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 4 indices which are tracked by ETFs. Besides these indices, 9 alternative indices are available.

As further alternative, you can consider indices on the Eurozone.

0.08% 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: -4.50%
1 year: 7.94%
3 years: 33.05%
5 years: 28.42%

Indices in comparison

The best indices for ETFs on Germany

For an investment in the German stock market, there are 4 indices available which are tracked by 13 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. On the Solactive Germany 30 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 167
(31.12.21)
The FTSE Germany All Cap index tracks large, mid and small cap securities from Germany.
Index factsheet

Solactive Germany 30

Germany 1 ETF 30
The Solactive Germany 30 index tracks the 30 largest companies in Germany based on free float market capitalization with weight restrictions of 10% per security.
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 6,351 0.16% p.a. Accumulating Germany Full replication
Xtrackers DAX UCITS ETF 1CLU0274211480 4,185 0.09% p.a. Accumulating Luxembourg Full replication
Deka DAX UCITS ETFDE000ETFL011 1,124 0.15% p.a. Accumulating Germany Full replication
Deka DAX (ausschüttend) UCITS ETFDE000ETFL060 981 0.15% p.a. Distributing Germany Full replication
Lyxor Core DAX (DR) UCITS ETFLU0378438732 946 0.08% p.a. Distributing Luxembourg Full replication
Lyxor DAX (DR) UCITS ETF - AccLU0252633754 679 0.15% p.a. Accumulating Luxembourg Full replication
Xtrackers DAX UCITS ETF Income 1DLU0838782315 550 0.09% p.a. Distributing Luxembourg Full replication
Amundi ETF DAX UCITS ETF DRFR0010655712 390 0.10% p.a. Accumulating France Full replication
Vanguard Germany All Cap UCITS ETF DistributingIE00BG143G97 125 0.10% p.a. Distributing Ireland Full replication
Lyxor F.A.Z. 100 Index (DR) UCITS ETFLU0650624025 92 0.15% p.a. Distributing Luxembourg Full replication
Lyxor DAX (DR) UCITS ETF - DistLU2090062436 59 0.15% p.a. Distributing Luxembourg Full replication
iShares Core DAX® UCITS ETF (DE) EUR (Dist)DE000A2QP331 6 0.16% p.a. Distributing Germany Full replication
Deka Germany 30 UCITS ETFDE000ETFL516 5 0.09% p.a. Distributing Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
FTSE Germany All Cap 4.24% 2.50% 0.71% 13.36% 46.80%
Solactive Germany 30 4.75% 2.81% 0.33% 13.70% -
F.A.Z. 3.52% 2.84% 1.60% 15.19% 43.98%
DAX® 5.19% 4.03% 2.18% 15.24% 48.06%
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
FTSE Germany All Cap - 13.36% 3.75% 24.81% -
Solactive Germany 30 - 13.70% 1.49% - -
F.A.Z. - 15.19% 1.50% 23.15% -18.72%
DAX® - 15.24% 2.90% 24.86% -18.70%

Source: justETF.com; As of 31.12.21; Calculations in EUR 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

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 9 alternative indices on Germany tracked by 22 ETFs. The total expense ratio (TER) of ETFs on these alternative indices is between 0.12% 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
3 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
7 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 49
(31.12.21)
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
2 ETFs 70
The SDAX® index tracks 70 German small cap stocks.
Index factsheet
Solactive Mittelstand Deutschland Germany
Mid Cap
1 ETF 69
(31.12.21)
The Solactive Mittelstand Deutschland index tracks the largest 70 German mid cap companies excluding financial services.
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 1,634 0.51% p.a. Accumulating Germany Full replication
iShares TecDAX UCITS ETF (DE)DE0005933972 911 0.51% p.a. Accumulating Germany Full replication
Deka MDAX UCITS ETFDE000ETFL441 719 0.30% p.a. Accumulating Germany Full replication
iShares DivDAX UCITS ETF (DE)DE0002635273 528 0.31% p.a. Distributing Germany Full replication
Deka MSCI Germany Climate Change ESG UCITS ETFDE000ETFL540 346 0.20% p.a. Distributing Germany Full replication
Deka DAXplus Maximum Dividend UCITS ETFDE000ETFL235 337 0.30% p.a. Distributing Germany Full replication
Invesco MDAX UCITS ETF AIE00BHJYDV33 296 0.19% p.a. Accumulating Ireland Optimized sampling
Lyxor MDAX (DR) UCITS ETFLU1033693638 271 0.30% p.a. Distributing Luxembourg Full replication
Lyxor 1 DAX 50 ESG (DR) UCITS ETFDE000ETF9090 227 0.15% p.a. Distributing Germany Full replication
Lyxor SDAX (DR) UCITS ETFLU0603942888 157 0.70% p.a. Distributing Luxembourg Full replication
Lyxor 1 MDAX® UCITS ETFDE000ETF9074 144 0.30% p.a. Distributing Germany Full replication
Xtrackers Mittelstand & MidCap Germany UCITS ETF 1DIE00B9MRJJ36 108 0.40% p.a. Distributing Ireland Full replication
Lyxor 1 TecDAX® UCITS ETFDE000ETF9082 100 0.40% p.a. Distributing Germany Full replication
Lyxor Germany Mid-Cap MDAX UCITS ETF - DistFR0011857234 80 0.20% p.a. Distributing France Unfunded swap
Lyxor DivDAX (DR) UCITS ETFLU0603933895 74 0.25% p.a. Distributing Luxembourg Full replication
Lyxor 1 DivDAX® UCITS ETFDE000ETF9033 47 0.25% p.a. Distributing Germany Full replication
Deka DAX ex Financials 30 UCITS ETFDE000ETFL433 34 0.30% p.a. Distributing Germany Full replication
Lyxor 1 SDAX® UCITS ETFDE000ETF9058 18 0.70% p.a. Distributing Germany Full replication
CSIF (IE) DAX 50 ESG Blue UCITS ETF B EURIE00BKVD2J03 15 0.12% p.a. Accumulating Ireland Full replication
Amundi DAX 50 ESG UCITS ETF DR (C)LU2240851688 11 0.15% p.a. Accumulating Luxembourg Full replication
iShares TecDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP323 2 0.51% p.a. Distributing Germany Full replication
iShares MDAX® UCITS ETF (DE) EUR (Dist)DE000A2QP349 1 0.51% p.a. Distributing Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
DAXplus® Maximum Dividend 5.48% -2.41% -4.42% 9.01% 18.10%
MSCI Germany Climate Change ESG Select 2.90% 2.09% -0.92% 9.62% -
SDAX® 1.21% -0.64% 2.17% 9.92% 67.95%
MDAX® 3.78% 2.29% 3.00% 12.83% 59.64%
Solactive Mittelstand Deutschland 3.36% 1.60% 4.01% 13.38% 71.90%
DAX® ex Financials 30 3.61% 2.00% -0.37% 13.59% 47.70%
DivDAX® 6.81% 1.74% -0.49% 13.68% 43.01%
DAX® 50 ESG 4.88% 3.93% 1.87% 14.82% -
TecDAX® 2.08% 4.64% 9.71% 20.72% 57.20%
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
DAXplus® Maximum Dividend - 9.01% -2.96% 11.64% -18.87%
MSCI Germany Climate Change ESG Select - 9.62% - - -
SDAX® - 9.92% 17.15% 30.42% -20.76%
MDAX® - 12.83% 8.51% 30.38% -18.24%
Solactive Mittelstand Deutschland - 13.38% 17.34% 29.20% -23.82%
DAX® ex Financials 30 - 13.59% 5.05% 23.77% -20.23%
DivDAX® - 13.68% 2.13% 23.17% -16.58%
DAX® 50 ESG - 14.82% - - -
TecDAX® - 20.72% 6.31% 22.49% -3.61%

Source: justETF.com; As of 31.12.21; 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 28 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® Europe
Germany: 28.40%
(31/08/2021)
1 ETF 290
(30.11.21)
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: 32.40%
(31/08/2021)
19 ETFs 50
The EURO STOXX® 50 index tracks the 50 largest companies in the eurozone.
Index factsheet
MSCI EMU Europe
Germany: 27.67%
(31/08/2021)
6 ETFs 233
(31.12.21)
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: 25.60%
(31/08/2021)
2 ETFs 221
(31.12.21)
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 5,968 0.10% p.a. Distributing Germany Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1CLU0380865021 4,573 0.09% p.a. Accumulating Luxembourg Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Dist)IE0008471009 4,356 0.10% p.a. Distributing Ireland Full replication
iShares Core EURO STOXX 50 UCITS ETF EUR (Acc)IE00B53L3W79 4,124 0.10% p.a. Accumulating Ireland Full replication
Lyxor EURO STOXX 50 (DR) UCITS ETF - AccFR0007054358 3,591 0.20% p.a. Accumulating France Full replication
Xtrackers EURO STOXX 50 UCITS ETF 1DLU0274211217 3,502 0.09% p.a. Distributing Luxembourg Full replication
iShares Core MSCI EMU UCITS ETF EUR (Acc)IE00B53QG562 3,236 0.12% p.a. Accumulating Ireland Full replication
Amundi EURO STOXX 50 UCITS ETF EUR (C)LU1681047236 2,333 0.15% p.a. Accumulating Luxembourg Full replication
iShares EURO STOXX UCITS ETF (DE)DE000A0D8Q07 2,116 0.20% p.a. Distributing Germany Full replication
Xtrackers MSCI EMU UCITS ETF 1DLU0846194776 1,817 0.12% p.a. Distributing Luxembourg Full replication
Amundi Index MSCI EMU UCITS ETF DR EUR (C)LU1602144575 1,809 0.25% p.a. Accumulating Luxembourg Full replication
Deka EURO STOXX 50 UCITS ETFDE000ETFL029 1,056 0.15% p.a. Distributing Germany Full replication
UBS ETF (LU) MSCI EMU UCITS ETF (EUR) A-disLU0147308422 746 0.18% p.a. Distributing Luxembourg Full replication
HSBC EURO STOXX 50 UCITS ETF EURIE00B4K6B022 493 0.05% p.a. Distributing Ireland Full replication
UBS ETF (LU) EURO STOXX 50 UCITS ETF (EUR) A-disLU0136234068 431 0.15% p.a. Distributing Luxembourg Full replication
Lyxor Core MSCI EMU (DR) UCITS ETF - DistLU1646360971 328 0.12% p.a. Distributing Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETFIE00B60SWX25 231 0.05% p.a. Accumulating Ireland Unfunded swap
SPDR MSCI EMU UCITS ETFIE00B910VR50 230 0.18% p.a. Accumulating Ireland Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012740983 210 0.18% p.a. Distributing France Full replication
Lyxor Core EURO STOXX 50 (DR) UCITS ETF DistLU0908501488 197 0.07% p.a. Distributing Luxembourg Full replication
BNP Paribas Easy EURO STOXX 50 UCITS ETFFR0012739431 189 0.18% p.a. Accumulating France Full replication
Lyxor Core EURO STOXX 50 (DR) UCITS ETF AccLU0908501215 115 0.07% p.a. Accumulating Luxembourg Full replication
Invesco EURO STOXX 50 UCITS ETF DistIE00B5B5TG76 78 0.05% p.a. Distributing Ireland Unfunded swap
Amundi EURO STOXX 50 UCITS ETF EUR (D)LU1681047319 72 0.15% p.a. Distributing Luxembourg Full replication
Deka EURO STOXX 50 (thesaurierend) UCITS ETFDE000ETFL466 59 0.15% p.a. Distributing Germany Full replication
Amundi Prime Eurozone UCITS ETF DR (D)LU1931974429 58 0.05% p.a. Distributing Luxembourg Full replication
Amundi Prime Eurozone UCITS ETF DR (C)LU2089238112 37 0.05% p.a. Accumulating Luxembourg Full replication
Lyxor 1 EURO STOXX 50® UCITS ETFDE000ETF9504 36 0.15% p.a. Distributing Germany Full replication
 
Index   1 month
in %
3 months
in %
6 months
in %
1 year
in %
3 years
in %
EURO STOXX® 5.05% 5.96% 6.73% 22.41% 57.72%
MSCI EMU 5.30% 6.09% 6.53% 23.17% 54.28%
EURO STOXX® 50 5.95% 6.60% 6.67% 23.49% 56.08%
Solactive GBS Developed Markets Eurozone Large & Mid Cap 4.84% 5.71% 6.43% 25.58% -
Index   2022
in %
2021
in %
2020
in %
2019
in %
2018
in %
MSCI EMU - 23.17% -0.76% 26.22% -12.40%
EURO STOXX® - 22.41% 0.55% 28.14% -12.88%
EURO STOXX® 50 - 23.49% -3.08% 30.41% -12.01%
Solactive GBS Developed Markets Eurozone Large & Mid Cap - 25.58% -3.86% - -

Source: justETF.com; As of 31.12.21; Calculations in EUR based on the largest ETF of the respective index.