DBEZ vs. ^GSPC
Compare and contrast key facts about Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and S&P 500 (^GSPC).
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.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: DBEZ or ^GSPC.
Correlation
The correlation between DBEZ and ^GSPC is 0.75, 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. ^GSPC - Performance Comparison
Key characteristics
DBEZ:
0.78
^GSPC:
1.98
DBEZ:
1.14
^GSPC:
2.65
DBEZ:
1.14
^GSPC:
1.37
DBEZ:
0.99
^GSPC:
2.93
DBEZ:
3.32
^GSPC:
12.73
DBEZ:
2.90%
^GSPC:
1.95%
DBEZ:
12.29%
^GSPC:
12.59%
DBEZ:
-38.76%
^GSPC:
-56.78%
DBEZ:
-2.82%
^GSPC:
-1.96%
Returns By Period
In the year-to-date period, DBEZ achieves a 9.71% return, which is significantly lower than ^GSPC's 25.18% return. Over the past 10 years, DBEZ has underperformed ^GSPC with an annualized return of 8.97%, while ^GSPC has yielded a comparatively higher 11.14% annualized return.
DBEZ
9.71%
2.40%
0.86%
10.02%
8.48%
8.97%
^GSPC
25.18%
-0.47%
9.35%
24.83%
13.03%
11.14%
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Risk-Adjusted Performance
DBEZ vs. ^GSPC - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) and S&P 500 (^GSPC). 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.
Drawdowns
DBEZ vs. ^GSPC - Drawdown Comparison
The maximum DBEZ drawdown since its inception was -38.76%, smaller than the maximum ^GSPC drawdown of -56.78%. Use the drawdown chart below to compare losses from any high point for DBEZ and ^GSPC. For additional features, visit the drawdowns tool.
Volatility
DBEZ vs. ^GSPC - Volatility Comparison
The current volatility for Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) is 2.53%, while S&P 500 (^GSPC) has a volatility of 4.07%. This indicates that DBEZ experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.