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DBEF vs. DBEU
Performance
Return for Risk
Dividends
Drawdowns
Volatility

DBEF vs. DBEU

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU).

DBEF and DBEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBEF is a passively managed fund by DWS that tracks the performance of the MSCI EAFE US Dollar Hedged Index. It was launched on Jun 9, 2011. DBEU is a passively managed fund by DWS that tracks the performance of the MSCI Europe US Dollar Hedged Index. It was launched on Oct 1, 2013. Both DBEF and DBEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DBEF vs. DBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). The values are adjusted to include any dividend payments, if applicable.

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DBEF vs. DBEU - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
DBEF
Xtrackers MSCI EAFE Hedged Equity ETF		2.68%23.16%13.40%20.15%-5.13%19.60%2.03%24.94%-9.52%16.74%
DBEU
Xtrackers MSCI Europe Hedged Equity Fund		1.50%22.18%9.17%17.43%-6.25%23.99%-1.42%27.32%-8.49%14.60%

Returns By Period

In the year-to-date period, DBEF achieves a 2.68% return, which is significantly higher than DBEU's 1.50% return. Over the past 10 years, DBEF has outperformed DBEU with an annualized return of 11.65%, while DBEU has yielded a comparatively lower 10.77% annualized return.

DBEF

1D
2.34%
1M
-5.60%
YTD
2.68%
6M
9.22%
1Y
20.92%
3Y*
16.41%
5Y*
12.35%
10Y*
11.65%

DBEU

1D
2.31%
1M
-5.42%
YTD
1.50%
6M
7.49%
1Y
15.73%
3Y*
13.20%
5Y*
11.05%
10Y*
10.77%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers MSCI EAFE Hedged Equity ETF

Xtrackers MSCI Europe Hedged Equity Fund

Often compared with DBEF:
DBEF vs. HEFADBEF vs. VXUSDBEF vs. IHDGDBEF vs. SCHDDBEF vs. VOODBEF vs. QQQDBEF vs. PWJZX
Often compared with DBEU:
DBEU vs. HEDJDBEU vs. VGKDBEU vs. IEUSDBEU vs. PTEUDBEU vs. FLEEDBEU vs. ^GSPCDBEU vs. FEZ

DBEF vs. DBEU - Expense Ratio Comparison

DBEF has a 0.36% expense ratio, which is lower than DBEU's 0.45% expense ratio.

DBEU
Xtrackers MSCI Europe Hedged Equity Fund
DBEF
Xtrackers MSCI EAFE Hedged Equity ETF

Return for Risk

DBEF vs. DBEU — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
DBEF
DBEF Risk / Return Rank: 7474
Overall Rank
DBEF Sharpe Ratio Rank: 7474
Sharpe Ratio Rank
DBEF Sortino Ratio Rank: 7474
Sortino Ratio Rank
DBEF Omega Ratio Rank: 7777
Omega Ratio Rank
DBEF Calmar Ratio Rank: 6969
Calmar Ratio Rank
DBEF Martin Ratio Rank: 7575
Martin Ratio Rank
DBEU
DBEU Risk / Return Rank: 5454
Overall Rank
DBEU Sharpe Ratio Rank: 5454
Sharpe Ratio Rank
DBEU Sortino Ratio Rank: 5454
Sortino Ratio Rank
DBEU Omega Ratio Rank: 5757
Omega Ratio Rank
DBEU Calmar Ratio Rank: 4949
Calmar Ratio Rank
DBEU Martin Ratio Rank: 5454
Martin Ratio Rank
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.

DBEF vs. DBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). 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.

DBEFDBEUDifference

Sharpe ratio

Return per unit of total volatility

1.27

0.93

+0.34

Sortino ratio

Return per unit of downside risk

1.82

1.39

+0.43

Omega ratio

Gain probability vs. loss probability

1.28

1.21

+0.07

Calmar ratio

Return relative to maximum drawdown

1.68

1.20

+0.48

Martin ratio

Return relative to average drawdown

7.43

5.11

+2.32

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEF vs. DBEU - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.27, which is higher than the DBEU Sharpe Ratio of 0.93. The chart below compares the historical Sharpe Ratios of DBEF and DBEU, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

DBEFDBEUDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.27

0.93

+0.34

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.91

0.78

+0.13

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.74

0.66

+0.08

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.56

-0.03

Correlation

The correlation between DBEF and DBEU is 0.94, 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.

Dividends

DBEF vs. DBEU - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 5.40%, more than DBEU's 4.49% yield.

TTM20252024202320222021202020192018201720162015
DBEF
Xtrackers MSCI EAFE Hedged Equity ETF		5.40%5.55%1.29%4.46%15.85%2.28%2.41%3.03%3.22%2.98%2.55%3.70%
DBEU
Xtrackers MSCI Europe Hedged Equity Fund		4.49%4.55%0.07%3.64%1.96%1.87%2.44%2.77%3.55%2.28%9.92%5.50%

Drawdowns

DBEF vs. DBEU - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum DBEU drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for DBEF and DBEU.

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Drawdown Indicators

DBEFDBEUDifference

Max Drawdown

Largest peak-to-trough decline

-32.46%

-34.50%

+2.04%

Max Drawdown (1Y)

Largest decline over 1 year

-11.93%

-12.16%

+0.23%

Max Drawdown (5Y)

Largest decline over 5 years

-14.95%

-17.67%

+2.72%

Max Drawdown (10Y)

Largest decline over 10 years

-32.46%

-34.50%

+2.04%

Current Drawdown

Current decline from peak

-5.87%

-6.00%

+0.13%

Average Drawdown

Average peak-to-trough decline

-4.77%

-4.48%

-0.29%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.70%

2.86%

-0.16%

Volatility

DBEF vs. DBEU - Volatility Comparison

Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU) have volatilities of 6.23% and 6.15%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DBEFDBEUDifference

Volatility (1M)

Calculated over the trailing 1-month period

6.23%

6.15%

+0.08%

Volatility (6M)

Calculated over the trailing 6-month period

9.33%

9.15%

+0.18%

Volatility (1Y)

Calculated over the trailing 1-year period

16.55%

17.00%

-0.45%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

13.62%

14.15%

-0.53%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.82%

16.43%

-0.61%