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STRATEGY INDICES

DAX Covered Call ATM

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Index Description

The DAX Covered Call ATM Index is an innovative investment tool that measures the performance of a hypothetical portfolio reflecting a covered call investment strategy based on the DAX Index, Europe's leading Blue-chip index for Germany. The DAX Covered Call ATM Index reflects a strategy in which an investor buys the DAX Index as underlying instrument and simultaneously sells a DAX ATM call option traded at Eurex.

Key facts

  • The strategy is based on holding a long position of the underlying index and a short position on the respective call option.
  • The call option is rolled monthly and replaced with an ATM option that has a one-month maturity.
  • The index is disseminated real time between 09:00 – 1915 CET Europe.

Descriptive Statistics

Index Market Cap (EUR ) Components (EUR ) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
DAX Covered Call ATM N/A N/A N/A N/A N/A N/A N/A N/A N/A
DAX N/A N/A N/A N/A N/A N/A N/A N/A N/A

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
DAX Covered Call ATM 1.0 4.8 9.9 39.2 62.3 N/A N/A 10.3 11.9 10.4
DAX -0.7 20.1 26.4 86.2 84.6 N/A N/A 27.4 23.4 13.2
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
DAX Covered Call ATM N/A N/A 12.0 10.2 12.3 N/A N/A 0.6 0.8 0.7
DAX N/A N/A 17.9 15.5 17.6 N/A N/A 1.2 1.2 0.6
Index to benchmark Correlation Tracking error (%)
DAX Covered Call ATM 1.0 0.8 0.8 0.8 0.9 3.0 11.4 10.5 9.2 9.0
Index to benchmark Beta Annualized information ratio
DAX Covered Call ATM 0.8 0.6 0.6 0.5 0.6 6.6 -2.0 -1.5 -1.2 -0.4

1For information on data calculation, please refer to STOXX calculation reference guide

2Based on EURIBOR1M

(EUR, Total Return), all data as of August 29, 2025

STRATEGY INDICES

DAX Covered Call ATM

Fundamentals

Index Price/earnings incl. negative Price/earnings excl. negative Price/book Dividend yield (%)3 Price/sales Price/cash flow
Trailing Projected Trailing Projected Trailing Trailing Trailing
DAX Covered Call ATM N/A N/A N/A N/A N/A N/A N/A N/A
DAX N/A N/A N/A N/A N/A N/A N/A N/A

Performance and annual returns

Methodology

The DAX Covered Call ATM Index is an innovative investment tool that measures the performance of a hypothetical portfolio reflecting a covered call investment strategy based on the DAX Index, Europe's leading Blue-chip index for Germany. The DAX Covered Call ATM Index reflects a strategy in which an investor buys the DAX Index as underlying instrument and simultaneously sells a DAX ATM call option traded at Eurex.

Quick Facts

Weighting NA
Cap Factor n/a
No. of components n/a
Review frequency Monthly
Calculation/distribution Realtime 15 sec
Calculation hours 09:00:00 19:15:00
Base value/base date 100 as of January. 18, 2019
History Available from January. 18,2019
Inception date August. 22, 2025
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.

CONTACT DETAILS

  • STOXX customer support
  • P +41 43 430 7272
  • customersupport@stoxx.com
  • https://stoxx.com/support/

DISCLAIMER

STOXX, Deutsche Börse Group and their licensors, research partners or data providers do not make any warranties or representations, express or implied, with respect to the timeliness, sequence, accuracy, completeness, currentness, merchantability, quality or fitness for any particular purpose of its index data and exclude any liability in connection therewith. STOXX, Deutsche Börse Group and their licensors, research partners or data providers are not providing investment advice through the publication of indices or in connection therewith. In particular, the inclusion of a company in an index, its weighting, or the exclusion of a company from an index, does not in any way reflect an opinion of STOXX, Deutsche Börse Group or their licensors, research partners or data providers on the merits of that company. Financial instruments based on the STOXX indices, DAX indices or on any other indices supported by STOXX are in no way sponsored, endorsed, sold or promoted by STOXX, Deutsche Börse Group or their licensors, research partners or data providers.

BACKTESTED PERFORMANCE

This document contains index performance data based on backtesting, i.e. calculations of how the index might have performed prior to launch if it had existed using the same index methodology and based on historical constituents. Backtested performance information is purely hypothetical and is provided in this document solely for information purposes. Backtested performance does not represent actual performance and should not be interpreted as an indication of actual performance.

CUSTOMIZATION

The index can be used as a basis for the definition of STOXX Customized Indices, which can be tailored to specific client or mandate needs. STOXX offers a wide range of customization, in terms of component selection, weighting schemes and personalized calculation methodologies.