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ECH vs. DBAW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ECH vs. DBAW

Last updated Jun 24, 2026

ECH (iShares MSCI Chile ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds - ECH tracks the MSCI Chile Investable Market Index while DBAW tracks the MSCI ACWI ex USA US Dollar Hedged Index. Both are passively managed. Over the past 10 years, ECH returned 4.49%/yr vs 11.99%/yr for DBAW. A 0.53 correlation means they provide meaningful diversification when combined. ECH charges 0.59%/yr vs 0.41%/yr for DBAW.

Performance

ECH vs. DBAW - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in iShares MSCI Chile ETF (ECH) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). The values are adjusted to include any dividend payments, if applicable.

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Returns By Period

In the year-to-date period, ECH achieves a 0.19% return, which is significantly lower than DBAW's 16.14% return. Over the past 10 years, ECH has underperformed DBAW with an annualized return of 4.49%, while DBAW has yielded a comparatively higher 11.99% annualized return.

ECH

1D
-2.38%
1M
0.47%
YTD
0.19%
6M
1.60%
1Y
35.27%
3Y*
14.56%
5Y*
10.67%
10Y*
4.49%

DBAW

1D
-2.70%
1M
2.62%
YTD
16.14%
6M
16.41%
1Y
35.60%
3Y*
21.48%
5Y*
11.25%
10Y*
11.99%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ECH vs. DBAW - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ECH
iShares MSCI Chile ETF		0.19%65.41%-8.67%9.01%25.12%-19.80%-7.13%-17.79%-18.98%41.79%
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		16.14%26.47%14.35%16.26%-13.35%13.08%7.44%22.96%-10.38%18.79%

Correlation

The correlation between ECH and DBAW is 0.57, 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

0.57

Correlation (3Y)
Calculated over the trailing 3-year period

0.52

Correlation (5Y)
Calculated over the trailing 5-year period

0.52

Correlation (10Y)
Calculated over the trailing 10-year period

0.54

Correlation (All Time)
Calculated using the full available price history since Jan 27, 2014

0.53

The correlation between ECH and DBAW has been stable across timeframes, ranging from 0.52 to 0.57 - a consistent structural relationship.

ECH vs. DBAW - Sectors Allocation Comparison

Sectors
ECH
DBAW

Financial Services

21.8%
23.2%

Basic Materials

20.1%
6.9%

Industrials

15.7%
14.3%

Utilities

12.9%
2.9%

Consumer Cyclical

12.4%
7.6%

Real Estate

7.7%
1.4%

Consumer Defensive

7.6%
5.0%

Communication Services

1.7%
4.9%

Energy

-

4.8%

Healthcare

-

6.8%

Technology

-

22.4%

Financial Services

ECH
21.8%
DBAW
23.2%

Basic Materials

ECH
20.1%
DBAW
6.9%

Industrials

ECH
15.7%
DBAW
14.3%

Utilities

ECH
12.9%
DBAW
2.9%

Consumer Cyclical

ECH
12.4%
DBAW
7.6%

Real Estate

ECH
7.7%
DBAW
1.4%

Consumer Defensive

ECH
7.6%
DBAW
5.0%

Communication Services

ECH
1.7%
DBAW
4.9%

Energy

ECH

-

DBAW
4.8%

Healthcare

ECH

-

DBAW
6.8%

Technology

ECH

-

DBAW
22.4%

Compare stocks, funds, or ETFs

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iShares MSCI Chile ETF

Xtrackers MSCI All World ex US Hedged Equity ETF

Often compared with ECH:
ECH vs. EWZECH vs. EWWECH vs. EPUECH vs. EWZSECH vs. EPOLECH vs. EWYECH vs. SCHD
Often compared with DBAW:
DBAW vs. HAWXDBAW vs. HFXIDBAW vs. MDIJXDBAW vs. GSIEDBAW vs. BROIXDBAW vs. BKIEDBAW vs. DXJ

Return for Risk

ECH vs. DBAW — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ECH
ECH Risk / Return Rank: 3737
Overall Rank
ECH Sharpe Ratio Rank: 4141
Sharpe Ratio Rank
ECH Sortino Ratio Rank: 3939
Sortino Ratio Rank
ECH Omega Ratio Rank: 3838
Omega Ratio Rank
ECH Calmar Ratio Rank: 3838
Calmar Ratio Rank
ECH Martin Ratio Rank: 3030
Martin Ratio Rank
DBAW
DBAW Risk / Return Rank: 8383
Overall Rank
DBAW Sharpe Ratio Rank: 8484
Sharpe Ratio Rank
DBAW Sortino Ratio Rank: 8282
Sortino Ratio Rank
DBAW Omega Ratio Rank: 8686
Omega Ratio Rank
DBAW Calmar Ratio Rank: 8080
Calmar Ratio Rank
DBAW Martin Ratio Rank: 8484
Martin Ratio Rank
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.

ECH vs. DBAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Chile ETF (ECH) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW). 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.

ECHDBAWDifference
Sharpe ratioReturn per unit of total volatility
1.38
2.55

-1.17

Sortino ratioReturn per unit of downside risk
1.92
3.41

-1.48

Omega ratioGain probability vs. loss probability

1.24

1.49

-0.25

Calmar ratioReturn relative to maximum drawdown

1.80

3.98

-2.18

Martin ratioReturn relative to average drawdown

4.20

16.14

-11.94

ECH vs. DBAW - Sharpe Ratio Comparison

The current ECH Sharpe Ratio is 1.38, which is lower than the DBAW Sharpe Ratio of 2.55. The chart below compares the historical Sharpe Ratios of ECH and DBAW, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Drawdowns

ECH vs. DBAW - Drawdown Comparison

The maximum ECH drawdown since its inception was -74.08%, which is greater than DBAW's maximum drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for ECH and DBAW.

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Drawdown Indicators

ECHDBAWDifference

Max Drawdown

Largest peak-to-trough decline

-74.08%

-31.44%

-42.64%

Max Drawdown (1Y)

Largest decline over 1 year

-19.74%

-9.00%

-10.74%

Max Drawdown (3Y)

Largest decline over 3 years

-25.59%

-14.11%

-11.48%

Max Drawdown (5Y)

Largest decline over 5 years

-25.59%

-17.87%

-7.72%

Max Drawdown (10Y)

Largest decline over 10 years

-66.89%

-31.44%

-35.45%

Current Drawdown

Current decline from peak

-25.55%

-2.70%

-22.85%

Average Drawdown

Average peak-to-trough decline

-37.48%

-4.98%

-32.50%

Ulcer Index

Depth and duration of drawdowns from previous peaks

8.42%

2.21%

+6.21%

Volatility

ECH vs. DBAW - Volatility Comparison

iShares MSCI Chile ETF (ECH) has a higher volatility of 8.96% compared to Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) at 6.39%. This indicates that ECH's price experiences larger fluctuations and is considered to be riskier than DBAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

ECHDBAWDifference

Volatility (1M)

Calculated over the trailing 1-month period

8.96%

6.39%

+2.57%

Volatility (6M)

Calculated over the trailing 6-month period

21.27%

12.35%

+8.92%

Volatility (1Y)

Calculated over the trailing 1-year period

25.61%

14.01%

+11.60%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

27.64%

13.97%

+13.67%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

27.24%

15.21%

+12.03%

ECH vs. DBAW - Expense Ratio Comparison

ECH has a 0.59% expense ratio, which is higher than DBAW's 0.41% expense ratio.

Dividends

ECH vs. DBAW - Dividend Comparison

ECH's dividend yield for the trailing twelve months is around 1.97%, more than DBAW's 1.69% yield.

PositionTTM20252024202320222021202020192018201720162015
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		1.69%3.83%1.70%3.45%8.81%2.05%2.08%2.91%2.93%2.41%1.99%5.74%
ECH
iShares MSCI Chile ETF		1.97%2.01%3.12%4.77%6.73%5.49%2.16%2.47%2.37%1.42%1.85%2.13%

Frequently Asked Questions

ECH and DBAW have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

ECH has higher volatility (8.96%) compared to DBAW (6.39%). In terms of maximum drawdown, ECH dropped -74.08% vs DBAW's -31.44%.

On 10-year performance, DBAW leads with 11.99% vs 4.49% for ECH. On fees, DBAW is cheaper at 0.41% per year. On volatility, DBAW has been the lower-risk option at 6.39%. The better choice depends on whether you care most about return, fees, risk, or income.

Over the 10-year period, DBAW has performed better with a 11.99% return vs 4.49%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

DBAW is cheaper with a 0.41% expense ratio, compared with 0.59% for ECH.

ECH has the higher dividend yield at 1.97%, compared with 1.69% for DBAW.

ECH tracks MSCI Chile Investable Market Index, while DBAW tracks MSCI ACWI ex USA US Dollar Hedged Index. They also come from different issuers: iShares and Deutsche Bank. Their fees differ too: 0.59% for ECH and 0.41% for DBAW.

DBAW currently has the higher Sharpe Ratio (2.55 vs 1.38), 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.

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