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STRATEGY INDICES

LevDAX x5

Index Description

The LevDAX indices aim to replicate the daily performance of the German blue-chip index DAX with a multiplicative factor. A positive change in DAX will result in the corresponding positive leveraged performance of LevDAX and vice versa. The "x" in the index name represents the respective leverage factor of the LevDAX index.

Key facts

  • Provides an exposure that reflects a strong, bullish conviction on the DAX.
  • LevDAX indices with a leverage factor of 2, 3, 4, 5, 6, 7, 8, 9 and 10 are available.
  • In addition to the leverage factor, LevDAX indices include an interest factor reflecting the spread over overnight interest rates as financing cost of the leveraged position.

Descriptive Statistics

Index Market Cap (EUR ) Components (EUR ) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
LevDAX x5 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
LevDAX x5 7.4 28.8 49.8 -52.7 35,535.7 N/A N/A 51.2 -22.4 232.0
DAX 2.2 9.6 15.1 8.5 36.3 N/A N/A 15.4 2.8 6.4
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
LevDAX x5 N/A N/A 58.2 87.5 47,889.5 N/A N/A 0.7 -0.3 0.0
DAX N/A N/A 11.6 17.5 21.0 N/A N/A 0.9 0.0 0.2
Index to benchmark Correlation Tracking error (%)
LevDAX x5 1.0 1.0 1.0 1.0 0.0 68.1 47.8 46.7 70.0 47,907.7
Index to benchmark Beta Annualized information ratio
LevDAX x5 5.0 5.0 5.0 5.0 63.3 1.1 0.6 0.7 -0.2 0.0

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

2Based on EURIBOR1M

(EUR, Price), all data as of August 30, 2024

STRATEGY INDICES

LevDAX x5

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
LevDAX x5 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 adjustment of leverage takes place daily or (in case of monthly adjustment) on each third Friday of a month. The leverage of LevDAX indices is determined by the leverage factor and the finance factor. The leverage factor is the main driver of the return in the LevDAX indices. This return, however, is diminished by the finance factor, i.e., the interest paid to finance the leverage.
If a LevDAX index loses more than 50 percent at any point during one day, the leverage effect will be adjusted ad-hoc and the calculation continued based on the DAX level prior to that time.
The detailed methodology including the calculation formula can be found in the DAX Strategy Index Guide.

Versions and symbols

Index ISIN Symbol Bloomberg Reuters
Price EUR DE000A1EXY69 LEVDAX5P LEVDAX5P INDEX .LEVDAX5P
Total Return EUR DE000A1EXY10 LEVDAX5 LEVDAX5 INDEX .LEVDAX5

Quick Facts

Cap Factor Leveraged/Short

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.