DAX vs VOO
Global X Dax Germany ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. VOO delivered stronger 1-year returns. VOO offers more diversification with 509 holdings.
Side-by-Side Comparison
| Metric | DAX | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.20% | 0.03% | |
| AUM | $236M | $997.4B | |
| Dividend Yield | 2.06% | 1.08% | |
| Holdings | 44 | 509 | |
| YTD Return | +4.38% | +12.95% | |
| 1Y Return | +5.82% | +20.69% | |
| 3Y Return (annualized) | +20.40% | +22.09% | |
| 5Y Return (annualized) | +9.46% | +13.40% | |
| Volatility (annualized) | 33.7% | 14.1% | |
| Max Drawdown | -56.1% | -34.3% | |
| Fund Family | Global X by mirae Asset | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Oct 22, 2014 | Sep 7, 2010 |
DAX vs VOO Performance
Global X Dax Germany ETF (DAX) is a ETF from Global X by mirae Asset and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DAX returned +5.82% while VOO returned +20.69%. Year to date, DAX is up 4.38% versus a gain of 12.95% for VOO.
Over three years, DAX compounded at +20.40% per year against +22.09% for VOO; over five years the annualized figures are +9.46% and +13.40% respectively. Across the full 16-year window we track, VOO has the edge at +13.50% annualized vs +4.36%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DAX has been the more volatile fund, with annualized monthly volatility of 33.7% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -56.1% for DAX and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.46. They move independently enough that combining them can meaningfully diversify a portfolio.
Fees and Cost Over Time
DAX charges 0.20% per year while VOO charges 0.03%. On a $10,000 position that is $20 vs $3 annually, a gap of $17 per year that compounds over a long holding period. On income, DAX currently yields 2.06% against 1.08% for VOO.
Holdings Overlap
DAX and VOO share 1 holdings out of 544 unique holdings combined, representing a 0.5% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DAX | Weight in VOO | Difference |
|---|---|---|---|
| MRK | 1.05% | 0.49% | 0.56% |
Frequently Asked Questions
Which is cheaper, DAX or VOO?
DAX has an expense ratio of 0.20% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $17 per year of difference.
Which performed better, DAX or VOO?
Over the past year DAX returned +5.82% vs +20.69% for VOO, so VOO leads on 1-year performance. Over the longest common window we track (16 years), DAX annualized +4.36% vs +13.50% for VOO. Past performance does not guarantee future results.
Which is riskier, DAX or VOO?
DAX has been the more volatile fund at 33.7% annualized versus 14.1% for VOO. Worst drawdown: DAX -56.1% vs VOO -34.3%.
Should I hold both DAX and VOO?
DAX and VOO have a monthly-return correlation of 0.46, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DAX and VOO?
DAX and VOO share 1 common holdings with a 0.5% weight overlap. Combined, they hold 544 unique securities.
Which pays a higher dividend, DAX or VOO?
DAX yields 2.06% while VOO yields 1.08%, so DAX currently pays the higher dividend yield.
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