Deutsche Börse’s volatility indexVDAX® NEW measures the volatility of the German equity market based on the DAX® options traded on the Eurex® derivatives exchange. Deutsche Börse provides standardized access to the expected fluctuation band of the DAX® for the next 30 days with the VDAX-NEW® volatility index. For instance: A VDAXNEW® level of 20 and a DAX® level of 4,000 shows that volatility of between 3,770 and 4,230 is expected on the derivatives market. The methodology simplifies tracking of the index for derivatives and structured products. Volatility is thus tradable as a separate asset class for investors. The volatility of a market is negatively correlated to the performance of this market, so pure volatility is an ideal addition to diversify portfolios for both institutional and private investors. If prices fall in the DAX®, the VDAX NEW® price increases.
Index Guides, Benchmark statement, and other reports are available under the "Data & Methodology" tab.
Stocks rebound in October on hopes for Fed’s policy pivot
The STOXX Global 1800 index rose 7.1% in dollars last month, after falling to a two-year low. While most economists rightly forecast the Federal Reserve’s fourth consecutive hike of 75 basis points on Nov. 2, speculation grew during October that the central bank could indicate it would slow the pace of monetary tightening.
Stocks extend rout in September as central banks tighten monetary policy further
The STOXX Global 1800 index dropped 9.3% in dollars last month, taking its retreat in 2022 to 25.5%. The Federal Reserve, European Central Bank and Bank of England increased the cost of borrowing in the month, with the first two hiking by a larger-than-average 75 basis points.
Stocks resume pullback in August on outlook for higher interest rates
The STOXX Global 1800 index dropped 4.1% in dollars last month, taking its retreat in 2022 to 17.9%. Investors are bracing for even tighter monetary policy as central banks fight higher-for-longer inflation.
Stocks jump by most since 2020 in July on interest-rate outlook, earnings beats
The STOXX Global 1800 index gained 7.9% in dollars last month, its best monthly showing since November 2020. The index is still down 14.4% in 2022.
STOXX Global 1800 index slides into bear market in June on recession fears
The global benchmark plunged 8.7% in dollars last month, wrapping up its worst month and quarter since the COVID-19 pandemic hit in the first quarter of 2020. The index is down 21% so far in 2022.
Stocks achieve narrow gain in May despite lingering interest rate concerns
The STOXX Global 1800 index rose 0.1% in dollars last month, paring an earlier decline of as much as 5.6%. Value and high-dividend stocks rise, but most other strategies struggle as investors contend with the prospect of higher interest rates.
Stocks tumble most since 2020 in April amid interest-rate concerns
The STOXX Global 1800 index fell 8.2% in dollars last month, taking its retreat in 2022 to 13.2%. US technology shares slumped 12.9% in month, the worst showing since November 2008.
Stocks rebound in March on hopes of Ukraine conflict resolution
The STOXX Global 1800 index rose 2.7% in dollars last month, with basic-resources and energy companies leading gains for a second consecutive month. The benchmark is still down 5.5% for 2022.
Stocks drop in February amid military conflict in Ukraine
The STOXX Global 1800 index fell 2.6% in dollars last month, with only basic-resources and energy companies posting a positive return among 20 sectors. Climate indices struggle to match benchmark returns, while factor, dividend and minimum-variance strategies outperform.
Stocks tumble in January amid expectations of higher US rates
The STOXX Global 1800 index fell 5.5% in dollars and 4.1% in euros last month, the worst January since 2016, as investors assessed the potential impact of interest-rate hikes by the Federal Reserve. US, Momentum and Quality shares led losses, while dividend and Value stocks appeared as relative winners.