Stock markets
DAX chart
The DAX is a stock market index of 40 large companies listed on the Frankfurt Stock Exchange, maintained by Deutsche Börse's index provider, STOXX. It is the principal benchmark for German blue-chip equities.
This page shows a CFD from OANDA, quoted in euro, that tracks the DAX's price movements, not the index itself, since the underlying index is not published as a free tradable feed on TradingView.
DAX chart
OANDA:DE30EURCFD tracking the German DAX (OANDA Germany 30, priced in euro).
Charts by TradingView. Switch instrument from the market charts hub or the related charts below — each one has its own page.
At a glance
| Full name | DAX Index (Deutscher Aktienindex) |
|---|---|
| Ticker / common abbreviation | DAX, DAX 40 |
| TradingView symbol | OANDA:DE30EUR |
| Instrument type shown | CFD tracking the index |
| Index provider | STOXX / Deutsche Börse Group |
| Market covered | 40 large companies listed on the Frankfurt Stock Exchange |
| Quotation currency | Euro |
| Trading/market schedule | Underlying market: Frankfurt Stock Exchange hours; CFD trades on the broker's own extended schedule |
| Price return vs total return | The official headline DAX is a total-return index; a separate price-return version (DAX Kursindex) also exists |
| Data delay | CFD quotes from the liquidity provider, typically near real-time; check TradingView for the specific feed status |
What is DAX?
The DAX is maintained by STOXX on behalf of Deutsche Börse and comprises 40 large companies listed on the Frankfurt Stock Exchange, selected primarily by free-float market capitalisation and trading liquidity, following an expansion from 30 to 40 constituents in 2021.
Constituents are weighted by free-float market capitalisation, subject to a cap on the maximum weight of any single company. The index is reviewed quarterly.
Unusually among major indices, the headline DAX figure that is most commonly quoted is a total-return index, meaning it assumes dividends are reinvested; a separate price-return version, the DAX Kursindex, excludes dividends and is quoted less often. As with any index, the DAX cannot be bought directly and is tracked through funds, futures or CFDs.
How to read this chart
A rising DAX chart indicates that its 40 constituents, weighted by free-float market capitalisation, have gained in aggregate, including the effect of reinvested dividends in the standard total-return calculation.
Because the standard DAX already includes dividend reinvestment, comparing it directly with price-return indices such as the S&P 500 or FTSE 100 headline figures can be misleading unless the return basis is matched.
The chart shown here is a CFD proxy quoted in euro and can diverge slightly intraday from the official index due to the provider's own pricing.
What moves it?
- German industrial and export demand
- The index has a strong weighting towards industrial, automotive and chemical companies, making it sensitive to global manufacturing demand and export orders.
- The euro exchange rate
- As many constituents are large exporters, the euro's strength against the US dollar and other major currencies affects the competitiveness and reported earnings of DAX companies.
- Eurozone monetary policy
- European Central Bank interest-rate decisions influence financing costs for German industrial companies and the broader eurozone economic outlook.
- Global automotive and manufacturing cycles
- Automotive and industrial machinery companies carry substantial weight, so global demand cycles in these sectors have an outsized effect on the index.
- Chinese demand
- Several large DAX constituents have significant exposure to the Chinese market, making Chinese economic conditions a relevant driver of index performance.
Why businesses and investors monitor it
Businesses trading with German industrial and automotive companies use the DAX as an indicator of demand conditions and sentiment in the German export sector.
Investors use it as the standard benchmark for German large-cap equity exposure and, given the country's role as Europe's largest economy, as a broader read on eurozone industrial conditions.
DAX vs EURO STOXX 50
The DAX is limited to 40 companies listed in Germany, while the EURO STOXX 50 draws its 50 constituents from across the eurozone, including France, Spain, Italy and the Netherlands alongside Germany.
German companies typically represent a significant share of the EURO STOXX 50's weight, so the two indices often move together, but the EURO STOXX 50 adds diversification across other eurozone economies and sectors.
Frequently asked questions
Why does the DAX include dividends but most other indices do not?
The DAX's design choice, dating to its creation, is to calculate the headline figure as a total-return index with dividends reinvested; a separate price-return version, the DAX Kursindex, exists but is quoted less frequently.
How many companies are in the DAX?
The DAX expanded from 30 to 40 constituents in September 2021 to broaden its representation of the German market.
Why is a CFD shown instead of the index?
The official DAX index feed is not offered as a free TradingView symbol, so this page uses a CFD from OANDA, quoted in euro, that closely tracks its price movements.
How exposed is the DAX to China?
Several large constituents, particularly in the automotive and industrial sectors, generate a meaningful share of revenue from China, making Chinese demand a relevant factor for the index.
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Sources
Written and maintained by the StandardsDesk editorial team. Last reviewed 2026-08-06. The explanatory text on this page is evergreen: it is not updated with market movements, and no current price or level is quoted anywhere outside the chart.
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