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STRATEGY INDICES

ShortDAX

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Index Description

ShortDAX indices allow investor to participate directly in falling share prices. The performance of ShortDAX indices is inversely proportional to that of the German blue-chip index DAX. A negative change in DAX will result in the positive leveraged performance of ShortDAX and vice versa. In addition to inverse DAX performance, ShortDAX indices contain interest payments resulting from the investment strategy in the overnight rate times the leverage factor. The "x" in the index name represents the respective leverage factor of the ShortDAX index.

Key facts

  • The ShortDAX indices are an attractive investment not only in falling but also in sideways markets and periods where market trends are unclear.
  • ShortDAX indices with a leverage factor of -1, -2, -3, -4, -5, -6, -7, -8, -9 and -10 are available.
  • In addition to the leverage factor, ShortDAX indices include borrowing costs and earn a liquidity spread over overnight interest rates on short-sale proceeds and capital.

Descriptive Statistics

Index Market Cap (EUR ) Components (EUR ) Component weight (%) Turnover (%)
Full Free-float Mean Median Largest Smallest Largest Smallest Last 12 monts
ShortDAX 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
ShortDAX -2.5 -9.9 -12.3 -20.1 -39.8 N/A N/A -12.5 -7.3 -9.8
DAX 2.9 17.2 21.0 30.0 48.3 N/A N/A 21.5 9.2 8.2
Index volatility and risk Annualized volatility (%) Annualized Sharpe ratio2
ShortDAX N/A N/A 12.0 17.4 21.0 N/A N/A -1.4 -0.5 -0.5
DAX N/A N/A 12.0 17.4 21.0 N/A N/A 1.3 0.3 0.3
Index to benchmark Correlation Tracking error (%)
ShortDAX -1.0 -1.0 -1.0 -1.0 -1.0 30.7 24.7 24.1 34.7 42.1
Index to benchmark Beta Annualized information ratio
ShortDAX -1.0 -1.0 -1.0 -1.0 -1.0 -2.3 -1.3 -1.5 -0.6 -0.6

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

2Based on EURIBOR1M

(EUR, Total Return), all data as of November 29, 2024

STRATEGY INDICES

ShortDAX

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
ShortDAX 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