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 3 indices which are tracked by ETFs. Besides these indices, 8 alternative indices are available.
As further alternative, you can consider indices on the Eurozone.
Performance of German stocks (DAX®)
1 month: -3.35%
1 year: 18.82%
3 years: 15.43%
5 years: 40.32%
Indices in comparison
The best indices for ETFs on Germany
For an investment in the German stock market, there are 3 indices available which are tracked by 12 ETFs. On the DAX® index there are 10 ETFs. On the F.A.Z. index there is 1 ETF. On the FTSE Germany All Cap index there is 1 ETF. The total expense ratio (TER) of ETFs on these indices is between 0.08% p.a. and 0.16% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
DAX® | Germany | 10 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 |
F.A.Z. | Germany | 1 ETF | 100 | The F.A.Z index tracks the 100 largest German stock corporations, in terms of market capitalisation, that are traded on Deutsche Börse. 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 EUR | TER in % | Use of profits | Fund domicile | Replication method | |
|---|---|---|---|---|---|---|
| iShares Core DAX UCITS ETF (DE)DE0005933931 | 6,305 | 0.16% p.a. | Accumulating | Germany | Full replication | |
| Xtrackers DAX UCITS ETF 1CLU0274211480 | 4,486 | 0.09% p.a. | Accumulating | Luxembourg | Full replication | |
| Deka DAX UCITS ETFDE000ETFL011 | 1,319 | 0.15% p.a. | Accumulating | Germany | Full replication | |
| Amundi DAX UCITS ETF DistLU2611732046 | 1,166 | 0.08% p.a. | Distributing | Luxembourg | Full replication | |
| Deka DAX (ausschüttend) UCITS ETFDE000ETFL060 | 824 | 0.15% p.a. | Distributing | Germany | Full replication | |
| Amundi ETF DAX UCITS ETF DRFR0010655712 | 740 | 0.10% p.a. | Accumulating | France | Full replication | |
| Amundi DAX III UCITS ETF AccLU0252633754 | 714 | 0.15% p.a. | Accumulating | Luxembourg | Full replication | |
| Vanguard Germany All Cap UCITS ETF DistributingIE00BG143G97 | 157 | 0.10% p.a. | Distributing | Ireland | Full replication | |
| Amundi F.A.Z. 100 UCITS ETF DistLU2611732129 | 85 | 0.15% p.a. | Distributing | Luxembourg | Full replication | |
| Xtrackers DAX UCITS ETF 1DLU1349386927 | 63 | 0.09% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi DAX III UCITS ETF DistLU2090062436 | 57 | 0.15% p.a. | Distributing | Luxembourg | Full replication | |
| iShares Core DAX® UCITS ETF (DE) EUR (Dist)DE000A2QP331 | 27 | 0.16% p.a. | Distributing | Germany | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| F.A.Z. | -1.84% | 2.92% | 4.66% | 24.45% | 6.74% | |
| FTSE Germany All Cap | -1.83% | 3.02% | 6.22% | 27.22% | 10.51% | |
| DAX® | -1.29% | 3.03% | 6.02% | 28.08% | 19.39% |
| Index | 2024 in % | 2023 in % | 2022 in % | 2021 in % | 2020 in % | |
|---|---|---|---|---|---|---|
| F.A.Z. | 10.71% | 16.51% | -17.93% | 15.40% | 1.28% | |
| FTSE Germany All Cap | 12.40% | 19.22% | -17.57% | 13.36% | 3.75% | |
| DAX® | 13.26% | 19.54% | -12.88% | 15.24% | 2.90% |
Source: justETF.com; As of 31.10.24; Calculations in EUR based on the largest ETF of the respective index.
The best Germany ETFs
by 1 year return
| 1 | Xtrackers DAX UCITS ETF 1C | 28.18% |
| 2 | Amundi DAX UCITS ETF Dist | 28.17% |
| 3 | Amundi ETF DAX UCITS ETF DR | 28.15% |
The cheapest Germany ETFs
by total expense ratio (TER)
| 1 | Amundi DAX UCITS ETF Dist | 0.08% p.a. |
| 2 | Xtrackers DAX UCITS ETF 1C | 0.09% p.a. |
| 3 | Xtrackers DAX UCITS ETF 1D | 0.09% p.a. |
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 8 alternative indices on Germany tracked by 17 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.15% p.a. and 0.70% p.a..
| Index | Investment focus | Number of ETFs | Number of constituents | Short description |
|---|---|---|---|---|
| DAXplus® Maximum Dividend | Germany Dividend | 1 ETF | 25 | The DAXplus® Maximum Dividend index tracks 25 German equities with the highest dividend yield. Index factsheet |
| 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 |
| DAX® ex Financials 30 | Germany | 1 ETF | 30 | The DAX® ex Financials 30 index tracks the 30 largest and most traded German stocks listed on the Prime Standard segment of the Frankfurt Stock Exchange, excluding banks, financial services and insurance companies. Index factsheet |
| DivDAX® | Germany Dividend | 3 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 | 5 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 |
| MSCI Germany Climate Change ESG Select | Germany Social/Environmental | 1 ETF | 47 (28.06.24) | The MSCI Germany Climate Change ESG Select index tracks a selection of German companies filtered by ESG criteria (environmental, social and governance). The index weighting scheme takes into account the carbon emissions of the selected companies. The parent index is the MSCI Germany. Index factsheet |
| SDAX® | Germany Small Cap | 1 ETF | 70 | The SDAX® index tracks 70 German small cap stocks. Index factsheet |
| TecDAX® | Germany Technology | 3 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 | 961 | 0.51% p.a. | Accumulating | Germany | Full replication | |
| iShares TecDAX UCITS ETF (DE)DE0005933972 | 651 | 0.51% p.a. | Accumulating | Germany | Full replication | |
| iShares DivDAX UCITS ETF (DE)DE0002635273 | 493 | 0.31% p.a. | Distributing | Germany | Full replication | |
| Deka MDAX UCITS ETFDE000ETFL441 | 320 | 0.30% p.a. | Accumulating | Germany | Full replication | |
| Amundi DAX 50 ESG II UCITS ETF DistDE000ETF9090 | 240 | 0.15% p.a. | Distributing | Germany | Full replication | |
| Deka DAXplus Maximum Dividend UCITS ETFDE000ETFL235 | 234 | 0.30% p.a. | Distributing | Germany | Full replication | |
| Invesco MDAX UCITS ETF AIE00BHJYDV33 | 204 | 0.19% p.a. | Accumulating | Ireland | Optimized sampling | |
| Deka MSCI Germany Climate Change ESG UCITS ETFDE000ETFL540 | 175 | 0.20% p.a. | Distributing | Germany | Full replication | |
| Amundi SDAX UCITS ETF DistLU2611732475 | 102 | 0.70% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi TecDAX UCITS ETF DistDE000ETF9082 | 75 | 0.40% p.a. | Distributing | Germany | Full replication | |
| Amundi DIVDAX UCITS ETF DistLU2611731741 | 72 | 0.25% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi DivDAX II UCITS ETF DistDE000ETF9033 | 60 | 0.25% p.a. | Distributing | Germany | Full replication | |
| Amundi MDAX UCITS ETF DistFR0011857234 | 57 | 0.20% p.a. | Distributing | France | Unfunded swap | |
| Deka DAX ex Financials 30 UCITS ETFDE000ETFL433 | 21 | 0.30% p.a. | Distributing | Germany | Full replication | |
| Amundi DAX 50 ESG UCITS ETF DR (C)LU2240851688 | 21 | 0.15% p.a. | Accumulating | Luxembourg | Full replication | |
| iShares MDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP349 | 14 | 0.51% p.a. | Distributing | Germany | Full replication | |
| iShares TecDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP323 | 6 | 0.51% p.a. | Distributing | Germany | Full replication |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| SDAX® | -5.69% | -6.58% | -7.11% | 4.39% | 1.38% | |
| MDAX® | -2.00% | 3.62% | -0.27% | 8.77% | -25.71% | |
| DAXplus® Maximum Dividend | -3.13% | -3.42% | -5.56% | 10.02% | -2.80% | |
| TecDAX® | -3.31% | -1.81% | 0.52% | 15.30% | -15.30% | |
| DivDAX® | -3.93% | 0.57% | 0.81% | 16.70% | 11.22% | |
| DAX® ex Financials 30 | -2.77% | 0.46% | 2.70% | 22.51% | 2.52% | |
| DAX® 50 ESG+ | -2.36% | 2.42% | 4.79% | 26.97% | 13.69% | |
| MSCI Germany Climate Change ESG Select | -3.10% | 2.40% | 7.00% | 29.98% | 3.83% |
| Index | 2024 in % | 2023 in % | 2022 in % | 2021 in % | 2020 in % | |
|---|---|---|---|---|---|---|
| SDAX® | -5.09% | 5.76% | -4.38% | -8.02% | 15.67% | |
| MDAX® | -3.69% | 7.94% | -29.16% | 12.83% | 8.51% | |
| DAXplus® Maximum Dividend | -2.57% | 26.53% | -20.03% | 9.01% | -2.96% | |
| TecDAX® | -1.62% | 13.52% | -25.98% | 20.72% | 6.31% | |
| DivDAX® | 5.61% | 17.08% | -11.17% | 13.68% | 2.13% | |
| DAX® ex Financials 30 | 7.98% | 16.32% | -18.07% | 13.59% | 5.05% | |
| DAX® 50 ESG+ | 10.99% | 19.64% | -15.25% | 14.82% | - | |
| MSCI Germany Climate Change ESG Select | 12.39% | 21.61% | -23.71% | 9.62% | - |
Source: justETF.com; As of 31.10.24; 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 4 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 0.24% 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) | 16 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) | 6 ETFs | 221 (30.09.24) | 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 | Europe Germany: 24.40% (30/11/2022) | 2 ETFs | 195 (28.06.24) | 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 EURO STOXX 50 UCITS ETF (DE)DE0005933956 | 7,227 | 0.09% p.a. | Distributing | Germany | Full replication | |
| iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 | 4,268 | 0.10% p.a. | Accumulating | Ireland | Full replication | |
| Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 | 3,971 | 0.09% p.a. | Accumulating | Luxembourg | Full replication | |
| iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 | 3,730 | 0.10% p.a. | Distributing | Ireland | Full replication | |
| iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 | 3,579 | 0.12% p.a. | Accumulating | Ireland | Full replication | |
| Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 | 3,552 | 0.09% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi EURO STOXX 50 II UCITS ETF AccFR0007054358 | 2,699 | 0.24% p.a. | Accumulating | France | Full replication | |
| Amundi EURO STOXX 50 UCITS ETF EUR (C)LU1681047236 | 2,217 | 0.09% p.a. | Accumulating | Luxembourg | Full replication | |
| iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 | 1,997 | 0.20% p.a. | Distributing | Germany | Full replication | |
| Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 | 1,338 | 0.12% p.a. | Distributing | Luxembourg | Full replication | |
| HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 | 1,085 | 0.05% p.a. | Distributing | Ireland | Full replication | |
| Deka EURO STOXX 50 UCITS ETFDE000ETFL029 | 833 | 0.15% p.a. | Distributing | Germany | Full replication | |
| Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 | 693 | 0.05% p.a. | Accumulating | Ireland | Unfunded swap | |
| UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 | 536 | 0.12% p.a. | Distributing | Luxembourg | Full replication | |
| Amundi EURO STOXX 50 UCITS ETF DR - EUR (D)LU1681047319 | 524 | 0.09% p.a. | Distributing | Luxembourg | Full replication | |
| UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 | 467 | 0.09% p.a. | Distributing | Luxembourg | Full replication | |
| BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012739431 | 417 | 0.15% p.a. | Accumulating | France | Full replication | |
| Amundi MSCI EMU UCITS ETF DistLU1646360971 | 405 | 0.12% p.a. | Distributing | Luxembourg | Full replication | |
| SPDR MSCI EMU UCITS ETFIE00B910VR50 | 251 | 0.18% p.a. | Accumulating | Ireland | Full replication | |
| BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012740983 | 117 | 0.15% p.a. | Distributing | France | Full replication | |
| Amundi MSCI EMU UCITS ETF AccLU1646361276 | 78 | 0.12% p.a. | Accumulating | Luxembourg | Full replication | |
| Amundi Prime Eurozone UCITS ETF DR (C)LU2089238112 | 69 | 0.05% p.a. | Accumulating | Luxembourg | Full replication | |
| HSBC EURO STOXX 50 UCITS ETF EUR (Acc)IE000MWUQBJ0 | 62 | 0.05% p.a. | Accumulating | Ireland | Full replication | |
| Amundi Prime Eurozone UCITS ETF DR (D)LU1931974429 | 46 | 0.05% p.a. | Distributing | Luxembourg | Full replication | |
| Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 | 21 | 0.05% p.a. | Distributing | Ireland | Unfunded swap |
| Index | 1 month in % | 3 months in % | 6 months in % | 1 year in % | 3 years in % | |
|---|---|---|---|---|---|---|
| EURO STOXX® | -3.19% | -0.73% | 0.02% | 20.59% | 15.04% | |
| MSCI EMU | -3.31% | -0.76% | 0.08% | 20.73% | 15.39% | |
| Solactive GBS Developed Markets Eurozone Large & Mid Cap | -3.40% | -1.12% | -0.29% | 20.90% | 16.16% | |
| EURO STOXX® 50 | -3.33% | -0.70% | -0.45% | 22.44% | 24.07% |
| Index | 2024 in % | 2023 in % | 2022 in % | 2021 in % | 2020 in % | |
|---|---|---|---|---|---|---|
| EURO STOXX® | 8.15% | 18.99% | -12.09% | 22.41% | 0.55% | |
| Solactive GBS Developed Markets Eurozone Large & Mid Cap | 8.26% | 20.09% | -12.01% | 25.57% | - | |
| MSCI EMU | 8.35% | 19.29% | -12.35% | 23.17% | -0.76% | |
| EURO STOXX® 50 | 9.77% | 22.79% | -9.20% | 23.49% | -3.08% |
Source: justETF.com; As of 31.10.24; Calculations in EUR based on the largest ETF of the respective index.