DBEZ vs. USSG

Last updated Jun 4, 2026

DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) and USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) are both exchange-traded funds - DBEZ is a Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant, while USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, DBEZ returned 11.78%/yr vs 13.79%/yr for USSG. A 0.76 correlation means they provide meaningful diversification when combined. DBEZ charges 0.47%/yr vs 0.10%/yr for USSG.

Performance

DBEZ vs. USSG - Performance Comparison

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

Returns By Period

The year-to-date returns for both stocks are quite close, with DBEZ having a 9.52% return and USSG slightly lower at 9.51%.

DBEZ

• 1D: -0.83%
• 1M: 5.81%
• YTD: 9.52%
• 6M: 11.46%
• 1Y: 18.85%
• 3Y*: 16.73%
• 5Y*: 11.78%
• 10Y*: 11.73%

USSG

• 1D: -0.80%
• 1M: 4.67%
• YTD: 9.51%
• 6M: 10.19%
• 1Y: 27.90%
• 3Y*: 22.38%
• 5Y*: 13.79%
• 10Y*: —

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

DBEZ vs. USSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	9.52%	26.14%	9.51%	21.78%	-10.13%	23.52%	0.36%	16.86%
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	9.51%	18.97%	23.45%	29.17%	-20.33%	31.83%	18.71%	19.24%

Correlation

The correlation between DBEZ and USSG is 0.70, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.73
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019	0.76

The correlation between DBEZ and USSG has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.

DBEZ vs. USSG - Sectors Allocation Comparison

Sectors	DBEZ	USSG
Financial Services	23.1%	10.6%
Industrials	21.9%	8.1%
Technology	14.2%	36.9%
Consumer Cyclical	8.7%	8.6%
Utilities	6.6%	1.1%
Healthcare	5.7%	9.6%
Consumer Defensive	5.3%	4.2%
Basic Materials	4.6%	2.1%
Energy	4.4%	2.1%
Communication Services	4.0%	14.5%
Real Estate	1.4%	2.2%

Return for Risk

DBEZ vs. USSG — Risk / Return Rank

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

DBEZ

DBEZ Risk / Return Rank: 37
DBEZ Sharpe Ratio Rank: 36
DBEZ Sortino Ratio Rank: 36
DBEZ Omega Ratio Rank: 36
DBEZ Calmar Ratio Rank: 35
DBEZ Martin Ratio Rank: 42

USSG

USSG Risk / Return Rank: 60
USSG Sharpe Ratio Rank: 64
USSG Sortino Ratio Rank: 64
USSG Omega Ratio Rank: 61
USSG Calmar Ratio Rank: 50
USSG Martin Ratio Rank: 60

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. USSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and Xtrackers MSCI USA ESG Leaders Equity ETF (USSG). 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	USSG	Difference
Sharpe ratio: Return per unit of total volatility	1.30	2.14	-0.84
Sortino ratio: Return per unit of downside risk	1.88	3.00	-1.12
Omega ratio: Gain probability vs. loss probability	1.24	1.38	-0.14
Calmar ratio: Return relative to maximum drawdown	1.72	2.50	-0.79
Martin ratio: Return relative to average drawdown	6.67	10.72	-4.05
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. USSG - Sharpe Ratio Comparison

The current DBEZ Sharpe Ratio is 1.30, which is lower than the USSG Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of DBEZ and USSG, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	DBEZ	USSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.30	2.14	-0.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.72	0.79	-0.07
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.64	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.59	0.84	-0.24

Drawdowns

DBEZ vs. USSG - Drawdown Comparison

The maximum DBEZ drawdown since its inception was -38.76%, which is greater than USSG's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for DBEZ and USSG.

Drawdown Indicators

	DBEZ	USSG	Difference
Max Drawdown Largest peak-to-trough decline	-38.76%	-34.10%	-4.66%
Max Drawdown (1Y) Largest decline over 1 year	-11.03%	-11.20%	+0.17%
Max Drawdown (3Y) Largest decline over 3 years	-15.59%	-20.00%	+4.41%
Max Drawdown (5Y) Largest decline over 5 years	-23.38%	-27.00%	+3.62%
Max Drawdown (10Y) Largest decline over 10 years	-38.76%	—	—
Current Drawdown Current decline from peak	-0.83%	-1.21%	+0.38%
Average Drawdown Average peak-to-trough decline	-5.81%	-5.60%	-0.21%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.83%	2.61%	+0.22%

Volatility

DBEZ vs. USSG - Volatility Comparison

Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) has a higher volatility of 5.60% compared to Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) at 3.77%. This indicates that DBEZ's price experiences larger fluctuations and is considered to be riskier than USSG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBEZ	USSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.60%	3.77%	+1.83%
Volatility (6M) Calculated over the trailing 6-month period	12.02%	10.04%	+1.98%
Volatility (1Y) Calculated over the trailing 1-year period	14.57%	13.12%	+1.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.43%	17.59%	-1.16%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.36%	20.16%	-1.80%

DBEZ vs. USSG - Expense Ratio Comparison

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

Dividends

DBEZ vs. USSG - Dividend Comparison

DBEZ's dividend yield for the trailing twelve months is around 3.84%, more than USSG's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	3.84%	4.20%	0.62%	1.84%	1.68%	1.64%	1.99%	2.86%	2.56%	2.11%	3.42%	4.92%
USSG Xtrackers MSCI USA ESG Leaders Equity ETF	0.95%	1.02%	1.13%	1.60%	1.52%	1.13%	1.42%	1.21%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both DBEZ and USSG in my portfolio?

DBEZ and USSG have a correlation of 0.70, 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 USSG?

DBEZ has higher volatility (5.60%) compared to USSG (3.77%). In terms of maximum drawdown, DBEZ dropped -38.76% vs USSG's -34.10%.

Which ETF is better, DBEZ or USSG?

On 5-year performance, USSG leads with 13.79% vs 11.78% for DBEZ. On fees, USSG is cheaper at 0.10% per year. On volatility, USSG has been the lower-risk option at 3.77%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBEZ or USSG?

Over the 5-year period, USSG has performed better with a 13.79% return vs 11.78%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBEZ or USSG?

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

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

DBEZ has the higher dividend yield at 3.84%, compared with 0.95% for USSG.

What is the main difference between DBEZ and USSG?

DBEZ is categorized as Europe Equities, while USSG is Large Cap Growth Equities. DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant, while USSG tracks MSCI USA ESG Leaders. Their fees differ too: 0.47% for DBEZ and 0.10% for USSG.

Which has better risk-adjusted returns?

USSG currently has the higher Sharpe Ratio (2.14 vs 1.30), 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.