DBAW vs. GSIE
Compare and contrast key facts about Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and Goldman Sachs ActiveBeta International Equity ETF (GSIE).
DBAW and GSIE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBAW is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI ACWI ex USA US Dollar Hedged Index. It was launched on Jan 23, 2014. GSIE is a passively managed fund by Goldman Sachs that tracks the performance of the Goldman Sachs ActiveBeta International Equity Index. It was launched on Nov 6, 2015. Both DBAW and GSIE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBAW or GSIE.
Key characteristics
| DBAW | GSIE | |
|---|---|---|
| YTD Return | 9.10% | 4.05% |
| 1Y Return | 17.95% | 11.10% |
| 3Y Return (Ann) | 6.40% | 2.72% |
| 5Y Return (Ann) | 8.12% | 6.03% |
| Sharpe Ratio | 1.86 | 0.88 |
| Daily Std Dev | 9.58% | 12.07% |
| Max Drawdown | -31.44% | -34.63% |
| Current Drawdown | 0.00% | -1.74% |
Correlation
The correlation between DBAW and GSIE is 0.87, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
DBAW vs. GSIE - Performance Comparison
In the year-to-date period, DBAW achieves a 9.10% return, which is significantly higher than GSIE's 4.05% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBAW vs. GSIE - Expense Ratio Comparison
DBAW has a 0.41% expense ratio, which is higher than GSIE's 0.25% expense ratio.
Risk-Adjusted Performance
DBAW vs. GSIE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and Goldman Sachs ActiveBeta International Equity ETF (GSIE). 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
DBAW vs. GSIE - Dividend Comparison
DBAW's dividend yield for the trailing twelve months is around 3.17%, more than GSIE's 2.58% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 3.17% | 3.45% | 13.44% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% | 7.59% |
GSIE Goldman Sachs ActiveBeta International Equity ETF | 2.58% | 2.87% | 3.01% | 2.40% | 1.24% | 2.80% | 2.68% | 2.31% | 2.15% | 0.13% | 0.00% |
Drawdowns
DBAW vs. GSIE - Drawdown Comparison
The maximum DBAW drawdown since its inception was -31.44%, smaller than the maximum GSIE drawdown of -34.63%. Use the drawdown chart below to compare losses from any high point for DBAW and GSIE. For additional features, visit the drawdowns tool.
Volatility
DBAW vs. GSIE - Volatility Comparison
The current volatility for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is 2.88%, while Goldman Sachs ActiveBeta International Equity ETF (GSIE) has a volatility of 3.72%. This indicates that DBAW experiences smaller price fluctuations and is considered to be less risky than GSIE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.