DBJP vs. DEUS

Last updated Aug 4, 2026

DBJP (Xtrackers MSCI Japan Hedged Equity ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both exchange-traded funds - DBJP is a Japan Equities fund tracking the MSCI Japan US Dollar Hedged Index, while DEUS is a Mid Cap Blend Equities fund tracking the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 10 years, DBJP returned 16.44%/yr vs 11.41%/yr for DEUS. Their 0.58 correlation means they have sometimes moved together and sometimes differently. DBJP charges 0.45%/yr vs 0.17%/yr for DEUS.

Performance

DBJP vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, DBJP achieves a 17.99% return, which is significantly higher than DEUS's 15.73% return. Over the past 10 years, DBJP has outperformed DEUS with an annualized return of 16.44%, while DEUS has yielded a comparatively lower 11.41% annualized return.

DBJP

• 1D: -0.92%
• 1M: -2.77%
• 6M: 11.32%
• YTD: 17.99%
• 1Y: 44.05%
• 3Y*: 27.19%
• 5Y*: 21.51%
• 10Y*: 16.44%
• ALL TIME*: 13.89%

DEUS

• 1D: 0.53%
• 1M: 1.84%
• 6M: 10.76%
• YTD: 15.73%
• 1Y: 21.67%
• 3Y*: 15.79%
• 5Y*: 10.01%
• 10Y*: 11.41%
• ALL TIME*: 11.56%

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

Liquidity Comparison

Position	Avg. Volume Value (2W)	Avg. Volume Value (1M)	Avg. Volume Value (3M)
DBJP Xtrackers MSCI Japan Hedged Equity ETF	$2.65M	$4.86M	$4.82M
DEUS Xtrackers Russell US Multifactor ETF	$638.57K	$826.95K	$989.73K

DBJP vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
DBJP Xtrackers MSCI Japan Hedged Equity ETF	17.99%	29.51%	25.53%	36.21%	-4.19%	13.04%	10.53%	20.87%	-14.82%	21.24%
DEUS Xtrackers Russell US Multifactor ETF	15.73%	10.41%	14.33%	14.73%	-11.18%	26.31%	8.81%	28.80%	-9.16%	20.20%

Correlation

The correlation between DBJP and DEUS is 0.48, which is low. Their historical price movements had little consistent relationship.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.48
Correlation (3Y) Balances recent behavior with more history.	0.49
Correlation (5Y) Shows whether the relationship held over a longer period.	0.57
Correlation (10Y) Provides a long-term view across more market conditions.	0.61
Correlation (All Time) Calculated using the full available price history since Nov 24, 2015	0.58

The correlation between DBJP and DEUS shifts across timeframes, from 0.48 (1 year) to 0.61 (10 years), reflecting how their relationship changes across market environments.

DBJP vs. DEUS - Sectors Allocation Comparison

Sectors	DBJP	DEUS
Technology	24.9%	10.5%
Industrials	22.8%	18.7%
Financial Services	17.6%	13.8%
Consumer Cyclical	11.2%	11.1%
Communication Services	8.1%	3.2%
Healthcare	5.3%	12.9%
Consumer Defensive	3.4%	7.5%
Basic Materials	3.1%	4.1%
Real Estate	1.9%	5.6%
Utilities	1.0%	7.4%
Energy	0.8%	5.2%

Return for Risk

DBJP vs. DEUS — Risk / Return Rank

Compare historical risk-adjusted metric ranks over the past 12 months.

DBJP

DBJP Risk / Return Rank: 88
DBJP Sharpe Ratio Rank: 89
DBJP Sortino Ratio Rank: 86
DBJP Omega Ratio Rank: 86
DBJP Calmar Ratio Rank: 92
DBJP Martin Ratio Rank: 90

DEUS

DEUS Risk / Return Rank: 82
DEUS Sharpe Ratio Rank: 80
DEUS Sortino Ratio Rank: 84
DEUS Omega Ratio Rank: 78
DEUS Calmar Ratio Rank: 82
DEUS Martin Ratio Rank: 84

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.

DBJP vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Japan Hedged Equity ETF (DBJP) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	DBJP	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	2.22	1.96	+0.26
Sortino ratio: Return per unit of downside risk	2.97	2.88	+0.08
Omega ratio: Gain probability vs. loss probability	1.39	1.34	+0.05
Calmar ratio: Return relative to maximum drawdown	4.26	3.19	+1.07
Martin ratio: Return relative to average drawdown	14.59	12.26	+2.34

DBJP vs. DEUS - Sharpe Ratio Comparison

The current DBJP Sharpe Ratio is 2.22, which is comparable to the DEUS Sharpe Ratio of 1.96. The chart below compares the historical Sharpe Ratios of DBJP and DEUS, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

DBJP vs. DEUS - Drawdown Comparison

The maximum DBJP drawdown since its inception was -31.30%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for DBJP and DEUS.

Drawdown Indicators

	DBJP	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-31.30%	-40.47%	+9.17%
Max Drawdown (1Y) Largest decline over 1 year	-10.39%	-6.83%	-3.56%
Max Drawdown (3Y) Largest decline over 3 years	-21.50%	-16.69%	-4.81%
Max Drawdown (5Y) Largest decline over 5 years	-21.50%	-20.89%	-0.61%
Max Drawdown (10Y) Largest decline over 10 years	-31.30%	-40.47%	+9.17%
Current Drawdown Current decline from peak	-6.73%	-1.01%	-5.72%
Average Drawdown Average peak-to-trough decline	-7.25%	-4.28%	-2.97%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.03%	1.77%	+1.26%

Volatility

DBJP vs. DEUS - Volatility Comparison

Xtrackers MSCI Japan Hedged Equity ETF (DBJP) has a higher volatility of 6.44% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 3.05%. This indicates that DBJP's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DBJP	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.44%	3.05%	+3.39%
Volatility (6M) Calculated over the trailing 6-month period	15.97%	8.23%	+7.74%
Volatility (1Y) Calculated over the trailing 1-year period	20.02%	11.14%	+8.88%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.25%	15.49%	+3.76%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.26%	17.95%	+1.31%

DBJP vs. DEUS - Expense Ratio Comparison

DBJP has a 0.45% expense ratio, which is higher than DEUS's 0.17% expense ratio.

Dividends

DBJP vs. DEUS - Dividend Comparison

DBJP's dividend yield for the trailing twelve months is around 1.29%, less than DEUS's 1.38% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBJP Xtrackers MSCI Japan Hedged Equity ETF	1.29%	2.81%	2.80%	5.21%	0.80%	2.30%	2.53%	2.56%	3.87%	2.07%	1.13%	5.95%
DEUS Xtrackers Russell US Multifactor ETF	1.38%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%	0.00%

Frequently Asked Questions

Can I hold both DBJP and DEUS in my portfolio?

DBJP and DEUS have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DBJP or DEUS?

DBJP has higher volatility (6.44%) compared to DEUS (3.05%). In terms of maximum drawdown, DBJP dropped -31.30% vs DEUS's -40.47%.

Which ETF is better, DBJP or DEUS?

On 10-year performance, DBJP leads with 16.44% vs 11.41% for DEUS. On fees, DEUS is cheaper at 0.17% per year. On volatility, DEUS has been the lower-risk option at 3.05%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, DBJP or DEUS?

Over the 10-year period, DBJP has performed better with a 16.44% return vs 11.41%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DBJP or DEUS?

DEUS is cheaper with a 0.17% expense ratio, compared with 0.45% for DBJP.

Which ETF pays a higher dividend yield, DBJP or DEUS?

DEUS has the higher dividend yield at 1.38%, compared with 1.29% for DBJP.

What is the main difference between DBJP and DEUS?

DBJP is categorized as Japan Equities, while DEUS is Mid Cap Blend Equities. DBJP tracks MSCI Japan US Dollar Hedged Index, while DEUS tracks Russell 1000 Comprehensive Factor Index. Their fees differ too: 0.45% for DBJP and 0.17% for DEUS.

Which has better risk-adjusted returns?

DBJP currently has the higher Sharpe Ratio (2.22 vs 1.96), 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.