DBEF vs. RPAR

Last updated Jun 4, 2026

DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) and RPAR (RPAR Risk Parity ETF) are both Hedge Fund funds. DBEF is passively managed, while RPAR is actively managed. Over the past 5 years, DBEF returned 13.11%/yr vs 1.76%/yr for RPAR. At a 0.45 correlation, their price movements are largely independent. DBEF charges 0.36%/yr vs 0.51%/yr for RPAR.

Performance

DBEF vs. RPAR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and RPAR Risk Parity ETF (RPAR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEF achieves a 10.25% return, which is significantly higher than RPAR's 7.53% return.

DBEF

• 1D: -0.47%
• 1M: 4.76%
• YTD: 10.25%
• 6M: 12.54%
• 1Y: 24.51%
• 3Y*: 17.72%
• 5Y*: 13.11%
• 10Y*: 12.12%

RPAR

• 1D: -0.47%
• 1M: 1.78%
• YTD: 7.53%
• 6M: 7.10%
• 1Y: 21.22%
• 3Y*: 9.22%
• 5Y*: 1.76%
• 10Y*: —

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

DBEF vs. RPAR - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	10.25%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	0.42%
RPAR RPAR Risk Parity ETF	7.53%	17.91%	0.06%	6.03%	-22.82%	7.56%	19.40%	0.11%

Correlation

The correlation between DBEF and RPAR is 0.55, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.55
Correlation (3Y) Calculated over the trailing 3-year period	0.48
Correlation (5Y) Calculated over the trailing 5-year period	0.45
Correlation (All Time) Calculated using the full available price history since Dec 16, 2019	0.45

The correlation between DBEF and RPAR shifts across timeframes, from 0.45 (5 years) to 0.55 (1 year), reflecting how their relationship changes across market environments.

DBEF vs. RPAR - Sectors Allocation Comparison

Sectors	DBEF	RPAR
Financial Services	24.6%	35.9%
Industrials	19.9%	2.1%
Healthcare	10.5%	5.1%
Technology	10.3%	0.1%
Consumer Cyclical	7.5%	0.1%
Consumer Defensive	6.8%	0.3%
Basic Materials	5.9%	6.4%
Communication Services	4.5%	4.9%
Energy	4.1%	5.9%
Utilities	3.9%	0.2%
Real Estate	1.9%	-0.0%

Return for Risk

DBEF vs. RPAR — Risk / Return Rank

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

DBEF

DBEF Risk / Return Rank: 57
DBEF Sharpe Ratio Rank: 57
DBEF Sortino Ratio Rank: 58
DBEF Omega Ratio Rank: 59
DBEF Calmar Ratio Rank: 52
DBEF Martin Ratio Rank: 60

RPAR

RPAR Risk / Return Rank: 57
RPAR Sharpe Ratio Rank: 61
RPAR Sortino Ratio Rank: 61
RPAR Omega Ratio Rank: 60
RPAR Calmar Ratio Rank: 52
RPAR Martin Ratio Rank: 51

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. RPAR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and RPAR Risk Parity ETF (RPAR). 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.

	DBEF	RPAR	Difference
Sharpe ratio: Return per unit of total volatility	1.99	2.09	-0.10
Sortino ratio: Return per unit of downside risk	2.80	2.90	-0.10
Omega ratio: Gain probability vs. loss probability	1.37	1.37	-0.01
Calmar ratio: Return relative to maximum drawdown	2.62	2.63	-0.01
Martin ratio: Return relative to average drawdown	11.01	8.71	+2.30
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEF vs. RPAR - Sharpe Ratio Comparison

The current DBEF Sharpe Ratio is 1.99, which is comparable to the RPAR Sharpe Ratio of 2.09. The chart below compares the historical Sharpe Ratios of DBEF and RPAR, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBEF	RPAR	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.99	2.09	-0.10
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.96	0.14	+0.82
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.77	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.55	0.36	+0.19

Drawdowns

DBEF vs. RPAR - Drawdown Comparison

The maximum DBEF drawdown since its inception was -32.46%, which is greater than RPAR's maximum drawdown of -30.16%. Use the drawdown chart below to compare losses from any high point for DBEF and RPAR.

Drawdown Indicators

	DBEF	RPAR	Difference
Max Drawdown Largest peak-to-trough decline	-32.46%	-30.16%	-2.30%
Max Drawdown (1Y) Largest decline over 1 year	-9.41%	-8.10%	-1.31%
Max Drawdown (3Y) Largest decline over 3 years	-14.62%	-13.20%	-1.42%
Max Drawdown (5Y) Largest decline over 5 years	-14.95%	-30.16%	+15.21%
Max Drawdown (10Y) Largest decline over 10 years	-32.46%	—	—
Current Drawdown Current decline from peak	-0.47%	-2.64%	+2.17%
Average Drawdown Average peak-to-trough decline	-4.74%	-11.61%	+6.87%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.23%	2.44%	-0.21%

Volatility

DBEF vs. RPAR - Volatility Comparison

Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a higher volatility of 3.99% compared to RPAR Risk Parity ETF (RPAR) at 3.56%. This indicates that DBEF's price experiences larger fluctuations and is considered to be riskier than RPAR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEF	RPAR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.99%	3.56%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	10.14%	8.37%	+1.77%
Volatility (1Y) Calculated over the trailing 1-year period	12.37%	10.20%	+2.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.74%	12.40%	+1.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.79%	12.69%	+3.10%

DBEF vs. RPAR - Expense Ratio Comparison

DBEF has a 0.36% expense ratio, which is lower than RPAR's 0.51% expense ratio.

Dividends

DBEF vs. RPAR - Dividend Comparison

DBEF's dividend yield for the trailing twelve months is around 5.03%, more than RPAR's 2.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.03%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
RPAR RPAR Risk Parity ETF	2.07%	2.55%	2.51%	3.16%	4.01%	2.02%	0.76%	0.23%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEF and RPAR in my portfolio?

DBEF and RPAR have a correlation of 0.55, 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 RPAR?

DBEF has higher volatility (3.99%) compared to RPAR (3.56%). In terms of maximum drawdown, DBEF dropped -32.46% vs RPAR's -30.16%.

Which ETF is better, DBEF or RPAR?

On 5-year performance, DBEF leads with 13.11% vs 1.76% for RPAR. On fees, DBEF is cheaper at 0.36% per year. On volatility, RPAR has been the lower-risk option at 3.56%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEF or RPAR?

Over the 5-year period, DBEF has performed better with a 13.11% return vs 1.76%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEF or RPAR?

DBEF is cheaper with a 0.36% expense ratio, compared with 0.51% for RPAR.

Which ETF pays a higher dividend yield, DBEF or RPAR?

DBEF has the higher dividend yield at 5.03%, compared with 2.07% for RPAR.

What is the main difference between DBEF and RPAR?

They also come from different issuers: DWS and Toroso Investments. Their fees differ too: 0.36% for DBEF and 0.51% for RPAR.

Which has better risk-adjusted returns?

RPAR currently has the higher Sharpe Ratio (2.09 vs 1.99), 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.