PHDG vs. DBEF
Compare and contrast key facts about Invesco S&P 500® Downside Hedged ETF (PHDG) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF).
PHDG and DBEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. PHDG is an actively managed fund by Invesco. It was launched on Dec 6, 2012. DBEF is a passively managed fund by DWS that tracks the performance of the MSCI EAFE US Dollar Hedged Index. It was launched on Jun 9, 2011.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: PHDG or DBEF.
Correlation
The correlation between PHDG and DBEF is 0.52, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
PHDG vs. DBEF - Performance Comparison
Key characteristics
PHDG:
1.27
DBEF:
1.28
PHDG:
1.92
DBEF:
1.75
PHDG:
1.25
DBEF:
1.23
PHDG:
1.40
DBEF:
1.46
PHDG:
6.01
DBEF:
6.65
PHDG:
2.28%
DBEF:
2.15%
PHDG:
10.77%
DBEF:
11.14%
PHDG:
-17.70%
DBEF:
-32.46%
PHDG:
-3.11%
DBEF:
-2.60%
Returns By Period
The year-to-date returns for both investments are quite close, with PHDG having a 12.71% return and DBEF slightly higher at 13.00%. Over the past 10 years, PHDG has underperformed DBEF with an annualized return of 4.79%, while DBEF has yielded a comparatively higher 8.58% annualized return.
PHDG
12.71%
0.66%
1.82%
13.07%
7.68%
4.79%
DBEF
13.00%
0.48%
0.98%
13.58%
9.33%
8.58%
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PHDG vs. DBEF - Expense Ratio Comparison
PHDG has a 0.40% expense ratio, which is higher than DBEF's 0.36% expense ratio.
Risk-Adjusted Performance
PHDG vs. DBEF - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco S&P 500® Downside Hedged ETF (PHDG) 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.
Dividends
PHDG vs. DBEF - Dividend Comparison
PHDG's dividend yield for the trailing twelve months is around 1.46%, more than DBEF's 0.57% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PHDG Invesco S&P 500® Downside Hedged ETF | 1.46% | 1.93% | 1.35% | 0.44% | 0.63% | 1.80% | 1.56% | 1.83% | 2.29% | 1.65% | 5.45% | 1.76% |
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 0.57% | 4.45% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.56% | 3.70% | 5.09% | 1.48% |
Drawdowns
PHDG vs. DBEF - Drawdown Comparison
The maximum PHDG drawdown since its inception was -17.70%, smaller than the maximum DBEF drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for PHDG and DBEF. For additional features, visit the drawdowns tool.
Volatility
PHDG vs. DBEF - Volatility Comparison
Invesco S&P 500® Downside Hedged ETF (PHDG) has a higher volatility of 3.74% compared to Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) at 2.68%. This indicates that PHDG'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.