DBEF vs. DXJ
Compare and contrast key facts about Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and WisdomTree Japan Hedged Equity Fund (DXJ).
DBEF and DXJ 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. DXJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Japan Hedged Equity Index. It was launched on Jun 16, 2006. Both DBEF and DXJ 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: DBEF or DXJ.
Performance
DBEF vs. DXJ - Performance Comparison
Returns By Period
In the year-to-date period, DBEF achieves a 12.29% return, which is significantly lower than DXJ's 24.76% return. Over the past 10 years, DBEF has underperformed DXJ with an annualized return of 8.58%, while DXJ has yielded a comparatively higher 11.37% annualized return.
DBEF
12.29%
-2.59%
-1.20%
15.88%
9.74%
8.58%
DXJ
24.76%
-0.02%
0.54%
22.13%
18.41%
11.37%
Key characteristics
| DBEF | DXJ | |
|---|---|---|
| Sharpe Ratio | 1.52 | 1.12 |
| Sortino Ratio | 2.04 | 1.48 |
| Omega Ratio | 1.27 | 1.22 |
| Calmar Ratio | 1.71 | 1.05 |
| Martin Ratio | 8.02 | 3.72 |
| Ulcer Index | 2.08% | 6.28% |
| Daily Std Dev | 11.00% | 20.89% |
| Max Drawdown | -32.46% | -49.63% |
| Current Drawdown | -3.03% | -7.29% |
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DBEF vs. DXJ - Expense Ratio Comparison
DBEF has a 0.36% expense ratio, which is lower than DXJ's 0.48% expense ratio.
Correlation
The correlation between DBEF and DXJ is 0.77, 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.
Risk-Adjusted Performance
DBEF vs. DXJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and WisdomTree Japan Hedged Equity Fund (DXJ). 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
DBEF vs. DXJ - Dividend Comparison
DBEF's dividend yield for the trailing twelve months is around 0.65%, less than DXJ's 2.36% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 0.65% | 4.45% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.56% | 3.70% | 5.09% | 1.48% |
DXJ WisdomTree Japan Hedged Equity Fund | 2.36% | 3.44% | 3.03% | 2.64% | 2.53% | 2.47% | 2.92% | 2.30% | 1.98% | 5.95% | 11.61% | 2.44% |
Drawdowns
DBEF vs. DXJ - Drawdown Comparison
The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum DXJ drawdown of -49.63%. Use the drawdown chart below to compare losses from any high point for DBEF and DXJ. For additional features, visit the drawdowns tool.
Volatility
DBEF vs. DXJ - Volatility Comparison
The current volatility for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) is 3.01%, while WisdomTree Japan Hedged Equity Fund (DXJ) has a volatility of 4.93%. This indicates that DBEF experiences smaller price fluctuations and is considered to be less risky than DXJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.