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BLUE CHIP INDICES

DAX MidSmall Cap

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Index Description

The DAX MidSmall Cap comprises the 50 companies from the MDAX and 70 companies from SDAX. The DAX MidSmall Cap measures the combined performance of the German mid- and small-cap segment.

Key facts

  • DAX MidSmall Cap combines MDAX and SDAX and thus reflects the entire performance of the German mid- and small-cap segment.
  • All index component changes affecting the MDAX and SDAX also apply to the DAX MidSmall Cap.
  • Index components are capped at a maximum weight of 15% on a quarterly basis.

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
DAX MidSmall Cap 403.1 204.5 1.7 1.0 9.2 0.2 4.5 0.1 4.5
Regulated Market All Share 2,729.2 2,033.1 5.5 0.2 256.0 0.0 12.6 N/A 3.8

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
DAX MidSmall Cap 1.3 22.0 21.7 16.7 22.3 N/A N/A 22.4 5.4 4.1
Regulated Market All Share 1.3 16.6 22.7 58.8 N/A N/A N/A 23.4 16.9 N/A
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
DAX MidSmall Cap N/A N/A 19.3 18.6 18.9 N/A N/A 0.9 0.2 0.1
Regulated Market All Share N/A N/A 18.5 15.6 16.8 N/A N/A 1.0 0.9 0.5
Index to benchmark Correlation Tracking error (%)
DAX MidSmall Cap 0.9 0.9 0.9 0.9 0.9 6.8 10.6 9.2 8.7 8.0
Index to benchmark Beta Annualized information ratio
DAX MidSmall Cap 0.9 0.9 0.9 1.1 1.0 0.0 0.7 -0.1 -1.2 -1.1

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

2Based on EURIBOR1M

(EUR, Net Return), all data as of July 31, 2025

BLUE CHIP INDICES

DAX MidSmall Cap

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 MidSmall Cap 35.8 19.1 19.7 16.6 1.5 1.9 0.7 22.2
Regulated Market All Share 21.6 16.1 17.7 15.8 1.8 2.5 0.9 25.2

Performance and annual returns

Methodology

For the DAX MidSmall Cap index, the same index calculation formula as for MDAX and SDAX apply. All index component changes affecting the MDAX and SDAX also apply to DAX MidSmall Cap.

The detailed DAX MidSmall Cap 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
Gross Return EUR DE000A4ALTC3 DAXMS DAXMS INDEX .DAXMS
Net Return EUR DE000A4ALTD1 DAXMSN DAXMSN INDEX .DAXMSN
Price EUR DE000A4ALTE9 DAXMSK DAXMSK INDEX .DAXMSK

Quick Facts

Weighting Free Float market capitalisation with capping factor
Cap Factor 0.15
No. of components Variable
Review frequency Quarterly
Calculation/distribution Realtime 15 sec
Calculation hours 09:00:00 18:00:00
Base value/base date 1000 as of March. 15, 2024
History Available from March. 15, 2024
Inception date May. 12, 2025
To learn more about the inception date, the currency, the calculation hours and historical values, please see our data vendor code sheet.

Top 10 Components4

Company Supersector Country Weight
GEA GRP Industrials Germany 450.458%
SCOUT24 Consumer Services Germany 430.622%
LUFTHANSA Industrials Germany 375.935%
NEMETSCHEK Information Technology Germany 363.608%
TALANX Finance, Insurance and Real Estate Germany 342.516%
CTS EVENTIM Consumer Services Germany 285.041%
KNORR BREMSE Industrials Germany 284.030%
HENSOLDT Industrials Germany 282.712%
DELIVERY HERO Consumer Services Germany 275.513%
LEG IMMOBILIEN Finance, Insurance and Real Estate Germany 254.033%

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

4Based on the composition as of July 31, 2025

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.