DBEF vs. ONGIX

Last updated Jun 14, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and ONGIX (JPMorgan Investor Growth and Income Fund Class A) are both funds - DBEF is a Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index, while ONGIX is a Diversified Portfolio fund actively managed by JPMorgan. DBEF is passively managed, while ONGIX is actively managed. Over the past 10 years, DBEF returned 12.79%/yr vs 9.66%/yr for ONGIX. A 0.79 correlation means they provide meaningful diversification when combined. DBEF charges 0.36%/yr vs 0.95%/yr for ONGIX.

Performance

DBEF vs. ONGIX - Performance Comparison

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

Returns By Period

In the year-to-date period, DBEF achieves a 11.60% return, which is significantly higher than ONGIX's 5.32% return. Over the past 10 years, DBEF has outperformed ONGIX with an annualized return of 12.79%, while ONGIX has yielded a comparatively lower 9.66% annualized return.

DBEF

• 1D: 0.36%
• 1M: 4.03%
• YTD: 11.60%
• 6M: 13.17%
• 1Y: 26.82%
• 3Y*: 17.82%
• 5Y*: 13.20%
• 10Y*: 12.79%

ONGIX

• 1D: 1.65%
• 1M: 1.14%
• YTD: 5.32%
• 6M: 5.58%
• 1Y: 15.72%
• 3Y*: 13.26%
• 5Y*: 6.91%
• 10Y*: 9.66%

*Multi-year figures are annualized to reflect compound growth (CAGR)

DBEF vs. ONGIX - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	11.60%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%
ONGIX JPMorgan Investor Growth and Income Fund Class A	5.32%	13.92%	11.36%	17.26%	-14.81%	14.68%	16.97%	20.64%	-6.57%	16.70%

Correlation

The correlation between DBEF and ONGIX is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.82
Correlation (3Y) Calculated over the trailing 3-year period	0.79
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.83
Correlation (All Time) Calculated using the full available price history since Jun 9, 2011	0.79

The correlation between DBEF and ONGIX has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.

Return for Risk

DBEF vs. ONGIX — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DBEF

DBEF Risk / Return Rank: 69
DBEF Sharpe Ratio Rank: 71
DBEF Sortino Ratio Rank: 72
DBEF Omega Ratio Rank: 72
DBEF Calmar Ratio Rank: 62
DBEF Martin Ratio Rank: 71

ONGIX

ONGIX Risk / Return Rank: 48
ONGIX Sharpe Ratio Rank: 47
ONGIX Sortino Ratio Rank: 46
ONGIX Omega Ratio Rank: 48
ONGIX Calmar Ratio Rank: 45
ONGIX Martin Ratio Rank: 55

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. ONGIX - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and JPMorgan Investor Growth and Income Fund Class A (ONGIX). 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	ONGIX	Difference
Sharpe ratio: Return per unit of total volatility	1.98	1.67	+0.31
Sortino ratio: Return per unit of downside risk	2.80	2.36	+0.43
Omega ratio: Gain probability vs. loss probability	1.37	1.31	+0.05
Calmar ratio: Return relative to maximum drawdown	2.72	2.21	+0.50
Martin ratio: Return relative to average drawdown	11.46	9.37	+2.09

DBEF vs. ONGIX - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.98, which is comparable to the ONGIX Sharpe Ratio of 1.67. The chart below compares the historical Sharpe Ratios of DBEF and ONGIX, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBEF vs. ONGIX - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, smaller than the maximum ONGIX drawdown of -41.01%. Use the drawdown chart below to compare losses from any high point for DBEF and ONGIX.

Drawdown Indicators

	DBEF	ONGIX	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-41.01%	+8.55%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-6.85%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-11.43%	-3.19%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-20.47%	+5.52%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	-25.83%	-6.63%
Current Drawdown Current decline from peak	0.00%	-1.29%	+1.29%
Average Drawdown Average peak-to-trough decline	-4.73%	-5.54%	+0.81%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	1.61%	+0.62%

Volatility

DBEF vs. ONGIX - Volatility Comparison

Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 4.58% compared to JPMorgan Investor Growth and Income Fund Class A (ONGIX) at 3.64%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than ONGIX based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEF	ONGIX	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.58%	3.64%	+0.94%
Volatility (6M) Calculated over the trailing 6-month period	10.80%	7.41%	+3.39%
Volatility (1Y) Calculated over the trailing 1-year period	12.89%	9.08%	+3.81%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.84%	11.19%	+2.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.80%	11.87%	+3.93%

DBEF vs. ONGIX - Expense Ratio Comparison

DBEF has a 0.36% expense ratio, which is lower than ONGIX's 0.95% expense ratio.

Dividends

DBEF vs. ONGIX - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 4.97%, more than ONGIX's 4.37% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	4.97%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
ONGIX JPMorgan Investor Growth and Income Fund Class A	4.37%	4.56%	4.25%	3.17%	7.44%	4.74%	7.10%	7.23%	8.43%	8.34%	4.42%	5.45%

Frequently Asked Questions

Can I hold both DBEF and ONGIX in my portfolio?

DBEF and ONGIX have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEF or ONGIX?

DBEF has higher volatility (4.58%) compared to ONGIX (3.64%). In terms of maximum drawdown, DBEF dropped -32.46% vs ONGIX's -41.01%.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.98 vs 1.67), 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.