Europe Equities
Asset Allocation
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Europe Equities, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends. The portfolio is rebalanced every 3 months.
The earliest data available for this chart is Dec 15, 2014, corresponding to the inception date of DBEZ
Returns By Period
As of Jan 8, 2025, the Europe Equities returned 1.37% Year-To-Date and 7.24% of annualized return in the last 10 years.
| YTD | 1M | 6M | 1Y | 5Y* | 10Y* | |
|---|---|---|---|---|---|---|
^GSPC | N/A | N/A | N/A | N/A | N/A | N/A |
| Europe Equities | 1.05% | -2.42% | -5.51% | 4.71% | 6.41% | 7.20% |
| Portfolio components: | ||||||
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 1.77% | -0.59% | -0.52% | 11.74% | 8.31% | 8.52% |
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 1.94% | 0.20% | 0.76% | 12.85% | 8.48% | 9.05% |
EDEN iShares MSCI Denmark ETF | -0.35% | -7.74% | -16.96% | -5.66% | 10.71% | 10.24% |
EIRL iShares MSCI Ireland ETF | -0.83% | -2.60% | -12.98% | 0.58% | 6.22% | 7.10% |
EUDG WisdomTree Europe Quality Dividend Growth Fund | 1.37% | -4.04% | -7.07% | -1.71% | 4.29% | 5.81% |
EWI iShares MSCI Italy ETF | 1.97% | -0.39% | -0.23% | 13.41% | 7.86% | 7.08% |
EWL iShares MSCI Switzerland ETF | 2.26% | -2.27% | -4.06% | 0.29% | 5.12% | 6.31% |
EWN iShares MSCI Netherlands ETF | 1.39% | -2.36% | -12.93% | 6.55% | 7.65% | 9.00% |
EWO iShares MSCI Austria ETF | -1.37% | -1.68% | -5.34% | 3.65% | 4.11% | 6.83% |
EWQ iShares MSCI France ETF | 0.67% | -2.41% | -5.80% | -2.28% | 5.03% | 7.01% |
EZU iShares MSCI Eurozone ETF | 1.31% | -1.99% | -4.06% | 5.99% | 5.37% | 5.86% |
FEZ SPDR EURO STOXX 50 ETF | 1.97% | -1.81% | -3.91% | 8.15% | 6.78% | 6.39% |
FSZ First Trust Switzerland AlphaDEX Fund | 1.80% | -3.11% | -2.29% | 2.42% | 6.04% | 7.66% |
HEDJ WisdomTree Europe Hedged Equity Fund | 1.85% | 0.14% | -2.07% | 8.19% | 7.78% | 8.51% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 1.95% | 0.33% | 1.61% | 14.27% | 9.10% | 9.22% |
IEUR iShares Core MSCI Europe ETF | 1.04% | -3.42% | -5.23% | 4.14% | 5.04% | 5.65% |
IEUS iShares MSCI Europe Small-Cap ETF | -1.10% | -4.86% | -7.86% | 0.32% | 1.86% | 5.45% |
IEV iShares Europe ETF | 1.27% | -3.29% | -5.19% | 4.23% | 5.26% | 5.36% |
SPEU SPDR Portfolio Europe ETF | 0.85% | -3.42% | -5.17% | 4.47% | 5.17% | 5.23% |
VGK Vanguard FTSE Europe ETF | 0.93% | -3.41% | -4.99% | 4.49% | 5.23% | 5.67% |
Monthly Returns
The table below presents the monthly returns of Europe Equities, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -0.23% | 3.10% | 3.78% | -2.90% | 5.90% | -3.00% | 2.03% | 2.96% | 0.04% | -5.30% | -2.12% | -1.60% | 2.04% |
| 2023 | 9.92% | -0.55% | 2.42% | 3.34% | -4.23% | 4.47% | 2.63% | -3.74% | -4.63% | -2.96% | 9.54% | 5.21% | 21.98% |
| 2022 | -4.07% | -6.08% | -0.18% | -5.43% | 1.87% | -9.96% | 6.06% | -6.88% | -9.31% | 8.94% | 12.75% | -2.05% | -15.93% |
| 2021 | -1.00% | 2.78% | 4.25% | 4.21% | 4.43% | -0.99% | 2.13% | 2.47% | -5.32% | 4.80% | -4.62% | 5.21% | 19.11% |
| 2020 | -2.69% | -7.55% | -17.07% | 7.19% | 6.13% | 4.50% | 2.55% | 4.58% | -2.36% | -4.53% | 16.08% | 4.91% | 7.97% |
| 2019 | 6.84% | 3.36% | 1.20% | 4.31% | -5.50% | 6.19% | -2.03% | -1.18% | 2.46% | 3.36% | 1.89% | 3.68% | 26.72% |
| 2018 | 5.31% | -5.33% | -0.24% | 1.78% | -2.10% | -1.39% | 3.71% | -2.49% | -0.74% | -7.69% | -0.66% | -5.39% | -14.89% |
| 2017 | 2.29% | 1.20% | 4.76% | 4.40% | 4.41% | -0.56% | 2.73% | 0.32% | 3.32% | 0.95% | -0.59% | 1.06% | 26.96% |
| 2016 | -5.62% | -3.10% | 6.53% | 2.04% | -0.05% | -4.66% | 3.89% | 0.98% | 0.66% | -2.05% | -2.30% | 5.41% | 0.92% |
| 2015 | 1.41% | 7.21% | -0.61% | 2.93% | 0.62% | -3.16% | 3.52% | -6.40% | -4.00% | 6.12% | -0.02% | -2.53% | 4.27% |
| 2014 | 2.42% | 2.42% |
Expense Ratio
Europe Equities features an expense ratio of 0.45%, falling within the medium range. Below you can find the expense ratios of portfolio funds side-by-side and effortlessly compare their relative costs.
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of Europe Equities is 5, meaning it’s performing worse than 95% of other portfolios on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
This table presents a comparison of risk-adjusted performance metrics for positions. Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
Dividend yield
Europe Equities provided a 2.82% dividend yield over the last twelve months.
| TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Portfolio | 2.82% | 2.84% | 2.72% | 3.88% | 2.25% | 1.67% | 2.88% | 3.15% | 2.10% | 3.14% | 2.96% | 2.81% |
| Portfolio components: | ||||||||||||
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 0.07% | 0.07% | 3.64% | 1.96% | 1.87% | 2.44% | 2.78% | 3.56% | 2.28% | 9.92% | 5.50% | 4.43% |
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 0.61% | 0.62% | 1.84% | 1.68% | 1.64% | 1.99% | 2.85% | 2.56% | 2.12% | 3.42% | 4.92% | 0.00% |
EDEN iShares MSCI Denmark ETF | 1.50% | 1.50% | 1.92% | 1.47% | 0.74% | 0.42% | 2.36% | 2.01% | 2.03% | 1.28% | 1.46% | 0.87% |
EIRL iShares MSCI Ireland ETF | 2.59% | 2.56% | 1.00% | 1.13% | 0.81% | 0.50% | 2.11% | 1.52% | 1.44% | 1.34% | 1.70% | 2.26% |
EUDG WisdomTree Europe Quality Dividend Growth Fund | 2.38% | 2.41% | 2.14% | 3.08% | 2.98% | 1.87% | 2.30% | 3.00% | 1.55% | 2.49% | 2.11% | 0.97% |
EWI iShares MSCI Italy ETF | 3.99% | 4.07% | 3.40% | 4.57% | 2.63% | 1.65% | 3.80% | 4.70% | 2.19% | 3.64% | 2.31% | 2.51% |
EWL iShares MSCI Switzerland ETF | 2.16% | 2.21% | 2.12% | 2.04% | 1.73% | 1.45% | 1.85% | 2.56% | 2.05% | 2.75% | 2.58% | 2.49% |
EWN iShares MSCI Netherlands ETF | 2.15% | 2.18% | 1.79% | 1.98% | 1.02% | 0.78% | 2.58% | 2.40% | 1.68% | 2.71% | 1.92% | 2.30% |
EWO iShares MSCI Austria ETF | 7.50% | 7.40% | 5.65% | 4.75% | 2.42% | 0.98% | 3.11% | 4.04% | 2.03% | 1.99% | 1.51% | 3.93% |
EWQ iShares MSCI France ETF | 3.29% | 3.31% | 2.73% | 3.23% | 3.79% | 1.02% | 2.44% | 2.90% | 1.90% | 2.84% | 2.25% | 3.38% |
EZU iShares MSCI Eurozone ETF | 2.86% | 2.90% | 2.56% | 2.79% | 2.46% | 2.13% | 2.84% | 3.47% | 1.91% | 3.07% | 2.18% | 2.97% |
FEZ SPDR EURO STOXX 50 ETF | 2.88% | 2.94% | 2.75% | 3.05% | 2.61% | 2.12% | 2.61% | 3.45% | 2.44% | 3.35% | 3.03% | 3.78% |
FSZ First Trust Switzerland AlphaDEX Fund | 1.77% | 1.80% | 2.11% | 4.28% | 1.92% | 1.53% | 2.01% | 2.29% | 1.49% | 1.93% | 1.08% | 1.89% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.22% | 3.28% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% |
HEZU iShares Currency Hedged MSCI Eurozone ETF | 2.72% | 2.77% | 2.52% | 23.25% | 2.25% | 2.32% | 5.40% | 3.47% | 1.92% | 3.11% | 2.68% | 1.15% |
IEUR iShares Core MSCI Europe ETF | 3.50% | 3.54% | 3.17% | 3.05% | 2.87% | 2.13% | 3.26% | 3.76% | 2.64% | 3.19% | 2.79% | 0.64% |
IEUS iShares MSCI Europe Small-Cap ETF | 3.28% | 3.25% | 2.97% | 3.00% | 2.63% | 1.21% | 4.03% | 3.20% | 2.13% | 2.48% | 2.06% | 2.38% |
IEV iShares Europe ETF | 3.07% | 3.10% | 2.77% | 3.06% | 2.81% | 1.76% | 3.06% | 3.43% | 2.39% | 3.08% | 2.81% | 3.79% |
SPEU SPDR Portfolio Europe ETF | 3.27% | 3.29% | 2.91% | 3.08% | 2.67% | 2.30% | 3.19% | 3.99% | 2.82% | 3.66% | 3.62% | 5.91% |
VGK Vanguard FTSE Europe ETF | 3.58% | 3.61% | 3.15% | 3.25% | 3.05% | 2.11% | 3.27% | 3.95% | 2.70% | 3.52% | 3.25% | 4.62% |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Europe Equities. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Europe Equities was 36.50%, occurring on Mar 18, 2020. Recovery took 169 trading sessions.
The current Europe Equities drawdown is 8.31%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -36.5% | Feb 13, 2020 | 24 | Mar 18, 2020 | 169 | Nov 16, 2020 | 193 |
| -31.52% | Nov 9, 2021 | 222 | Sep 27, 2022 | 309 | Dec 19, 2023 | 531 |
| -23.04% | Jan 29, 2018 | 229 | Dec 24, 2018 | 246 | Dec 16, 2019 | 475 |
| -21% | May 22, 2015 | 183 | Feb 11, 2016 | 301 | Apr 24, 2017 | 484 |
| -9.95% | Sep 30, 2024 | 59 | Dec 20, 2024 | — | — | — |
Volatility
Volatility Chart
The current Europe Equities volatility is 2.90%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.
Diversification
Asset Correlations Table
| EDEN | FSZ | EWO | EIRL | EWL | EWI | HEDJ | IEUS | DBEZ | DBEU | HEZU | EWN | EUDG | EWQ | SPEU | FEZ | EZU | IEUR | IEV | VGK | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EDEN | 1.00 | 0.66 | 0.61 | 0.64 | 0.69 | 0.64 | 0.62 | 0.71 | 0.62 | 0.65 | 0.62 | 0.72 | 0.75 | 0.70 | 0.74 | 0.71 | 0.73 | 0.76 | 0.75 | 0.76 |
| FSZ | 0.66 | 1.00 | 0.64 | 0.66 | 0.83 | 0.66 | 0.64 | 0.75 | 0.65 | 0.66 | 0.66 | 0.72 | 0.78 | 0.75 | 0.78 | 0.74 | 0.76 | 0.80 | 0.79 | 0.79 |
| EWO | 0.61 | 0.64 | 1.00 | 0.70 | 0.63 | 0.78 | 0.64 | 0.78 | 0.68 | 0.66 | 0.68 | 0.73 | 0.71 | 0.79 | 0.78 | 0.80 | 0.82 | 0.81 | 0.80 | 0.81 |
| EIRL | 0.64 | 0.66 | 0.70 | 1.00 | 0.67 | 0.70 | 0.68 | 0.78 | 0.69 | 0.68 | 0.70 | 0.74 | 0.74 | 0.78 | 0.78 | 0.78 | 0.79 | 0.80 | 0.79 | 0.80 |
| EWL | 0.69 | 0.83 | 0.63 | 0.67 | 1.00 | 0.70 | 0.70 | 0.74 | 0.69 | 0.75 | 0.71 | 0.76 | 0.86 | 0.80 | 0.86 | 0.79 | 0.80 | 0.86 | 0.86 | 0.86 |
| EWI | 0.64 | 0.66 | 0.78 | 0.70 | 0.70 | 1.00 | 0.75 | 0.77 | 0.78 | 0.76 | 0.80 | 0.78 | 0.76 | 0.86 | 0.85 | 0.89 | 0.90 | 0.87 | 0.87 | 0.87 |
| HEDJ | 0.62 | 0.64 | 0.64 | 0.68 | 0.70 | 0.75 | 1.00 | 0.71 | 0.94 | 0.94 | 0.97 | 0.80 | 0.78 | 0.82 | 0.82 | 0.86 | 0.85 | 0.83 | 0.84 | 0.84 |
| IEUS | 0.71 | 0.75 | 0.78 | 0.78 | 0.74 | 0.77 | 0.71 | 1.00 | 0.73 | 0.72 | 0.73 | 0.81 | 0.83 | 0.83 | 0.85 | 0.83 | 0.86 | 0.89 | 0.87 | 0.89 |
| DBEZ | 0.62 | 0.65 | 0.68 | 0.69 | 0.69 | 0.78 | 0.94 | 0.73 | 1.00 | 0.93 | 0.96 | 0.80 | 0.77 | 0.83 | 0.83 | 0.86 | 0.86 | 0.84 | 0.84 | 0.84 |
| DBEU | 0.65 | 0.66 | 0.66 | 0.68 | 0.75 | 0.76 | 0.94 | 0.72 | 0.93 | 1.00 | 0.96 | 0.80 | 0.80 | 0.83 | 0.85 | 0.86 | 0.85 | 0.86 | 0.87 | 0.86 |
| HEZU | 0.62 | 0.66 | 0.68 | 0.70 | 0.71 | 0.80 | 0.97 | 0.73 | 0.96 | 0.96 | 1.00 | 0.82 | 0.79 | 0.85 | 0.84 | 0.89 | 0.88 | 0.85 | 0.86 | 0.86 |
| EWN | 0.72 | 0.72 | 0.73 | 0.74 | 0.76 | 0.78 | 0.80 | 0.81 | 0.80 | 0.80 | 0.82 | 1.00 | 0.84 | 0.86 | 0.88 | 0.91 | 0.92 | 0.90 | 0.90 | 0.90 |
| EUDG | 0.75 | 0.78 | 0.71 | 0.74 | 0.86 | 0.76 | 0.78 | 0.83 | 0.77 | 0.80 | 0.79 | 0.84 | 1.00 | 0.89 | 0.91 | 0.88 | 0.89 | 0.93 | 0.93 | 0.93 |
| EWQ | 0.70 | 0.75 | 0.79 | 0.78 | 0.80 | 0.86 | 0.82 | 0.83 | 0.83 | 0.83 | 0.85 | 0.86 | 0.89 | 1.00 | 0.93 | 0.96 | 0.97 | 0.95 | 0.95 | 0.95 |
| SPEU | 0.74 | 0.78 | 0.78 | 0.78 | 0.86 | 0.85 | 0.82 | 0.85 | 0.83 | 0.85 | 0.84 | 0.88 | 0.91 | 0.93 | 1.00 | 0.95 | 0.95 | 0.97 | 0.98 | 0.98 |
| FEZ | 0.71 | 0.74 | 0.80 | 0.78 | 0.79 | 0.89 | 0.86 | 0.83 | 0.86 | 0.86 | 0.89 | 0.91 | 0.88 | 0.96 | 0.95 | 1.00 | 0.99 | 0.96 | 0.96 | 0.96 |
| EZU | 0.73 | 0.76 | 0.82 | 0.79 | 0.80 | 0.90 | 0.85 | 0.86 | 0.86 | 0.85 | 0.88 | 0.92 | 0.89 | 0.97 | 0.95 | 0.99 | 1.00 | 0.97 | 0.97 | 0.97 |
| IEUR | 0.76 | 0.80 | 0.81 | 0.80 | 0.86 | 0.87 | 0.83 | 0.89 | 0.84 | 0.86 | 0.85 | 0.90 | 0.93 | 0.95 | 0.97 | 0.96 | 0.97 | 1.00 | 0.99 | 0.99 |
| IEV | 0.75 | 0.79 | 0.80 | 0.79 | 0.86 | 0.87 | 0.84 | 0.87 | 0.84 | 0.87 | 0.86 | 0.90 | 0.93 | 0.95 | 0.98 | 0.96 | 0.97 | 0.99 | 1.00 | 0.99 |
| VGK | 0.76 | 0.79 | 0.81 | 0.80 | 0.86 | 0.87 | 0.84 | 0.89 | 0.84 | 0.86 | 0.86 | 0.90 | 0.93 | 0.95 | 0.98 | 0.96 | 0.97 | 0.99 | 0.99 | 1.00 |