DBX3.DE vs. 4BRZ.DE
DBX3.DE (Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C) and 4BRZ.DE (iShares MSCI Brazil UCITS ETF (DE) USD (Acc)) are both Latin America Equities funds - DBX3.DE tracks the MSCI Emerging Markets Latin America Low Carbon SRI Leaders while 4BRZ.DE tracks the MSCI Brazil 25/50 Index. Both are passively managed. Over the past 5 years, DBX3.DE returned 5.73%/yr vs 6.36%/yr for 4BRZ.DE. Their correlation of 0.89 suggests significant overlap in exposure. DBX3.DE charges 0.40%/yr vs 0.31%/yr for 4BRZ.DE.
Performance
DBX3.DE vs. 4BRZ.DE - Performance Comparison
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Different Trading Currencies
DBX3.DE is traded in EUR, while 4BRZ.DE is traded in USD. To make them comparable, the 4BRZ.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, DBX3.DE achieves a 12.61% return, which is significantly lower than 4BRZ.DE's 15.30% return.
DBX3.DE
- 1D
- -0.68%
- 1M
- -0.48%
- 6M
- 5.70%
- YTD
- 12.61%
- 1Y
- 33.32%
- 3Y*
- 8.38%
- 5Y*
- 5.73%
- 10Y*
- 3.53%
4BRZ.DE
- 1D
- -0.78%
- 1M
- 1.51%
- 6M
- 9.53%
- YTD
- 15.30%
- 1Y
- 35.91%
- 3Y*
- 8.92%
- 5Y*
- 6.36%
- 10Y*
- —
DBX3.DE vs. 4BRZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
DBX3.DE Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C | 12.61% | 40.51% | -24.95% | 22.19% | 10.57% | -13.63% | -21.51% | 21.33% | -3.87% |
4BRZ.DE iShares MSCI Brazil UCITS ETF (DE) USD (Acc) | 15.30% | 31.54% | -25.69% | 28.88% | 20.67% | -12.67% | -26.67% | 31.28% | -2.53% |
Correlation
The correlation between DBX3.DE and 4BRZ.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Oct 25, 2018 | 0.89 |
The correlation between DBX3.DE and 4BRZ.DE has been stable across timeframes, ranging from 0.82 to 0.89 - a consistent structural relationship.
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Return for Risk
DBX3.DE vs. 4BRZ.DE — Risk / Return Rank
DBX3.DE
4BRZ.DE
DBX3.DE vs. 4BRZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) and iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE). 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.
| DBX3.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.14 | ||
| Sortino ratioReturn per unit of downside risk | +0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.31 | 1.27 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.42 | 2.02 | +0.40 |
| Martin ratioReturn relative to average drawdown | 7.12 | 5.44 | +1.68 |
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Drawdowns
DBX3.DE vs. 4BRZ.DE - Drawdown Comparison
The maximum DBX3.DE drawdown since its inception was -60.04%, which is greater than 4BRZ.DE's maximum drawdown of -55.47%. Use the drawdown chart below to compare losses from any high point for DBX3.DE and 4BRZ.DE.
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Drawdown Indicators
| DBX3.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -60.04% | -55.47% | -4.57% |
Max Drawdown (1Y)Largest decline over 1 year | -13.71% | -17.71% | +4.00% |
Max Drawdown (3Y)Largest decline over 3 years | -25.38% | -28.14% | +2.76% |
Max Drawdown (5Y)Largest decline over 5 years | -26.42% | -28.14% | +1.72% |
Max Drawdown (10Y)Largest decline over 10 years | -51.11% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -11.93% | +3.75% |
Average DrawdownAverage peak-to-trough decline | -25.02% | -18.19% | -6.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.67% | 6.58% | -1.91% |
Volatility
DBX3.DE vs. 4BRZ.DE - Volatility Comparison
The current volatility for Xtrackers MSCI EM Latin America ESG Swap UCITS ETF 1C (DBX3.DE) is 3.83%, while iShares MSCI Brazil UCITS ETF (DE) USD (Acc) (4BRZ.DE) has a volatility of 4.56%. This indicates that DBX3.DE experiences smaller price fluctuations and is considered to be less risky than 4BRZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DBX3.DE | 4BRZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 4.56% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 15.92% | 17.31% | -1.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.11% | 22.45% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.44% | 26.71% | -5.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 25.39% | 32.55% | -7.16% |
DBX3.DE vs. 4BRZ.DE - Expense Ratio Comparison
DBX3.DE has a 0.40% expense ratio, which is higher than 4BRZ.DE's 0.31% expense ratio.
Dividends
DBX3.DE vs. 4BRZ.DE - Dividend Comparison
Neither DBX3.DE nor 4BRZ.DE has paid dividends to shareholders.
Frequently Asked Questions
DBX3.DE and 4BRZ.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 4BRZ.DE is cheaper at 0.31% per year. The better choice depends on whether you care most about return, fees, risk, or income.
4BRZ.DE is cheaper with a 0.31% expense ratio, compared with 0.40% for DBX3.DE.
DBX3.DE tracks MSCI Emerging Markets Latin America Low Carbon SRI Leaders, while 4BRZ.DE tracks MSCI Brazil 25/50 Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.40% for DBX3.DE and 0.31% for 4BRZ.DE.
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