DBEM vs. RSBY

Last updated Jul 17, 2026

DBEM (Xtrackers MSCI Emerging Markets Hedged Equity ETF) and RSBY (Return Stacked Bonds & Futures Yield ETF) are both exchange-traded funds - DBEM is a Emerging Markets Equities fund tracking the MSCI EM US Dollar Hedged Index, while RSBY is a Multistrategy fund actively managed by Return Stacked. DBEM is passively managed, while RSBY is actively managed. Over the past year, DBEM returned 39.57% vs 18.35% for RSBY. At a correlation of -0.26, they often move in opposite directions. DBEM charges 0.66%/yr vs 0.98%/yr for RSBY.

Performance

DBEM vs. RSBY - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and Return Stacked Bonds & Futures Yield ETF (RSBY). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEM achieves a 21.20% return, which is significantly higher than RSBY's 19.01% return.

DBEM

• 1D: -2.33%
• 1M: -6.42%
• 6M: 13.60%
• YTD: 21.20%
• 1Y: 39.57%
• 3Y*: 20.82%
• 5Y*: 8.47%
• 10Y*: 9.30%

RSBY

• 1D: -0.19%
• 1M: -0.03%
• 6M: 18.44%
• YTD: 19.01%
• 1Y: 18.35%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBEM vs. RSBY - Yearly Performance Comparison

	2026 (YTD)	2025	2024
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF	21.20%	30.42%	1.59%
RSBY Return Stacked Bonds & Futures Yield ETF	19.01%	-12.98%	-7.79%

Correlation

The correlation between DBEM and RSBY is -0.23, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	-0.24
Correlation (All Time) Calculated using the full available price history since Aug 21, 2024	-0.26

Return for Risk

DBEM vs. RSBY — Risk / Return Rank

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

DBEM

DBEM Risk / Return Rank: 75
DBEM Sharpe Ratio Rank: 72
DBEM Sortino Ratio Rank: 64
DBEM Omega Ratio Rank: 74
DBEM Calmar Ratio Rank: 86
DBEM Martin Ratio Rank: 80

RSBY

RSBY Risk / Return Rank: 56
RSBY Sharpe Ratio Rank: 61
RSBY Sortino Ratio Rank: 62
RSBY Omega Ratio Rank: 56
RSBY Calmar Ratio Rank: 58
RSBY Martin Ratio Rank: 42

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. RSBY - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) and Return Stacked Bonds & Futures Yield ETF (RSBY). 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	RSBY	Difference
Sharpe ratio: Return per unit of total volatility	1.84	1.62	+0.22
Sortino ratio: Return per unit of downside risk	2.38	2.34	+0.04
Omega ratio: Gain probability vs. loss probability	1.34	1.28	+0.07
Calmar ratio: Return relative to maximum drawdown	3.78	2.32	+1.47
Martin ratio: Return relative to average drawdown	11.91	5.39	+6.52

DBEM vs. RSBY - Sharpe Ratio Comparison

The current DBEM Sharpe Ratio is 1.84, which is comparable to the RSBY Sharpe Ratio of 1.62. The chart below compares the historical Sharpe Ratios of DBEM and RSBY, 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

DBEM vs. RSBY - Drawdown Comparison

The maximum DBEM drawdown since its inception was -33.51%, which is greater than RSBY's maximum drawdown of -23.32%. Use the drawdown chart below to compare losses from any high point for DBEM and RSBY.

Drawdown Indicators

	DBEM	RSBY	Difference
Max Drawdown Largest peak-to-trough decline	-33.51%	-23.32%	-10.19%
Max Drawdown (1Y) Largest decline over 1 year	-10.51%	-7.95%	-2.56%
Max Drawdown (3Y) Largest decline over 3 years	-15.12%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-28.68%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-33.51%	—	—
Current Drawdown Current decline from peak	-10.19%	-6.07%	-4.12%
Average Drawdown Average peak-to-trough decline	-11.64%	-13.29%	+1.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.33%	3.41%	-0.08%

Volatility

DBEM vs. RSBY - Volatility Comparison

Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) has a higher volatility of 9.63% compared to Return Stacked Bonds & Futures Yield ETF (RSBY) at 3.17%. This indicates that DBEM's price experiences larger fluctuations and is considered to be riskier than RSBY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEM	RSBY	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.63%	3.17%	+6.46%
Volatility (6M) Calculated over the trailing 6-month period	19.65%	8.39%	+11.26%
Volatility (1Y) Calculated over the trailing 1-year period	21.63%	11.40%	+10.23%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	13.34%	+4.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.48%	13.34%	+4.14%

DBEM vs. RSBY - Expense Ratio Comparison

DBEM has a 0.66% expense ratio, which is lower than RSBY's 0.98% expense ratio.

Dividends

DBEM vs. RSBY - Dividend Comparison

DBEM's dividend yield for the trailing twelve months is around 2.18%, more than RSBY's 1.74% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEM Xtrackers MSCI Emerging Markets Hedged Equity ETF	2.18%	1.84%	2.48%	2.55%	2.65%	1.77%	1.74%	2.59%	2.85%	1.51%	1.59%	3.49%
RSBY Return Stacked Bonds & Futures Yield ETF	1.74%	2.07%	2.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEM and RSBY in my portfolio?

DBEM and RSBY have a correlation of -0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEM or RSBY?

DBEM has higher volatility (9.63%) compared to RSBY (3.17%). In terms of maximum drawdown, DBEM dropped -33.51% vs RSBY's -23.32%.

Which ETF is better, DBEM or RSBY?

On 1-year performance, DBEM leads with 39.57% vs 18.35% for RSBY. On fees, DBEM is cheaper at 0.66% per year. On volatility, RSBY has been the lower-risk option at 3.17%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEM or RSBY?

Over the 1-year period, DBEM has performed better with a 39.57% return vs 18.35%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEM or RSBY?

DBEM is cheaper with a 0.66% expense ratio, compared with 0.98% for RSBY.

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

DBEM has the higher dividend yield at 2.18%, compared with 1.74% for RSBY.

What is the main difference between DBEM and RSBY?

DBEM is categorized as Emerging Markets Equities, while RSBY is Multistrategy. They also come from different issuers: Deutsche Bank and Return Stacked. Their fees differ too: 0.66% for DBEM and 0.98% for RSBY.

Which has better risk-adjusted returns?

DBEM currently has the higher Sharpe Ratio (1.84 vs 1.62), 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.