IDEQ vs. DBAW

Last updated Jun 4, 2026

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

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

Returns By Period

The year-to-date returns for both stocks are quite close, with IDEQ having a 16.67% return and DBAW slightly lower at 16.12%.

IDEQ

• 1D: -0.87%
• 1M: 4.76%
• YTD: 16.67%
• 6M: 20.65%
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

DBAW

• 1D: -0.51%
• 1M: 6.28%
• YTD: 16.12%
• 6M: 18.39%
• 1Y: 36.60%
• 3Y*: 21.15%
• 5Y*: 11.32%
• 10Y*: 11.44%

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

IDEQ vs. DBAW - Yearly Performance Comparison

	2026 (YTD)	2025
IDEQ Lazard International Dynamic Equity ETF	16.67%	11.77%
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	16.12%	9.96%

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 Sep 2, 2025	0.89

Return for Risk

IDEQ vs. DBAW — Risk / Return Rank

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

DBAW

DBAW Risk / Return Rank: 84
DBAW Sharpe Ratio Rank: 86
DBAW Sortino Ratio Rank: 86
DBAW Omega Ratio Rank: 87
DBAW Calmar Ratio Rank: 79
DBAW Martin Ratio Rank: 83

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.

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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	IDEQ	DBAW	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.86	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.83	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.75	—
Sharpe Ratio (All Time) Calculated using the full available price history	2.30	0.63	+1.67

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.

Drawdown Indicators

	IDEQ	DBAW	Difference
Max Drawdown Largest 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 Drawdown Current decline from peak	-0.87%	-0.51%	-0.36%
Average Drawdown Average peak-to-trough decline	-2.10%	-5.00%	+2.90%
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.16%	—

Volatility

Volatility by Period

	IDEQ	DBAW	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.71%	—
Volatility (6M) Calculated over the trailing 6-month period	—	11.00%	—
Volatility (1Y) Calculated over the trailing 1-year period	18.39%	12.88%	+5.51%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.39%	13.74%	+4.65%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.39%	15.28%	+3.11%

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 0.52%, less than DBAW's 3.29% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF	3.29%	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	0.52%	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

Can I hold both IDEQ and DBAW in my portfolio?

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.

Which ETF is better, IDEQ or DBAW?

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.

Which ETF is cheaper, IDEQ or DBAW?

IDEQ is cheaper with a 0.40% expense ratio, compared with 0.41% for DBAW.

Which ETF pays a higher dividend yield, IDEQ or DBAW?

DBAW has the higher dividend yield at 3.29%, compared with 0.52% for IDEQ.

What is the main difference between IDEQ and DBAW?

They also come from different issuers: Lazard and Deutsche Bank. Their fees differ too: 0.40% for IDEQ and 0.41% for DBAW.