HDEF vs. EPIN

Last updated Jul 14, 2026

HDEF (Xtrackers MSCI EAFE High Dividend Yield Equity ETF) and EPIN (Harbor International Equity ETF) are both Foreign Large Cap Equities funds. HDEF is passively managed, while EPIN is actively managed. Over the past year, HDEF returned 17.39% vs 34.96% for EPIN. A 0.56 correlation means they provide meaningful diversification when combined. HDEF charges 0.20%/yr vs 0.80%/yr for EPIN.

Performance

HDEF vs. EPIN - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) and Harbor International Equity ETF (EPIN). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, HDEF achieves a 8.35% return, which is significantly lower than EPIN's 22.20% return.

HDEF

• 1D: -0.09%
• 1M: 1.63%
• 6M: 8.04%
• YTD: 8.35%
• 1Y: 17.39%
• 3Y*: 16.34%
• 5Y*: 10.88%
• 10Y*: 8.70%

EPIN

• 1D: -2.07%
• 1M: 0.05%
• 6M: 15.50%
• YTD: 22.20%
• 1Y: 34.96%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

HDEF vs. EPIN - Yearly Performance Comparison

	2026 (YTD)	2025
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	8.35%	11.14%
EPIN Harbor International Equity ETF	22.20%	14.36%

Correlation

The correlation between HDEF and EPIN is 0.54, 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	0.54
Correlation (All Time) Calculated using the full available price history since Jun 5, 2025	0.56

The correlation between HDEF and EPIN has been stable across timeframes, ranging from 0.54 to 0.56 - a consistent structural relationship.

HDEF vs. EPIN - Sectors Allocation Comparison

Sectors	HDEF	EPIN
Financial Services	26.5%	17.7%
Consumer Defensive	19.5%	2.5%
Healthcare	17.0%	6.6%
Energy	11.4%	4.2%
Utilities	7.8%	-
Industrials	7.7%	20.4%
Consumer Cyclical	4.1%	6.1%
Communication Services	3.9%	1.2%
Real Estate	0.8%	-
Basic Materials	0.6%	7.3%
Technology	0.6%	34.1%

Return for Risk

HDEF vs. EPIN — Risk / Return Rank

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

HDEF

HDEF Risk / Return Rank: 53
HDEF Sharpe Ratio Rank: 55
HDEF Sortino Ratio Rank: 55
HDEF Omega Ratio Rank: 55
HDEF Calmar Ratio Rank: 55
HDEF Martin Ratio Rank: 47

EPIN

EPIN Risk / Return Rank: 73
EPIN Sharpe Ratio Rank: 73
EPIN Sortino Ratio Rank: 70
EPIN Omega Ratio Rank: 72
EPIN Calmar Ratio Rank: 75
EPIN Martin Ratio Rank: 76

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.

HDEF vs. EPIN - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) and Harbor International Equity ETF (EPIN). 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.

	HDEF	EPIN	Difference
Sharpe ratio: Return per unit of total volatility	1.48	1.85	-0.37
Sortino ratio: Return per unit of downside risk	2.12	2.54	-0.42
Omega ratio: Gain probability vs. loss probability	1.27	1.34	-0.06
Calmar ratio: Return relative to maximum drawdown	2.18	3.02	-0.84
Martin ratio: Return relative to average drawdown	6.12	11.18	-5.07

HDEF vs. EPIN - Sharpe Ratio Comparison

The current HDEF Sharpe Ratio is 1.48, which is comparable to the EPIN Sharpe Ratio of 1.85. The chart below compares the historical Sharpe Ratios of HDEF and EPIN, 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

HDEF vs. EPIN - Drawdown Comparison

The maximum HDEF drawdown since its inception was -36.43%, which is greater than EPIN's maximum drawdown of -11.64%. Use the drawdown chart below to compare losses from any high point for HDEF and EPIN.

Drawdown Indicators

	HDEF	EPIN	Difference
Max Drawdown Largest peak-to-trough decline	-36.43%	-11.64%	-24.79%
Max Drawdown (1Y) Largest decline over 1 year	-8.03%	-11.64%	+3.61%
Max Drawdown (3Y) Largest decline over 3 years	-11.15%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-23.63%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-36.43%	—	—
Current Drawdown Current decline from peak	-1.73%	-3.40%	+1.67%
Average Drawdown Average peak-to-trough decline	-5.04%	-1.82%	-3.22%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.85%	3.13%	-0.28%

Volatility

HDEF vs. EPIN - Volatility Comparison

The current volatility for Xtrackers MSCI EAFE High Dividend Yield Equity ETF (HDEF) is 3.46%, while Harbor International Equity ETF (EPIN) has a volatility of 7.05%. This indicates that HDEF experiences smaller price fluctuations and is considered to be less risky than EPIN based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	HDEF	EPIN	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.46%	7.05%	-3.59%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	16.91%	-7.30%
Volatility (1Y) Calculated over the trailing 1-year period	11.85%	19.02%	-7.17%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.15%	18.51%	-4.36%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	18.51%	-2.39%

HDEF vs. EPIN - Expense Ratio Comparison

HDEF has a 0.20% expense ratio, which is lower than EPIN's 0.80% expense ratio.

Dividends

HDEF vs. EPIN - Dividend Comparison

HDEF's dividend yield for the trailing twelve months is around 3.84%, more than EPIN's 0.65% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EPIN Harbor International Equity ETF	0.65%	0.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
HDEF Xtrackers MSCI EAFE High Dividend Yield Equity ETF	3.84%	3.88%	4.53%	4.38%	5.41%	4.76%	3.93%	4.20%	3.55%	3.38%	9.53%	1.87%

Frequently Asked Questions

Can I hold both HDEF and EPIN in my portfolio?

HDEF and EPIN have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, HDEF or EPIN?

EPIN has higher volatility (7.05%) compared to HDEF (3.46%). In terms of maximum drawdown, HDEF dropped -36.43% vs EPIN's -11.64%.

Which ETF is better, HDEF or EPIN?

On 1-year performance, EPIN leads with 34.96% vs 17.39% for HDEF. On fees, HDEF is cheaper at 0.20% per year. On volatility, HDEF has been the lower-risk option at 3.46%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, HDEF or EPIN?

Over the 1-year period, EPIN has performed better with a 34.96% return vs 17.39%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, HDEF or EPIN?

HDEF is cheaper with a 0.20% expense ratio, compared with 0.80% for EPIN.

Which ETF pays a higher dividend yield, HDEF or EPIN?

HDEF has the higher dividend yield at 3.84%, compared with 0.65% for EPIN.

What is the main difference between HDEF and EPIN?

They also come from different issuers: Deutsche Bank and Harbor. Their fees differ too: 0.20% for HDEF and 0.80% for EPIN.

Which has better risk-adjusted returns?

EPIN currently has the higher Sharpe Ratio (1.85 vs 1.48), 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.