SDAX

SDAX
Foundation	21 June 1999
Operator	STOXX (Qontigo, Deutsche Börse)
Exchanges	Frankfurt Stock Exchange
Constituents	70
Type	Small-cap, non-technology sectors
Weighting method	Capitalization-weighted
Related indices	DAX, MDAX, TecDAX
Website	SDAX homepage

The SDAX (German abbreviation for Small-Cap-deutsche Aktienindex) is a stock market index composed of 70 small and medium-sized companies in Germany. These so-called 'small caps' rank directly below the MDAX (mid-cap) shares in terms of order book volume and market capitalization. They are thus the 91st–160th largest publicly traded companies in Germany.

The index is based on prices generated in the electronic trading system Xetra.

Companies

The table below shows the 70 companies included in the SDAX as of December 2025.^[1]

Name	Industry	Location
1&1 AG	Telecommunications	Montabaur
Adesso SE	IT and consulting	Dortmund
Adtran Networks SE	Telecommunications equipment	Meiningen
Alzchem Group
Amadeus FiRe AG	Personnel and Training services	Frankfurt am Main
Atoss Software AG	Software	Munich
Befesa	Hazardous waste	Luxembourg
Borussia Dortmund	Sports	Dortmund
Cancom SE	IT	Munich
Cewe Stiftung & Co. KGaA	Printing	Oldenburg
Dermapharm Holding SE	Pharmaceuticals	Grünwald
Deutsche Beteiligungs AG	Private Equity	Frankfurt am Main
Deutsche Euroshop	Real Estate	Hamburg
Deutz AG	Mechanical engineering	Köln
Douglas	Cosmetics	Düsseldorf
Drägerwerk AG & Co. KGaA	Engineering, medical technology	Lübeck
Dürr AG	Automotive	Bietigheim-Bissingen
Eckert & Ziegler Strahlen- und Medizintechnik AG	Medical equipment	Berlin
Elmos Semiconductor SE	Electrical engineering	Dortmund
Energiekontor AG	Renewable Energy	Bremen
Evotec	Pharmaceuticals	Hamburg
Formycon
GFT Technologies SE	Software	Stuttgart
Grand City Properties S.A.	Real Estate	Luxembourg City
Grenke AG	Financial services	Baden-Baden
Hamborner Reit AG	Real Estate	Duisburg
Heidelberger Druckmaschinen AG	Machinery	Heidelberg
Hornbach Holding AG	Holding, Retail	Neustadt an der Weinstraße
Hypoport SE	Technology	Lübeck
Indus Holding AG	Investment management	Bergisch Gladbach
Jenoptik	Optoelectronics engineering	Jena
Jost Werke AG	Automotive	Neu-Isenburg
Klöckner & Co SE	Steel and metal distribution	Duisburg
Kontron AG	Computer hardware	Augsburg
KSB SE & Co. KGaA	Mechanical engineering	Frankenthal (Pfalz)
KWS Saat SE & Co. KGaA	Agriculture, Biotechnology	Einbeck
LPKF Laser Electronics
MBB	Holding	Berlin
Medios
MLP	Financial services	Wiesloch
Mutares SE & Co. KGaA	Holding	Munich
Nagarro SE	Software	Munich
Norma Group SE	Machinery	Maintal
Patrizia SE	Real Estate	Augsburg
PBB AG	Banking	Garching
PNE AG	Wind energy	Cuxhaven
ProCredit	Banking	Frankfurt
ProSiebenSat.1 Media SE	Media	Unterföhring
PVA TePla AG	Machinery	Wettenberg
SAF-Holland SE	Industry	Luxembourg City
Salzgitter AG	Iron and steel	Salzgitter
Schaeffler AG	Automotive	Herzogenaurach
Schott Pharma AG & Co. KGaA	Pharmaceuticals	Mainz
Secunet Security Networks	Information security	Essen
SFC Energy AG	Energy	Brunnthal
Siltronic	Technology	Munich
Sixt	Car rental	Munich
SMA Solar	Solar energy	Niestetal
Springer Nature	Academic publishing	Berlin
Stabilus	Technology	Koblenz
Sto SE & Co. KGaA	Chemicals	Stühlingen
Stratec SE	Medical equipment	Birkenfeld
Südzucker AG	Food processing	Mannheim
Süss Microtec SE	Semiconductors	Garching bei München
Thyssenkrupp Nucera AG & Co. KGaA	Engineering	Dortmund
Verve Group SE	Technology	Berlin
Vossloh AG	Rail infrastructure	Werdohl
Wacker Neuson SE	Construction equipment	Munich
Wüstenrot & Württembergische AG	Financial services	Kornwestheim