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BLUE CHIP INDICES

CDAX

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Index Description

The CDAX comprises all German companies in the Prime Standard and General Standard segments of Frankfurter Wertpapierboerse (FWB, the Frankfurt Stock Exchange). CDAX thus represents the full spectrum of the German equities market. The index therefore serves as an indicator of economic development and is ideal for analysis purposes.

Key facts

  • CDAX covers all German equities listed in the Prime Standard and General Standard segment of FWB.
  • The index composition is reviewed quarterly in March, June, September and December.
  • The index is free-float market capitalization weighted.
  • No capping limit applies.

Descriptive Statistics

Index Market Cap (EUR bn) Components (EUR bn) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
CDAX 2,055.0 1,440.6 4.0 0.2 173.6 0.0 12.0 0.0 2.1
N/A N/A N/A N/A N/A N/A N/A N/A N/A

Supersector weighting (top 10)

Country weighting

Risk and return figures1

Index returns Return (%) Annualized return (%)
Last month YTD 1Y 3Y 5Y Last month YTD 1Y 3Y 5Y
CDAX -2.6 5.9 9.8 8.6 33.3 N/A N/A 9.9 2.8 5.9
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
CDAX N/A N/A 11.6 17.6 20.5 N/A N/A 0.7 0.0 0.2
N/A N/A N/A N/A N/A N/A N/A N/A N/A N/A
Index to benchmark Correlation Tracking error (%)
CDAX 1.0 1.0 0.3 0.3 0.3 1.4 0.9 65.5 65.5 65.5
Index to benchmark Beta Annualized information ratio
CDAX 1.0 1.0 0.0 0.0 0.0 5.7 3.5 1.4 1.4 1.4

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

2Based on EURIBOR1M

(EUR, Total Return), all data as of April 30, 2024

BLUE CHIP INDICES

CDAX

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
CDAX 19.8 12.7 14.8 12.5 1.4 N/A 0.7 18.9
N/A N/A N/A N/A N/A N/A N/A N/A

Performance and annual returns

Methodology

CDAX consists of those components of the Prime All Share and General All Share indices that are domiciled in Germany. Qualifying stocks that are added to the Prime All Share or General All Share are added to the CDAX as well. If a company changes its domicile and becomes eligible for inclusion in the CDAX, it is added to this index as soon as the change takes effect. If a company changes its domicile and no longer qualifies for inclusion in the CDAX, it is deleted from the latter as soon as the change takes effect.

The detailed CDAX index methodology can be found in the DAX Equity Index Methodology Guide.

The detailed index calculation formula can be found in the DAX Equity Index Calculation Guide.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Total Return EUR DE0008469602 CDAX CDAX INDEX .CDAX
Price EUR DE0008469800 CXKX CXKX INDEX .CXKX
Net Return EUR DE000A3CK6C9 CDAXNR .CDAXNR

Quick Facts

Weighting Free-float market cap
Cap Factor No cap factor
No. of components Variable
Review frequency Quarterly
Calculation/distribution realtime 60 sec
Calculation hours 9:00 - 18:00 CET
Base value/base date 100 as of Dec.30, 1987
History Available since Sep. 24, 2012
Inception date Sep. 17, 1993
To learn more about the inception date, currency versions, calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
SAP Technology Germany 12.043%
SIEMENS Industrial Goods and Services Germany 9.177%
ALLIANZ Insurance Germany 7.245%
DEUTSCHE TELEKOM Telecommunications Germany 5.170%
MERCEDES-BENZ GROUP Automobiles and Parts Germany 3.936%
MUENCHENER RUECK Insurance Germany 3.903%
BASF Chemicals Germany 3.044%
INFINEON TECHNOLOGIES Technology Germany 2.965%
DEUTSCHE POST Industrial Goods and Services Germany 2.621%
ADIDAS Consumer Products and Services Germany 2.612%

3Net dividend yield is calculated as net return index return minus price index return

4Based on the composition as of April 30, 2024

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.