- ISIN
- US2330518208
- CUSIP
- 233051820
- Issuer
- Deutsche Bank
- Inception Date
- Jan 23, 2014
- Region
- Developed Markets (Broad)
- Category
- Foreign Large Cap Equities
- Leveraged
- 1x (No leverage)
- Index Tracked
- MSCI ACWI ex USA US Dollar Hedged Index
- Distribution Policy
- Distributing
- Asset Class
- Equity
- Asset Class Size
- Large-Cap
- Asset Class Style
- Blend
- Assets Under Management
- $291M
Highlights
- Avg. Volume (1M)
- 38K
- Avg. Volume Value (1M)
- $1.79M
Share Price Chart
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Performance
DBAW Performance Chart
Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is up 15.2% since the beginning of the year. DBAW is currently trading at $47 per share. Investors who bought $1,000 worth of DBAW shares 5 years ago would now be looking at an investment worth $1,720.
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Returns By Period
Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has returned 15.22% so far this year and 31.59% over the past 12 months. Over the last ten years, DBAW has returned 11.19% per year, falling short of the S&P 500 Index benchmark, which averaged 13.26% annually.
Xtrackers MSCI All World ex US Hedged Equity ETF
- 1D
- -0.14%
- 1M
- -0.63%
- 6M
- 10.49%
- YTD
- 15.22%
- 1Y
- 31.59%
- 3Y*
- 19.45%
- 5Y*
- 11.46%
- 10Y*
- 11.19%
- ALL TIME*
- 9.37%
Benchmark (S&P 500 Index)
- 1D
- 0.70%
- 1M
- 0.09%
- 6M
- 7.94%
- YTD
- 9.41%
- 1Y
- 20.07%
- 3Y*
- 17.84%
- 5Y*
- 11.25%
- 10Y*
- 13.26%
- ALL TIME*
- 8.09%
DBAW Monthly Returns History
Based on dividend-adjusted daily data since Jan 27, 2014, DBAW's average daily return is +0.04%, while the average monthly return is +0.80%. At this rate, an investment would double in approximately 7.2 years.
Historically, 68% of months were positive and 32% were negative. The best month was Nov 2020 with a return of +11.5%, while the worst month was Mar 2020 at -12.6%. The longest winning streak lasted 11 consecutive months, and the longest losing streak was 3 months.
On a daily basis, DBAW closed higher 52% of trading days. The best single day was Mar 13, 2020 with a return of +7.0%, while the worst single day was Mar 16, 2020 at -10.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.28% | 5.30% | -5.70% | 5.81% | 4.95% | 2.30% | -2.06% | 15.22% | |||||
| 2025 | 4.12% | 1.43% | -1.32% | -1.36% | 4.20% | 2.89% | 1.68% | 2.64% | 3.11% | 4.28% | 0.23% | 2.05% | 26.47% |
| 2024 | 0.66% | 3.98% | 3.80% | -0.65% | 2.78% | 0.34% | 1.19% | 0.79% | 2.49% | -1.64% | 0.25% | -0.33% | 14.35% |
| 2023 | 7.76% | -1.48% | 1.22% | 1.42% | -1.95% | 4.13% | 2.90% | -2.75% | -1.59% | -2.66% | 6.07% | 2.75% | 16.26% |
| 2022 | -1.87% | -3.30% | 0.74% | -2.82% | 0.65% | -5.57% | 3.55% | -2.14% | -6.45% | 3.53% | 8.68% | -7.99% | -13.35% |
| 2021 | 1.15% | 2.85% | 3.30% | 0.77% | 2.07% | 1.43% | -1.55% | 1.64% | -1.99% | 2.40% | -2.79% | 3.33% | 13.08% |
Benchmark Metrics
Xtrackers MSCI All World ex US Hedged Equity ETF has an annualized alpha of 0.59%, beta of 0.74, and R2 of 0.70 versus S&P 500 Index. Calculated based on daily prices since January 27, 2014.
- This ETF participated in 71.74% of S&P 500 Index downside but only 68.15% of its upside - more exposed to losses than it benefited from rallies.
- Alpha
- 0.59%
- Beta
- 0.74
- R²
- 0.70
- Upside Capture
- 68.15%
- Downside Capture
- 71.74%
Expense Ratio
DBAW has an expense ratio of 0.41%, placing it in the medium range.
Return for Risk
Risk / Return Rank
DBAW ranks 86 for risk / return — above 86% of ETFs peers on PortfoliosLab. Its historical combined result is among the stronger results in the peer group.
Risk / Return Metrics
The table below present risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DBAW | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.64 | ||
| Sortino ratioReturn per unit of downside risk | +0.83 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.25 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.35 | 2.00 | +1.35 |
| Martin ratioReturn relative to average drawdown | 12.36 | 8.49 | +3.87 |
Dividends
Dividend History
Xtrackers MSCI All World ex US Hedged Equity ETF provided a 1.70% dividend yield over the last twelve months, with an annual payout of $0.81 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.81 | $1.58 | $0.58 | $1.04 | $2.37 | $0.69 | $0.63 | $0.84 | $0.71 | $0.67 | $0.48 | $1.33 |
Dividend yield | 1.70% | 3.83% | 1.70% | 3.45% | 8.81% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% |
Monthly Dividends
The table displays the monthly dividend distributions for Xtrackers MSCI All World ex US Hedged Equity ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.02 | $0.00 | $0.02 | |||||
| 2025 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.79 | $1.58 |
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.34 | $0.58 |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $1.01 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.04 | $1.04 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.37 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $2.00 | $2.37 |
| 2021 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.45 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.24 | $0.69 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the Xtrackers MSCI All World ex US Hedged Equity ETF. 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 Xtrackers MSCI All World ex US Hedged Equity ETF was 31.44%, occurring on Mar 16, 2020. Recovery took 175 trading sessions.
The current Xtrackers MSCI All World ex US Hedged Equity ETF drawdown is 3.47%.
Drawdown | Fall | Recovery | Underwater | Related event |
|---|---|---|---|---|
-31.44%Mar 2020 | 1mo 25d | 8mo 9d | 10mo 4dJan 2020 - Nov 2020 | COVID crash2020 |
-24.10%Feb 2016 | 9mo 19d | 1y 2mo | 1y 12moApr 2015 - Apr 2017 | — |
-17.87%Oct 2022 | 10mo 29d | 1y 3mo | 2y 2moNov 2021 - Jan 2024 | Bear market2022 |
-16.27%Dec 2018 | 11mo 4d | 9mo 25d | 1y 8moJan 2018 - Oct 2019 | Rate-hike selloffLate 2018 |
-14.11%Apr 2025 | 19d | 1mo 12d | 2mo 1dMar 2025 - May 2025 | 2025 selloff2025 |
Drawdown Indicators
| DBAW | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.44% | -56.78% | +25.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -9.10% | +0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -14.11% | -18.90% | +4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -17.87% | -25.43% | +7.56% |
Max Drawdown (10Y)Largest decline over 10 years | -31.44% | -33.92% | +2.48% |
Current DrawdownCurrent decline from peak | -3.47% | -1.58% | -1.89% |
Average DrawdownAverage peak-to-trough decline | -4.97% | -10.70% | +5.73% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.44% | 2.14% | +0.30% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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