DBEU vs. ENOR
Compare and contrast key facts about Xtrackers MSCI Europe Hedged Equity Fund (DBEU) and iShares MSCI Norway ETF (ENOR).
DBEU and ENOR are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBEU is a passively managed fund by DWS that tracks the performance of the MSCI Europe US Dollar Hedged Index. It was launched on Oct 1, 2013. ENOR is a passively managed fund by iShares that tracks the performance of the MSCI Norway IMI 25/50 Index. It was launched on Jan 23, 2012. Both DBEU and ENOR are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
DBEU vs. ENOR - Performance Comparison
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DBEU vs. ENOR - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 1.50% | 22.18% | 9.17% | 17.43% | -6.25% | 23.99% | -1.42% | 27.32% | -8.49% | 14.60% |
ENOR iShares MSCI Norway ETF | 28.39% | 32.00% | -2.29% | 4.80% | -12.53% | 18.69% | 2.54% | 12.77% | -8.50% | 21.98% |
Returns By Period
In the year-to-date period, DBEU achieves a 1.50% return, which is significantly lower than ENOR's 28.39% return. Both investments have delivered pretty close results over the past 10 years, with DBEU having a 10.77% annualized return and ENOR not far behind at 10.41%.
DBEU
- 1D
- 2.31%
- 1M
- -5.42%
- YTD
- 1.50%
- 6M
- 7.49%
- 1Y
- 15.73%
- 3Y*
- 13.20%
- 5Y*
- 11.05%
- 10Y*
- 10.77%
ENOR
- 1D
- 2.75%
- 1M
- 7.24%
- YTD
- 28.39%
- 6M
- 30.76%
- 1Y
- 46.68%
- 3Y*
- 22.37%
- 5Y*
- 10.05%
- 10Y*
- 10.41%
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DBEU vs. ENOR - Expense Ratio Comparison
DBEU has a 0.45% expense ratio, which is lower than ENOR's 0.53% expense ratio.
Return for Risk
DBEU vs. ENOR — Risk / Return Rank
DBEU
ENOR
DBEU vs. ENOR - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Hedged Equity Fund (DBEU) and iShares MSCI Norway ETF (ENOR). 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.
| DBEU | ENOR | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.93 | 2.04 | -1.11 |
Sortino ratioReturn per unit of downside risk | 1.39 | 2.74 | -1.35 |
Omega ratioGain probability vs. loss probability | 1.21 | 1.42 | -0.21 |
Calmar ratioReturn relative to maximum drawdown | 1.20 | 3.14 | -1.94 |
Martin ratioReturn relative to average drawdown | 5.11 | 12.84 | -7.73 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DBEU | ENOR | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.93 | 2.04 | -1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.45 | +0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.66 | 0.43 | +0.22 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.56 | 0.26 | +0.30 |
Correlation
The correlation between DBEU and ENOR is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
DBEU vs. ENOR - Dividend Comparison
DBEU's dividend yield for the trailing twelve months is around 4.49%, more than ENOR's 2.30% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 4.49% | 4.55% | 0.07% | 3.64% | 1.96% | 1.87% | 2.44% | 2.77% | 3.55% | 2.28% | 9.92% | 5.50% |
ENOR iShares MSCI Norway ETF | 2.30% | 2.96% | 6.32% | 5.06% | 4.02% | 2.24% | 2.39% | 3.15% | 2.79% | 2.47% | 2.96% | 3.24% |
Drawdowns
DBEU vs. ENOR - Drawdown Comparison
The maximum DBEU drawdown since its inception was -34.50%, smaller than the maximum ENOR drawdown of -55.35%. Use the drawdown chart below to compare losses from any high point for DBEU and ENOR.
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Drawdown Indicators
| DBEU | ENOR | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.50% | -55.35% | +20.85% |
Max Drawdown (1Y)Largest decline over 1 year | -12.16% | -15.10% | +2.94% |
Max Drawdown (5Y)Largest decline over 5 years | -17.67% | -32.65% | +14.98% |
Max Drawdown (10Y)Largest decline over 10 years | -34.50% | -54.21% | +19.71% |
Current DrawdownCurrent decline from peak | -6.00% | 0.00% | -6.00% |
Average DrawdownAverage peak-to-trough decline | -4.48% | -16.76% | +12.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.86% | 3.70% | -0.84% |
Volatility
DBEU vs. ENOR - Volatility Comparison
The current volatility for Xtrackers MSCI Europe Hedged Equity Fund (DBEU) is 6.15%, while iShares MSCI Norway ETF (ENOR) has a volatility of 7.60%. This indicates that DBEU experiences smaller price fluctuations and is considered to be less risky than ENOR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBEU | ENOR | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.15% | 7.60% | -1.45% |
Volatility (6M)Calculated over the trailing 6-month period | 9.15% | 13.33% | -4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.00% | 23.04% | -6.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 22.27% | -8.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.43% | 24.08% | -7.65% |