DBEU vs. GLCR

Last updated Jul 14, 2026

DBEU (Xtrackers MSCI Europe Hedged Equity Fund) and GLCR (GlacierShares Nasdaq Iceland ETF) are both Europe Equities funds - DBEU tracks the MSCI Europe US Dollar Hedged Index while GLCR tracks the MarketVector Iceland Global Total Return Net Index. Both are passively managed. Over the past year, DBEU returned 21.64% vs -8.38% for GLCR. At a 0.48 correlation, their price movements are largely independent. DBEU charges 0.45%/yr vs 0.95%/yr for GLCR.

Performance

DBEU vs. GLCR - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Europe Hedged Equity Fund (DBEU) and GlacierShares Nasdaq Iceland ETF (GLCR). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEU achieves a 11.29% return, which is significantly higher than GLCR's -12.80% return.

DBEU

• 1D: -0.37%
• 1M: 1.04%
• 6M: 7.46%
• YTD: 11.29%
• 1Y: 21.64%
• 3Y*: 16.09%
• 5Y*: 11.58%
• 10Y*: 11.21%

GLCR

• 1D: -0.51%
• 1M: -2.10%
• 6M: -14.86%
• YTD: -12.80%
• 1Y: -8.38%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

DBEU vs. GLCR - Yearly Performance Comparison

	2026 (YTD)	2025
DBEU Xtrackers MSCI Europe Hedged Equity Fund	11.29%	12.09%
GLCR GlacierShares Nasdaq Iceland ETF	-12.80%	7.26%

Correlation

The correlation between DBEU and GLCR is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.48
Correlation (All Time) Calculated using the full available price history since Mar 27, 2025	0.48

DBEU vs. GLCR - Sectors Allocation Comparison

Sectors	DBEU	GLCR
Financial Services	23.3%	33.1%
Industrials	19.7%	6.4%
Healthcare	12.9%	18.6%
Technology	9.6%	-
Consumer Defensive	8.5%	21.5%
Consumer Cyclical	6.4%	5.7%
Basic Materials	5.6%	5.4%
Energy	4.9%	-
Utilities	4.7%	-
Communication Services	3.7%	1.5%
Real Estate	0.7%	7.9%

Return for Risk

DBEU vs. GLCR — Risk / Return Rank

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

DBEU

DBEU Risk / Return Rank: 62
DBEU Sharpe Ratio Rank: 64
DBEU Sortino Ratio Rank: 64
DBEU Omega Ratio Rank: 62
DBEU Calmar Ratio Rank: 56
DBEU Martin Ratio Rank: 64

GLCR

GLCR Risk / Return Rank: 5
GLCR Sharpe Ratio Rank: 5
GLCR Sortino Ratio Rank: 5
GLCR Omega Ratio Rank: 5
GLCR Calmar Ratio Rank: 6
GLCR Martin Ratio Rank: 4

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.

DBEU vs. GLCR - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe Hedged Equity Fund (DBEU) and GlacierShares Nasdaq Iceland ETF (GLCR). 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.

	DBEU	GLCR	Difference
Sharpe ratio: Return per unit of total volatility	1.66	-0.50	+2.16
Sortino ratio: Return per unit of downside risk	2.36	-0.57	+2.94
Omega ratio: Gain probability vs. loss probability	1.30	0.93	+0.37
Calmar ratio: Return relative to maximum drawdown	2.22	-0.44	+2.65
Martin ratio: Return relative to average drawdown	9.00	-1.01	+10.01

DBEU vs. GLCR - Sharpe Ratio Comparison

The current DBEU Sharpe Ratio is 1.66, which is higher than the GLCR Sharpe Ratio of -0.50. The chart below compares the historical Sharpe Ratios of DBEU and GLCR, 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

DBEU vs. GLCR - Drawdown Comparison

The maximum DBEU drawdown since its inception was -34.50%, which is greater than GLCR's maximum drawdown of -19.29%. Use the drawdown chart below to compare losses from any high point for DBEU and GLCR.

Drawdown Indicators

	DBEU	GLCR	Difference
Max Drawdown Largest peak-to-trough decline	-34.50%	-19.29%	-15.21%
Max Drawdown (1Y) Largest decline over 1 year	-9.81%	-19.29%	+9.48%
Max Drawdown (3Y) Largest decline over 3 years	-15.35%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-17.67%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-34.50%	—	—
Current Drawdown Current decline from peak	-1.98%	-18.93%	+16.95%
Average Drawdown Average peak-to-trough decline	-4.41%	-5.69%	+1.28%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.41%	8.33%	-5.92%

Volatility

DBEU vs. GLCR - Volatility Comparison

Xtrackers MSCI Europe Hedged Equity Fund (DBEU) has a higher volatility of 3.92% compared to GlacierShares Nasdaq Iceland ETF (GLCR) at 3.67%. This indicates that DBEU's price experiences larger fluctuations and is considered to be riskier than GLCR based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEU	GLCR	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.92%	3.67%	+0.25%
Volatility (6M) Calculated over the trailing 6-month period	11.11%	13.43%	-2.32%
Volatility (1Y) Calculated over the trailing 1-year period	13.12%	16.83%	-3.71%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.38%	18.32%	-3.94%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.23%	18.32%	-2.09%

DBEU vs. GLCR - Expense Ratio Comparison

DBEU has a 0.45% expense ratio, which is lower than GLCR's 0.95% expense ratio.

Dividends

DBEU vs. GLCR - Dividend Comparison

DBEU's dividend yield for the trailing twelve months is around 1.43%, more than GLCR's 1.11% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEU Xtrackers MSCI Europe Hedged Equity Fund	1.43%	4.55%	0.07%	3.64%	1.96%	1.87%	2.44%	2.77%	3.55%	2.28%	9.92%	5.50%
GLCR GlacierShares Nasdaq Iceland ETF	1.11%	0.97%	0.00%	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 DBEU and GLCR in my portfolio?

DBEU and GLCR have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEU or GLCR?

DBEU has higher volatility (3.92%) compared to GLCR (3.67%). In terms of maximum drawdown, DBEU dropped -34.50% vs GLCR's -19.29%.

Which ETF is better, DBEU or GLCR?

On 1-year performance, DBEU leads with 21.64% vs -8.38% for GLCR. On fees, DBEU is cheaper at 0.45% per year. On volatility, GLCR has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEU or GLCR?

Over the 1-year period, DBEU has performed better with a 21.64% return vs -8.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEU or GLCR?

DBEU is cheaper with a 0.45% expense ratio, compared with 0.95% for GLCR.

Which ETF pays a higher dividend yield, DBEU or GLCR?

DBEU has the higher dividend yield at 1.43%, compared with 1.11% for GLCR.

What is the main difference between DBEU and GLCR?

DBEU tracks MSCI Europe US Dollar Hedged Index, while GLCR tracks MarketVector Iceland Global Total Return Net Index. They also come from different issuers: DWS and Teucrium. Their fees differ too: 0.45% for DBEU and 0.95% for GLCR.

Which has better risk-adjusted returns?

DBEU currently has the higher Sharpe Ratio (1.66 vs -0.50), 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.