HEDJ vs. DBEU
Compare and contrast key facts about WisdomTree Europe Hedged Equity Fund (HEDJ) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU).
HEDJ and DBEU are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. HEDJ is a passively managed fund by WisdomTree that tracks the performance of the WisdomTree Europe Hedged Equity Index. It was launched on Dec 31, 2009. DBEU is a passively managed fund by DWS that tracks the performance of the MSCI Europe US Dollar Hedged Index. It was launched on Oct 1, 2013. Both HEDJ and DBEU are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: HEDJ or DBEU.
Performance
HEDJ vs. DBEU - Performance Comparison
Returns By Period
In the year-to-date period, HEDJ achieves a 3.08% return, which is significantly lower than DBEU's 8.11% return. Both investments have delivered pretty close results over the past 10 years, with HEDJ having a 7.91% annualized return and DBEU not far ahead at 7.99%.
HEDJ
3.08%
-3.43%
-7.90%
8.76%
7.51%
7.91%
DBEU
8.11%
-4.40%
-4.16%
12.94%
8.49%
7.99%
Key characteristics
| HEDJ | DBEU | |
|---|---|---|
| Sharpe Ratio | 0.72 | 1.33 |
| Sortino Ratio | 1.05 | 1.87 |
| Omega Ratio | 1.13 | 1.23 |
| Calmar Ratio | 0.79 | 1.88 |
| Martin Ratio | 2.03 | 7.36 |
| Ulcer Index | 4.70% | 1.88% |
| Daily Std Dev | 13.28% | 10.39% |
| Max Drawdown | -38.18% | -34.50% |
| Current Drawdown | -8.91% | -4.40% |
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HEDJ vs. DBEU - Expense Ratio Comparison
HEDJ has a 0.58% expense ratio, which is higher than DBEU's 0.45% expense ratio.
Correlation
The correlation between HEDJ and DBEU is 0.93, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Risk-Adjusted Performance
HEDJ vs. DBEU - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Hedged Equity Fund (HEDJ) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). 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.
Dividends
HEDJ vs. DBEU - Dividend Comparison
HEDJ's dividend yield for the trailing twelve months is around 3.04%, more than DBEU's 0.07% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HEDJ WisdomTree Europe Hedged Equity Fund | 3.04% | 3.31% | 2.83% | 2.08% | 2.65% | 1.82% | 2.73% | 2.27% | 2.97% | 9.44% | 5.83% | 1.85% |
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 0.07% | 3.64% | 1.96% | 1.87% | 2.44% | 2.78% | 3.56% | 2.28% | 9.92% | 5.50% | 4.43% | 0.91% |
Drawdowns
HEDJ vs. DBEU - Drawdown Comparison
The maximum HEDJ drawdown since its inception was -38.18%, which is greater than DBEU's maximum drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for HEDJ and DBEU. For additional features, visit the drawdowns tool.
Volatility
HEDJ vs. DBEU - Volatility Comparison
WisdomTree Europe Hedged Equity Fund (HEDJ) has a higher volatility of 3.99% compared to Xtrackers MSCI Europe Hedged Equity Fund (DBEU) at 3.07%. This indicates that HEDJ's price experiences larger fluctuations and is considered to be riskier than DBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.