HAUZ vs. DBEF

Last updated Jun 4, 2026

HAUZ (Xtrackers International Real Estate ETF) and DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) are both exchange-traded funds - HAUZ is a REIT fund tracking the iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, while DBEF is a Hedge Fund fund tracking the MSCI EAFE US Dollar Hedged Index. Both are passively managed. Over the past 10 years, HAUZ returned 3.62%/yr vs 12.12%/yr for DBEF. A 0.58 correlation means they provide meaningful diversification when combined. HAUZ charges 0.10%/yr vs 0.36%/yr for DBEF.

Performance

HAUZ vs. DBEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers International Real Estate ETF (HAUZ) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HAUZ achieves a -2.64% return, which is significantly lower than DBEF's 10.25% return. Over the past 10 years, HAUZ has underperformed DBEF with an annualized return of 3.62%, while DBEF has yielded a comparatively higher 12.12% annualized return.

HAUZ

• 1D: -1.44%
• 1M: -4.21%
• YTD: -2.64%
• 6M: -1.65%
• 1Y: 5.96%
• 3Y*: 7.04%
• 5Y*: -1.54%
• 10Y*: 3.62%

DBEF

• 1D: -0.47%
• 1M: 4.76%
• YTD: 10.25%
• 6M: 12.54%
• 1Y: 24.51%
• 3Y*: 17.72%
• 5Y*: 13.11%
• 10Y*: 12.12%

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

HAUZ vs. DBEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
HAUZ Xtrackers International Real Estate ETF	-2.64%	22.70%	-5.44%	6.29%	-22.24%	9.82%	-6.23%	20.89%	-9.12%	27.52%
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	10.25%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%

Correlation

The correlation between HAUZ and DBEF is 0.66, 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	0.66
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.67
Correlation (10Y) Calculated over the trailing 10-year period	0.62
Correlation (All Time) Calculated using the full available price history since Oct 2, 2013	0.58

The correlation between HAUZ and DBEF has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.

HAUZ vs. DBEF - Sectors Allocation Comparison

Sectors	HAUZ	DBEF
Real Estate	96.5%	1.9%
Industrials	1.3%	19.9%
Communication Services	1.2%	4.5%
Consumer Cyclical	0.3%	7.5%
Financial Services	0.3%	24.6%
Utilities	0.1%	3.9%
Technology	0.1%	10.3%
Basic Materials	0.1%	5.9%
Healthcare	0.0%	10.5%
Energy	0.0%	4.1%
Consumer Defensive	0.0%	6.8%

Return for Risk

HAUZ vs. DBEF — Risk / Return Rank

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

HAUZ

HAUZ Risk / Return Rank: 15
HAUZ Sharpe Ratio Rank: 15
HAUZ Sortino Ratio Rank: 15
HAUZ Omega Ratio Rank: 15
HAUZ Calmar Ratio Rank: 14
HAUZ Martin Ratio Rank: 15

DBEF

DBEF Risk / Return Rank: 57
DBEF Sharpe Ratio Rank: 57
DBEF Sortino Ratio Rank: 58
DBEF Omega Ratio Rank: 59
DBEF Calmar Ratio Rank: 52
DBEF 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.

HAUZ vs. DBEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers International Real Estate ETF (HAUZ) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF). 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.

	HAUZ	DBEF	Difference
Sharpe ratio: Return per unit of total volatility	0.43	1.99	-1.56
Sortino ratio: Return per unit of downside risk	0.71	2.80	-2.09
Omega ratio: Gain probability vs. loss probability	1.09	1.37	-0.28
Calmar ratio: Return relative to maximum drawdown	0.43	2.62	-2.19
Martin ratio: Return relative to average drawdown	1.28	11.01	-9.73
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

HAUZ vs. DBEF - Sharpe Ratio Comparison

The current HAUZ Sharpe Ratio is 0.43, which is lower than the DBEF Sharpe Ratio of 1.99. The chart below compares the historical Sharpe Ratios of HAUZ and DBEF, 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

	HAUZ	DBEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.43	1.99	-1.56
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.10	0.96	-1.06
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.21	0.77	-0.56
Sharpe Ratio (All Time) Calculated using the full available price history	0.17	0.55	-0.38

Drawdowns

HAUZ vs. DBEF - Drawdown Comparison

The maximum HAUZ drawdown since its inception was -39.51%, which is greater than DBEF's maximum drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for HAUZ and DBEF.

Drawdown Indicators

	HAUZ	DBEF	Difference
Max Drawdown Largest peak-to-trough decline	-39.51%	-32.46%	-7.05%
Max Drawdown (1Y) Largest decline over 1 year	-14.08%	-9.41%	-4.67%
Max Drawdown (3Y) Largest decline over 3 years	-17.88%	-14.62%	-3.26%
Max Drawdown (5Y) Largest decline over 5 years	-34.52%	-14.95%	-19.57%
Max Drawdown (10Y) Largest decline over 10 years	-39.51%	-32.46%	-7.05%
Current Drawdown Current decline from peak	-11.73%	-0.47%	-11.26%
Average Drawdown Average peak-to-trough decline	-11.75%	-4.74%	-7.01%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.65%	2.23%	+2.42%

Volatility

HAUZ vs. DBEF - Volatility Comparison

Xtrackers International Real Estate ETF (HAUZ) has a higher volatility of 4.73% compared to Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) at 3.99%. This indicates that HAUZ's price experiences larger fluctuations and is considered to be riskier than DBEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HAUZ	DBEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	3.99%	+0.74%
Volatility (6M) Calculated over the trailing 6-month period	11.47%	10.14%	+1.33%
Volatility (1Y) Calculated over the trailing 1-year period	13.83%	12.37%	+1.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.96%	13.74%	+2.22%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.97%	15.79%	+1.18%

HAUZ vs. DBEF - Expense Ratio Comparison

HAUZ has a 0.10% expense ratio, which is lower than DBEF's 0.36% expense ratio.

Dividends

HAUZ vs. DBEF - Dividend Comparison

HAUZ's dividend yield for the trailing twelve months is around 4.58%, less than DBEF's 5.03% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.03%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
HAUZ Xtrackers International Real Estate ETF	4.58%	4.46%	4.50%	3.50%	1.99%	4.84%	3.37%	3.69%	1.93%	2.59%	2.18%	9.42%

Frequently Asked Questions

Can I hold both HAUZ and DBEF in my portfolio?

HAUZ and DBEF have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HAUZ or DBEF?

HAUZ has higher volatility (4.73%) compared to DBEF (3.99%). In terms of maximum drawdown, HAUZ dropped -39.51% vs DBEF's -32.46%.

Which ETF is better, HAUZ or DBEF?

On 10-year performance, DBEF leads with 12.12% vs 3.62% for HAUZ. On fees, HAUZ is cheaper at 0.10% per year. On volatility, DBEF has been the lower-risk option at 3.99%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HAUZ or DBEF?

Over the 10-year period, DBEF has performed better with a 12.12% return vs 3.62%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HAUZ or DBEF?

HAUZ is cheaper with a 0.10% expense ratio, compared with 0.36% for DBEF.

Which ETF pays a higher dividend yield, HAUZ or DBEF?

DBEF has the higher dividend yield at 5.03%, compared with 4.58% for HAUZ.

What is the main difference between HAUZ and DBEF?

HAUZ is categorized as REIT, while DBEF is Hedge Fund. HAUZ tracks iSTOXX Developed and Emerging Markets ex USA PK VN Real Estate Index, while DBEF tracks MSCI EAFE US Dollar Hedged Index. Their fees differ too: 0.10% for HAUZ and 0.36% for DBEF.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.99 vs 0.43), 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.