DBEF vs. FIDI
DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and FIDI (Fidelity International High Dividend ETF) are both Foreign Large Cap Equities funds - DBEF tracks the MSCI EAFE US Dollar Hedged Index while FIDI tracks the Fidelity® International High Dividend Index. Both are passively managed. Over the past 5 years, DBEF returned 13.79%/yr vs 12.70%/yr for FIDI. Their 0.77 correlation means they have sometimes moved together and sometimes differently. DBEF charges 0.35%/yr vs 0.39%/yr for FIDI.
Performance
DBEF vs. FIDI - Performance Comparison
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Returns By Period
In the year-to-date period, DBEF achieves a 14.22% return, which is significantly lower than FIDI's 15.58% return.
DBEF
- 1D
- -0.63%
- 1M
- 0.38%
- 6M
- 10.41%
- YTD
- 14.22%
- 1Y
- 28.82%
- 3Y*
- 18.28%
- 5Y*
- 13.79%
- 10Y*
- 12.48%
- ALL TIME*
- 10.37%
FIDI
- 1D
- -0.92%
- 1M
- 5.97%
- 6M
- 10.31%
- YTD
- 15.58%
- 1Y
- 31.31%
- 3Y*
- 19.48%
- 5Y*
- 12.70%
- 10Y*
- —
- ALL TIME*
- 6.50%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $18.98M | $24.65M | $23.29M | |
| $1.62M | $1.95M | $1.81M |
DBEF vs. FIDI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 14.22% | 23.16% | 13.40% | 20.15% | -5.13% | 19.60% | 2.03% | 24.94% | -12.36% |
FIDI Fidelity International High Dividend ETF | 15.58% | 39.34% | -0.06% | 16.28% | -4.73% | 16.87% | -11.68% | 15.47% | -19.49% |
Correlation
The correlation between DBEF and FIDI is 0.73, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.73 |
Correlation (3Y) Balances recent behavior with more history. | 0.74 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jan 18, 2018 | 0.77 |
The correlation between DBEF and FIDI has been stable across timeframes, ranging from 0.73 to 0.77 - a consistent structural relationship.
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Return for Risk
DBEF vs. FIDI — Risk / Return Rank
DBEF
FIDI
DBEF vs. FIDI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and Fidelity International High Dividend ETF (FIDI). 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 | FIDI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.74 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.48 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.90 | 4.51 | -1.62 |
| Martin ratioReturn relative to average drawdown | 12.17 | 15.65 | -3.48 |
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Drawdowns
DBEF vs. FIDI - Drawdown Comparison
The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum FIDI drawdown of -46.34%. Use the drawdown chart below to compare losses from any high point for DBEF and FIDI.
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Drawdown Indicators
| DBEF | FIDI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.46% | -46.34% | +13.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.41% | -6.96% | -2.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.62% | -12.09% | -2.53% |
Max Drawdown (5Y)Largest decline over 5 years | -14.95% | -26.05% | +11.10% |
Max Drawdown (10Y)Largest decline over 10 years | -32.46% | — | — |
Current DrawdownCurrent decline from peak | -0.78% | -0.92% | +0.14% |
Average DrawdownAverage peak-to-trough decline | -4.70% | -9.63% | +4.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.24% | 2.00% | +0.24% |
Volatility
DBEF vs. FIDI - Volatility Comparison
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 3.54% compared to Fidelity International High Dividend ETF (FIDI) at 2.97%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than FIDI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBEF | FIDI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.54% | 2.97% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 11.06% | 9.31% | +1.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.03% | 11.62% | +1.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.83% | 14.81% | -0.98% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.59% | 18.62% | -3.03% |
DBEF vs. FIDI - Expense Ratio Comparison
DBEF has a 0.35% expense ratio, which is lower than FIDI's 0.39% expense ratio.
Dividends
DBEF vs. FIDI - Dividend Comparison
DBEF's dividend yield for the trailing twelve months is around 2.28%, less than FIDI's 3.90% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 2.28% | 5.55% | 1.29% | 4.46% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.55% | 3.70% |
FIDI Fidelity International High Dividend ETF | 3.90% | 4.33% | 5.72% | 4.80% | 5.09% | 4.00% | 3.36% | 4.26% | 4.37% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
DBEF and FIDI have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBEF has higher volatility (3.54%) compared to FIDI (2.97%). In terms of maximum drawdown, DBEF dropped -32.46% vs FIDI's -46.34%.
On 5-year performance, DBEF leads with 13.79% vs 12.70% for FIDI. On fees, DBEF is cheaper at 0.35% per year. On volatility, FIDI has been the lower-risk option at 2.97%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 5-year period, DBEF has performed better with a 13.79% return vs 12.70%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBEF is cheaper with a 0.35% expense ratio, compared with 0.39% for FIDI.
FIDI has the higher dividend yield at 3.90%, compared with 2.28% for DBEF.
DBEF tracks MSCI EAFE US Dollar Hedged Index, while FIDI tracks Fidelity® International High Dividend Index. They also come from different issuers: DWS and Fidelity. Their fees differ too: 0.35% for DBEF and 0.39% for FIDI.
FIDI currently has the higher Sharpe Ratio (2.71 vs 2.10), 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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