DBAW vs. IQDG

Last updated Jun 24, 2026

DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) and IQDG (WisdomTree International Quality Dividend Growth Fund) are both Foreign Large Cap Equities funds - DBAW tracks the MSCI ACWI ex USA US Dollar Hedged Index while IQDG tracks the WisdomTree International Quality Dividend Growth Index. Both are passively managed. Over the past 10 years, DBAW returned 11.99%/yr vs 8.47%/yr for IQDG. Their correlation of 0.81 suggests significant overlap in exposure. DBAW charges 0.41%/yr vs 0.42%/yr for IQDG.

Performance

DBAW vs. IQDG - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and WisdomTree International Quality Dividend Growth Fund (IQDG). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBAW achieves a 16.14% return, which is significantly higher than IQDG's 4.03% return. Over the past 10 years, DBAW has outperformed IQDG with an annualized return of 11.99%, while IQDG has yielded a comparatively lower 8.47% annualized return.

DBAW

• 1D: -2.70%
• 1M: 2.62%
• YTD: 16.14%
• 6M: 16.41%
• 1Y: 35.60%
• 3Y*: 21.48%
• 5Y*: 11.25%
• 10Y*: 11.99%

IQDG

• 1D: -1.67%
• 1M: 1.36%
• YTD: 4.03%
• 6M: 4.06%
• 1Y: 13.67%
• 3Y*: 10.50%
• 5Y*: 4.05%
• 10Y*: 8.47%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBAW vs. IQDG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	16.14%	26.47%	14.35%	16.26%	-13.35%	13.08%	7.44%	22.96%	-10.38%	18.79%
IQDG WisdomTree International Quality Dividend Growth Fund	4.03%	24.19%	-3.38%	20.76%	-19.97%	12.28%	16.58%	30.03%	-16.81%	30.64%

Correlation

The correlation between DBAW and IQDG is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.83
Correlation (3Y) Calculated over the trailing 3-year period	0.83
Correlation (5Y) Calculated over the trailing 5-year period	0.84
Correlation (10Y) Calculated over the trailing 10-year period	0.82
Correlation (All Time) Calculated using the full available price history since Apr 7, 2016	0.81

The correlation between DBAW and IQDG has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.

DBAW vs. IQDG - Sectors Allocation Comparison

Sectors	DBAW	IQDG
Financial Services	23.2%	15.7%
Technology	22.4%	11.2%
Industrials	14.3%	24.3%
Consumer Cyclical	7.6%	19.3%
Basic Materials	6.9%	5.2%
Healthcare	6.8%	9.4%
Consumer Defensive	5.0%	4.4%
Communication Services	4.9%	5.7%
Energy	4.8%	3.7%
Utilities	2.9%	0.7%
Real Estate	1.4%	0.3%

Return for Risk

DBAW vs. IQDG — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBAW

DBAW Risk / Return Rank: 83
DBAW Sharpe Ratio Rank: 84
DBAW Sortino Ratio Rank: 82
DBAW Omega Ratio Rank: 86
DBAW Calmar Ratio Rank: 80
DBAW Martin Ratio Rank: 84

IQDG

IQDG Risk / Return Rank: 25
IQDG Sharpe Ratio Rank: 24
IQDG Sortino Ratio Rank: 24
IQDG Omega Ratio Rank: 23
IQDG Calmar Ratio Rank: 24
IQDG Martin Ratio Rank: 27

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DBAW vs. IQDG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) and WisdomTree International Quality Dividend Growth Fund (IQDG). 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.

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	IQDG	Difference
Sharpe ratio: Return per unit of total volatility	2.55	0.83	+1.73
Sortino ratio: Return per unit of downside risk	3.41	1.28	+2.13
Omega ratio: Gain probability vs. loss probability	1.49	1.15	+0.34
Calmar ratio: Return relative to maximum drawdown	3.98	1.11	+2.86
Martin ratio: Return relative to average drawdown	16.14	3.58	+12.56

DBAW vs. IQDG - Sharpe Ratio Comparison

The current DBAW Sharpe Ratio is 2.55, which is higher than the IQDG Sharpe Ratio of 0.83. The chart below compares the historical Sharpe Ratios of DBAW and IQDG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBAW vs. IQDG - Drawdown Comparison

The maximum DBAW drawdown since its inception was -31.44%, smaller than the maximum IQDG drawdown of -34.97%. Use the drawdown chart below to compare losses from any high point for DBAW and IQDG.

Drawdown Indicators

	DBAW	IQDG	Difference
Max Drawdown Largest peak-to-trough decline	-31.44%	-34.97%	+3.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-12.35%	+3.35%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-18.12%	+4.01%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	-34.97%	+17.10%
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	-34.97%	+3.53%
Current Drawdown Current decline from peak	-2.70%	-2.90%	+0.20%
Average Drawdown Average peak-to-trough decline	-4.98%	-7.49%	+2.51%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.21%	3.83%	-1.62%

Volatility

DBAW vs. IQDG - Volatility Comparison

Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has a higher volatility of 6.39% compared to WisdomTree International Quality Dividend Growth Fund (IQDG) at 5.37%. This indicates that DBAW's price experiences larger fluctuations and is considered to be riskier than IQDG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBAW	IQDG	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.39%	5.37%	+1.02%
Volatility (6M) Calculated over the trailing 6-month period	12.35%	14.00%	-1.65%
Volatility (1Y) Calculated over the trailing 1-year period	14.01%	16.64%	-2.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.97%	17.90%	-3.93%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.21%	17.37%	-2.16%

DBAW vs. IQDG - Expense Ratio Comparison

DBAW has a 0.41% expense ratio, which is lower than IQDG's 0.42% expense ratio.

Dividends

DBAW vs. IQDG - Dividend Comparison

DBAW's dividend yield for the trailing twelve months is around 1.69%, less than IQDG's 2.13% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	1.69%	3.83%	1.70%	3.45%	8.81%	2.05%	2.08%	2.91%	2.93%	2.41%	1.99%	5.74%
IQDG WisdomTree International Quality Dividend Growth Fund	2.13%	2.28%	2.60%	1.76%	4.18%	2.67%	1.65%	1.95%	1.96%	1.71%	1.35%	0.00%

Frequently Asked Questions

Can I hold both DBAW and IQDG in my portfolio?

DBAW and IQDG have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBAW or IQDG?

DBAW has higher volatility (6.39%) compared to IQDG (5.37%). In terms of maximum drawdown, DBAW dropped -31.44% vs IQDG's -34.97%.

Which ETF is better, DBAW or IQDG?

On 10-year performance, DBAW leads with 11.99% vs 8.47% for IQDG. On fees, DBAW is cheaper at 0.41% per year. On volatility, IQDG has been the lower-risk option at 5.37%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBAW or IQDG?

Over the 10-year period, DBAW has performed better with a 11.99% return vs 8.47%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBAW or IQDG?

DBAW is cheaper with a 0.41% expense ratio, compared with 0.42% for IQDG.

Which ETF pays a higher dividend yield, DBAW or IQDG?

IQDG has the higher dividend yield at 2.13%, compared with 1.69% for DBAW.

What is the main difference between DBAW and IQDG?

DBAW tracks MSCI ACWI ex USA US Dollar Hedged Index, while IQDG tracks WisdomTree International Quality Dividend Growth Index. They also come from different issuers: Deutsche Bank and WisdomTree. Their fees differ too: 0.41% for DBAW and 0.42% for IQDG.

Which has better risk-adjusted returns?

DBAW currently has the higher Sharpe Ratio (2.55 vs 0.83), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.