PTEU vs. DBEU
PTEU (Pacer Trendpilot European Index ETF) and DBEU (Xtrackers MSCI Europe Hedged Equity Fund) are both Europe Equities funds - PTEU tracks the Pacer Trendpilot European Index while DBEU tracks the MSCI Europe US Dollar Hedged Index. Both are passively managed. Over the past 10 years, PTEU returned 5.89%/yr vs 11.33%/yr for DBEU. Their 0.62 correlation means they have sometimes moved together and sometimes differently. PTEU charges 0.65%/yr vs 0.45%/yr for DBEU.
Performance
PTEU vs. DBEU - Performance Comparison
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Returns By Period
In the year-to-date period, PTEU achieves a 10.32% return, which is significantly lower than DBEU's 13.88% return. Over the past 10 years, PTEU has underperformed DBEU with an annualized return of 5.89%, while DBEU has yielded a comparatively higher 11.33% annualized return.
PTEU
- 1D
- 0.81%
- 1M
- 1.21%
- 6M
- 5.17%
- YTD
- 10.32%
- 1Y
- 24.33%
- 3Y*
- 11.09%
- 5Y*
- 8.07%
- 10Y*
- 5.89%
- ALL TIME*
- 4.48%
DBEU
- 1D
- 0.74%
- 1M
- 0.86%
- 6M
- 8.95%
- YTD
- 13.88%
- 1Y
- 26.92%
- 3Y*
- 17.09%
- 5Y*
- 11.77%
- 10Y*
- 11.33%
- ALL TIME*
- 9.91%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $2.56M | $1.97M | $2.43M | |
| $86.29K | $73.37K | $51.50K |
PTEU vs. DBEU - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
PTEU Pacer Trendpilot European Index ETF | 10.32% | 30.80% | -0.50% | 12.45% | -7.46% | 13.43% | -19.41% | 13.50% | -16.87% | 28.91% |
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 13.88% | 22.18% | 9.17% | 17.43% | -6.25% | 23.99% | -1.42% | 27.32% | -8.49% | 14.60% |
Correlation
The correlation between PTEU and DBEU is 0.82, meaning they have usually moved in the same direction, including during past declines.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.82 |
Correlation (3Y) Balances recent behavior with more history. | 0.77 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.69 |
Correlation (10Y) Provides a long-term view across more market conditions. | 0.65 |
Correlation (All Time) Calculated using the full available price history since Jan 4, 2016 | 0.62 |
Over the past year, PTEU and DBEU have become more correlated (0.82) than their long-term average of 0.62, meaning their price movements have been converging.
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Return for Risk
PTEU vs. DBEU — Risk / Return Rank
PTEU
DBEU
PTEU vs. DBEU - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Pacer Trendpilot European Index ETF (PTEU) and Xtrackers MSCI Europe Hedged Equity Fund (DBEU). 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.
| PTEU | DBEU | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.86 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.37 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 2.76 | -0.85 |
| Martin ratioReturn relative to average drawdown | 6.67 | 11.26 | -4.59 |
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Drawdowns
PTEU vs. DBEU - Drawdown Comparison
The maximum PTEU drawdown since its inception was -35.45%, roughly equal to the maximum DBEU drawdown of -34.50%. Use the drawdown chart below to compare losses from any high point for PTEU and DBEU.
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Drawdown Indicators
| PTEU | DBEU | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.45% | -34.50% | -0.95% |
Max Drawdown (1Y)Largest decline over 1 year | -12.82% | -9.81% | -3.01% |
Max Drawdown (3Y)Largest decline over 3 years | -15.04% | -15.35% | +0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -15.04% | -17.67% | +2.63% |
Max Drawdown (10Y)Largest decline over 10 years | -35.45% | -34.50% | -0.95% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -14.30% | -4.40% | -9.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 2.40% | +1.25% |
Volatility
PTEU vs. DBEU - Volatility Comparison
Pacer Trendpilot European Index ETF (PTEU) has a higher volatility of 4.75% compared to Xtrackers MSCI Europe Hedged Equity Fund (DBEU) at 3.67%. This indicates that PTEU's price experiences larger fluctuations and is considered to be riskier than DBEU based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| PTEU | DBEU | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.67% | +1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 14.90% | 11.15% | +3.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.24% | 13.13% | +4.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.27% | 14.39% | +0.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.62% | 16.25% | -1.63% |
PTEU vs. DBEU - Expense Ratio Comparison
PTEU has a 0.65% expense ratio, which is higher than DBEU's 0.45% expense ratio.
Dividends
PTEU vs. DBEU - Dividend Comparison
PTEU's dividend yield for the trailing twelve months is around 1.74%, more than DBEU's 1.39% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBEU Xtrackers MSCI Europe Hedged Equity Fund | 1.39% | 4.55% | 0.07% | 3.64% | 1.96% | 1.87% | 2.44% | 2.77% | 3.55% | 2.28% | 9.92% | 5.50% |
PTEU Pacer Trendpilot European Index ETF | 1.74% | 1.92% | 3.49% | 2.74% | 0.69% | 1.55% | 0.00% | 3.43% | 1.86% | 0.60% | 0.00% | 0.00% |
Frequently Asked Questions
PTEU and DBEU have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
PTEU has higher volatility (4.75%) compared to DBEU (3.67%). In terms of maximum drawdown, PTEU dropped -35.45% vs DBEU's -34.50%.
On 10-year performance, DBEU leads with 11.33% vs 5.89% for PTEU. On fees, DBEU is cheaper at 0.45% per year. On volatility, DBEU has been the lower-risk option at 3.67%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 10-year period, DBEU has performed better with a 11.33% return vs 5.89%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DBEU is cheaper with a 0.45% expense ratio, compared with 0.65% for PTEU.
PTEU has the higher dividend yield at 1.74%, compared with 1.39% for DBEU.
PTEU tracks Pacer Trendpilot European Index, while DBEU tracks MSCI Europe US Dollar Hedged Index. They also come from different issuers: Pacer and DWS. Their fees differ too: 0.65% for PTEU and 0.45% for DBEU.
DBEU currently has the higher Sharpe Ratio (2.06 vs 1.42), 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.
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