Santa Claus Rally / DAX
DAX SANTA CLAUS RALLY
Does Germany's DAX show the same year-end effect?
The Santa Claus Rally is usually discussed with U.S. equities in mind, but the same recurring dates can be tested on the DAX to see whether the pattern also appears in Germany.
Why compare the DAX with the S&P 500?
A seasonal effect that appears in several major markets may be more interesting than one confined to a single benchmark, but the strength and timing can still differ substantially.
Questions to ask
- Does the same late-December window work?
- Is the win rate similar to the S&P 500?
- Are German year-end returns more volatile?
- Does a wider November–December period work better?
Market-specific behavior
Different trading calendars, sector composition and investor flows can create different seasonal outcomes even when two markets share the same holiday period.
Test the DAX year-end window
The DAX is preloaded in the free dashboard. Select your dates and compare the historical years.