DBEF vs. EDV
DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and EDV (Vanguard Extended Duration Treasury ETF) are both exchange-traded funds - DBEF is a Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index, while EDV is a Government Bonds fund tracking the Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. Both are passively managed. Over the past 10 years, DBEF returned 12.66%/yr vs -3.45%/yr for EDV. At a correlation of -0.24, they often move in opposite directions. DBEF charges 0.36%/yr vs 0.05%/yr for EDV.
Performance
DBEF vs. EDV - Performance Comparison
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Returns By Period
In the year-to-date period, DBEF achieves a 11.20% return, which is significantly higher than EDV's 0.40% return. Over the past 10 years, DBEF has outperformed EDV with an annualized return of 12.66%, while EDV has yielded a comparatively lower -3.45% annualized return.
DBEF
- 1D
- 2.77%
- 1M
- 3.28%
- YTD
- 11.20%
- 6M
- 12.22%
- 1Y
- 25.17%
- 3Y*
- 17.96%
- 5Y*
- 13.12%
- 10Y*
- 12.66%
EDV
- 1D
- 1.93%
- 1M
- 2.59%
- YTD
- 0.40%
- 6M
- -1.16%
- 1Y
- 4.02%
- 3Y*
- -5.03%
- 5Y*
- -10.20%
- 10Y*
- -3.45%
DBEF vs. EDV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 11.20% | 23.16% | 13.40% | 20.15% | -5.13% | 19.60% | 2.03% | 24.94% | -9.52% | 16.74% |
EDV Vanguard Extended Duration Treasury ETF | 0.40% | 0.65% | -12.78% | 1.65% | -39.15% | -6.19% | 23.59% | 18.67% | -3.40% | 13.94% |
Correlation
The correlation between DBEF and EDV is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.13 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.15 |
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011 | -0.24 |
The correlation between DBEF and EDV shifts across timeframes, from -0.24 (all time) to 0.18 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
DBEF vs. EDV — Risk / Return Rank
DBEF
EDV
DBEF vs. EDV - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Vanguard Extended Duration Treasury ETF (EDV). 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.
| DBEF | EDV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.68 | ||
| Sortino ratioReturn per unit of downside risk | +2.27 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.06 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 2.69 | 0.32 | +2.36 |
| Martin ratioReturn relative to average drawdown | 11.29 | 0.73 | +10.56 |
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Drawdowns
DBEF vs. EDV - Drawdown Comparison
The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum EDV drawdown of -59.96%. Use the drawdown chart below to compare losses from any high point for DBEF and EDV.
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Drawdown Indicators
| DBEF | EDV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.46% | -59.96% | +27.50% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -12.54% | +3.13% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -26.99% | +12.37% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -55.03% | +40.08% |
Max Drawdown (10Y)Largest decline over 10 years | -32.46% | -59.96% | +27.50% |
Current DrawdownCurrent decline from peak | 0.00% | -53.94% | +53.94% |
Average DrawdownAverage peak-to-trough decline | -4.73% | -23.47% | +18.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.23% | 5.53% | -3.30% |
Volatility
DBEF vs. EDV - Volatility Comparison
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 4.63% compared to Vanguard Extended Duration Treasury ETF (EDV) at 4.21%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than EDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBEF | EDV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.63% | 4.21% | +0.42% |
Volatility (6M)Calculated over the trailing 6-month period | 10.81% | 9.90% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.90% | 14.54% | -1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.84% | 21.63% | -7.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.81% | 19.82% | -4.01% |
DBEF vs. EDV - Expense Ratio Comparison
DBEF has a 0.36% expense ratio, which is higher than EDV's 0.05% expense ratio.
Dividends
DBEF vs. EDV - Dividend Comparison
DBEF's dividend yield for the trailing twelve months is around 4.99%, more than EDV's 4.93% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 4.99% | 5.55% | 1.29% | 4.46% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.55% | 3.70% |
EDV Vanguard Extended Duration Treasury ETF | 4.93% | 4.94% | 4.65% | 3.81% | 3.28% | 1.95% | 5.54% | 3.51% | 2.90% | 2.92% | 5.32% | 4.24% |
Frequently Asked Questions
DBEF and EDV have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBEF has higher volatility (4.63%) compared to EDV (4.21%). In terms of maximum drawdown, DBEF dropped -32.46% vs EDV's -59.96%.
On 10-year performance, DBEF leads with 12.66% vs -3.45% for EDV. On fees, EDV is cheaper at 0.05% per year. On volatility, EDV has been the lower-risk option at 4.21%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBEF has performed better with a 12.66% return vs -3.45%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
EDV is cheaper with a 0.05% expense ratio, compared with 0.36% for DBEF.
DBEF has the higher dividend yield at 4.99%, compared with 4.93% for EDV.
DBEF is categorized as Hedge Fund, while EDV is Government Bonds. DBEF tracks MSCI EAFE US Dollar Hedged Index, while EDV tracks Bloomberg U.S. Treasury STRIPS 20-30 Year Equal Par Bond Index. They also come from different issuers: DWS and Vanguard. Their fees differ too: 0.36% for DBEF and 0.05% for EDV.
DBEF currently has the higher Sharpe Ratio (1.96 vs 0.28), 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.
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