DEEF vs. USSG

Last updated Jun 4, 2026

DEEF (Xtrackers FTSE Developed ex US Multifactor ETF) and USSG (Xtrackers MSCI USA ESG Leaders Equity ETF) are both exchange-traded funds - DEEF is a Foreign Large Cap Equities fund tracking the FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, while USSG is a Large Cap Growth Equities fund tracking the MSCI USA ESG Leaders. Both are passively managed. Over the past 5 years, DEEF returned 7.51%/yr vs 13.79%/yr for USSG. A 0.72 correlation means they provide meaningful diversification when combined. DEEF charges 0.24%/yr vs 0.10%/yr for USSG.

Performance

DEEF vs. USSG - Performance Comparison

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

Returns By Period

In the year-to-date period, DEEF achieves a 10.24% return, which is significantly higher than USSG's 9.51% return.

DEEF

• 1D: -0.08%
• 1M: 2.38%
• YTD: 10.24%
• 6M: 13.08%
• 1Y: 23.80%
• 3Y*: 17.65%
• 5Y*: 7.51%
• 10Y*: 8.28%

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)

DEEF vs. USSG - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
DEEF Xtrackers FTSE Developed ex US Multifactor ETF	10.24%	32.36%	2.77%	16.99%	-16.94%	9.22%	7.90%	10.13%
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 DEEF and USSG is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.61
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (All Time) Calculated using the full available price history since Mar 8, 2019	0.72

The correlation between DEEF and USSG shifts across timeframes, from 0.61 (3 years) to 0.72 (all time), reflecting how their relationship changes across market environments.

DEEF vs. USSG - Sectors Allocation Comparison

Sectors	DEEF	USSG
Industrials	23.4%	8.1%
Financial Services	14.2%	10.6%
Consumer Cyclical	10.8%	8.6%
Consumer Defensive	9.7%	4.2%
Basic Materials	9.6%	2.1%
Utilities	6.8%	1.1%
Real Estate	5.4%	2.2%
Energy	4.9%	2.1%
Technology	4.8%	36.9%
Healthcare	4.4%	9.6%
Communication Services	4.2%	14.5%

Return for Risk

DEEF vs. USSG — Risk / Return Rank

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

DEEF

DEEF Risk / Return Rank: 49
DEEF Sharpe Ratio Rank: 52
DEEF Sortino Ratio Rank: 50
DEEF Omega Ratio Rank: 52
DEEF Calmar Ratio Rank: 46
DEEF Martin Ratio Rank: 47

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.

DEEF vs. USSG - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) 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.

	DEEF	USSG	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.14	-0.37
Sortino ratio: Return per unit of downside risk	2.43	3.00	-0.57
Omega ratio: Gain probability vs. loss probability	1.32	1.38	-0.05
Calmar ratio: Return relative to maximum drawdown	2.25	2.50	-0.25
Martin ratio: Return relative to average drawdown	7.82	10.72	-2.91
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DEEF vs. USSG - Sharpe Ratio Comparison

The current DEEF Sharpe Ratio is 1.77, which is comparable to the USSG Sharpe Ratio of 2.14. The chart below compares the historical Sharpe Ratios of DEEF 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

	DEEF	USSG	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.14	-0.37
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.79	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.51	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.84	-0.34

Drawdowns

DEEF vs. USSG - Drawdown Comparison

The maximum DEEF drawdown since its inception was -36.48%, which is greater than USSG's maximum drawdown of -34.10%. Use the drawdown chart below to compare losses from any high point for DEEF and USSG.

Drawdown Indicators

	DEEF	USSG	Difference
Max Drawdown Largest peak-to-trough decline	-36.48%	-34.10%	-2.38%
Max Drawdown (1Y) Largest decline over 1 year	-10.64%	-11.20%	+0.56%
Max Drawdown (3Y) Largest decline over 3 years	-11.07%	-20.00%	+8.93%
Max Drawdown (5Y) Largest decline over 5 years	-31.08%	-27.00%	-4.08%
Max Drawdown (10Y) Largest decline over 10 years	-36.48%	—	—
Current Drawdown Current decline from peak	-3.63%	-1.21%	-2.42%
Average Drawdown Average peak-to-trough decline	-7.09%	-5.60%	-1.49%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.05%	2.61%	+0.44%

Volatility

DEEF vs. USSG - Volatility Comparison

Xtrackers FTSE Developed ex US Multifactor ETF (DEEF) and Xtrackers MSCI USA ESG Leaders Equity ETF (USSG) have volatilities of 3.88% and 3.77%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DEEF	USSG	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.88%	3.77%	+0.11%
Volatility (6M) Calculated over the trailing 6-month period	11.62%	10.04%	+1.58%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	13.12%	+0.41%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.93%	17.59%	-2.66%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.29%	20.16%	-3.87%

DEEF vs. USSG - Expense Ratio Comparison

DEEF has a 0.24% expense ratio, which is higher than USSG's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

DEEF vs. USSG - Dividend Comparison

DEEF's dividend yield for the trailing twelve months is around 3.38%, more than USSG's 0.95% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEEF Xtrackers FTSE Developed ex US Multifactor ETF	3.38%	3.63%	4.04%	3.96%	3.31%	3.84%	2.71%	3.74%	2.80%	2.61%	4.35%
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%

Frequently Asked Questions

Can I hold both DEEF and USSG in my portfolio?

DEEF and USSG have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, DEEF or USSG?

DEEF has higher volatility (3.88%) compared to USSG (3.77%). In terms of maximum drawdown, DEEF dropped -36.48% vs USSG's -34.10%.

Which ETF is better, DEEF or USSG?

On 5-year performance, USSG leads with 13.79% vs 7.51% for DEEF. 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, DEEF or USSG?

Over the 5-year period, USSG has performed better with a 13.79% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, DEEF or USSG?

USSG is cheaper with a 0.10% expense ratio, compared with 0.24% for DEEF.

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

DEEF has the higher dividend yield at 3.38%, compared with 0.95% for USSG.

What is the main difference between DEEF and USSG?

DEEF is categorized as Foreign Large Cap Equities, while USSG is Large Cap Growth Equities. DEEF tracks FTSE Developed ex US Comprehensive Factor Net Tax (US RIC) Index, while USSG tracks MSCI USA ESG Leaders. Their fees differ too: 0.24% for DEEF and 0.10% for USSG.

Which has better risk-adjusted returns?

USSG currently has the higher Sharpe Ratio (2.14 vs 1.77), 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.