RLY vs. DBEF
Compare and contrast key facts about SPDR SSgA Multi-Asset Real Return ETF (RLY) and Xtrackers MSCI EAFE Hedged Equity ETF (DBEF).
RLY and DBEF are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. RLY is an actively managed fund by State Street. It was launched on Apr 25, 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.
Performance
RLY vs. DBEF - Performance Comparison
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RLY vs. DBEF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 14.90% | 20.26% | 2.53% | 2.56% | 7.86% | 22.85% | -0.59% | 15.63% | -11.72% | 10.40% |
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 4.36% | 23.16% | 13.40% | 20.15% | -5.13% | 19.60% | 2.03% | 24.94% | -9.52% | 16.74% |
Returns By Period
In the year-to-date period, RLY achieves a 14.90% return, which is significantly higher than DBEF's 4.36% return. Over the past 10 years, RLY has underperformed DBEF with an annualized return of 8.81%, while DBEF has yielded a comparatively higher 11.84% annualized return.
RLY
- 1D
- -0.14%
- 1M
- -0.48%
- YTD
- 14.90%
- 6M
- 19.17%
- 1Y
- 30.37%
- 3Y*
- 13.06%
- 5Y*
- 12.01%
- 10Y*
- 8.81%
DBEF
- 1D
- 1.64%
- 1M
- -2.96%
- YTD
- 4.36%
- 6M
- 10.23%
- 1Y
- 22.76%
- 3Y*
- 17.05%
- 5Y*
- 12.72%
- 10Y*
- 11.84%
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RLY vs. DBEF - Expense Ratio Comparison
RLY has a 0.50% expense ratio, which is higher than DBEF's 0.36% expense ratio.
Return for Risk
RLY vs. DBEF — Risk / Return Rank
RLY
DBEF
RLY vs. DBEF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR SSgA Multi-Asset Real Return ETF (RLY) 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.
| RLY | DBEF | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 2.31 | 1.38 | +0.93 |
Sortino ratioReturn per unit of downside risk | 3.01 | 1.95 | +1.05 |
Omega ratioGain probability vs. loss probability | 1.47 | 1.30 | +0.17 |
Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.92 | +1.18 |
Martin ratioReturn relative to average drawdown | 18.32 | 8.42 | +9.90 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| RLY | DBEF | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.31 | 1.38 | +0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.89 | 0.94 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.64 | 0.75 | -0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.37 | 0.53 | -0.17 |
Correlation
The correlation between RLY and DBEF is 0.58, 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.
Dividends
RLY vs. DBEF - Dividend Comparison
RLY's dividend yield for the trailing twelve months is around 2.92%, less than DBEF's 5.32% yield.
| TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
RLY SPDR SSgA Multi-Asset Real Return ETF | 2.92% | 3.24% | 3.31% | 3.71% | 5.66% | 12.15% | 2.16% | 3.45% | 2.76% | 1.85% | 2.07% | 1.80% |
DBEF Xtrackers MSCI EAFE Hedged Equity ETF | 5.32% | 5.55% | 1.29% | 4.46% | 15.85% | 2.28% | 2.41% | 3.03% | 3.22% | 2.98% | 2.55% | 3.70% |
Drawdowns
RLY vs. DBEF - Drawdown Comparison
The maximum RLY drawdown since its inception was -37.75%, which is greater than DBEF's maximum drawdown of -32.46%. Use the drawdown chart below to compare losses from any high point for RLY and DBEF.
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Drawdown Indicators
| RLY | DBEF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.75% | -32.46% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -9.94% | -11.87% | +1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -18.94% | -14.95% | -3.99% |
Max Drawdown (10Y)Largest decline over 10 years | -34.17% | -32.46% | -1.71% |
Current DrawdownCurrent decline from peak | -0.48% | -4.33% | +3.85% |
Average DrawdownAverage peak-to-trough decline | -9.56% | -4.77% | -4.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 2.72% | -1.04% |
Volatility
RLY vs. DBEF - Volatility Comparison
The current volatility for SPDR SSgA Multi-Asset Real Return ETF (RLY) is 3.03%, while Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) has a volatility of 5.97%. This indicates that RLY experiences smaller price fluctuations and is considered to be less risky than DBEF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| RLY | DBEF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 5.97% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 8.54% | 9.46% | -0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 16.60% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.60% | 13.63% | -0.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.82% | 15.82% | -2.00% |