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: -7.27%
1 year: -11.74%
3 years: 8.99%
5 years: 27.41%

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® (price) 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
(31.08.18)
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 6,949 0.16% p.a. Accumulating Germany Full replication
Xtrackers DAX UCITS ETF 1CLU0274211480 3,635 0.09% p.a. Accumulating Luxembourg Full replication
Deka DAX UCITS ETFDE000ETFL011 1,766 0.15% p.a. Accumulating Germany Full replication
Lyxor DAX (DR) UCITS ETF EURLU0252633754 902 0.15% p.a. Accumulating Luxembourg Full replication
Deka DAX (ausschüttend) UCITS ETFDE000ETFL060 787 0.15% p.a. Distributing Germany Full replication
ComStage DAX TR UCITS ETFLU0378438732 784 0.08% p.a. Distributing Luxembourg Full replication
Xtrackers DAX UCITS ETF Income 1DLU0838782315 543 0.09% p.a. Distributing Luxembourg Full replication
Amundi ETF DAX UCITS ETF DRFR0010655712 79 0.10% p.a. Accumulating France Full replication
ComStage DAX FR UCITS ETFLU0488317024 76 0.15% p.a. Distributing Luxembourg Full replication
ComStage 1 DAX UCITS ETFDE000ETF9017 71 0.15% p.a. Distributing Germany Full replication
ComStage F.A.Z. Index UCITS ETFLU0650624025 64 0.15% p.a. Distributing Luxembourg Full replication
Vanguard DAX UCITS ETFIE00BG143G97 5 0.10% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
DAX® -2.00% -0.52% 0.81% -5.05% 25.75%
F.A.Z. -2.85% -0.47% 0.46% -3.22% 26.51%
Index   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
DAX® -5.66% 12.34% 6.74% 9.38% 2.26%
F.A.Z. -4.94% 14.75% 5.00% 12.18% 2.79%

Source: justETF.com; As of 30.09.18; 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 0.20% 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.
Index factsheet
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
(31.08.18)
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 1,812 0.51% p.a. Accumulating Germany Full replication
iShares TecDAX UCITS ETF (DE)DE0005933972 887 0.51% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 568 0.31% p.a. Distributing Germany Full replication
Deka MDAX UCITS ETFDE000ETFL441 501 0.30% p.a. Accumulating Germany Full replication
Deka DAXplus Maximum Dividend UCITS ETFDE000ETFL235 405 0.30% p.a. Distributing Germany Full replication
ComStage MDAX TR UCITS ETFLU1033693638 170 0.30% p.a. Distributing Luxembourg Full replication
Xtrackers Mittelstand & MidCap Germany UCITS ETF 1DIE00B9MRJJ36 125 0.40% p.a. Distributing Ireland Full replication
ComStage SDAX TR UCITS ETFLU0603942888 118 0.70% p.a. Distributing Luxembourg Full replication
Lyxor Germany Mid-Cap MDAX UCITS ETF D-EURFR0011857234 115 0.20% p.a. Distributing France Unfunded swap
ComStage 1 MDAX UCITS ETFDE000ETF9074 78 0.30% p.a. Distributing Germany Full replication
ComStage 1 TecDAX UCITS ETFDE000ETF9082 76 0.40% p.a. Distributing Germany Full replication
ComStage DivDax TR UCITS ETFLU0603933895 73 0.25% p.a. Distributing Luxembourg Full replication
Deka DAX ex Financials 30 UCITS ETFDE000ETFL433 29 0.30% p.a. Distributing Germany Full replication
ComStage 1 DivDAX UCITS ETFDE000ETF9033 23 0.25% p.a. Distributing Germany Full replication
ComStage 1 SDAX UCITS ETFDE000ETF9058 10 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 -2.90% -0.32% -2.11% -13.42% 2.12%
DivDAX® -2.69% -0.86% -0.81% -5.89% 29.79%
DAX® ex Financials 30 -2.83% -1.84% 0.15% -5.70% 27.03%
Solactive Mittelstand Deutschland -6.57% -2.04% -4.06% -4.22% 33.93%
SDAX® -5.86% -0.93% -1.10% -1.35% 38.66%
MDAX® -4.41% 0.46% 1.07% -0.75% 32.16%
TecDAX® -6.88% 4.44% 12.53% 15.07% 59.58%
Index   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
Solactive Mittelstand Deutschland -7.55% 31.19% 4.90% 18.33% -
DivDAX® -6.92% 13.62% 11.61% 2.74% 4.22%
DAX® ex Financials 30 -6.15% 10.93% 8.58% 9.75% 2.63%
DAXplus® Maximum Dividend -5.64% 5.67% -1.30% 13.06% 3.64%
MDAX® -1.41% 17.13% 6.34% 22.00% 1.54%
SDAX® -0.96% 23.69% 3.56% 25.71% 4.71%
TecDAX® 10.83% 39.15% -1.07% 32.83% 16.86%

Source: justETF.com; As of 30.09.18; 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 30 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: 29.50%
(29/12/2017)
2 ETFs 302
(06.09.18)
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: 33.30%
(29/12/2017)
21 ETFs 50
The EURO STOXX® 50 (total return) index tracks the 50 largest companies in the Eurozone.
Index factsheet
FTSEurofirst 80 Europe
Germany: 34.06%
(29/12/2017)
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: 30.19%
(29/12/2017)
6 ETFs 248
(31.08.18)
The MSCI EMU (European Economic and 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
iShares EURO STOXX 50 UCITS ETF (DE)DE0005933956 7,106 0.10% p.a. Distributing Germany Full replication
Lyxor EURO STOXX 50 (DR) UCITS ETF D-EURFR0007054358 5,997 0.20% p.a. Distributing France Full replication
iShares EURO STOXX 50 UCITS ETF (Dist)IE0008471009 4,103 0.10% p.a. Distributing Ireland Full replication
iShares Core EURO STOXX 50 UCITS ETF (Acc)IE00B53L3W79 3,714 0.10% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 3,302 0.09% p.a. Accumulating Luxembourg Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 2,525 0.09% p.a. Distributing Luxembourg Full replication
Xtrackers MSCI EMU Index UCITS ETF 1DLU0846194776 2,075 0.15% p.a. Distributing Luxembourg Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 2,022 0.18% p.a. Distributing Luxembourg Full replication
Amundi EURO STOXX 50 UCITS ETF - EUR (C)LU1681047236 1,838 0.15% p.a. Accumulating Luxembourg Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 1,496 0.20% p.a. Distributing Germany Full replication
iShares MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 1,496 0.12% p.a. Accumulating Ireland Full replication
Amundi Index MSCI EMU UCITS ETF - EUR (C)LU1602144575 1,221 0.25% p.a. Accumulating Luxembourg Full replication
Deka EURO STOXX 50 UCITS ETFDE000ETFL029 1,050 0.15% p.a. Distributing Germany Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 470 0.15% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012739431 463 0.18% p.a. Accumulating France Full replication
Lyxor Core MSCI EMU (DR) UCITS ETFLU1646360971 419 0.12% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETF DFR0012740983 418 0.18% p.a. Distributing France Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 410 0.05% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI EMU UCITS ETFIE00B910VR50 388 0.18% p.a. Accumulating Ireland Full replication
Lyxor Core Euro Stoxx 300 (DR) UCITS ETFLU0908501058 322 0.07% p.a. Accumulating Luxembourg Full replication
ComStage EURO STOXX 50 NR UCITS ETFLU0378434079 255 0.08% p.a. Distributing Luxembourg Full replication
HSBC EURO STOXX 50 UCITS ETF EURDE000A1C0BB7 117 0.05% p.a. Distributing Ireland Full replication
Amundi EURO STOXX 50 UCITS ETF - EUR (D)LU1681047319 100 0.15% p.a. Distributing Luxembourg Full replication
Lyxor Core Euro Stoxx 50 (DR) UCITS ETFLU0908501215 86 0.05% p.a. Accumulating Luxembourg Full replication
ComStage 1 EURO STOXX 50 UCITS ETFDE000ETF9504 31 0.15% p.a. Distributing Germany Full replication
iShares FTSEurofirst 80 UCITS ETFIE0004855221 27 0.40% p.a. Distributing Ireland Full replication
ComStage EURO STOXX 50 FR UCITS ETFLU0488317297 25 0.15% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF - DistributingIE00B5B5TG76 22 0.05% p.a. Distributing Ireland Unfunded swap
Deka EURO STOXX 50 (thesaurierend) UCITS ETFDE000ETFL466 16 0.15% p.a. Accumulating Germany Full replication
Vanguard Euro STOXX 50 UCITS ETFIE00BF4R5F15 12 0.10% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
EURO STOXX® 50 -0.84% 0.37% 3.72% -2.46% 21.14%
FTSEurofirst 80 -0.94% 0.35% 3.02% -1.64% 25.29%
MSCI EMU -1.28% 0.43% 3.29% -0.13% 26.49%
EURO STOXX® -1.25% 0.55% 3.48% -0.04% 27.40%
Index   2018
in %
2017
in %
2016
in %
2015
in %
2014
in %
FTSEurofirst 80 -0.35% 12.58% 5.07% 8.08% 5.44%
EURO STOXX® 50 -0.18% 9.77% 3.94% 7.99% 5.08%
MSCI EMU 0.17% 13.15% 4.81% 10.25% 4.94%
EURO STOXX® 0.63% 13.09% 4.56% 11.62% 4.71%

Source: justETF.com; As of 30.09.18; Calculations in EUR based on the largest ETF of the respective index.