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'll find 2 indices which are tracked by ETFs. Besides these indices, 4 alternative indices are available.

As further alternative, you can consider indices on the Eurozone.

0.07% 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: 0.52%
1 year: 18.18%
3 years: 54.64%
5 years: 52.02%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, there are 2 indices available which are tracked by 6 ETFs. On the DAX® index there are 5 ETFs. On the FTSE Germany All Cap index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is between 0.07% p.a. and 0.16% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

DAX®

Germany 5 ETFs 40
The DAX® index tracks the 40 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange.
Index factsheet

FTSE Germany All Cap

Germany 1 ETF 154
(28.06.24)
The FTSE Germany All Cap index tracks large, mid and small cap securities from Germany.
Index factsheet
ETF
ISIN
  Fund size
in m CHF
TER
in %
Use of profits Fund domicile Replication method
iShares Core DAX® UCITS ETF (DE) EUR (Acc)DE0005933931 7,925 0.16% p.a. Accumulating Germany Full replication
Xtrackers DAX UCITS ETF 1CLU0274211480 6,054 0.09% p.a. Accumulating Luxembourg Full replication
Amundi Core DAX UCITS ETF DistLU2611732046 1,379 0.08% p.a. Distributing Luxembourg Full replication
Amundi DAX II UCITS ETF AccLU0252633754 1,106 0.15% p.a. Accumulating Luxembourg Full replication
Vanguard Germany All Cap UCITS ETF (EUR) DistributingIE00BG143G97 236 0.07% p.a. Distributing Ireland Full replication
Amundi DAX II UCITS ETF DistLU2090062436 71 0.15% p.a. Distributing Luxembourg Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
FTSE Germany All Cap -0.51% -1.87% -2.82% 18.49% 48.42%
DAX® -0.79% -0.80% -1.00% 20.95% 53.79%
Index   2025
in %
2024
in %
2023
in %
2022
in %
2021
in %
FTSE Germany All Cap 16.55% 18.14% 12.09% -21.43% 8.43%
DAX® 18.39% 20.01% 12.40% -17.21% 10.00%

Source: justETF.com; As of 30.11.25; 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

Germany 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 0.15% p.a. and 0.51% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
DAX® 50 ESG+ Germany
Social/Environmental
2 ETFs 50
The DAX® 50 ESG+ index tracks the 50 largest, most liquid German stocks that are classified as particularly sustainable according to ESG criteria (environmental, social and corporate governance). Companies involved in the production or trade of controversial weapons, tobacco, thermal coal and nuclear energy are categorically excluded.
Index factsheet
DivDAX® Germany
Dividend
2 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
2 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
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 CHF
TER
in %
Use of profits Fund domicile Replication method
iShares MDAX UCITS ETF (DE)DE0005933923 1,952 0.51% p.a. Accumulating Germany Full replication
Invesco MDAX UCITS ETF AIE00BHJYDV33 1,070 0.19% p.a. Accumulating Ireland Optimized sampling
iShares TecDAX UCITS ETF (DE)DE0005933972 588 0.51% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 517 0.31% p.a. Distributing Germany Full replication
Amundi DAX 50 ESG II UCITS ETF DistDE000ETF9090 261 0.15% p.a. Distributing Germany Full replication
Amundi DIVDAX UCITS ETF DistLU2611731741 76 0.25% p.a. Distributing Luxembourg Full replication
Amundi TecDAX UCITS ETF DistDE000ETF9082 72 0.40% p.a. Distributing Germany Full replication
Amundi DAX 50 ESG UCITS ETF DR (C)LU2240851688 32 0.15% p.a. Accumulating Luxembourg Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
TecDAX® -1.24% -3.64% -7.13% 4.14% 8.44%
MDAX® 0.53% -1.73% -2.63% 13.10% 8.88%
DivDAX® 3.58% 1.98% 3.17% 18.14% 30.30%
DAX® 50 ESG+ 1.09% -0.60% -0.35% 20.25% 46.92%
Index   2025
in %
2024
in %
2023
in %
2022
in %
2021
in %
TecDAX® 3.70% 3.38% 6.75% -29.45% 15.45%
MDAX® 15.65% -5.10% 1.51% -32.48% 7.91%
DAX® 50 ESG+ 15.98% 16.93% 12.50% -19.21% 9.79%
DivDAX® 17.36% 6.01% 10.07% -15.33% 8.76%

Source: justETF.com; As of 30.11.25; 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 3 indices on the Eurozone tracked by 23 ETFs. The total expense ratio (TER) of ETFs on the Eurozone is between 0.05% p.a. and 0.20% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
EURO STOXX® Europe
Germany: 26.60%
(30/11/2022)
1 ETF 299
(28.06.24)
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: 30.90%
(30/11/2022)
15 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europe
Germany: 25.37%
(30/11/2022)
7 ETFs 223
(28.11.25)
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 CHF
TER
in %
Use of profits Fund domicile Replication method
iShares EURO STOXX 50 UCITS ETF (DE)DE0005933956 7,829 0.09% p.a. Distributing Germany Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 6,319 0.10% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 5,648 0.09% p.a. Accumulating Luxembourg Full replication
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 5,292 0.12% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 5,039 0.09% p.a. Distributing Luxembourg Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 4,587 0.10% p.a. Distributing Ireland Full replication
Amundi EURO STOXX 50 II UCITS ETF AccFR0007054358 3,398 0.20% p.a. Accumulating France Full replication
UBS Core MSCI EMU UCITS ETF EUR accLU0950668870 3,099 0.12% p.a. Accumulating Luxembourg Full replication
Amundi Core EURO STOXX 50 UCITS ETF EUR AccLU1681047236 2,833 0.09% p.a. Accumulating Luxembourg Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 2,536 0.20% p.a. Distributing Germany Full replication
Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 1,962 0.12% p.a. Distributing Luxembourg Full replication
UBS Core MSCI EMU UCITS ETF EUR disLU0147308422 1,417 0.12% p.a. Distributing Luxembourg Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 1,215 0.05% p.a. Distributing Ireland Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 1,102 0.05% p.a. Accumulating Ireland Unfunded swap
Amundi Core EURO STOXX 50 UCITS ETF EUR DistLU1681047319 763 0.09% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012739431 654 0.10% p.a. Accumulating France Full replication
Amundi Core MSCI EMU UCITS ETF DistLU1646360971 625 0.12% p.a. Distributing Luxembourg Full replication
UBS EURO STOXX 50 UCITS ETF EUR disLU0136234068 606 0.09% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012740983 579 0.10% p.a. Distributing France Full replication
SPDR MSCI EMU UCITS ETFIE00B910VR50 284 0.18% p.a. Accumulating Ireland Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-UKdisLU1107559376 105 0.12% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 55 0.05% p.a. Distributing Ireland Unfunded swap
Amundi Core EURO STOXX 50 UCITS ETF USD AccLU1681047400 31 0.09% p.a. Accumulating Luxembourg Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
EURO STOXX® 50 0.04% 5.77% 5.99% 21.48% 47.64%
MSCI EMU 0.17% 5.16% 6.13% 23.18% 45.14%
EURO STOXX® 0.25% 5.06% 6.01% 23.48% 45.02%
Index   2025
in %
2024
in %
2023
in %
2022
in %
2021
in %
EURO STOXX® 50 18.47% 13.11% 15.46% -13.45% 17.52%
MSCI EMU 20.80% 11.77% 12.17% -16.45% 17.80%
EURO STOXX® 21.13% 11.20% 11.87% -16.45% 17.45%

Source: justETF.com; As of 30.11.25; Calculations in CHF based on the largest ETF of the respective index.