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What is the DAX stock index? What components does it cover?

TraderKnows
TraderKnows
04-28

The DAX stock index represents 40 major German companies with high market capitalization and liquidity, listed at the Frankfurt Stock Exchange. It's a key benchmark for international investors.

What is the DAX Stock Index (Deutscher Aktien Index)?

The DAX stock index is a German stock index that represents 40 major companies listed on the Frankfurt Stock Exchange with significant market value and liquidity. It is one of the most important stock indices in Germany and serves as a crucial reference for international investors to gauge the overall performance of the German stock market.

How is the DAX Stock Index Calculated?

The price data for the DAX index is sourced from the electronic trading system Xetra, an electronic trading platform of the German Stock Exchange. The index is calculated using a free-float market capitalization-weighted method, combined with an average trading volume indicator. Free-float market capitalization refers to the company's market value minus its own shares, providing a more accurate reflection of the company's actual market value and influence.

What are the Constituent Stocks of the DAX Stock Index?

The DAX index was created in 1988 with an initial index level of 1,163 points. The total market value of DAX member companies accounts for approximately 80% of the total market value of the Frankfurt Stock Exchange. Initially, the DAX index had 30 constituent companies, but as of September 3, 2021, it has expanded to 40. These constituents represent different industries and sectors of the German economy, including automotive, financial, chemical, and electricity.

Below are the constituent stocks of the DAX index as of September 3, 2021 (in alphabetical order):

  1. Adidas AG
  2. Allianz SE
  3. BASF SE
  4. Bayer AG
  5. Beiersdorf AG
  6. BMW AG
  7. Continental AG
  8. Covestro AG
  9. Daimler AG
  10. Deutsche Bank AG
  11. Deutsche Börse AG
  12. Deutsche Post AG
  13. Deutsche Telekom AG
  14. E.ON SE
  15. Fresenius Medical Care AG & Co. KGaA
  16. Fresenius SE & Co. KGaA
  17. HeidelbergCement AG
  18. Henkel AG & Co. KGaA
  19. Infineon Technologies AG
  20. Linde plc
  21. Merck KGaA
  22. MTU Aero Engines AG
  23. Munich Reinsurance Company
  24. Porsche Automobil Holding SE
  25. RWE AG
  26. SAP SE
  27. Siemens AG
  28. Siemens Energy AG
  29. Volkswagen AG (VW AG)
  30. Vonovia SE
  31. Delivery Hero SE
  32. Deutsche Wohnen SE
  33. Deutsche Wohnen SE
  34. Deutsche EuroShop AG
  35. K+S AG
  36. Sartorius AG
  37. Symrise AG
  38. Zalando SE
  39. Puma SE
  40. Siemens Healthineers AG

Please note, the composition of the stocks may change over time. The latest DAX index constituents can be obtained from the official website of the Frankfurt Stock Exchange or financial data providers.

Risk Warning and Disclaimer

The market carries risks, and investment should be cautious. This article does not constitute personal investment advice and has not taken into account individual users' specific investment goals, financial situations, or needs. Users should consider whether any opinions, viewpoints, or conclusions in this article are suitable for their particular circumstances. Investing based on this is at one's own responsibility.

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DAX Stock Index

DAX指数(Dax Stock Index)是指由德国30家最大市值的上市公司,按照市值加权的方式组成的,德国法兰克福证券交易所最重要的股票指数。

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