DBAW vs. JIVE

Last updated Jul 15, 2026

DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) and JIVE (JPMorgan International Value ETF) are both Foreign Large Cap Equities funds. DBAW is passively managed, while JIVE is actively managed. Over the past year, DBAW returned 31.54% vs 37.92% for JIVE. Their correlation of 0.82 suggests significant overlap in exposure. DBAW charges 0.41%/yr vs 0.55%/yr for JIVE.

Performance

DBAW vs. JIVE - 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 JPMorgan International Value ETF (JIVE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBAW achieves a 15.81% return, which is significantly lower than JIVE's 16.65% return.

DBAW

• 1D: 0.64%
• 1M: 0.28%
• 6M: 11.16%
• YTD: 15.81%
• 1Y: 31.54%
• 3Y*: 20.47%
• 5Y*: 11.35%
• 10Y*: 11.16%

JIVE

• 1D: 1.12%
• 1M: 0.05%
• 6M: 13.26%
• YTD: 16.65%
• 1Y: 37.92%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBAW vs. JIVE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	15.81%	26.47%	14.35%	4.53%
JIVE JPMorgan International Value ETF	16.65%	49.80%	11.22%	5.36%

Correlation

The correlation between DBAW and JIVE is 0.86, 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	0.86
Correlation (All Time) Calculated using the full available price history since Sep 14, 2023	0.82

The correlation between DBAW and JIVE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.

DBAW vs. JIVE - Sectors Allocation Comparison

Sectors	DBAW	JIVE
Financial Services	23.2%	37.6%
Technology	22.4%	11.7%
Industrials	14.3%	10.2%
Consumer Cyclical	7.6%	6.2%
Basic Materials	6.9%	5.7%
Healthcare	6.8%	4.5%
Consumer Defensive	5.0%	4.3%
Communication Services	4.9%	4.2%
Energy	4.8%	10.7%
Utilities	2.9%	2.4%
Real Estate	1.4%	2.4%

Return for Risk

DBAW vs. JIVE — Risk / Return Rank

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

DBAW

DBAW Risk / Return Rank: 85
DBAW Sharpe Ratio Rank: 86
DBAW Sortino Ratio Rank: 84
DBAW Omega Ratio Rank: 87
DBAW Calmar Ratio Rank: 83
DBAW Martin Ratio Rank: 85

JIVE

JIVE Risk / Return Rank: 88
JIVE Sharpe Ratio Rank: 92
JIVE Sortino Ratio Rank: 90
JIVE Omega Ratio Rank: 89
JIVE Calmar Ratio Rank: 84
JIVE Martin Ratio Rank: 85

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. JIVE - 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 JPMorgan International Value ETF (JIVE). 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	JIVE	Difference
Sharpe ratio: Return per unit of total volatility	2.20	2.51	-0.31
Sortino ratio: Return per unit of downside risk	2.97	3.32	-0.35
Omega ratio: Gain probability vs. loss probability	1.42	1.45	-0.03
Calmar ratio: Return relative to maximum drawdown	3.52	3.61	-0.08
Martin ratio: Return relative to average drawdown	13.78	13.55	+0.23

DBAW vs. JIVE - Sharpe Ratio Comparison

The current DBAW Sharpe Ratio is 2.20, which is comparable to the JIVE Sharpe Ratio of 2.51. The chart below compares the historical Sharpe Ratios of DBAW and JIVE, 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. JIVE - Drawdown Comparison

The maximum DBAW drawdown since its inception was -31.44%, which is greater than JIVE's maximum drawdown of -13.79%. Use the drawdown chart below to compare losses from any high point for DBAW and JIVE.

Drawdown Indicators

	DBAW	JIVE	Difference
Max Drawdown Largest peak-to-trough decline	-31.44%	-13.79%	-17.65%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-10.57%	+1.57%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	—	—
Current Drawdown Current decline from peak	-2.98%	-0.97%	-2.01%
Average Drawdown Average peak-to-trough decline	-4.97%	-1.95%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.29%	2.81%	-0.52%

Volatility

DBAW vs. JIVE - Volatility Comparison

Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has a higher volatility of 5.18% compared to JPMorgan International Value ETF (JIVE) at 4.25%. This indicates that DBAW's price experiences larger fluctuations and is considered to be riskier than JIVE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBAW	JIVE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.18%	4.25%	+0.93%
Volatility (6M) Calculated over the trailing 6-month period	12.66%	13.16%	-0.50%
Volatility (1Y) Calculated over the trailing 1-year period	14.38%	15.17%	-0.79%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.01%	15.10%	-1.09%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.19%	15.10%	+0.09%

DBAW vs. JIVE - Expense Ratio Comparison

DBAW has a 0.41% expense ratio, which is lower than JIVE's 0.55% expense ratio.

Dividends

DBAW vs. JIVE - Dividend Comparison

DBAW's dividend yield for the trailing twelve months is around 1.69%, less than JIVE's 2.47% 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%
JIVE JPMorgan International Value ETF	2.47%	2.88%	2.48%	0.74%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBAW and JIVE in my portfolio?

DBAW and JIVE have a correlation of 0.86, 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 JIVE?

DBAW has higher volatility (5.18%) compared to JIVE (4.25%). In terms of maximum drawdown, DBAW dropped -31.44% vs JIVE's -13.79%.

Which ETF is better, DBAW or JIVE?

On 1-year performance, JIVE leads with 37.92% vs 31.54% for DBAW. On fees, DBAW is cheaper at 0.41% per year. On volatility, JIVE has been the lower-risk option at 4.25%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBAW or JIVE?

Over the 1-year period, JIVE has performed better with a 37.92% return vs 31.54%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBAW or JIVE?

DBAW is cheaper with a 0.41% expense ratio, compared with 0.55% for JIVE.

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

JIVE has the higher dividend yield at 2.47%, compared with 1.69% for DBAW.

What is the main difference between DBAW and JIVE?

They also come from different issuers: Deutsche Bank and JPMorgan. Their fees differ too: 0.41% for DBAW and 0.55% for JIVE.

Which has better risk-adjusted returns?

JIVE currently has the higher Sharpe Ratio (2.51 vs 2.20), 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.