To state the obvious, the primary goal of a DAC is to make digital files sound analogue. Which ever DAC, CD player, streamer, etc... does this effectively is, in my mind, doing what's expected. Which then brings in to question the characteristic qualities of the DAC, i.e. detail, color or neutrality of tone, depth and width of sound stage, and so on.
I agree with Elizabeth that an actually listening test of the component connected to your personal hifi is optimal however, you still might be able to tell a lot by listening to it at the store.
What I cannot understand are the price tags on current DAC's given that they're all over the place. I'm still happy with my Ayre QB 9 DSD DAC (with tweaks) even though it's antiquated and it retailed for $3,500.00 new. A reference DAC in today's market, from what I can tell, could retail for as high as $20,000.00 or as low as $1,500.00.The question being, will the high priced DAC produce a better analogue sound than the low priced DAC?