IDEQ vs. DBAW
IDEQ (Lazard International Dynamic Equity ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. IDEQ is actively managed, while DBAW is passively managed. Their correlation of 0.89 suggests significant overlap in exposure. IDEQ charges 0.40%/yr vs 0.41%/yr for DBAW.
Performance
IDEQ vs. DBAW - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with IDEQ having a 15.58% return and DBAW slightly higher at 16.14%.
IDEQ
- 1D
- -3.09%
- 1M
- 1.29%
- YTD
- 15.58%
- 6M
- 15.09%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
IDEQ vs. DBAW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
IDEQ Lazard International Dynamic Equity ETF | 15.58% | 12.10% |
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 16.14% | 9.47% |
Correlation
The correlation between IDEQ and DBAW is 0.89, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Aug 29, 2025 | 0.89 |
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Return for Risk
IDEQ vs. DBAW — Risk / Return Rank
IDEQ
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBAW
IDEQ vs. DBAW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Lazard International Dynamic Equity ETF (IDEQ) 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.
| IDEQ | DBAW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.49 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.98 | — |
| Martin ratioReturn relative to average drawdown | — | 16.14 | — |
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Drawdowns
IDEQ vs. DBAW - Drawdown Comparison
The maximum IDEQ drawdown since its inception was -12.95%, smaller than the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for IDEQ and DBAW.
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Drawdown Indicators
| IDEQ | DBAW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.95% | -31.44% | +18.49% |
Max Drawdown (1Y)Largest decline over 1 year | — | -9.00% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.11% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -17.87% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.44% | — |
Current DrawdownCurrent decline from peak | -3.09% | -2.70% | -0.39% |
Average DrawdownAverage peak-to-trough decline | -2.07% | -4.98% | +2.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.21% | — |
Volatility
IDEQ vs. DBAW - Volatility Comparison
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Volatility by Period
| IDEQ | DBAW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.39% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.35% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 19.48% | 14.01% | +5.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.48% | 13.97% | +5.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.48% | 15.21% | +4.27% |
IDEQ vs. DBAW - Expense Ratio Comparison
IDEQ has a 0.40% expense ratio, which is lower than DBAW's 0.41% expense ratio.
Dividends
IDEQ vs. DBAW - Dividend Comparison
IDEQ's dividend yield for the trailing twelve months is around 1.34%, less than DBAW's 1.69% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
IDEQ Lazard International Dynamic Equity ETF | 1.34% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
IDEQ and DBAW have a correlation of 0.89, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEQ is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEQ is cheaper with a 0.40% expense ratio, compared with 0.41% for DBAW.
DBAW has the higher dividend yield at 1.69%, compared with 1.34% for IDEQ.
They also come from different issuers: Lazard and Deutsche Bank. Their fees differ too: 0.40% for IDEQ and 0.41% for DBAW.
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