HDAX · 101 companies

HDAX — AssetNext Coverage by Stability

The HDAX index covers the 110 largest companies listed on the Frankfurt Stock Exchange, combining the DAX 40, MDAX and TecDAX indices into a single broad German equity benchmark. Below you find all HDAX constituents in the AssetNext universe with their peer scores. This page reflects the AssetNext-covered subset of this index — ETFs, holding structures and securities with insufficient financial comparability are excluded.

101 companies · Updated 2026-04-26 · Browse all companies →

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Overall score By Growth By Quality By Valuation By Stability

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Industrials (22)Technology (16)Consumer Cyclical (15)Healthcare (13)Financial Services (9)Basic Materials (9)Communication Services (8)Real Estate (5)Utilities (2)Consumer Defensive (2)

#	Company	Score	Growth	Quality	Valuation
Consumer Cyclical
#1	HELLA GmbH & Co. KGaA HLE.DE peers → compare →	63	56	82	31
Healthcare
#2	Qiagen N.V. QIA.DE peers → compare →	67	48	63	72
Industrials
#3	GEA Group Aktiengesellschaft G1A.DE peers → compare →	63	73	58	54
Utilities
#4	E.ON SE EOAN.DE peers → compare →	33	14	4	46
Consumer Cyclical
#5	Bayerische Motoren Werke Aktiengesellschaft BMW.DE peers → compare →	63	39	52	84
Healthcare
#6	Fielmann Group AG FIE.DE peers → compare →	68	67	64	69
#7	Fresenius SE & Co. KGaA FRE.DE peers → compare →	61	67	28	83
Technology
#8	Elmos Semiconductor SE ELG.DE peers → compare →	46	24	27	62
Financial Services
#9	Deutsche Börse AG DB1.DE peers → compare →	43	12	34	53
#10	DWS Group GmbH & Co. KGaA DWS.DE peers → compare →	62	57	40	82
#11	Hannover Rück SE HNR1.DE peers → compare →	59	72	25	78
Consumer Cyclical
#12	Mercedes-Benz Group AG MBG.DE peers → compare →	56	17	48	81
Financial Services
#13	Münchener Rückversicherungs-Gesellschaft Aktiengesellschaft in München MUV2.DE peers → compare →	44	19	—	86
Technology
#14	SAP SE SAP.DE peers → compare →	54	27	57	58
Basic Materials
#15	Symrise AG SY1.DE peers → compare →	40	37	31	32
#16	Fuchs SE FPE3.DE peers → compare →	80	82	87	79
Consumer Cyclical
#17	Hugo Boss AG BOSS.DE peers → compare →	67	64	50	85
Basic Materials
#18	Brenntag SE BNR.DE peers → compare →	31	4	16	41
Technology
#19	ATOSS Software SE AOF.DE peers → compare →	65	47	87	54
#20	IONOS Group SE IOS.DE peers → compare →	63	56	57	72
Industrials
#21	Daimler Truck Holding AG DTG.DE peers → compare →	49	40	35	61
Healthcare
#22	Merck KGaA MRK.DE peers → compare →	58	4	81	67
#23	Drägerwerk AG & Co. KGaA DRW3.DE peers → compare →	64	35	64	86
#24	Fresenius Medical Care AG FME.DE peers → compare →	62	67	37	86
Basic Materials
#25	BASF SE BAS.DE peers → compare →	52	67	48	41
Healthcare
#26	Siemens Healthineers AG SHL.DE peers → compare →	40	25	7	70
Basic Materials
#27	K+S Aktiengesellschaft SDF.DE peers → compare →	65	100	38	74
#28	Evonik Industries AG EVK.DE peers → compare →	56	71	53	48
Consumer Cyclical
#29	Porsche Automobil Holding SE PAH3.DE peers → compare →	68	—	55	88
Financial Services
#30	Talanx AG TLX.DE peers → compare →	79	86	86	82
Technology
#31	Kontron AG KTN.DE peers → compare →	65	88	35	86
Utilities
#32	RWE Aktiengesellschaft RWE.DE peers → compare →	60	25	62	83
Industrials
#33	Nordex SE NDX1.DE peers → compare →	58	97	55	36
Consumer Cyclical
#34	Volkswagen AG VOW3.DE peers → compare →	58	42	45	85
Industrials
#35	Fraport AG FRA.DE peers → compare →	50	32	25	83
#36	Bilfinger SE GBF.DE peers → compare →	51	22	58	61
#37	Deutsche Post AG DHL.DE peers → compare →	53	41	42	75
#38	HOCHTIEF Aktiengesellschaft HOT.DE peers → compare →	48	29	68	39
#39	Rheinmetall AG RHM.DE peers → compare →	41	12	69	26
Technology
#40	Nemetschek SE NEM.DE peers → compare →	50	53	57	40
Consumer Cyclical
#41	Dr. Ing. h.c. F. Porsche AG P911.DE peers → compare →	28	8	39	14
Communication Services
#42	RTL Group S.A. RRTL.DE peers → compare →	27	55	12	8
Basic Materials
#43	Heidelberg Materials AG HEI.DE peers → compare →	72	57	88	82
Consumer Defensive
#44	Henkel AG & Co. KGaA HEN3.DE peers → compare →	63	12	87	83
Industrials
#45	RATIONAL Aktiengesellschaft RAA.DE peers → compare →	63	49	92	53
Technology
#46	Jenoptik AG JEN.DE peers → compare →	51	77	37	49
Communication Services
#47	CTS Eventim AG & Co. KGaA EVD.DE peers → compare →	73	81	90	67
Industrials
#48	Airbus SE AIR.DE peers → compare →	46	29	48	55
Communication Services
#49	Scout24 SE G24.DE peers → compare →	70	86	84	63
Industrials
#50	Aurubis AG NDA.DE peers → compare →	66	86	46	87
Communication Services
#51	Deutsche Telekom AG DTE.DE peers → compare →	63	35	73	83
Industrials
#52	Krones AG KRN.DE peers → compare →	68	52	73	88
Consumer Cyclical
#53	adidas AG ADS.DE peers → compare →	56	63	48	65
Industrials
#54	MTU Aero Engines AG MTX.DE peers → compare →	62	79	40	86
Consumer Cyclical
#55	Continental Aktiengesellschaft CON.DE peers → compare →	51	23	45	82
Technology
#56	Cancom SE COK.DE peers → compare →	30	69	—	27
#57	Infineon Technologies AG IFX.DE peers → compare →	24	21	16	22
#58	SUSS MicroTec SE SMHN.DE peers → compare →	51	4	78	62
Industrials
#59	Siemens Aktiengesellschaft SIE.DE peers → compare →	36	25	16	60
#60	Hensoldt AG HAG.DE peers → compare →	25	14	29	18
#61	Siemens Energy AG ENR.DE peers → compare →	48	87	62	14
Financial Services
#62	Allianz SE ALV.DE peers → compare →	47	25	36	78
Technology
#63	AIXTRON SE AIXA.DE peers → compare →	35	15	56	24
#64	SMA Solar Technology AG S92.DE peers → compare →	31	8	3	72
Industrials
#65	Traton SE 8TRA.DE peers → compare →	41	18	14	87
Communication Services
#66	freenet AG FNTN.DE peers → compare →	66	48	79	86
Technology
#67	Nagarro SE NA9.DE peers → compare →	62	81	46	83
Financial Services
#68	Commerzbank AG CBK.DE peers → compare →	46	50	29	68
Industrials
#69	Deutsche Lufthansa AG LHA.DE peers → compare →	42	13	22	88
Basic Materials
#70	Wacker Chemie AG WCH.DE peers → compare →	24	27	4	35
Consumer Cyclical
#71	Knorr-Bremse AG KBX.DE peers → compare →	50	54	69	41
#72	PUMA SE PUM.DE peers → compare →	12	—	3	17
Real Estate
#73	LEG Immobilien SE LEG.DE peers → compare →	62	48	68	88
#74	Vonovia SE VNA.DE peers → compare →	32	—	—	87
Healthcare
#75	Bayer Aktiengesellschaft BAYN.DE peers → compare →	40	11	20	88
Industrials
#76	RENK Group AG R3NK.DE peers → compare →	37	55	37	31
Technology
#77	Siltronic AG WAF.DE peers → compare →	15	—	—	30
Consumer Defensive
#78	Beiersdorf Aktiengesellschaft BEI.DE peers → compare →	49	54	42	67
Consumer Cyclical
#79	Zalando SE ZAL.DE peers → compare →	49	60	53	54
Technology
#80	TeamViewer SE TMV.DE peers → compare →	49	30	38	88
Healthcare
#81	Carl Zeiss Meditec AG AFX.DE peers → compare →	44	28	35	78
Consumer Cyclical
#82	TUI AG TUI1.DE peers → compare →	65	63	73	87
Technology
#83	Bechtle AG BC8.DE peers → compare →	45	51	35	64
Healthcare
#84	Sartorius Aktiengesellschaft SRT3.DE peers → compare →	27	56	25	13
Communication Services
#85	Ströer SE & Co. KGaA SAX.DE peers → compare →	50	48	46	72
Real Estate
#86	Deutsche Wohnen SE DWNI.DE peers → compare →	30	—	—	87
Financial Services
#87	Deutsche Bank Aktiengesellschaft DBK.DE peers → compare →	33	7	7	85
Industrials
#88	Jungheinrich Aktiengesellschaft JUN3.DE peers → compare →	53	41	50	87
Consumer Cyclical
#89	AUTO1 Group SE AG1.DE peers → compare →	31	68	16	29
Communication Services
#90	United Internet AG UTDI.DE peers → compare →	45	58	32	69
Real Estate
#91	TAG Immobilien AG TEG.DE peers → compare →	42	57	48	42
Industrials
#92	KION GROUP AG KGX.DE peers → compare →	34	38	17	60
Consumer Cyclical
#93	Delivery Hero SE DHER.DE peers → compare →	39	85	11	52
Communication Services
#94	1&1 AG 1U1.DE peers → compare →	39	83	21	43
Healthcare
#95	Redcare Pharmacy NV RDC.DE peers → compare →	32	100	6	25
#96	Eckert & Ziegler SE EUZ.DE peers → compare →	63	65	93	64
Financial Services
#97	flatexDEGIRO SE FTK.DE peers → compare →	52	75	67	49
Healthcare
#98	Evotec SE EVT.DE peers → compare →	36	92	21	30
Industrials
#99	thyssenkrupp AG TKA.DE peers → compare →	24	5	30	44
Basic Materials
#100	LANXESS Aktiengesellschaft LXS.DE peers → compare →	8	—	—	24
Real Estate
#101	Aroundtown SA AT1.DE peers → compare →	57	40	75	86

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This page reflects the AssetNext-covered subset of this index — ETFs, holding structures and securities with insufficient financial comparability are excluded.

Peer scores are structural and descriptive only — not investment advice. Scores reflect each company's position within its functional peer group, not absolute performance. Index membership based on AssetNext universe data.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.