ITOL vs. DBAW
ITOL (Tema International Durable Quality ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. ITOL is actively managed, while DBAW is passively managed. A 0.71 correlation means they provide meaningful diversification when combined. ITOL charges 0.60%/yr vs 0.41%/yr for DBAW.
Performance
ITOL vs. DBAW - Performance Comparison
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Returns By Period
In the year-to-date period, ITOL achieves a 0.58% return, which is significantly lower than DBAW's 16.80% return.
ITOL
- 1D
- 0.00%
- 1M
- 0.00%
- 6M
- -2.23%
- YTD
- 0.58%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBAW
- 1D
- 0.37%
- 1M
- 1.53%
- 6M
- 13.02%
- YTD
- 16.80%
- 1Y
- 33.10%
- 3Y*
- 21.44%
- 5Y*
- 11.52%
- 10Y*
- 11.29%
ITOL vs. DBAW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ITOL Tema International Durable Quality ETF | 0.58% | 3.85% |
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 16.80% | 8.73% |
Correlation
The correlation between ITOL and DBAW is 0.71, 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 Sep 11, 2025 | 0.71 |
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Return for Risk
ITOL vs. DBAW — Risk / Return Rank
ITOL
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
DBAW
ITOL vs. DBAW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Tema International Durable Quality ETF (ITOL) 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.
| ITOL | DBAW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | — | — | |
| Sortino ratioReturn per unit of downside risk | — | — | |
| Omega ratioGain probability vs. loss probability | — | 1.44 | — |
| Calmar ratioReturn relative to maximum drawdown | — | 3.64 | — |
| Martin ratioReturn relative to average drawdown | — | 14.34 | — |
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Drawdowns
ITOL vs. DBAW - Drawdown Comparison
The maximum ITOL drawdown since its inception was -15.54%, smaller than the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for ITOL and DBAW.
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Drawdown Indicators
| ITOL | DBAW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -15.54% | -31.44% | +15.90% |
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 | -5.46% | -2.15% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -3.80% | -4.97% | +1.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 2.28% | — |
Volatility
ITOL vs. DBAW - Volatility Comparison
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Volatility by Period
| ITOL | DBAW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 5.83% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.57% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 16.74% | 14.29% | +2.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.74% | 13.99% | +2.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 15.18% | +1.56% |
ITOL vs. DBAW - Expense Ratio Comparison
ITOL has a 0.60% expense ratio, which is higher than DBAW's 0.41% expense ratio.
Dividends
ITOL vs. DBAW - Dividend Comparison
ITOL's dividend yield for the trailing twelve months is around 0.13%, less than DBAW's 1.68% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 1.68% | 3.83% | 1.70% | 3.45% | 8.81% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% |
ITOL Tema International Durable Quality ETF | 0.13% | 0.13% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ITOL and DBAW have a correlation of 0.71, 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 0.60% for ITOL.
DBAW has the higher dividend yield at 1.68%, compared with 0.13% for ITOL.
They also come from different issuers: Tema and Deutsche Bank. Their fees differ too: 0.60% for ITOL and 0.41% for DBAW.
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