DBAW vs. VXUS

Last updated Aug 4, 2026

DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) and VXUS (Vanguard Total International Stock ETF) are both exchange-traded funds - DBAW is a Foreign Large Cap Equities fund tracking the MSCI ACWI ex USA US Dollar Hedged Index, while VXUS is a Global Equities fund tracking the FTSE Global All Cap ex US Index. Both are passively managed. Over the past 10 years, DBAW returned 10.99%/yr vs 9.41%/yr for VXUS. Their correlation of 0.87 means they have usually moved in the same direction. DBAW charges 0.41%/yr vs 0.05%/yr for VXUS.

Performance

DBAW vs. VXUS - 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 Vanguard Total International Stock ETF (VXUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBAW achieves a 15.50% return, which is significantly higher than VXUS's 13.32% return. Over the past 10 years, DBAW has outperformed VXUS with an annualized return of 10.99%, while VXUS has yielded a comparatively lower 9.41% annualized return.

DBAW

• 1D: 0.24%
• 1M: -0.39%
• 6M: 9.89%
• YTD: 15.50%
• 1Y: 31.91%
• 3Y*: 20.32%
• 5Y*: 11.27%
• 10Y*: 10.99%
• ALL TIME*: 9.39%

VXUS

• 1D: 0.51%
• 1M: 0.21%
• 6M: 6.72%
• YTD: 13.32%
• 1Y: 28.21%
• 3Y*: 18.14%
• 5Y*: 8.68%
• 10Y*: 9.41%
• ALL TIME*: 6.58%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	$1.39M	$1.84M	$1.16M
VXUS Vanguard Total International Stock ETF	$365.42M	$401.26M	$508.45M

DBAW vs. VXUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	15.50%	26.47%	14.35%	16.26%	-13.35%	13.08%	7.44%	22.96%	-10.38%	18.79%
VXUS Vanguard Total International Stock ETF	13.32%	32.35%	5.08%	15.86%	-16.08%	8.98%	10.66%	21.75%	-14.43%	27.46%

Correlation

The correlation between DBAW and VXUS is 0.93, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.93
Correlation (3Y) Balances recent behavior with more history.	0.90
Correlation (5Y) Shows whether the relationship held over a longer period.	0.91
Correlation (10Y) Provides a long-term view across more market conditions.	0.91
Correlation (All Time) Calculated using the full available price history since Jan 27, 2014	0.87

The correlation between DBAW and VXUS has been stable across timeframes, ranging from 0.87 to 0.93 - a consistent structural relationship.

DBAW vs. VXUS - Sectors Allocation Comparison

Sectors	DBAW	VXUS
Financial Services	23.9%	23.2%
Technology	23.5%	23.7%
Industrials	13.9%	14.5%
Consumer Cyclical	7.1%	6.8%
Healthcare	6.9%	6.8%
Basic Materials	6.3%	6.6%
Consumer Defensive	5.0%	4.8%
Communication Services	4.7%	3.8%
Energy	4.4%	4.2%
Utilities	3.0%	2.9%
Real Estate	1.3%	1.7%

Return for Risk

DBAW vs. VXUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DBAW

DBAW Risk / Return Rank: 87
DBAW Sharpe Ratio Rank: 88
DBAW Sortino Ratio Rank: 86
DBAW Omega Ratio Rank: 89
DBAW Calmar Ratio Rank: 87
DBAW Martin Ratio Rank: 87

VXUS

VXUS Risk / Return Rank: 72
VXUS Sharpe Ratio Rank: 73
VXUS Sortino Ratio Rank: 70
VXUS Omega Ratio Rank: 73
VXUS Calmar Ratio Rank: 71
VXUS Martin Ratio Rank: 73

The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DBAW vs. VXUS - 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 Vanguard Total International Stock ETF (VXUS). 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	VXUS	Difference
Sharpe ratio: Return per unit of total volatility	2.19	1.68	+0.51
Sortino ratio: Return per unit of downside risk	2.98	2.32	+0.66
Omega ratio: Gain probability vs. loss probability	1.41	1.31	+0.10
Calmar ratio: Return relative to maximum drawdown	3.56	2.51	+1.05
Martin ratio: Return relative to average drawdown	13.08	9.21	+3.87

DBAW vs. VXUS - Sharpe Ratio Comparison

The current DBAW Sharpe Ratio is 2.19, which is higher than the VXUS Sharpe Ratio of 1.68. The chart below compares the historical Sharpe Ratios of DBAW and VXUS, 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. VXUS - Drawdown Comparison

The maximum DBAW drawdown since its inception was -31.44%, smaller than the maximum VXUS drawdown of -35.97%. Use the drawdown chart below to compare losses from any high point for DBAW and VXUS.

Drawdown Indicators

	DBAW	VXUS	Difference
Max Drawdown Largest peak-to-trough decline	-31.44%	-35.97%	+4.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.00%	-11.27%	+2.27%
Max Drawdown (3Y) Largest decline over 3 years	-14.11%	-13.58%	-0.53%
Max Drawdown (5Y) Largest decline over 5 years	-17.87%	-29.44%	+11.57%
Max Drawdown (10Y) Largest decline over 10 years	-31.44%	-35.97%	+4.53%
Current Drawdown Current decline from peak	-3.24%	-2.34%	-0.90%
Average Drawdown Average peak-to-trough decline	-4.97%	-8.16%	+3.19%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.45%	3.07%	-0.62%

Volatility

DBAW vs. VXUS - Volatility Comparison

The current volatility for Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is 4.84%, while Vanguard Total International Stock ETF (VXUS) has a volatility of 5.30%. This indicates that DBAW experiences smaller price fluctuations and is considered to be less risky than VXUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBAW	VXUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.84%	5.30%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	12.92%	14.98%	-2.06%
Volatility (1Y) Calculated over the trailing 1-year period	14.66%	16.87%	-2.21%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.05%	16.35%	-2.30%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.22%	17.03%	-1.81%

DBAW vs. VXUS - Expense Ratio Comparison

DBAW has a 0.41% expense ratio, which is higher than VXUS's 0.05% expense ratio.

Dividends

DBAW vs. VXUS - Dividend Comparison

DBAW's dividend yield for the trailing twelve months is around 1.70%, less than VXUS's 2.57% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	1.70%	3.83%	1.70%	3.45%	8.81%	2.05%	2.08%	2.91%	2.93%	2.41%	1.99%	5.74%
VXUS Vanguard Total International Stock ETF	2.57%	3.18%	3.37%	3.24%	3.09%	3.10%	2.14%	3.06%	3.18%	2.73%	2.93%	2.83%

Frequently Asked Questions

Can I hold both DBAW and VXUS in my portfolio?

With a correlation of 0.93, DBAW and VXUS move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, DBAW or VXUS?

VXUS has higher volatility (5.30%) compared to DBAW (4.84%). In terms of maximum drawdown, DBAW dropped -31.44% vs VXUS's -35.97%.

Which ETF is better, DBAW or VXUS?

On 10-year performance, DBAW leads with 10.99% vs 9.41% for VXUS. On fees, VXUS is cheaper at 0.05% per year. On volatility, DBAW has been the lower-risk option at 4.84%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBAW or VXUS?

Over the 10-year period, DBAW has performed better with a 10.99% return vs 9.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBAW or VXUS?

VXUS is cheaper with a 0.05% expense ratio, compared with 0.41% for DBAW.

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

VXUS has the higher dividend yield at 2.57%, compared with 1.70% for DBAW.

What is the main difference between DBAW and VXUS?

DBAW is categorized as Foreign Large Cap Equities, while VXUS is Global Equities. DBAW tracks MSCI ACWI ex USA US Dollar Hedged Index, while VXUS tracks FTSE Global All Cap ex US Index. They also come from different issuers: Deutsche Bank and Vanguard. Their fees differ too: 0.41% for DBAW and 0.05% for VXUS.

Which has better risk-adjusted returns?

DBAW currently has the higher Sharpe Ratio (2.19 vs 1.68), 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.