The companies in the DAX make an average of 80 percent of their sales abroad, so they are not very dependent on economic development in Germany. On the other hand: If you calculate individual top performers such as SAP, you can see that the DAX values in width have not developed so well. This is also due to the fact that the DAX is now a transformation index: more than half of the DAX companies are in a fundamental change. The car manufacturers, for example, but also RWE or Bayer.
Go to source