p.a. Accumulating Luxembourg Unfunded swap
ComStage SDAX TR UCITS ETFLU0603942888 61 0.70% p.a. Accumulating Luxembourg Unfunded swap
ComStage DivDax TR UCITS ETFLU0603933895 49 0.25% p.a. Accumulating Luxembourg Unfunded swap
db x-trackers Mittelstand & MidCap Germany UCITS ETF (DR) 1DIE00B9MRJJ36 47 0.40% p.a. Distributing Ireland Full replication
Deka DAX ex Financials 30 UCITS ETFDE000ETFL433 38 0.30% p.a. Distributing Germany Full replication
ComStage 1 MDAX UCITS ETFDE000ETF9074 24 0.30% p.a. Distributing Germany Full replication
ComStage 1 DivDAX UCITS ETFDE000ETF9033 20 0.25% p.a. Distributing Germany Full replication
Lyxor UCITS ETF Germany Mid-Cap MDAX D-EURFR0011857234 10 0.40% p.a. Distributing France Unfunded swap
ComStage 1 TecDAX UCITS ETFDE000ETF9082 5 0.40% p.a. Distributing Germany Full replication
ComStage 1 SDAX UCITS ETFDE000ETF9058 5 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 -4.53% -5.87% -5.52% -11.47% 8.91%
TecDAX® -0.87% -1.12% 1.53% -7.78% 46.88%
DAX® ex Financials 30 -1.57% -1.85% 3.04% -5.98% 14.56%
Solactive Mittelstand Deutschland -2.57% -0.96% 0.22% -3.80% -
MDAX® -1.43% -3.45% 0.14% -3.76% 25.71%
DivDAX® 0.33% 1.30% 3.50% -1.97% 13.03%
SDAX® -3.40% -3.84% -3.56% -1.17% 28.53%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
DAXplus® Maximum Dividend -7.88% 13.17% 3.39% 26.52% 16.80%
TecDAX® -6.32% 32.78% 16.83% 40.33% 20.57%
SDAX® -1.82% 25.71% 4.71% 28.62% 18.04%
Solactive Mittelstand Deutschland -1.12% 18.33% - - -
MDAX® 0.06% 22.00% 1.52% 38.17% 33.13%
DAX® ex Financials 30 0.17% 9.82% 2.65% - -
DivDAX® 3.66% 3.09% 4.22% 29.57% 27.95%

Source: justETF.com; As of 30/11/16; 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 4 indices on the Eurozone tracked by 29 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)
19 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)
8 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 EUR
TER
in %
Use of profits Fund domicile Replication method
Lyxor EURO STOXX 50 (DR) UCITS ETF D-EURFR0007054358 6,471 0.20% p.a. Distributing France Full replication
iShares EURO STOXX 50 UCITS ETF (DE)DE0005933956 6,418 0.16% p.a. Distributing Germany Full replication
iShares EURO STOXX 50 UCITS ETF (Dist)IE0008471009 4,948 0.35% p.a. Distributing Ireland Full replication
db x-trackers EURO STOXX 50 UCITS ETF (DR) 1CLU0380865021 2,358 0.09% p.a. Accumulating Luxembourg Full replication
db x-trackers EURO STOXX 50 UCITS ETF (DR) 1DLU0274211217 2,224 0.09% p.a. Distributing Luxembourg Full replication
iShares Core EURO STOXX 50 UCITS ETFIE00B53L3W79 1,717 0.10% p.a. Accumulating Ireland Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 1,480 0.23% p.a. Distributing Luxembourg Full replication
Amundi ETF EURO STOXX 50 UCITS ETF DR CFR0010654913 1,309 0.15% p.a. Accumulating France Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 1,292 0.20% p.a. Distributing Germany Full replication
iShares MSCI EMU UCITS ETFIE00B53QG562 1,080 0.33% p.a. Accumulating Ireland Full replication
Deka EURO STOXX 50 UCITS ETFDE000ETFL029 1,077 0.15% p.a. Distributing Germany Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 737 0.15% p.a. Distributing Luxembourg Full replication
Amundi ETF MSCI EMU UCITS ETF DRFR0010655688 667 0.25% p.a. Accumulating France Full replication
db x-trackers MSCI EMU Index UCITS ETF (DR) 1DLU0846194776 662 0.15% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETF EUR DFR0012740983 561 0.25% p.a. Distributing France Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETF EUR CFR0012739431 346 0.25% p.a. Accumulating France Full replication
Source EURO STOXX 50 UCITS ETF AIE00B60SWX25 304 0.05% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI EMU UCITS ETFIE00B910VR50 285 0.25% p.a. Accumulating Ireland Full replication
ComStage EURO STOXX 50 NR UCITS ETFLU0378434079 247 0.08% p.a. Accumulating Luxembourg Unfunded swap
Lyxor MSCI EMU (DR) UCITS ETF D-EURFR0007085501 117 0.25% p.a. Distributing France Full replication
HSBC EURO STOXX 50 UCITS ETF EURDE000A1C0BB7 79 0.05% p.a. Distributing Ireland Full replication
ComStage EURO STOXX 50 FR UCITS ETFLU0488317297 45 0.15% p.a. Distributing Luxembourg Full replication
UBS ETF (IE) MSCI EMU SF UCITS ETF (EUR) A-accIE00B5B1MZ58 32 0.23% p.a. Accumulating Ireland Swap-based
iShares FTSEurofirst 80 UCITS ETFIE0004855221 26 0.40% p.a. Distributing Ireland Full replication
Amundi ETF EURO STOXX 50 DR UCITS ETFIE0031091642 25 0.35% p.a. Accumulating Ireland Full replication
ComStage 1 EURO STOXX 50 UCITS ETFDE000ETF9504 23 0.15% p.a. Distributing Germany Full replication
Source EURO STOXX 50 UCITS ETF BIE00B5B5TG76 22 0.05% p.a. Distributing Ireland Unfunded swap
Deka EURO STOXX 50 (thesaurierend) UCITS ETFDE000ETFL466 11 0.15% p.a. Accumulating Germany Full replication
ComStage MSCI EMU TRN UCITS ETFLU0392494729 7 0.25% p.a. Accumulating Luxembourg Unfunded swap
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
EURO STOXX® 50 -0.70% 1.08% -0.61% -10.17% 8.35%
FTSEurofirst 80 -0.97% 0.89% 0.19% -8.63% 12.17%
MSCI EMU -0.87% 0.78% 0.60% -7.66% 13.65%
EURO STOXX® -0.79% 0.71% 0.42% -7.48% 14.26%
Index   2016
in %
2015
in %
2014
in %
2013
in %
2012
in %
EURO STOXX® 50 -3.73% 6.84% 4.51% 21.46% 18.10%
EURO STOXX® -2.58% 11.58% 4.72% 23.31% 19.09%
MSCI EMU -2.06% 10.26% 4.58% 23.29% 19.20%
FTSEurofirst 80 -1.88% 8.21% 5.48% 21.99% 18.28%

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