Term · Market & Classification
DAX Family
In briefThe DAX family comprises the central German equity indices such as DAX, MDAX, SDAX, and TecDAX. For small-caps, index membership can strongly influence liquidity, visibility, and ETF demand.
Definition
The DAX family comprises central German equity indices such as DAX, MDAX, SDAX, and TecDAX.
How it is calculated
Formula. Index rules per the Deutsche Börse rulebook; selection based, among other things, on free-float market capitalization and liquidity.
Why it matters for small caps
For small-caps, index membership can strongly influence liquidity, visibility, and ETF demand.
Common misreadings
- The DAX family is often understood as a pure quality selection, even though technical index rules and market capitalization dominate.
In the process
Frequently asked
What is the DAX family?
It is the group of Deutsche Börse's most important selection indices. It maps different size segments of the German market.
How is index membership determined?
It follows the Deutsche Börse rulebook, based among other things on free-float market capitalization and liquidity. The selection follows fixed, technical criteria.
Is index membership a seal of quality?
No, it rests mainly on size and tradability. Technical index rules, not business quality, decide on inclusion.
Related terms
Sources
Primary
STOXX – Guide to the DAX Equity Indices
https://www.dax-indices.com/document/Resources/Guides/DAX\_Equity\_Indices.pdf
https://www.dax-indices.com/document/Resources/Guides/DAX\_Equity\_Indices.pdf
Methodology
Deutsche Börse – DAX-Indexfamilie
https://www.dax-indices.com/
https://www.dax-indices.com/
Education only, not investment advice. Ranges and thresholds are didactic orientation values, not an official standard.