EASG vs. DBEZ

Last updated Aug 2, 2026

EASG (Xtrackers MSCI EAFE ESG Leaders Equity ETF) and DBEZ (Xtrackers MSCI Eurozone Hedged Equity ETF) are both exchange-traded funds - EASG is a Foreign Large Cap Equities fund tracking the MSCI EAFE ESG Leaders Index, while DBEZ is a Europe Equities fund tracking the MSCI EMU IMI 100% Hedged to USD Net Variant. Both are passively managed. Over the past 5 years, EASG returned 7.51%/yr vs 12.38%/yr for DBEZ. Their correlation of 0.85 means they have usually moved in the same direction. EASG charges 0.14%/yr vs 0.47%/yr for DBEZ.

Performance

EASG vs. DBEZ - Performance Comparison

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

Returns By Period

In the year-to-date period, EASG achieves a 11.08% return, which is significantly lower than DBEZ's 13.66% return.

EASG

• 1D: -0.71%
• 1M: 0.27%
• 6M: 5.95%
• YTD: 11.08%
• 1Y: 23.37%
• 3Y*: 13.72%
• 5Y*: 7.51%
• 10Y*: —
• ALL TIME*: 9.53%

DBEZ

• 1D: 0.01%
• 1M: 0.02%
• 6M: 10.08%
• YTD: 13.66%
• 1Y: 26.45%
• 3Y*: 17.45%
• 5Y*: 12.38%
• 10Y*: 12.37%
• ALL TIME*: 11.33%

*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)
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	$401.75K	$249.36K	$196.33K
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	$107.99K	$79.19K	$91.05K

EASG vs. DBEZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	11.08%	25.19%	2.26%	18.80%	-16.94%	11.36%	10.73%	23.66%	-5.41%
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	13.66%	26.14%	9.51%	21.78%	-10.13%	23.52%	0.36%	29.94%	-7.15%

Correlation

The correlation between EASG and DBEZ is 0.85, meaning they have usually moved in the same direction, including during past declines.

	Correlation
Correlation (1Y) Focuses on recent behavior, but can change the most.	0.85
Correlation (3Y) Balances recent behavior with more history.	0.83
Correlation (5Y) Shows whether the relationship held over a longer period.	0.85
Correlation (All Time) Calculated using the full available price history since Nov 2, 2018	0.85

The correlation between EASG and DBEZ has been stable across timeframes, ranging from 0.83 to 0.85 - a consistent structural relationship.

EASG vs. DBEZ - Sectors Allocation Comparison

Sectors	EASG	DBEZ
Financial Services	24.7%	23.6%
Industrials	17.5%	21.3%
Technology	14.8%	16.8%
Healthcare	11.0%	5.8%
Consumer Cyclical	6.7%	8.2%
Consumer Defensive	6.4%	5.2%
Basic Materials	5.7%	4.3%
Communication Services	5.2%	3.8%
Utilities	3.7%	6.2%
Energy	2.7%	3.6%
Real Estate	1.7%	1.3%

Return for Risk

EASG vs. DBEZ — Risk / Return Rank

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

EASG

EASG Risk / Return Rank: 59
EASG Sharpe Ratio Rank: 60
EASG Sortino Ratio Rank: 60
EASG Omega Ratio Rank: 59
EASG Calmar Ratio Rank: 55
EASG Martin Ratio Rank: 61

DBEZ

DBEZ Risk / Return Rank: 67
DBEZ Sharpe Ratio Rank: 68
DBEZ Sortino Ratio Rank: 69
DBEZ Omega Ratio Rank: 67
DBEZ Calmar Ratio Rank: 61
DBEZ Martin Ratio Rank: 69

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.

EASG vs. DBEZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) and Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ). 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.

	EASG	DBEZ	Difference
Sharpe ratio: Return per unit of total volatility	1.43	1.57	-0.14
Sortino ratio: Return per unit of downside risk	2.04	2.24	-0.19
Omega ratio: Gain probability vs. loss probability	1.26	1.28	-0.03
Calmar ratio: Return relative to maximum drawdown	1.97	2.16	-0.20
Martin ratio: Return relative to average drawdown	7.39	8.52	-1.13

EASG vs. DBEZ - Sharpe Ratio Comparison

The current EASG Sharpe Ratio is 1.43, which is comparable to the DBEZ Sharpe Ratio of 1.57. The chart below compares the historical Sharpe Ratios of EASG and DBEZ, 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

EASG vs. DBEZ - Drawdown Comparison

The maximum EASG drawdown since its inception was -32.06%, smaller than the maximum DBEZ drawdown of -38.76%. Use the drawdown chart below to compare losses from any high point for EASG and DBEZ.

Drawdown Indicators

	EASG	DBEZ	Difference
Max Drawdown Largest peak-to-trough decline	-32.06%	-38.76%	+6.70%
Max Drawdown (1Y) Largest decline over 1 year	-11.74%	-11.03%	-0.71%
Max Drawdown (3Y) Largest decline over 3 years	-16.14%	-15.59%	-0.55%
Max Drawdown (5Y) Largest decline over 5 years	-31.42%	-23.38%	-8.04%
Max Drawdown (10Y) Largest decline over 10 years	—	-38.76%	—
Current Drawdown Current decline from peak	-0.79%	-0.79%	0.00%
Average Drawdown Average peak-to-trough decline	-6.09%	-5.75%	-0.34%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.12%	2.80%	+0.32%

Volatility

EASG vs. DBEZ - Volatility Comparison

Xtrackers MSCI EAFE ESG Leaders Equity ETF (EASG) and Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) have volatilities of 4.39% and 4.27%, 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

	EASG	DBEZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.39%	4.27%	+0.12%
Volatility (6M) Calculated over the trailing 6-month period	13.55%	13.03%	+0.52%
Volatility (1Y) Calculated over the trailing 1-year period	16.16%	15.24%	+0.92%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.78%	16.53%	+0.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.32%	18.09%	+0.23%

EASG vs. DBEZ - Expense Ratio Comparison

EASG has a 0.14% expense ratio, which is lower than DBEZ's 0.47% expense ratio.

Dividends

EASG vs. DBEZ - Dividend Comparison

EASG's dividend yield for the trailing twelve months is around 3.83%, more than DBEZ's 1.26% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF	1.26%	4.20%	0.62%	1.84%	1.68%	1.64%	1.99%	2.86%	2.56%	2.11%	3.42%	4.92%
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF	3.83%	4.18%	2.93%	2.51%	2.47%	2.69%	1.70%	2.94%	0.85%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both EASG and DBEZ in my portfolio?

EASG and DBEZ have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, EASG or DBEZ?

EASG has higher volatility (4.39%) compared to DBEZ (4.27%). In terms of maximum drawdown, EASG dropped -32.06% vs DBEZ's -38.76%.

Which ETF is better, EASG or DBEZ?

On 5-year performance, DBEZ leads with 12.38% vs 7.51% for EASG. On fees, EASG is cheaper at 0.14% per year. On volatility, DBEZ has been the lower-risk option at 4.27%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, EASG or DBEZ?

Over the 5-year period, DBEZ has performed better with a 12.38% return vs 7.51%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, EASG or DBEZ?

EASG is cheaper with a 0.14% expense ratio, compared with 0.47% for DBEZ.

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

EASG has the higher dividend yield at 3.83%, compared with 1.26% for DBEZ.

What is the main difference between EASG and DBEZ?

EASG is categorized as Foreign Large Cap Equities, while DBEZ is Europe Equities. EASG tracks MSCI EAFE ESG Leaders Index, while DBEZ tracks MSCI EMU IMI 100% Hedged to USD Net Variant. Their fees differ too: 0.14% for EASG and 0.47% for DBEZ.

Which has better risk-adjusted returns?

DBEZ currently has the higher Sharpe Ratio (1.57 vs 1.43), 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.