DBEF vs. HEFA
Compare and contrast key facts about Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and iShares Currency Hedged MSCI EAFE ETF (HEFA).
DBEF and HEFA 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. HEFA is a passively managed fund by iShares that tracks the performance of the MSCI EAFE 100% Hedged to USD Index. It was launched on Jan 31, 2014. Both DBEF and HEFA 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 HEFA.
Performance
DBEF vs. HEFA - Performance Comparison
Returns By Period
The year-to-date returns for both investments are quite close, with DBEF having a 12.29% return and HEFA slightly higher at 12.50%. Both investments have delivered pretty close results over the past 10 years, with DBEF having a 8.58% annualized return and HEFA not far ahead at 8.70%.
DBEF
12.29%
-2.59%
-1.20%
15.88%
9.74%
8.58%
HEFA
12.50%
-2.30%
-1.14%
16.21%
9.88%
8.70%
Key characteristics
| DBEF | HEFA | |
|---|---|---|
| Sharpe Ratio | 1.52 | 1.57 |
| Sortino Ratio | 2.04 | 2.10 |
| Omega Ratio | 1.27 | 1.28 |
| Calmar Ratio | 1.71 | 1.75 |
| Martin Ratio | 8.02 | 8.19 |
| Ulcer Index | 2.08% | 2.09% |
| Daily Std Dev | 11.00% | 10.92% |
| Max Drawdown | -32.46% | -32.39% |
| Current Drawdown | -3.03% | -2.82% |
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DBEF vs. HEFA - Expense Ratio Comparison
DBEF has a 0.36% expense ratio, which is higher than HEFA's 0.35% expense ratio.
Correlation
The correlation between DBEF and HEFA is 0.97, 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. HEFA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and iShares Currency Hedged MSCI EAFE ETF (HEFA). 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. HEFA - Dividend Comparison
DBEF's dividend yield for the trailing twelve months is around 0.65%, less than HEFA's 2.87% 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% |
HEFA iShares Currency Hedged MSCI EAFE ETF | 2.87% | 3.01% | 25.14% | 3.06% | 2.10% | 5.37% | 4.58% | 2.55% | 3.17% | 3.54% | 3.39% | 0.00% |
Drawdowns
DBEF vs. HEFA - Drawdown Comparison
The maximum DBEF drawdown since its inception was -32.46%, roughly equal to the maximum HEFA drawdown of -32.39%. Use the drawdown chart below to compare losses from any high point for DBEF and HEFA. For additional features, visit the drawdowns tool.
Volatility
DBEF vs. HEFA - Volatility Comparison
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and iShares Currency Hedged MSCI EAFE ETF (HEFA) have volatilities of 2.93% and 2.94%, 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.