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IFLO vs. DBAW
Performance
Return for Risk
Drawdowns
Volatility
Dividends

IFLO vs. DBAW

Last updated Jun 23, 2026

IFLO (VictoryShares International Free Cash Flow ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. A 0.78 correlation means they provide meaningful diversification when combined. IFLO charges 0.56%/yr vs 0.41%/yr for DBAW.

Performance

IFLO vs. DBAW - Performance Comparison

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

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Returns By Period

The year-to-date returns for both investments are quite close, with IFLO having a 19.27% return and DBAW slightly higher at 19.37%.

IFLO

1D
-0.34%
1M
2.38%
YTD
19.27%
6M
19.18%
1Y
—
3Y*
—
5Y*
—
10Y*
—

DBAW

1D
0.47%
1M
5.47%
YTD
19.37%
6M
19.97%
1Y
39.95%
3Y*
22.59%
5Y*
12.02%
10Y*
12.30%
*Multi-year figures are annualized to reflect compound growth (CAGR)

IFLO vs. DBAW - Yearly Performance Comparison

2026 (YTD)2025
IFLO
VictoryShares International Free Cash Flow ETF		19.27%13.12%
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		19.37%15.96%

Correlation

The correlation between IFLO and DBAW is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

Correlation
Correlation (All Time)
Calculated using the full available price history since Jun 26, 2025

0.78

IFLO vs. DBAW - Sectors Allocation Comparison

Sectors
IFLO
DBAW

Technology

21.5%
22.4%

Industrials

18.1%
14.3%

Consumer Cyclical

13.8%
7.6%

Energy

12.1%
4.8%

Healthcare

11.7%
6.8%

Basic Materials

11.3%
6.9%

Communication Services

6.7%
4.9%

Consumer Defensive

2.8%
5.0%

Financial Services

1.1%
23.2%

Utilities

1.0%
2.9%

Real Estate

0.0%
1.4%

Technology

IFLO
21.5%
DBAW
22.4%

Industrials

IFLO
18.1%
DBAW
14.3%

Consumer Cyclical

IFLO
13.8%
DBAW
7.6%

Energy

IFLO
12.1%
DBAW
4.8%

Healthcare

IFLO
11.7%
DBAW
6.8%

Basic Materials

IFLO
11.3%
DBAW
6.9%

Communication Services

IFLO
6.7%
DBAW
4.9%

Consumer Defensive

IFLO
2.8%
DBAW
5.0%

Financial Services

IFLO
1.1%
DBAW
23.2%

Utilities

IFLO
1.0%
DBAW
2.9%

Real Estate

IFLO
0.0%
DBAW
1.4%

Compare stocks, funds, or ETFs

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VictoryShares International Free Cash Flow ETF

Xtrackers MSCI All World ex US Hedged Equity ETF

Often compared with IFLO:
IFLO vs. ABIIFLO vs. GLOWIFLO vs. EFASIFLO vs. CFAIFLO vs. CFOIFLO vs. FDTIFLO vs. AVDV
Often compared with DBAW:
DBAW vs. HAWXDBAW vs. HFXIDBAW vs. MDIJXDBAW vs. GSIEDBAW vs. BROIXDBAW vs. BKIEDBAW vs. DXJ

Return for Risk

IFLO vs. DBAW — Risk / Return Rank

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

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

DBAW
DBAW Risk / Return Rank: 8888
Overall Rank
DBAW Sharpe Ratio Rank: 9090
Sharpe Ratio Rank
DBAW Sortino Ratio Rank: 8989
Sortino Ratio Rank
DBAW Omega Ratio Rank: 9191
Omega Ratio Rank
DBAW Calmar Ratio Rank: 8585
Calmar Ratio Rank
DBAW Martin Ratio Rank: 8787
Martin Ratio Rank
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.

IFLO vs. DBAW - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for VictoryShares International Free Cash Flow ETF (IFLO) 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.

IFLODBAWDifference
Sharpe ratioReturn per unit of total volatility

—

2.92

—

Sortino ratioReturn per unit of downside risk

—

3.91

—

Omega ratioGain probability vs. loss probability

—

1.57

—

Calmar ratioReturn relative to maximum drawdown

—

4.46

—

Martin ratioReturn relative to average drawdown

—

18.16

—

IFLO vs. DBAW - Sharpe Ratio Comparison

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Drawdowns

IFLO vs. DBAW - Drawdown Comparison

The maximum IFLO drawdown since its inception was -6.44%, smaller than the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for IFLO and DBAW.

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Drawdown Indicators

IFLODBAWDifference

Max Drawdown

Largest peak-to-trough decline

-6.44%

-31.44%

+25.00%

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

-1.43%

0.00%

-1.43%

Average Drawdown

Average peak-to-trough decline

-1.22%

-4.98%

+3.76%

Ulcer Index

Depth and duration of drawdowns from previous peaks

—

2.21%

—

Volatility

IFLO vs. DBAW - Volatility Comparison

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Volatility by Period

IFLODBAWDifference

Volatility (1M)

Calculated over the trailing 1-month period

—

5.66%

—

Volatility (6M)

Calculated over the trailing 6-month period

—

12.02%

—

Volatility (1Y)

Calculated over the trailing 1-year period

14.71%

13.75%

+0.96%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.71%

13.91%

+0.80%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

14.71%

15.30%

-0.59%

IFLO vs. DBAW - Expense Ratio Comparison

IFLO has a 0.56% expense ratio, which is higher than DBAW's 0.41% expense ratio.

Dividends

IFLO vs. DBAW - Dividend Comparison

IFLO's dividend yield for the trailing twelve months is around 1.48%, less than DBAW's 1.64% yield.

PositionTTM20252024202320222021202020192018201720162015
DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF		1.64%3.83%1.70%3.45%8.81%2.05%2.08%2.91%2.93%2.41%1.99%5.74%
IFLO
VictoryShares International Free Cash Flow ETF		1.48%0.73%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%

Frequently Asked Questions

IFLO and DBAW have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, DBAW is cheaper at 0.41% per year. The better choice depends on whether you care most about return, fees, risk, or income.

DBAW is cheaper with a 0.41% expense ratio, compared with 0.56% for IFLO.

DBAW has the higher dividend yield at 1.64%, compared with 1.48% for IFLO.

They also come from different issuers: VictoryShares and Deutsche Bank. Their fees differ too: 0.56% for IFLO and 0.41% for DBAW.

Portfolio Optimizer

Find the right allocation for IFLO and DBAW

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