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 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%.

0.09% 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: -3.47%
1 year: 14.23%
3 years: 15.42%
5 years: 39.21%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, 1 index tracked by 5 ETFs are available. On the DAX® index there are 5 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 5 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 3,057 0.09% p.a. Accumulating Luxembourg Full replication
Lyxor DAX (DR) UCITS ETF EURLU0252633754 675 0.15% p.a. Accumulating Luxembourg Full replication
Xtrackers DAX UCITS ETF Income 1DLU0838782315 443 0.09% p.a. Distributing Luxembourg Full replication
Amundi ETF DAX UCITS ETF DRFR0010655712 62 0.10% p.a. Accumulating France Full replication
Vanguard DAX UCITS ETF DistributingIE00BG143G97 15 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® 1.36% 4.30% 7.48% 11.97% 22.67%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
DAX® 17.79% -17.30% 16.22% 23.38% 3.10%

Source: justETF.com; As of 30/11/19; 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
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 58 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 2.69% 1.43% 7.77% 10.32% 31.52%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
Solactive Mittelstand Deutschland 16.89% -22.62% 36.18% 22.40% 11.44%

Source: justETF.com; As of 30/11/19; 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 3 indices on the Eurozone tracked by 17 ETFs. All Eurozone indices weight Germany with around 27% to 31%. 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: 26.85%
(31/03/2019)
1 ETF 302
(30/09/19)
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: 31.10%
(31/03/2019)
10 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europe
Germany: 27.02%
(31/03/2019)
6 ETFs 244
(29/11/19)
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 GBP
TER
in %
Use of profits Fund domicile Replication method
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 3,694 0.10% p.a. Distributing Ireland Full replication
iShares Core EURO STOXX 50 UCITS ETF (Acc)IE00B53L3W79 3,292 0.10% p.a. Accumulating Ireland Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 2,589 0.09% p.a. Distributing Luxembourg Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 2,520 0.09% p.a. Accumulating Luxembourg Full replication
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 1,925 0.12% p.a. Accumulating Ireland Full replication
Xtrackers MSCI EMU Index UCITS ETF 1DLU0846194776 1,724 0.15% p.a. Distributing Luxembourg Full replication
Amundi Index MSCI EMU UCITS ETF DR EUR (C)LU1602144575 1,232 0.25% p.a. Accumulating Luxembourg Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 1,072 0.18% p.a. Distributing Luxembourg Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 349 0.15% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 270 0.05% p.a. Accumulating Ireland Unfunded swap
Lyxor Core MSCI EMU (DR) UCITS ETFLU1646360971 246 0.12% p.a. Distributing Luxembourg Full replication
SPDR MSCI EMU UCITS ETFIE00B910VR50 215 0.18% p.a. Accumulating Ireland Full replication
Lyxor Core EURO STOXX 50 (DR) UCITS ETF AccLU0908501215 123 0.07% p.a. Accumulating Luxembourg Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 114 0.05% p.a. Distributing Ireland Full replication
Lyxor EURO STOXX 300 (DR) UCITS ETF D-EURLU0908501132 49 0.07% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 42 0.05% p.a. Distributing Ireland Unfunded swap
Vanguard EURO STOXX 50 UCITS ETF DistributingIE00BF4R5F15 31 0.10% p.a. Distributing Ireland Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
MSCI EMU 0.87% 1.42% 7.24% 12.38% 31.77%
EURO STOXX® 1.22% 1.55% 7.47% 12.90% 34.32%
EURO STOXX® 50 1.05% 1.98% 8.51% 15.38% 33.20%
Index   2019
in %
2018
in %
2017
in %
2016
in %
2015
in %
MSCI EMU 18.91% -11.68% 16.84% 22.09% 3.87%
EURO STOXX® 19.25% -11.43% 18.24% 24.27% 4.35%
EURO STOXX® 50 21.27% -10.83% 13.65% 22.16% 0.66%

Source: justETF.com; As of 30/11/19; Calculations in GBP based on the largest ETF of the respective index.