DBEZ vs. BBEU

Last updated Jun 24, 2026

DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) and BBEU (JPMorgan BetaBuilders Europe ETF) are both Europe Equities funds - DBEZ tracks the MSCI EMU IMI 100% Hedged to USD Net Variant while BBEU tracks the Morningstar Developed Europe Target Market Exposure Index. Both are passively managed. Over the past 5 years, DBEZ returned 12.19%/yr vs 8.71%/yr for BBEU. Their correlation of 0.88 suggests significant overlap in exposure. DBEZ charges 0.47%/yr vs 0.09%/yr for BBEU.

Performance

DBEZ vs. BBEU - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and JPMorgan BetaBuilders Europe ETF (BBEU). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBEZ achieves a 12.37% return, which is significantly higher than BBEU's 4.42% return.

DBEZ

• 1D: -1.34%
• 1M: 3.40%
• YTD: 12.37%
• 6M: 13.09%
• 1Y: 25.09%
• 3Y*: 18.47%
• 5Y*: 12.19%
• 10Y*: 12.90%

BBEU

• 1D: -2.92%
• 1M: -1.66%
• YTD: 4.42%
• 6M: 4.50%
• 1Y: 17.64%
• 3Y*: 16.24%
• 5Y*: 8.71%
• 10Y*: —

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

DBEZ vs. BBEU - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	12.37%	26.14%	9.51%	21.78%	-10.13%	23.52%	0.36%	29.94%	-14.98%
BBEU JPMorgan BetaBuilders Europe ETF	4.42%	36.37%	1.85%	20.31%	-14.72%	17.50%	5.00%	23.96%	-13.25%

Correlation

The correlation between DBEZ and BBEU is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.89
Correlation (3Y) Calculated over the trailing 3-year period	0.87
Correlation (5Y) Calculated over the trailing 5-year period	0.88
Correlation (All Time) Calculated using the full available price history since Jun 18, 2018	0.88

The correlation between DBEZ and BBEU has been stable across timeframes, ranging from 0.87 to 0.89 - a consistent structural relationship.

DBEZ vs. BBEU - Sectors Allocation Comparison

Sectors	DBEZ	BBEU
Financial Services	22.6%	24.0%
Industrials	20.2%	19.2%
Technology	15.7%	9.4%
Consumer Cyclical	7.7%	6.4%
Utilities	5.8%	4.6%
Healthcare	5.2%	13.1%
Consumer Defensive	5.0%	8.8%
Communication Services	4.6%	3.0%
Basic Materials	4.2%	5.8%
Energy	3.5%	5.3%
Real Estate	1.1%	0.5%

Return for Risk

DBEZ vs. BBEU — Risk / Return Rank

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

DBEZ

DBEZ Risk / Return Rank: 52
DBEZ Sharpe Ratio Rank: 52
DBEZ Sortino Ratio Rank: 53
DBEZ Omega Ratio Rank: 52
DBEZ Calmar Ratio Rank: 49
DBEZ Martin Ratio Rank: 55

BBEU

BBEU Risk / Return Rank: 32
BBEU Sharpe Ratio Rank: 32
BBEU Sortino Ratio Rank: 32
BBEU Omega Ratio Rank: 31
BBEU Calmar Ratio Rank: 31
BBEU Martin Ratio Rank: 37

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.

DBEZ vs. BBEU - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and JPMorgan BetaBuilders Europe ETF (BBEU). 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.

	DBEZ	BBEU	Difference
Sharpe ratio: Return per unit of total volatility	1.67	1.10	+0.57
Sortino ratio: Return per unit of downside risk	2.39	1.62	+0.77
Omega ratio: Gain probability vs. loss probability	1.31	1.20	+0.11
Calmar ratio: Return relative to maximum drawdown	2.28	1.45	+0.84
Martin ratio: Return relative to average drawdown	9.04	5.36	+3.68

DBEZ vs. BBEU - Sharpe Ratio Comparison

The current DBEZ Sharpe Ratio is 1.67, which is higher than the BBEU Sharpe Ratio of 1.10. The chart below compares the historical Sharpe Ratios of DBEZ and BBEU, 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

DBEZ vs. BBEU - Drawdown Comparison

The maximum DBEZ drawdown since its inception was -38.76%, which is greater than BBEU's maximum drawdown of -36.27%. Use the drawdown chart below to compare losses from any high point for DBEZ and BBEU.

Drawdown Indicators

	DBEZ	BBEU	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-36.27%	-2.49%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-12.23%	+1.20%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-14.23%	-1.36%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-31.08%	+7.70%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	—	—
Current Drawdown Current decline from peak	-1.64%	-3.68%	+2.04%
Average Drawdown Average peak-to-trough decline	-5.79%	-6.11%	+0.32%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.78%	3.30%	-0.52%

Volatility

DBEZ vs. BBEU - Volatility Comparison

The current volatility for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) is 4.98%, while JPMorgan BetaBuilders Europe ETF (BBEU) has a volatility of 5.54%. This indicates that DBEZ experiences smaller price fluctuations and is considered to be less risky than BBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEZ	BBEU	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.98%	5.54%	-0.56%
Volatility (6M) Calculated over the trailing 6-month period	12.69%	13.79%	-1.10%
Volatility (1Y) Calculated over the trailing 1-year period	15.05%	16.10%	-1.05%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.53%	17.60%	-1.07%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	19.34%	-1.20%

DBEZ vs. BBEU - Expense Ratio Comparison

DBEZ has a 0.47% expense ratio, which is higher than BBEU's 0.09% expense ratio.

Dividends

DBEZ vs. BBEU - Dividend Comparison

DBEZ's dividend yield for the trailing twelve months is around 1.28%, less than BBEU's 2.85% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BBEU JPMorgan BetaBuilders Europe ETF	2.85%	2.83%	4.16%	2.94%	4.72%	2.63%	2.29%	3.24%	0.49%	0.00%	0.00%	0.00%
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	1.28%	4.20%	0.62%	1.84%	1.68%	1.64%	1.99%	2.86%	2.56%	2.11%	3.42%	4.92%

Frequently Asked Questions

Can I hold both DBEZ and BBEU in my portfolio?

DBEZ and BBEU have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBEZ or BBEU?

BBEU has higher volatility (5.54%) compared to DBEZ (4.98%). In terms of maximum drawdown, DBEZ dropped -38.76% vs BBEU's -36.27%.

Which ETF is better, DBEZ or BBEU?

On 5-year performance, DBEZ leads with 12.19% vs 8.71% for BBEU. On fees, BBEU is cheaper at 0.09% per year. On volatility, DBEZ has been the lower-risk option at 4.98%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEZ or BBEU?

Over the 5-year period, DBEZ has performed better with a 12.19% return vs 8.71%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEZ or BBEU?

BBEU is cheaper with a 0.09% expense ratio, compared with 0.47% for DBEZ.

Which ETF pays a higher dividend yield, DBEZ or BBEU?

BBEU has the higher dividend yield at 2.85%, compared with 1.28% for DBEZ.

What is the main difference between DBEZ and BBEU?

DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant, while BBEU tracks Morningstar Developed Europe Target Market Exposure Index. They also come from different issuers: Deutsche Bank and JPMorgan. Their fees differ too: 0.47% for DBEZ and 0.09% for BBEU.

Which has better risk-adjusted returns?

DBEZ currently has the higher Sharpe Ratio (1.67 vs 1.10), 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.