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 1 index, which is tracked by ETFs. Besides these indices, 1 alternative index is available.

As further alternative, you can consider indices on Europe. In the below listed indices Germany is weighted with around 30%.

0.09% p.a. - 0.15% 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: -2.50%
1 year: 6.40%
3 years: -1.45%
5 years: 53.15%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, there is 1 index available which is tracked by 4 ETFs. On the DAX® index there are 4 ETFs. The total expense ratio (TER) of ETFs on these indices is between 0.09% p.a. and 0.15% p.a..

Index Investment focus Number of ETFs Number of constituents Short description

DAX®

Germany 4 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
ETF
ISIN
  Fund size
in m GBP
TER
in %
Use of profits Fund domicile Replication method
Xtrackers DAX UCITS ETF 1CLU0274211480 3,235 0.09% p.a. Accumulating Luxembourg Full replication
Lyxor DAX (DR) UCITS ETF - AccLU0252633754 666 0.15% p.a. Accumulating Luxembourg Full replication
Xtrackers DAX UCITS ETF Income 1DLU0838782315 452 0.09% p.a. Distributing Luxembourg Full replication
Amundi ETF DAX UCITS ETF DRFR0010655712 156 0.10% p.a. Accumulating France Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
DAX® -0.17% 3.58% 32.94% 5.30% 1.52%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
DAX® 3.33% 18.17% -17.30% 16.22% 23.38%

Source: justETF.com; As of 30/09/20; Calculations in GBP 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 1 alternative index on Germany tracked by 1 ETF. The total expense ratio (TER) of ETFs on these alternative indices is around 0.40% p.a..

 
Index Investment focus Number of ETFs Number of constituents Short description
Solactive Mittelstand Deutschland Germany
Mid Cap
1 ETF 70
(30/09/20)
The Solactive Mittelstand Deutschland index tracks the largest 70 German mid cap companies excluding financial services.
Index factsheet
ETF
ISIN
  Fund size
in m GBP
TER
in %
Use of profits Fund domicile Replication method
Xtrackers Mittelstand & MidCap Germany UCITS ETF 1DIE00B9MRJJ36 70 0.40% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Solactive Mittelstand Deutschland 1.89% 6.65% 42.39% 17.46% 8.63%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Solactive Mittelstand Deutschland 10.95% 22.19% -22.62% 36.18% 22.40%

Source: justETF.com; As of 30/09/20; Calculations in GBP 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 17 ETFs. All Eurozone indices weight Germany with around 28% to 34%. 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: 30.10%
(29/05/2020)
1 ETF 305
(31/08/20)
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: 33.70%
(29/05/2020)
9 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europe
Germany: 28.19%
(29/05/2020)
6 ETFs 247
(30/09/20)
The MSCI EMU index tracks large and mid cap stocks from countries in the European Economic and Monetary Union.
Index factsheet
Solactive Euro 50 Europe
Germany: 29.20%
(29/05/2020)
1 ETF 50
The Solactive Euro 50 index tracks the 50 largest stocks of the eurozone.
Index factsheet
ETF
ISIN
  Fund size
in m GBP
TER
in %
Use of profits Fund domicile Replication method
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 3,667 0.10% p.a. Distributing Ireland Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 3,241 0.10% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 3,174 0.09% p.a. Accumulating Luxembourg Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 2,181 0.09% p.a. Distributing Luxembourg Full replication
Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 1,636 0.12% p.a. Distributing Luxembourg Full replication
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 1,614 0.12% p.a. Accumulating Ireland Full replication
Amundi Index MSCI EMU UCITS ETF DR EUR (C)LU1602144575 1,177 0.25% p.a. Accumulating Luxembourg Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 640 0.18% p.a. Distributing Luxembourg Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 315 0.15% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 249 0.05% p.a. Accumulating Ireland Unfunded swap
Lyxor Core MSCI EMU (DR) UCITS ETF - DistLU1646360971 205 0.12% p.a. Distributing Luxembourg Full replication
SPDR MSCI EMU UCITS ETFIE00B910VR50 190 0.18% p.a. Accumulating Ireland Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 124 0.05% p.a. Distributing Ireland Full replication
Lyxor Core EURO STOXX 50 (DR) UCITS ETF AccLU0908501215 74 0.07% p.a. Accumulating Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 48 0.05% p.a. Distributing Ireland Unfunded swap
Amundi Prime Eurozone UCITS ETF DR (D)LU1931974429 40 0.05% p.a. Distributing Luxembourg Full replication
Lyxor EURO STOXX 300 (DR) UCITS ETF DistLU0908501132 15 0.07% p.a. Distributing Luxembourg Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
Solactive Euro 50 -1.66% -1.02% 19.93% -7.50% -
EURO STOXX® 50 -1.70% -0.78% 20.67% -5.54% 0.55%
MSCI EMU -0.93% 0.24% 21.82% -4.80% 0.00%
EURO STOXX® -0.87% 0.74% 23.30% -3.03% 2.20%
Index   2020
in %
2019
in %
2018
in %
2017
in %
2016
in %
Solactive Euro 50 -8.64% - - - -
EURO STOXX® 50 -6.63% 23.81% -10.83% 13.65% 22.16%
MSCI EMU -5.77% 19.44% -11.69% 17.48% 22.28%
EURO STOXX® -4.19% 20.52% -11.43% 18.24% 24.27%

Source: justETF.com; As of 30/09/20; Calculations in GBP based on the largest ETF of the respective index.