DAX - Wikipedia Jump to content Main menu Main menu move to sidebar hide Navigation Main page Contents Current events Random article About Wikipedia Contact us Contribute Help Learn to edit Community portal Recent changes Upload file Special pages Search Search Appearance Donate Create account Log in Personal tools Donate Create account Log in Contents move to sidebar hide (Top) 1 Versions 2 Contract specifications 3 Price history 4 Record values 5 Annual returns 6 Components 7 Former DAX components 8 See also 9 References 10 External links Toggle the table of contents DAX 52 languages Afrikaans العربية Asturianu Azərbaycanca Беларуская Български Català Čeština Cymraeg Dansk Deutsch Ελληνικά Español Eesti فارسی Suomi Français עברית हिन्दी Hrvatski Magyar Հայերեն Bahasa Indonesia Íslenska Italiano 日本語 한국어 Кыргызча Latina Lietuvių Latviešu Македонски Bahasa Melayu Nederlands Norsk nynorsk Norsk bokmål Polski Português Română Русский Simple English Slovenčina Slovenščina Српски / srpski Svenska Türkçe Українська Oʻzbekcha / ўзбекча Tiếng Việt 吴语 粵語 中文 Edit links Article Talk English Read Edit View history Tools Tools move to sidebar hide Actions Read Edit View history General What links here Related changes Upload file Permanent link Page information Cite this page Get shortened URL Switch to legacy parser Print/export Download as PDF Printable version In other projects Wikimedia Commons Wikidata item Appearance move to sidebar hide From Wikipedia, the free encyclopedia Blue chip stock market index For other uses, see Dax (disambiguation). (March 2025)</small><ref>{{Cite web|url=https://stoxx.com/index/daxnr/|title=1-DAX (DAXNR) (DE000A1A4D00)|website=STOXX}}</ref>"},"weighting":{"wt":"[[Capitalization-weighted index|Capitalization-weighted]]"},"related":{"wt":"[[MDAX]], [[SDAX]], [[TecDAX]]"},"homepage":{"wt":"[https://www.boerse-frankfurt.de/indices/dax?mic=XETR Official website]"}},"i":0}}]}'>DAX Foundation 1 July 1988 Operator STOXX (Qontigo, Deutsche Börse) Exchanges Frankfurt Stock Exchange Constituents 40 (expanded from 30 in 2021) Type Large cap Market cap €1.891 trillion (March 2025)[1] Weighting method Capitalization-weighted Related indices MDAX, SDAX, TecDAX Website Official website The DAX (Deutscher Aktienindex (German stock index); German pronunciation: [daks] ⓘ) is a stock market index consisting of the 40 major German blue chip companies trading on the Frankfurt Stock Exchange. It is a total return index. Prices are taken from the Xetra trading venue. According to Deutsche Börse, the operator of Xetra, DAX measures the performance of the Prime Standard's 40 largest German companies in terms of order book volume and market capitalization.[2] DAX is the equivalent of the UK FTSE 100 and the US Dow Jones Industrial Average, and because of its small company selection it does not necessarily represent the vitality of the German economy as a whole. The L-DAX Index is an indicator of the German benchmark DAX index's performance after the Xetra trading venue closes based on the floor trading at the Börse Frankfurt trading venue. The L-DAX Index basis is the "floor" trade (Parketthandel) at the Frankfurt stock exchange; it is computed daily between 09:00 and 17:45 Hours CET.[3] The L/E-DAX index (Late/Early DAX) is calculated from 17:55 to 22:00 CET and from 08:00 to 09:00 CET. The Eurex, a European electronic futures and options exchange based in Zurich, Switzerland with a subsidiary in Frankfurt, Germany, offers options (ODAX) and Futures (FDAX) on the DAX from 01:10 to 22:00 CET or from 02:10 to 22:00 CEST.[4] The Base date for the DAX is 30 December 1987, and it was started from a base value of 1,000. The Xetra technology calculates the index every second since 1 January 2006. On 24 Nov 2020, Deutsche Börse announced an expansion of the DAX from 30 to 40 members and a tightening of rules in response to the Wirecard accounting scandal.[5] The expansion occurred in the 3rd quarter of 2021.[6] Versions [edit source] The DAX has two versions, called performance index and price index, depending on whether dividends are counted. The performance index, which measures total return, is the more commonly quoted, however the price index is more similar to commonly quoted indexes in other countries.[citation needed] Contract specifications [edit source] DAX futures are traded on the Deutsche Borse Indices & ETF exchange (DBIndex). The contract specifications for the DAX Combined Index (ticker symbol DAXA) are listed below: Contract Specifications[7] DAX Combined Index (DAXA) Exchange: DBIndex Sector: Index Tick Size: 0.01 Tick Value: 1 EUR Big Point Value (BPV): 100 Denomination: EUR Decimal Place: 2 Price history [edit source] On 16 March 2015, the performance index first closed above 12,000.[8] Record values [edit source] Category All-time highs[9][10] Closing 26,440.31 Friday, 14 August 2026 Intraday 26,573.50 Wednesday, 12 August 2026 Annual returns [edit source] The following collapsible table shows the annual development of the DAX, calculated retroactively up to 1950.[11][12] Year Closing level Change in Index in Points Change in Index in % 1950 30.18 −2.42 −7.42 1951 65.01 34.83 115.41 1952 59.75 −5.26 −8.09 1953 74.09 14.34 24.00 1954 135.28 61.19 82.59 1955 148.81 13.53 10.00 1956 137.80 −11.01 −7.40 1957 144.97 7.17 5.20 1958 232.23 87.26 60.19 1959 417.79 185.56 79.90 1960 534.09 116.30 27.84 1961 489.79 −44.30 −8.29 1962 386.32 −103.47 −21.13 1963 438.95 52.63 13.62 1964 477.89 38.94 8.87 1965 422.36 −55.53 −11.62 1966 333.36 −89.00 −21.07 1967 503.22 169.86 50.95 1968 555.62 52.40 10.41 1969 622.38 66.76 12.02 1970 443.86 −178.52 −28.68 1971 473.46 29.60 6.67 1972 536.36 62.90 13.29 1973 403.88 −132.48 −24.70 1974 401.79 −2.09 −0.52 1975 563.25 161.46 40.19 1976 509.02 −54.23 −9.63 1977 549.34 40.32 7.92 1978 575.15 25.81 4.70 1979 497.79 −77.36 −13.45 1980 480.92 −16.87 −3.39 1981 490.39 9.47 1.97 1982 552.77 62.38 12.72 1983 773.95 221.18 40.01 1984 820.91 46.96 6.07 1985 1,366.23 545.32 66.43 1986 1,432.25 66.02 4.83 1987 1,000.00 −432.25 −30.18 1988 1,327.87 327.87 32.79 1989 1,790.37 462.50 34.83 1990 1,398.23 −392.14 −21.90 1991 1,577.98 179.75 12.86 1992 1,545.05 −32.93 −2.09 1993 2,266.68 721.63 46.71 1994 2,106.58 −160.10 −7.06 1995 2,253.88 147.30 6.99 1996 2,888.69 634.81 28.17 1997 4,249.69 1,361.00 47.11 1998 5,002.39 752.70 17.71 1999 6,958.14 1,955.75 39.10 2000 6,433.61 −524.53 −7.54 2001 5,160.10 −1,273.51 −19.79 2002 2,892.63 −2,267.47 −43.94 2003 3,965.16 1,072.53 37.08 2004 4,256.08 290.92 7.34 2005 5,408.26 1,152.18 27.07 2006 6,596.92 1,188.66 21.98 2007 8,067.32 1,470.40 22.29 2008 4,810.20 −3,257.12 −40.37 2009 5,957.43 1,147.23 23.85 2010 6,914.19 956.76 16.06 2011 5,898.35 −1,015.84 −14.69 2012 7,612.39 1,714.04 29.06 2013 9,552.16 1,939.77 24.77 2014 9,805.55 253.39 2.65 2015 10,743.01 937.46 9.56 2016 11,481.06 738.05 6.87 2017 12,917.64 1,436.58 12.51 2018 10,558.96 −2,358.68 −18.26 2019 13,249.01 2,690.05 25.48 2020 13,718.78 469.77 3.55 2021 15,884.86 2,166.08 15.79 2022 13,923.59 −1,961.27 −12.35 2023 16,751.64 2,828.05 20.31 2024 19,909.14 3,157.50 18.85 2025 24,490.41 4,581.27 23.01 Components [edit source] Below is the list of companies which are a component of the DAX 40, as of 22 September 2025. The current stock prices and list of DAX companies are available from financial websites.[13][14] The index weighting refers to the DAX performance index.[15] Ticker Logo Company Prime Standard Sector Index weighting (%)1 Employees Founded ADS.DE Adidas Apparel 2.5 062,035 (2024) 1924 AIR.PA Airbus Aerospace & Defence 6.1 126,495 (2021) 1970 ALV.DE Allianz Financial Services 8.4 156,626 (2024) 1890 BAS.DE BASF Chemicals 2.8 111,822 (2024) 1865 BAYN.DE Bayer Pharmaceuticals 1.5 094,081 (2024) 1863 BEI.DE Beiersdorf Consumer goods 0.7 022,678 (2024) 1882 BMW.DE BMW Automotive 1.5 159,104 (2024) 1916 BNR.DE Brenntag Distribution 0.5 018,122 (2024) 1874 CBK.DE Commerzbank Financial Services 1.5 040,233 (2024) 1870 CON.DE Continental Automotive 0.5 190,875 (2021) 1871 DTG.DE Daimler Truck Automotive 1.3 099,849 (2021) 2021 DBK.DE Deutsche Bank Financial Services 2.8 082,969 (2021) 1870 DB1.DE Deutsche Börse Financial Services 3.1 010,200 (2021) 1992 DHL.DE Deutsche Post Logistics 2.5 482,638 (2024) 1995 DTE.DE Deutsche Telekom Telecommunication 7.5 204,414 (2024) 1995 EOAN.DE E.ON Utilities 1.8 072,242 (2024) 2000 FRE.DE Fresenius Healthcare 1.0 316,078 (2021) 1912 FME.DE Fresenius Medical Care Healthcare 0.6 130,251 (2021) 1996 G1A.DE GEA Group Mechanical Engineering TBD 018,500 (2024) 1881 HNR1.DE Hannover Re Insurance 1.0 003,346 (2021) 1966 HEI.DE Heidelberg Materials Construction Materials 1.5 051,209 (2021) 1874 HEN3.DE Henkel Consumer Goods 0.8 052,450 (2021) 1876 IFX.DE Infineon Technologies Technology 2.7 050,280 (2021) 1999 MBG.DE Mercedes-Benz Group Automotive 2.5 175,000 (2024) 1926 MRK.DE Merck Pharmaceuticals 1.1 0062,557 (2024) 1668 MTX.DE MTU Aero Engines Aerospace & Defence 1.1 010,833 (2022) 1934 MUV2.DE Munich Re Financial Services 4.8 040,177 (2022) 1880 PAH3.DE Porsche SE Automotive 0.4 000882 (2021) 2007 QIA.DE Qiagen Biotech 0.5 005,765 (2024) 1984 RHM.DE Rheinmetall Aerospace & Defence 3.5 028,539 (2024) 1889 RWE.DE RWE Utilities 1.3 018,246 (2021) 1898 SAP.DE SAP Technology 14.0 109,972 (2024) 1972 G24.DE Scout24 E-Commerce TBD 001,200 (2024) 2012 SIE.DE Siemens Industrials 10.7 327,000 (2024) 1847 ENR.DE Siemens Energy Energy technology 2.5 092,000 (2021) 2020 SHL.DE Siemens Healthineers Medical Equipment 0.9 066,000 (2021) 2020 SY1.DE Symrise Chemicals 0.7 011,276 (2021) 2003 VOW3.DE Volkswagen Group Automotive 1.3 679,472 (2024) 1937 VNA.DE Vonovia Real Estate 1.1 015,900 (2022) 2001 ZAL.DE Zalando E-Commerce 0.5 017,000 (2021) 2008 ^Note 1: Weightings as of 22 September 2025[15] Former DAX components [edit source] This section needs more citations. Please help improve this section by adding citations to reliable sources. Unsourced material may be challenged and removed. Find sources: "DAX" – news · newspapers · books · scholar · JSTOR (July 2021) (Learn how and when to remove this message) This table lists former DAX components and the companies which replaced them. Date Component excluded Component included Reason for exclusion/ Comments 03.09.1990 Feldmühle Nobel Metallgesellschaft Takeover of Feldmühle Nobel by Stora Enso Nixdorf Germany Preussag (now TUI) Merged with Siemens to form Siemens-Nixdorf 18.09.1995 Deutsche Babcock SAP Replaced by SAP because of lower market capitalisation 22.07.1996 Kaufhof METRO Merger of Kaufhof and Metro Cash & Carry 23.09.1996 Continental Münchener Rück Continental was added back to the DAX on 22 September 2003, though it was demoted again in 2008 and added back again in 2012 18.11.1996 Metallgesellschaft Deutsche Telekom IPO of Deutsche Telekom 22.06.1998 Bayerische Hypotheken- und Wechselbank Adidas Merger of Vereinsbank and Hypobank to form HypoVereinsbank Bayerische Vereinsbank HypoVereinsbank 21.12.1998 Daimler-Benz DaimlerChrysler (now Daimler) Merger of Daimler-Benz with Chrysler 22.03.1999 Degussa Degussa-Hüls Merger of Degussa AG with Hüls AG and renaming to Degussa-Hüls AG 25.03.1999 Thyssen ThyssenKrupp Merger of Thyssen and Krupp 20.09.1999 Hoechst Fresenius Medical Care Merger of Hoechst and Rhône-Poulenc with Aventis 14.02.2000 Mannesmann Epcos Takeover of Mannesmann by Vodafone 19.06.2000 Veba E.ON Merger of Veba and Viag to form E.ON VIAG Infineon 18.12.2000 Degussa-Hüls Degussa Merger of Degussa-Hüls AG and SKW Trostberg AG to new Degussa AG 19.03.2001 KarstadtQuelle Deutsche Post IPO of Deutsche Post 23.07.2001 Dresdner Bank MLP Vz. Takeover of Dresdner Bank by Allianz…