DBEZ vs. HEDJ
Compare and contrast key facts about Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and WisdomTree Europe Hedged Equity Fund (HEDJ).
DBEZ and HEDJ 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. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. Both DBEZ and HEDJ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBEZ or HEDJ.
Key characteristics
| DBEZ | HEDJ | |
|---|---|---|
| YTD Return | 7.93% | 8.24% |
| 1Y Return | 15.45% | 21.80% |
| 3Y Return (Ann) | 8.76% | 13.79% |
| 5Y Return (Ann) | 9.88% | 12.46% |
| Sharpe Ratio | 1.35 | 1.72 |
| Daily Std Dev | 11.20% | 12.63% |
| Max Drawdown | -38.76% | -38.18% |
| Current Drawdown | -2.26% | -4.35% |
Correlation
The correlation between DBEZ and HEDJ is 0.95, 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.
Performance
DBEZ vs. HEDJ - Performance Comparison
The year-to-date returns for both investments are quite close, with DBEZ having a 7.93% return and HEDJ slightly higher at 8.24%. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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DBEZ vs. HEDJ - Expense Ratio Comparison
DBEZ has a 0.47% expense ratio, which is lower than HEDJ's 0.58% expense ratio.
Risk-Adjusted Performance
DBEZ vs. HEDJ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and WisdomTree Europe Hedged Equity Fund (HEDJ). 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.
Dividends
DBEZ vs. HEDJ - Dividend Comparison
DBEZ's dividend yield for the trailing twelve months is around 1.70%, less than HEDJ's 3.06% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF | 1.70% | 1.84% | 1.68% | 1.63% | 1.99% | 2.86% | 2.56% | 2.11% | 3.42% | 4.92% | 0.00% | 0.00% |
HEDJ WisdomTree Europe Hedged Equity Fund | 3.06% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.54% | 9.44% | 5.83% | 1.85% |
Drawdowns
DBEZ vs. HEDJ - Drawdown Comparison
The maximum DBEZ drawdown since its inception was -38.76%, roughly equal to the maximum HEDJ drawdown of -38.18%. Use the drawdown chart below to compare losses from any high point for DBEZ and HEDJ. For additional features, visit the drawdowns tool.
Volatility
DBEZ vs. HEDJ - Volatility Comparison
The current volatility for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) is 3.19%, while WisdomTree Europe Hedged Equity Fund (HEDJ) has a volatility of 3.93%. This indicates that DBEZ experiences smaller price fluctuations and is considered to be less risky than HEDJ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.