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DBEZ vs. SNPE
Performance
Return for Risk
Drawdowns
Volatility
Dividends

DBEZ vs. SNPE

Last updated Aug 2, 2026
Documentation

DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) and SNPE (Xtrackers S&P 500 ESG ETF) are both exchange-traded funds - DBEZ is a Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant, while SNPE is a S&P 500 fund tracking the S&P 500 ESG Index. Both are passively managed. Over the past 5 years, DBEZ returned 12.38%/yr vs 13.59%/yr for SNPE. Their 0.76 correlation means they have sometimes moved together and sometimes differently. DBEZ charges 0.47%/yr vs 0.10%/yr for SNPE.

Performance

DBEZ vs. SNPE - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and Xtrackers S&P 500 ESG ETF (SNPE). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, DBEZ achieves a 13.66% return, which is significantly higher than SNPE's 10.37% return.

DBEZ

1D
0.01%
1M
0.02%
6M
10.08%
YTD
13.66%
1Y
26.45%
3Y*
17.45%
5Y*
12.38%
10Y*
12.37%
ALL TIME*
11.33%

SNPE

1D
0.99%
1M
0.50%
6M
8.48%
YTD
10.37%
1Y
24.06%
3Y*
19.27%
5Y*
13.59%
10Y*
—
ALL TIME*
16.84%
*Multi-year figures are annualized to reflect compound growth (CAGR)

Liquidity Comparison

PositionAvg. Volume Value (2W)Avg. Volume Value (1M)Avg. Volume Value (3M)

DBEZ

Xtrackers MSCI Eurozone Hedged Equity ETF
$401.75K$249.36K$196.33K

SNPE

Xtrackers S&P 500 ESG ETF
$13.91M$13.10M$16.73M

DBEZ vs. SNPE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
DBEZ
Xtrackers MSCI Eurozone Hedged Equity ETF		13.66%26.14%9.51%21.78%-10.13%23.52%0.36%10.96%
SNPE
Xtrackers S&P 500 ESG ETF		10.37%18.56%23.85%27.79%-17.67%31.43%19.84%12.34%

Correlation

The correlation between DBEZ and SNPE is 0.75, which is moderate. They have sometimes moved together and sometimes differently, sharing some price drivers without tracking each other closely.

Correlation
Correlation (1Y)
Focuses on recent behavior, but can change the most.

0.75

Correlation (3Y)
Balances recent behavior with more history.

0.69

Correlation (5Y)
Shows whether the relationship held over a longer period.

0.73

Correlation (All Time)
Calculated using the full available price history since Jun 26, 2019

0.76

The correlation between DBEZ and SNPE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.

DBEZ vs. SNPE - Sectors Allocation Comparison

Sectors
DBEZ
SNPE

Financial Services

23.6%
13.5%

Industrials

21.3%
8.1%

Technology

16.8%
36.1%

Consumer Cyclical

8.2%
5.0%

Utilities

6.2%
2.2%

Healthcare

5.8%
11.8%

Consumer Defensive

5.2%
5.1%

Basic Materials

4.3%
1.9%

Communication Services

3.8%
10.8%

Energy

3.6%
2.9%

Real Estate

1.3%
2.4%

Financial Services

DBEZ
23.6%
SNPE
13.5%

Industrials

DBEZ
21.3%
SNPE
8.1%

Technology

DBEZ
16.8%
SNPE
36.1%

Consumer Cyclical

DBEZ
8.2%
SNPE
5.0%

Utilities

DBEZ
6.2%
SNPE
2.2%

Healthcare

DBEZ
5.8%
SNPE
11.8%

Consumer Defensive

DBEZ
5.2%
SNPE
5.1%

Basic Materials

DBEZ
4.3%
SNPE
1.9%

Communication Services

DBEZ
3.8%
SNPE
10.8%

Energy

DBEZ
3.6%
SNPE
2.9%

Real Estate

DBEZ
1.3%
SNPE
2.4%

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

Xtrackers MSCI Eurozone Hedged Equity ETF

Xtrackers S&P 500 ESG ETF

Often compared with DBEZ:
DBEZ vs. HEDJDBEZ vs. DBEFDBEZ vs. HEZUDBEZ vs. EUDGDBEZ vs. BBEUDBEZ vs. SPEUDBEZ vs. ^GSPC
Often compared with SNPE:
SNPE vs. SPYSNPE vs. QVALSNPE vs. ^XSPSNPE vs. VOOSNPE vs. DFAUSNPE vs. ESGVSNPE vs. SMGIX

Return for Risk

DBEZ vs. SNPE — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.
DBEZ
DBEZ Risk / Return Rank: 6767
Overall Rank
DBEZ Sharpe Ratio Rank: 6868
Sharpe Ratio Rank
DBEZ Sortino Ratio Rank: 6969
Sortino Ratio Rank
DBEZ Omega Ratio Rank: 6767
Omega Ratio Rank
DBEZ Calmar Ratio Rank: 6161
Calmar Ratio Rank
DBEZ Martin Ratio Rank: 6969
Martin Ratio Rank
SNPE
SNPE Risk / Return Rank: 7474
Overall Rank
SNPE Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
SNPE Sortino Ratio Rank: 7575
Sortino Ratio Rank
SNPE Omega Ratio Rank: 7373
Omega Ratio Rank
SNPE Calmar Ratio Rank: 6969
Calmar Ratio Rank
SNPE Martin Ratio Rank: 8080
Martin Ratio Rank
The rank (0–100) uses a weighted average of the Sharpe, Sortino, Omega, Calmar, and Martin percentile ranks for the trailing 12 months. Higher means stronger historical risk-adjusted performance within the peer group.

DBEZ vs. SNPE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and Xtrackers S&P 500 ESG ETF (SNPE). 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.

DBEZSNPEDifference
Sharpe ratioReturn per unit of total volatility
1.57
1.70

-0.13

Sortino ratioReturn per unit of downside risk
2.24
2.41

-0.17

Omega ratioGain probability vs. loss probability

1.28

1.30

-0.02

Calmar ratioReturn relative to maximum drawdown

2.16

2.36

-0.20

Martin ratioReturn relative to average drawdown

8.52

10.31

-1.79

DBEZ vs. SNPE - Sharpe Ratio Comparison

The current DBEZ Sharpe Ratio is 1.57, which is comparable to the SNPE Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of DBEZ and SNPE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

DBEZ vs. SNPE - Drawdown Comparison

The maximum DBEZ drawdown since its inception was -38.76%, which is greater than SNPE's maximum drawdown of -33.37%. Use the drawdown chart below to compare losses from any high point for DBEZ and SNPE.

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Drawdown Indicators

DBEZSNPEDifference

Max Drawdown

Largest peak-to-trough decline

-38.76%

-33.37%

-5.39%

Max Drawdown (1Y)

Largest decline over 1 year

-11.03%

-9.46%

-1.57%

Max Drawdown (3Y)

Largest decline over 3 years

-15.59%

-19.15%

+3.56%

Max Drawdown (5Y)

Largest decline over 5 years

-23.38%

-24.65%

+1.27%

Max Drawdown (10Y)

Largest decline over 10 years

-38.76%

—

—

Current Drawdown

Current decline from peak

-0.79%

-0.91%

+0.12%

Average Drawdown

Average peak-to-trough decline

-5.75%

-4.88%

-0.87%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.80%

2.17%

+0.63%

Volatility

DBEZ vs. SNPE - Volatility Comparison

Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) has a higher volatility of 4.27% compared to Xtrackers S&P 500 ESG ETF (SNPE) at 3.87%. This indicates that DBEZ's price experiences larger fluctuations and is considered to be riskier than SNPE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

DBEZSNPEDifference

Volatility (1M)

Calculated over the trailing 1-month period

4.27%

3.87%

+0.40%

Volatility (6M)

Calculated over the trailing 6-month period

13.03%

10.57%

+2.46%

Volatility (1Y)

Calculated over the trailing 1-year period

15.24%

13.16%

+2.08%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

16.53%

17.24%

-0.71%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

18.09%

19.59%

-1.50%

DBEZ vs. SNPE - Expense Ratio Comparison

DBEZ has a 0.47% expense ratio, which is higher than SNPE's 0.10% expense ratio.

Dividends

DBEZ vs. SNPE - Dividend Comparison

DBEZ's dividend yield for the trailing twelve months is around 1.26%, more than SNPE's 0.95% yield.

PositionTTM20252024202320222021202020192018201720162015
DBEZ
Xtrackers MSCI Eurozone Hedged Equity ETF		1.26%4.20%0.62%1.84%1.68%1.64%1.99%2.86%2.56%2.11%3.42%4.92%
SNPE
Xtrackers S&P 500 ESG ETF		0.95%1.01%1.17%1.32%1.65%1.08%1.42%1.20%0.00%0.00%0.00%0.00%

Frequently Asked Questions

DBEZ and SNPE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

DBEZ has higher volatility (4.27%) compared to SNPE (3.87%). In terms of maximum drawdown, DBEZ dropped -38.76% vs SNPE's -33.37%.

On 5-year performance, SNPE leads with 13.59% vs 12.38% for DBEZ. On fees, SNPE is cheaper at 0.10% per year. On volatility, SNPE has been the lower-risk option at 3.87%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 5-year period, SNPE has performed better with a 13.59% return vs 12.38%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

SNPE is cheaper with a 0.10% expense ratio, compared with 0.47% for DBEZ.

DBEZ has the higher dividend yield at 1.26%, compared with 0.95% for SNPE.

DBEZ is categorized as Europe Equities, while SNPE is S&P 500. DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant, while SNPE tracks S&P 500 ESG Index. Their fees differ too: 0.47% for DBEZ and 0.10% for SNPE.

SNPE currently has the higher Sharpe Ratio (1.70 vs 1.57), 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.

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