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.

0,09% 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: -5,63%
1 year: -21,06%
3 years: -4,06%
5 years: -8,06%

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 5 ETFs. On the DAX® index there are 4 ETFs. On the FTSE Germany All Cap index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is between 0,09% p.a. and 0,16% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

DAX®

Alemania 4 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

Alemania 1 ETF 166
(31/3/22)
The FTSE Germany All Cap index tracks large, mid and small cap securities from Germany.
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 4.603 0,16% p.a. Acumulación Alemania Replicación física perfecta
Xtrackers DAX UCITS ETF 1CLU0274211480 3.208 0,09% p.a. Acumulación Luxemburgo Replicación física perfecta
Lyxor DAX (DR) UCITS ETF - AccLU0252633754 480 0,15% p.a. Acumulación Luxemburgo Replicación física perfecta
Vanguard Germany All Cap UCITS ETF DistributingIE00BG143G97 107 0,10% p.a. Distribución Irlanda Replicación física perfecta
iShares Core DAX® UCITS ETF (DE) EUR (Dist)DE000A2QP331 12 0,16% p.a. Distribución Alemania Replicación física perfecta
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
FTSE Germany All Cap -8,45% -8,10% -21,37% -26,85% -10,56%
DAX® -6,54% -5,28% -17,41% -21,06% -4,06%
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
FTSE Germany All Cap -28,64% 13,36% 3,75% 24,81% -
DAX® -24,12% 15,24% 2,90% 24,86% -18,70%

Source: justETF.com; As of 30/9/22; Calculations in EUR based on the largest ETF of the respective index.

 

The cheapest Germany ETFs
by total expense ratio (TER)

Show all
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 9 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0,12% p.a. and 0,51% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
DAX® 50 ESG Alemania
Social/Medioambiental
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® Alemania
Dividendo
1 ETF 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® Alemania
Medio
4 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® Alemania
Tecnología
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 1.012 0,51% p.a. Acumulación Alemania Replicación física perfecta
iShares TecDAX UCITS ETF (DE)DE0005933972 661 0,51% p.a. Acumulación Alemania Replicación física perfecta
iShares DivDAX UCITS ETF (DE)DE0002635273 425 0,31% p.a. Distribución Alemania Replicación física perfecta
Invesco MDAX UCITS ETF AIE00BHJYDV33 190 0,19% p.a. Acumulación Irlanda Optimizada muestreo
Lyxor Germany Mid-Cap MDAX UCITS ETF - DistFR0011857234 42 0,20% p.a. Distribución Francia Swap sin fondos
Amundi DAX 50 ESG UCITS ETF DR (C)LU2240851688 12 0,15% p.a. Acumulación Luxemburgo Replicación física perfecta
CSIF (IE) DAX 50 ESG Blue UCITS ETF B EURIE00BKVD2J03 8 0,12% p.a. Acumulación Irlanda Replicación física perfecta
iShares MDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP349 6 0,51% p.a. Distribución Alemania Replicación física perfecta
iShares TecDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP323 2 0,51% p.a. Distribución Alemania Replicación física perfecta
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MDAX® -11,94% -13,49% -29,38% -35,38% -15,39%
TecDAX® -9,34% -7,56% -20,52% -29,08% -6,84%
DAX® 50 ESG -7,67% -7,50% -19,84% -23,40% -
DivDAX® -8,38% -6,94% -18,25% -20,30% -2,47%
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
MDAX® -36,82% 12,83% 8,51% 30,38% -18,24%
TecDAX® -32,23% 20,72% 6,31% 22,49% -3,61%
DAX® 50 ESG -26,25% 15,25% - - -
DivDAX® -21,66% 13,68% 2,13% 23,17% -16,58%

Source: justETF.com; As of 30/9/22; 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 25 ETFs. 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® 50 Europa
Germany: 32,00%
(31/05/2022)
15 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europa
Germany: 25,82%
(31/05/2022)
8 ETFs 230
(31/8/22)
The MSCI EMU index tracks large and mid cap stocks from countries in the European Economic and Monetary Union.
Index factsheet
Solactive GBS Developed Markets Eurozone Large & Mid Cap Europa
Germany: 24,70%
(31/05/2022)
2 ETFs 223
(31/3/22)
The Solactive GBS Developed Markets Eurozone Large & Mid Cap index tracks large and mid cap securities from Eurozone countries.
Index factsheet
ETF
ISIN
  Fund size
in m EUR
TER
in %
Use of profits Fund domicile Replication method
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 3.177 0,10% p.a. Distribución Irlanda Replicación física perfecta
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 2.699 0,10% p.a. Acumulación Irlanda Replicación física perfecta
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 2.562 0,09% p.a. Acumulación Luxemburgo Replicación física perfecta
Lyxor EURO STOXX 50 (DR) UCITS ETF - AccFR0007054358 2.376 0,20% p.a. Acumulación Francia Replicación física perfecta
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 2.010 0,12% p.a. Acumulación Irlanda Replicación física perfecta
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 1.758 0,09% p.a. Distribución Luxemburgo Replicación física perfecta
Amundi EURO STOXX 50 UCITS ETF EUR (C)LU1681047236 1.555 0,15% p.a. Acumulación Luxemburgo Replicación física perfecta
Amundi Index MSCI EMU UCITS ETF DR EUR (C)LU1602144575 1.199 0,25% p.a. Acumulación Luxemburgo Replicación física perfecta
Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 985 0,12% p.a. Distribución Luxemburgo Replicación física perfecta
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 448 0,18% p.a. Distribución Luxemburgo Replicación física perfecta
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 362 0,15% p.a. Distribución Luxemburgo Replicación física perfecta
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 322 0,05% p.a. Distribución Irlanda Replicación física perfecta
Lyxor Core MSCI EMU (DR) UCITS ETF - DistLU1646360971 240 0,12% p.a. Distribución Luxemburgo Replicación física perfecta
SPDR MSCI EMU UCITS ETFIE00B910VR50 192 0,18% p.a. Acumulación Irlanda Replicación física perfecta
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 181 0,05% p.a. Acumulación Irlanda Swap sin fondos
Lyxor Core EURO STOXX 50 (DR) UCITS ETF AccLU0908501215 102 0,07% p.a. Acumulación Luxemburgo Replicación física perfecta
Amundi EURO STOXX 50 UCITS ETF EUR (D)LU1681047319 96 0,15% p.a. Distribución Luxemburgo Replicación física perfecta
BBVA Acción Eurostoxx 50 ETF FI Cotizado ArmonizadoES0105321030 95 0,20% p.a. Distribución España Replicación física perfecta
Amundi Prime Eurozone UCITS ETF DR (D)LU1931974429 38 0,05% p.a. Distribución Luxemburgo Replicación física perfecta
Amundi Prime Eurozone UCITS ETF DR (C)LU2089238112 37 0,05% p.a. Acumulación Luxemburgo Replicación física perfecta
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 20 0,05% p.a. Distribución Irlanda Swap sin fondos
Amundi ETF EURO STOXX 50 UCITS ETF DR USDLU1681047400 10 0,15% p.a. Acumulación Luxemburgo Replicación física perfecta
Lyxor Core MSCI EMU (DR) UCITS ETF - AccLU1646361276 7 0,12% p.a. Acumulación Luxemburgo Replicación física perfecta
Amundi Index MSCI EMU UCITS ETF DR (D)LU2059756325 2 0,25% p.a. Distribución Luxemburgo Replicación física perfecta
HSBC EURO STOXX 50 UCITS ETF EUR (Acc)IE000MWUQBJ0 0 0,05% p.a. Acumulación Irlanda Replicación física perfecta
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Solactive GBS Developed Markets Eurozone Large & Mid Cap -8,07% -5,00% -15,74% -18,09% -1,44%
MSCI EMU -7,32% -4,49% -15,28% -17,55% -0,18%
EURO STOXX® 50 -6,75% -3,69% -14,14% -15,51% 0,51%
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
Solactive GBS Developed Markets Eurozone Large & Mid Cap -22,52% 25,58% -3,86% - -
MSCI EMU -22,28% 23,17% -0,76% 26,22% -12,40%
EURO STOXX® 50 -20,91% 23,74% -3,02% 29,67% -11,54%

Source: justETF.com; As of 30/9/22; Calculations in EUR based on the largest ETF of the respective index.