DBEZ vs. DFE

Last updated Apr 1, 2026

Compare and contrast key facts about Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and WisdomTree Europe SmallCap Dividend Fund (DFE).

DBEZ and DFE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DBEZ is a passively managed fund by Deutsche Bank that tracks the performance of the MSCI EMU IMI 100% Hedged to USD Net Variant. It was launched on Dec 10, 2014. DFE is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe SmallCap Dividend Index. It was launched on Jun 16, 2006. Both DBEZ and DFE 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

DBEZ vs. DFE - Performance Comparison

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

DBEZ vs. DFE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	-0.17%	26.14%	9.51%	21.78%	-10.13%	23.52%	0.36%	29.94%	-10.81%	15.62%
DFE WisdomTree Europe SmallCap Dividend Fund	-0.10%	32.85%	-0.61%	14.94%	-22.15%	18.44%	2.15%	27.15%	-21.23%	32.71%

Returns By Period

In the year-to-date period, DBEZ achieves a -0.17% return, which is significantly lower than DFE's -0.10% return. Over the past 10 years, DBEZ has outperformed DFE with an annualized return of 11.08%, while DFE has yielded a comparatively lower 6.62% annualized return.

DBEZ

• 1D: 2.66%
• 1M: -6.63%
• YTD: -0.17%
• 6M: 4.67%
• 1Y: 15.19%
• 3Y*: 14.12%
• 5Y*: 10.82%
• 10Y*: 11.08%

DFE

• 1D: 3.45%
• 1M: -7.61%
• YTD: -0.10%
• 6M: 3.19%
• 1Y: 22.70%
• 3Y*: 12.12%
• 5Y*: 4.86%
• 10Y*: 6.62%

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

DBEZ vs. DFE - Expense Ratio Comparison

DBEZ has a 0.47% expense ratio, which is lower than DFE's 0.58% expense ratio.

DFE

WisdomTree Europe SmallCap Dividend Fund

DBEZ

Xtrackers MSCI Eurozone Hedged Equity ETF

Return for Risk

DBEZ vs. DFE — Risk / Return Rank

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

DBEZ

DBEZ Risk / Return Rank: 47
DBEZ Sharpe Ratio Rank: 45
DBEZ Sortino Ratio Rank: 47
DBEZ Omega Ratio Rank: 50
DBEZ Calmar Ratio Rank: 44
DBEZ Martin Ratio Rank: 47

DFE

DFE Risk / Return Rank: 72
DFE Sharpe Ratio Rank: 75
DFE Sortino Ratio Rank: 74
DFE Omega Ratio Rank: 74
DFE Calmar Ratio Rank: 72
DFE Martin Ratio Rank: 65

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. DFE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and WisdomTree Europe SmallCap Dividend Fund (DFE). 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.

	DBEZ	DFE	Difference
Sharpe ratio Return per unit of total volatility	0.82	1.34	-0.53
Sortino ratio Return per unit of downside risk	1.26	1.87	-0.61
Omega ratio Gain probability vs. loss probability	1.19	1.27	-0.09
Calmar ratio Return relative to maximum drawdown	1.13	1.85	-0.72
Martin ratio Return relative to average drawdown	4.46	6.48	-2.02
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DBEZ vs. DFE - Sharpe Ratio Comparison

The current DBEZ Sharpe Ratio is 0.82, which is lower than the DFE Sharpe Ratio of 1.34. The chart below compares the historical Sharpe Ratios of DBEZ and DFE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DBEZ	DFE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.82	1.34	-0.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.67	0.26	+0.41
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	0.34	+0.27
Sharpe Ratio (All Time) Calculated using the full available price history	0.56	0.28	+0.27

Correlation

The correlation between DBEZ and DFE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

DBEZ vs. DFE - Dividend Comparison

DBEZ's dividend yield for the trailing twelve months is around 4.21%, more than DFE's 4.10% yield.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	4.21%	4.20%	0.62%	1.84%	1.68%	1.64%	1.99%	2.86%	2.56%	2.11%	3.42%	4.92%
DFE WisdomTree Europe SmallCap Dividend Fund	4.10%	4.38%	4.93%	4.97%	5.84%	2.56%	2.43%	3.39%	4.97%	2.53%	4.05%	2.78%

Drawdowns

DBEZ vs. DFE - Drawdown Comparison

The maximum DBEZ drawdown since its inception was -38.76%, smaller than the maximum DFE drawdown of -69.38%. Use the drawdown chart below to compare losses from any high point for DBEZ and DFE.

Drawdown Indicators

	DBEZ	DFE	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-69.38%	+30.62%
Max Drawdown (1Y) Largest decline over 1 year	-12.42%	-11.41%	-1.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-40.34%	+16.96%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	-49.66%	+10.90%
Current Drawdown Current decline from peak	-7.60%	-7.99%	+0.39%
Average Drawdown Average peak-to-trough decline	-5.87%	-17.87%	+12.00%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.14%	3.25%	-0.11%

Volatility

DBEZ vs. DFE - Volatility Comparison

Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and WisdomTree Europe SmallCap Dividend Fund (DFE) have volatilities of 6.98% and 7.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEZ	DFE	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.98%	7.34%	-0.36%
Volatility (6M) Calculated over the trailing 6-month period	10.28%	10.80%	-0.52%
Volatility (1Y) Calculated over the trailing 1-year period	18.69%	17.03%	+1.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.20%	18.95%	-2.75%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.31%	19.70%	-1.39%