Dax vs Eurostoxx spread

Quote from Ye Olde Refco:

1dax / 5stoxx hedge

dax - 2*stoxx on the chart

Trades worse than either 2 outright contracts

Ye Old, could you explain the reasoning behind the ratio and the chart calculation? I would have thought it would be 2 dax to 5 Stoxx To balanace out the point value.

Thanks.
 
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