IDMO vs. DBEF

Last updated Jun 9, 2026

IDMO (Invesco S&P International Developed Momentum ETF) and DBEF (Xtrackers MSCI EAFE Hedged Equity ETF) are both exchange-traded funds - IDMO is a Momentum fund tracking the S&P Momentum Developed ex U.S. & South Korea LargeMidCap 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, IDMO returned 12.02%/yr vs 12.28%/yr for DBEF. A 0.57 correlation means they provide meaningful diversification when combined. IDMO charges 0.25%/yr vs 0.36%/yr for DBEF.

Performance

IDMO vs. DBEF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Invesco S&P International Developed Momentum ETF (IDMO) 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, IDMO achieves a 5.33% return, which is significantly lower than DBEF's 9.52% return. Both investments have delivered pretty close results over the past 10 years, with IDMO having a 12.02% annualized return and DBEF not far ahead at 12.28%.

IDMO

• 1D: 0.67%
• 1M: -3.78%
• YTD: 5.33%
• 6M: 8.93%
• 1Y: 19.27%
• 3Y*: 24.47%
• 5Y*: 15.15%
• 10Y*: 12.02%

DBEF

• 1D: 0.82%
• 1M: 1.44%
• YTD: 9.52%
• 6M: 11.55%
• 1Y: 22.84%
• 3Y*: 17.58%
• 5Y*: 12.96%
• 10Y*: 12.28%

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

IDMO vs. DBEF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
IDMO Invesco S&P International Developed Momentum ETF	5.33%	42.17%	12.79%	20.16%	-12.03%	14.31%	22.01%	26.09%	-16.66%	29.21%
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	9.52%	23.16%	13.40%	20.15%	-5.13%	19.60%	2.03%	24.94%	-9.52%	16.74%

Correlation

The correlation between IDMO and DBEF is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.81
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (5Y) Calculated over the trailing 5-year period	0.83
Correlation (10Y) Calculated over the trailing 10-year period	0.68
Correlation (All Time) Calculated using the full available price history since Feb 24, 2012	0.57

Over the past year, IDMO and DBEF have become more correlated (0.81) than their long-term average of 0.57, meaning their price movements have been converging.

IDMO vs. DBEF - Sectors Allocation Comparison

Sectors	IDMO	DBEF
Financial Services	42.4%	24.6%
Industrials	22.6%	19.9%
Basic Materials	10.2%	5.9%
Utilities	8.4%	3.9%
Technology	5.3%	10.3%
Consumer Defensive	2.5%	6.8%
Communication Services	2.2%	4.5%
Real Estate	2.0%	1.9%
Energy	1.9%	4.1%
Consumer Cyclical	1.4%	7.5%
Healthcare	1.2%	10.5%

Return for Risk

IDMO vs. DBEF — Risk / Return Rank

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

IDMO

IDMO Risk / Return Rank: 36
IDMO Sharpe Ratio Rank: 34
IDMO Sortino Ratio Rank: 34
IDMO Omega Ratio Rank: 35
IDMO Calmar Ratio Rank: 35
IDMO Martin Ratio Rank: 43

DBEF

DBEF Risk / Return Rank: 60
DBEF Sharpe Ratio Rank: 60
DBEF Sortino Ratio Rank: 61
DBEF Omega Ratio Rank: 61
DBEF Calmar Ratio Rank: 54
DBEF Martin Ratio Rank: 62

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.

IDMO vs. DBEF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Invesco S&P International Developed Momentum ETF (IDMO) 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.

	IDMO	DBEF	Difference
Sharpe ratio: Return per unit of total volatility	1.12	1.83	-0.70
Sortino ratio: Return per unit of downside risk	1.67	2.56	-0.89
Omega ratio: Gain probability vs. loss probability	1.21	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	1.57	2.44	-0.87
Martin ratio: Return relative to average drawdown	6.49	10.24	-3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

IDMO vs. DBEF - Sharpe Ratio Comparison

The current IDMO Sharpe Ratio is 1.12, which is lower than the DBEF Sharpe Ratio of 1.83. The chart below compares the historical Sharpe Ratios of IDMO 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

	IDMO	DBEF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.12	1.83	-0.70
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.85	0.95	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.78	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.55	-0.10

Drawdowns

IDMO vs. DBEF - Drawdown Comparison

The maximum IDMO drawdown since its inception was -39.38%, which is greater than DBEF's maximum drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for IDMO and DBEF.

Drawdown Indicators

	IDMO	DBEF	Difference
Max Drawdown Largest peak-to-trough decline	-39.38%	-32.46%	-6.92%
Max Drawdown (1Y) Largest decline over 1 year	-12.31%	-9.41%	-2.90%
Max Drawdown (3Y) Largest decline over 3 years	-12.65%	-14.62%	+1.97%
Max Drawdown (5Y) Largest decline over 5 years	-27.07%	-14.95%	-12.12%
Max Drawdown (10Y) Largest decline over 10 years	-31.34%	-32.46%	+1.12%
Current Drawdown Current decline from peak	-4.49%	-1.26%	-3.23%
Average Drawdown Average peak-to-trough decline	-9.75%	-4.73%	-5.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.99%	2.24%	+0.75%

Volatility

IDMO vs. DBEF - Volatility Comparison

Invesco S&P International Developed Momentum ETF (IDMO) has a higher volatility of 6.18% compared to Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) at 3.60%. This indicates that IDMO'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

	IDMO	DBEF	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.18%	3.60%	+2.58%
Volatility (6M) Calculated over the trailing 6-month period	15.28%	10.41%	+4.87%
Volatility (1Y) Calculated over the trailing 1-year period	17.25%	12.59%	+4.66%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.90%	13.78%	+4.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	15.81%	+2.33%

IDMO vs. DBEF - Expense Ratio Comparison

IDMO has a 0.25% expense ratio, which is lower than DBEF's 0.36% expense ratio.

Dividends

IDMO vs. DBEF - Dividend Comparison

IDMO's dividend yield for the trailing twelve months is around 3.61%, less than DBEF's 5.07% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBEF Xtrackers MSCI EAFE Hedged Equity ETF	5.07%	5.55%	1.29%	4.46%	15.85%	2.28%	2.41%	3.03%	3.22%	2.98%	2.55%	3.70%
IDMO Invesco S&P International Developed Momentum ETF	3.61%	3.71%	2.24%	2.89%	3.66%	1.81%	1.63%	2.78%	3.27%	3.08%	2.18%	2.52%

Frequently Asked Questions

Can I hold both IDMO and DBEF in my portfolio?

IDMO and DBEF have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, IDMO or DBEF?

IDMO has higher volatility (6.18%) compared to DBEF (3.60%). In terms of maximum drawdown, IDMO dropped -39.38% vs DBEF's -32.46%.

Which ETF is better, IDMO or DBEF?

On 10-year performance, DBEF leads with 12.28% vs 12.02% for IDMO. On fees, IDMO is cheaper at 0.25% per year. On volatility, DBEF has been the lower-risk option at 3.60%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, IDMO or DBEF?

Over the 10-year period, DBEF has performed better with a 12.28% return vs 12.02%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, IDMO or DBEF?

IDMO is cheaper with a 0.25% expense ratio, compared with 0.36% for DBEF.

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

DBEF has the higher dividend yield at 5.07%, compared with 3.61% for IDMO.

What is the main difference between IDMO and DBEF?

IDMO is categorized as Momentum, while DBEF is Hedge Fund. IDMO tracks S&P Momentum Developed ex U.S. & South Korea LargeMidCap Index, while DBEF tracks MSCI EAFE US Dollar Hedged Index. They also come from different issuers: Invesco and DWS. Their fees differ too: 0.25% for IDMO and 0.36% for DBEF.

Which has better risk-adjusted returns?

DBEF currently has the higher Sharpe Ratio (1.83 vs 1.12), 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.