DBEM vs. ECLN

Last updated Jul 12, 2026

DBEM (Xtrackers MSCI Emerging Markets Hedged Equity ETF) and ECLN (First Trust EIP Carbon Impact ETF) are both exchange-traded funds - DBEM is a Emerging Markets Equities fund tracking the MSCI EM US Dollar Hedged Index, while ECLN is a Utilities Equities fund actively managed by First Trust. DBEM is passively managed, while ECLN is actively managed. At a 0.32 correlation, their price movements are largely independent. DBEM charges 0.66%/yr vs 0.97%/yr for ECLN.

Performance

DBEM vs. ECLN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and First Trust EIP Carbon Impact ETF (ECLN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

DBEM

• 1D: 0.35%
• 1M: -1.09%
• 6M: 20.73%
• YTD: 26.60%
• 1Y: 48.30%
• 3Y*: 23.45%
• 5Y*: 9.34%
• 10Y*: 9.93%

ECLN

• 1D: —
• 1M: —
• 6M: —
• YTD: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBEM vs. ECLN - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF	26.60%	30.42%	10.61%	10.53%	-17.00%	-2.26%	18.12%	13.18%
ECLN First Trust EIP Carbon Impact ETF	12.96%	16.78%	22.60%	-3.36%	5.28%	12.26%	8.98%	5.66%

Correlation

The correlation between DBEM and ECLN is 0.14, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.14
Correlation (3Y) Calculated over the trailing 3-year period	0.25
Correlation (5Y) Calculated over the trailing 5-year period	0.31
Correlation (All Time) Calculated using the full available price history since Aug 20, 2019	0.32

The correlation between DBEM and ECLN shifts across timeframes, from 0.14 (1 year) to 0.32 (all time), reflecting how their relationship changes across market environments.

DBEM vs. ECLN - Sectors Allocation Comparison

Sectors	DBEM	ECLN
Technology	43.6%	0.5%
Financial Services	17.9%	-
Consumer Cyclical	8.4%	-
Industrials	6.7%	6.8%
Communication Services	6.1%	-
Basic Materials	6.0%	-
Energy	3.5%	16.3%
Consumer Defensive	2.5%	-
Healthcare	2.5%	-
Utilities	1.8%	76.4%
Real Estate	1.0%	-

Return for Risk

DBEM vs. ECLN — Risk / Return Rank

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

DBEM

DBEM Risk / Return Rank: 87
DBEM Sharpe Ratio Rank: 87
DBEM Sortino Ratio Rank: 80
DBEM Omega Ratio Rank: 86
DBEM Calmar Ratio Rank: 91
DBEM Martin Ratio Rank: 89

ECLN

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

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.

DBEM vs. ECLN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and First Trust EIP Carbon Impact ETF (ECLN). 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.

	DBEM	ECLN	Difference
Sharpe ratio: Return per unit of total volatility	2.26	—	—
Sortino ratio: Return per unit of downside risk	2.84	—	—
Omega ratio: Gain probability vs. loss probability	1.42	—	—
Calmar ratio: Return relative to maximum drawdown	4.57	—	—
Martin ratio: Return relative to average drawdown	15.26	—	—

Drawdowns

Drawdown Indicators

	DBEM	ECLN	Difference
Max Drawdown Largest peak-to-trough decline	-33.51%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-29.25%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.51%	—	—
Current Drawdown Current decline from peak	-6.19%	—	—
Average Drawdown Average peak-to-trough decline	-11.64%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	—	—

Volatility

Volatility by Period

	DBEM	ECLN	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.22%	—	—
Volatility (6M) Calculated over the trailing 6-month period	19.27%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	21.27%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.82%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.44%	—	—

DBEM vs. ECLN - Expense Ratio Comparison

DBEM has a 0.66% expense ratio, which is lower than ECLN's 0.97% expense ratio.

Dividends

DBEM vs. ECLN - Dividend Comparison

DBEM's dividend yield for the trailing twelve months is around 2.08%, while ECLN has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF	2.08%	1.84%	2.48%	2.55%	2.65%	1.77%	1.74%	2.59%	2.85%	1.51%	1.59%	3.49%
ECLN First Trust EIP Carbon Impact ETF	1.43%	1.97%	2.52%	2.54%	1.72%	1.66%	1.68%	0.71%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEM and ECLN in my portfolio?

DBEM and ECLN have a correlation of 0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, DBEM or ECLN?

On fees, DBEM is cheaper at 0.66% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, DBEM or ECLN?

DBEM is cheaper with a 0.66% expense ratio, compared with 0.97% for ECLN.

Which ETF pays a higher dividend yield, DBEM or ECLN?

DBEM has the higher dividend yield at 2.08%, compared with 1.43% for ECLN.

What is the main difference between DBEM and ECLN?

DBEM is categorized as Emerging Markets Equities, while ECLN is Utilities Equities. They also come from different issuers: Deutsche Bank and First Trust. Their fees differ too: 0.66% for DBEM and 0.97% for ECLN.