iShares Core DAX UCITS ETF (DE) EUR (Acc)
EXS1.DE European UCITSUpdated: Jul 5, 2026, 21:17 UTC
Key Metrics
Top 10 Holdings
| Holding | Ticker | Weight | Bar |
|---|---|---|---|
| Siemens AG | SIE.DE | 11.51% | |
| SAP SE | SAP.DE | 9.2% | |
| Allianz SE | ALV.DE | 8.44% | |
| Siemens Energy AG Ordinary Shares | ENR.DE | 7.34% | |
| Infineon Technologies AG | IFX.DE | 6.16% | |
| Airbus SE | AIR.PA | 6.14% | |
| Deutsche Telekom AG | DTE.DE | 5.9% | |
| Rheinmetall AG | RHM.DE | 3.5% | |
| Munchener Ruckversicherungs-Gesellschaft AG | MUV2.DE | 3.44% | |
| Deutsche Bank AG | DBK.DE | 3.09% |
Sector Allocation
About This ETF
The iShares Core DAX UCITS ETF (DE) EUR (Acc) (EXS1.DE) is a European UCITS ETF with an expense ratio (TER) of 0.16% and $8.7B in assets under management., with its largest holdings being Siemens AG, SAP SE, Allianz SE. Year-to-date, EXS1.DE has returned +4.68%.
FAQ — EXS1.DE
What is the TER of EXS1.DE (iShares Core DAX UCITS ETF (DE) EUR (Acc))?
EXS1.DE has a Total Expense Ratio (TER) of 0.16 % per year. That sits below the european ucits category median (0.20 % across 9 peer ETFs). The TER is deducted directly from the fund and lowers your effective return.
What return has EXS1.DE delivered?
Performance for EXS1.DE: YTD: +4.68 % · 3-year p.a.: +16.43 % · 5-year p.a.: +9.87 %. Over 5 years, EXS1.DE outperforms the european ucits category median of +0.00 % by +9.87 pp. Past performance is no guarantee of future returns.
What are the top holdings of EXS1.DE?
The five largest positions in EXS1.DE are: SIE.DE, SAP.DE, ALV.DE, ENR.DE, IFX.DE. The full holdings list is updated daily on this page.
Where can I buy or set up a savings plan for EXS1.DE?
EXS1.DE is available at most major brokers. For a free monthly savings plan from €1, look at Trade Republic, Scalable Capital or Flatex. The broker comparison on this site shows fees, free-savings-plan ETFs and execution exchanges side by side.
What is the iShares Core DAX UCITS ETF?
The iShares Core DAX UCITS ETF (EXS1.DE) tracks the DAX, Germany's flagship index of the 40 largest listed companies. With roughly 8.5 billion US dollars in assets, an expense ratio of just 0.16 % and an accumulating structure, it is one of the cheapest ways to own the core of the German economy. Heavyweights include Siemens, SAP and Allianz. The UCITS wrapper makes it EU-regulated and easy to trade for European investors.
Performance at a glance
The fund is up 1.85 % year to date, 15.72 % over three years and 9.67 % over five years (annualised or cumulative depending on the data source). It currently trades around 207 EUR, near its 52-week high of 211.25 EUR and well above the low of 180.90 EUR, leaving the 52-week position at 85.8 %.
Returns are driven by industrials (34.77 %), financial services (21.0 %) and technology (13.23 %). Export-led champions such as Siemens, SAP and Airbus shape results, while defence names like Rheinmetall have added momentum recently.
Risk profile
The DAX holds only 40 stocks and is therefore concentrated: the three largest positions alone – Siemens, SAP and Allianz – account for nearly 28 %. The heavy industrials weighting (34.77 %) makes the fund cyclical and export-sensitive; weaker global demand or trade tensions can hit it harder than diversified peers.
There is no US dollar currency risk for euro-area investors here, since both the index and the ETF are denominated in euros. Indirectly, German multinationals still face FX swings through their overseas revenue. Other risks include general equity-market volatility, interest-rate moves affecting financials, and the limited sector breadth of a single-country index.
Who is this ETF for?
The ETF suits long-term investors with a horizon of at least five to ten years who want targeted exposure to German blue chips as one building block of a broader portfolio. The accumulating structure supports compounding, since income is automatically reinvested, making it well suited to regular savings plans and wealth building.
It is less appropriate for those who need ongoing income to live on, as no dividends are paid out. Investors seeking broad international diversification or low single-stock concentration should use it only as a complement, because a pure DAX investment stays focused on one market and a handful of sectors.
How it compares to peers
Several UCITS alternatives track the same index:
- Xtrackers DAX UCITS ETF (DBXD) – accumulating, very low expense ratio, long track record from DWS.
- Amundi DAX UCITS ETF (formerly Lyxor) – also on the DAX, available in an accumulating share class.
- Deka DAX UCITS ETF – distributing, popular with investors who prefer regular income.
With an expense ratio of 0.16 %, the iShares Core sits at a competitive level. Since all replicate the same DAX, the choice mainly comes down to cost, income treatment (accumulating versus distributing), fund size and trading liquidity.
Where can I buy EXS1.DE?
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