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Indices

DAXplus Maximum Sharpe Ratio Germany

Summary

The investment concept from the Nobel Prize winner DAXplus® Maximum Sharpe Ratio Indices are based on Harry M. Markowitz's Nobel Prize-winning principles of portfolio theory and offer investors an optimum risk-adjusted investment opportunity.  Traditional indices track a basket of companies that are weighted according to their (free float) market capitalization. From a portfolio theory perspective, however, these indices are not optimum as they do not lie on Markowitz’s efficiency line: by weighting the companies in the index differently, better performance can be achieved with the same level of risk. The best portfolio in terms of risk is one that maximizes the risk-adjusted performance, which is also known as the Sharpe Ratio. DAXplus® Maximum Sharpe Ratio Indices chart these optimized portfolios and readjust them on a regular basis. The DAXplus® Maximum Sharpe Ratio Germany is the first index to enable investors to benefit directly and systematically from the principles of portfolio theory.  Deutsche Börse thus offers the world’s first strictly rule-based, transparent and easily replicable index innovation that tracks passive risk/return-optimized investment strategies in a straightforward and cost-effective way.

Index Guides, Benchmark statement, and other reports are available under the "Data & Methodology" tab.

Symbol
DXMSGP
Calculation
Realtime
Dissemination Period
09:00-18:00 CET
ISIN
DE000A0METK4
Bloomberg
DXMSGP INDEX
Last Value
779.65 +6.26 (+0.81%)
As of 05:50 pm CET
Week to Week Change
-1.41%
52 Week Change
21.70%
Year to Date Change
14.59%
Daily Low
772.75
Daily High
780.92
52 Week Low
615.174 Oct 2023
52 Week High
801.8728 Mar 2024

Top 10 Components

COMMERZBANK DE
ALLIANZ DE
DEUTSCHE BANK DE
RHEINMETALL DE
MUENCHENER RUECK DE
BEIERSDORF DE
SAP DE
DAIMLER TRUCK DE
Vonovia SE DE
HENKEL PREF DE
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