TLCI vs. DBAW
TLCI (Touchstone International Equity ETF) and DBAW (Xtrackers MSCI All World ex US Hedged Equity ETF) are both Foreign Large Cap Equities funds. TLCI is actively managed, while DBAW is passively managed. Over the past year, TLCI returned -0.25% vs 36.60% for DBAW. A 0.76 correlation means they provide meaningful diversification when combined. TLCI charges 0.37%/yr vs 0.41%/yr for DBAW.
Performance
TLCI vs. DBAW - Performance Comparison
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Returns By Period
In the year-to-date period, TLCI achieves a -0.42% return, which is significantly lower than DBAW's 16.12% return.
TLCI
- 1D
- -0.51%
- 1M
- 3.50%
- YTD
- -0.42%
- 6M
- -0.07%
- 1Y
- -0.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
DBAW
- 1D
- -0.51%
- 1M
- 6.28%
- YTD
- 16.12%
- 6M
- 18.39%
- 1Y
- 36.60%
- 3Y*
- 21.15%
- 5Y*
- 11.32%
- 10Y*
- 11.44%
TLCI vs. DBAW - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
TLCI Touchstone International Equity ETF | -0.42% | 3.99% |
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 16.12% | 18.42% |
Correlation
The correlation between TLCI and DBAW is 0.75, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 6, 2025 | 0.76 |
The correlation between TLCI and DBAW has been stable across timeframes, ranging from 0.75 to 0.76 - a consistent structural relationship.
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Return for Risk
TLCI vs. DBAW — Risk / Return Rank
TLCI
DBAW
TLCI vs. DBAW - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Touchstone International Equity ETF (TLCI) 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.
| TLCI | DBAW | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.87 | ||
| Sortino ratioReturn per unit of downside risk | -3.84 | ||
| Omega ratioGain probability vs. loss probability | 1.01 | 1.55 | -0.54 |
| Calmar ratioReturn relative to maximum drawdown | -0.02 | 4.09 | -4.11 |
| Martin ratioReturn relative to average drawdown | -0.06 | 16.97 | -17.03 |
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
| TLCI | DBAW | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.02 | 2.86 | -2.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.83 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.63 | -0.45 |
Drawdowns
TLCI vs. DBAW - Drawdown Comparison
The maximum TLCI drawdown since its inception was -12.15%, smaller than the maximum DBAW drawdown of -31.44%. Use the drawdown chart below to compare losses from any high point for TLCI and DBAW.
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Drawdown Indicators
| TLCI | DBAW | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.15% | -31.44% | +19.29% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -9.00% | -2.83% |
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 | -4.37% | -0.51% | -3.86% |
Average DrawdownAverage peak-to-trough decline | -2.84% | -5.00% | +2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.82% | 2.16% | +1.66% |
Volatility
TLCI vs. DBAW - Volatility Comparison
The current volatility for Touchstone International Equity ETF (TLCI) is 4.07%, while Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) has a volatility of 4.71%. This indicates that TLCI experiences smaller price fluctuations and is considered to be less risky than DBAW based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TLCI | DBAW | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.07% | 4.71% | -0.64% |
Volatility (6M)Calculated over the trailing 6-month period | 10.97% | 11.00% | -0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.22% | 12.88% | +0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.75% | 13.74% | +2.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.75% | 15.28% | +0.47% |
TLCI vs. DBAW - Expense Ratio Comparison
TLCI has a 0.37% expense ratio, which is lower than DBAW's 0.41% expense ratio.
Dividends
TLCI vs. DBAW - Dividend Comparison
TLCI's dividend yield for the trailing twelve months is around 0.60%, less than DBAW's 3.29% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF | 3.29% | 3.83% | 1.70% | 3.45% | 8.81% | 2.05% | 2.08% | 2.91% | 2.93% | 2.41% | 1.99% | 5.74% |
TLCI Touchstone International Equity ETF | 0.60% | 0.60% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
TLCI and DBAW have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
DBAW has higher volatility (4.71%) compared to TLCI (4.07%). In terms of maximum drawdown, TLCI dropped -12.15% vs DBAW's -31.44%.
On 1-year performance, DBAW leads with 36.60% vs -0.25% for TLCI. On fees, TLCI is cheaper at 0.37% per year. On volatility, TLCI has been the lower-risk option at 4.07%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DBAW has performed better with a 36.60% return vs -0.25%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
TLCI is cheaper with a 0.37% expense ratio, compared with 0.41% for DBAW.
DBAW has the higher dividend yield at 3.29%, compared with 0.60% for TLCI.
They also come from different issuers: Touchstone and Deutsche Bank. Their fees differ too: 0.37% for TLCI and 0.41% for DBAW.
DBAW currently has the higher Sharpe Ratio (2.86 vs -0.02), 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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