This ETF offers exposure to developed equity markets outside of the U.S., making DBEF one of many products offering exposure to an asset class that is often a core component of long-term, buy-and-hold portfolios. This fund is unique from other EAFE ETFs such as EFA and VEA because it hedges out the currency exposure that an investment in international equities entails. In addition to establishing a long position in international stocks, investors using most EAFE ETFs are also going long the currencies of the underlying stocks (including the euro, yen, Aussie dollar, and pound sterling) and short the U.S. dollar. DBEF uses short term forward contracts to neutralize the impact of exchange rate fluctuations, essentially isolating the performance of the developed market stocks as the driver of returns. While this difference may seem minor, the impact of currency movements on equities can be significant sources of return—both positive and negative—to U.S. based investors. Though DBEF’s portfolio is nearly identical to those of VEA and EFA, the risk/return profiles of these products can vary significantly.
Investors who expect the U.S. dollar to strengthen relative to its developed market rivals may prefer DBEF as the optimal means of establishing exposure to the EAFE region, as this fund should outperform EFA when the U.S. currency appreciates. Those with a bearish outlook for the greenback may prefer to leave currency exposure unhedged, utilizing a fund such as EFA instead. Those investors without a strong view in either direction might use a mix of both hedged and unhedged EAFE ETFs (eg 50% in DBEF and 50% in EFA).
Given the broad focus of this ETF, DBEF might be very useful to those building a long-term portfolio; the EAFE region generally receives a big weighting in most portfolios. DBEF can also be useful for establishing a currency-neutral tactical tilt towards this corner of the global equity market. Note that WisdomTree’s HEDJ also delivers currency hedged exposure to ex-U.S. developed markets; that ETF is linked to a dividend-weighted index, and as such might be appealing to those looking to steer clear of cap-weighted products.
| Segment | Equity: Developed Markets Ex-North America - Total Market |
| Category | Size and Style |
| Focus | Total Market |
| Niche | Broad-based |
| Strategy | Currency Hedged Vanilla |
| Weighting Scheme | Market Cap |
This section compares how balanced and deep this ETF is relative to its peers.
| DBEF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 800 | 218 | 458 |
| % of Assets in Top 10 | 16.46% | 47.55% | 41.06% |
| % of Assets in Top 15 | 21.03% | 56.74% | 45.17% |
| % of Assets in Top 50 | 39.09% | 81.51% | 63.50% |
| DBEF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 81.18% | 61.53% | 54.37% |
| Mid (>2.7B) | 14.32% | 22.44% | 15.42% |
| Small (>600M) | 0.00% | 7.55% | 1.64% |
| Micro (<600M) | 0.00% | 0.85% | 0.05% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| DBEF | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.14 | $ 0.34 | $ 0.30 |
| Dividend Date | 2022-12-16 | N/A | N/A |
| Annual Dividend Rate | $ 5.11 | $ 1.32 | $ 1.28 |
| Annual Dividend Yield | 14.01% | 3.76% | 3.32% |
View charts featuring DBEF price and volume data.
View charts featuring ETF fund flow data.
5 Day Net Flows: 29.18 M 1 Month Net Flows: 93.93 M 3 Month Net Flows: 108.23 M 6 Month Net Flows: 16.06 M 1 Year Net Flows: 58.07 M 3 Year Net Flows: -330.88 M 5 Year Net Flows: -2.19 B 10 Year Net Flows: 3.97 BView charts that break down the influence that fund flows and price had on overall assets.
5 Day Net AUM Change: 93.67 MThe adjacent table gives investors an individual Realtime Rating for DBEF on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Europe Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.
| DBEF |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 0.75% | -4.86% | -2.05% |
| 3 Month Return | 2.98% | -1.94% | 1.77% |
| YTD Return | 12.75% | 8.10% | 8.08% |
| 1 Year Return | 10.97% | 2.58% | 4.45% |
| 3 Year Return | 11.75% | 6.44% | 4.42% |
| 5 Year Return | 7.69% | 2.59% | 1.87% |
The following charts reflect the geographic spread of DBEF's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 62.19% |
| Asia Pacific | 32.56% |
| Other | 4.28% |
| North, Central and South America | 1.04% |
| Country | Percentage |
|---|---|
| Japan | 21.72% |
| United Kingdom | 13.71% |
| France | 11.16% |
| Switzerland | 10.38% |
| Germany | 8.11% |
| Australia | 6.86% |
| Netherlands | 4.59% |
| Other | 4.56% |
| Sweden | 2.92% |
| Denmark | 2.9% |
| Spain | 2.45% |
| Hong Kong | 2.33% |
| Italy | 1.98% |
| Singapore | 1.37% |
| Ireland | 1.13% |
| Finland | 1.09% |
| Belgium | 0.75% |
| Israel | 0.62% |
| Norway | 0.59% |
| New Zealand | 0.25% |
| Luxembourg | 0.17% |
| Portugal | 0.17% |
| Austria | 0.12% |
| Bermuda | 0.08% |
| Macao | 0.06% |
The following charts reflect the allocation of DBEF's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 19.88% |
| Health Technology | 12.66% |
| Consumer Non-Durables | 11.18% |
| Producer Manufacturing | 7.66% |
| Electronic Technology | 7.39% |
| Consumer Durables | 5.63% |
| Energy Minerals | 3.98% |
| Technology Services | 3.83% |
| Non-Energy Minerals | 3.44% |
| Process Industries | 3.33% |
| Utilities | 3.2% |
| Other | 2.71% |
| Communications | 2.65% |
| Retail Trade | 2.54% |
| Transportation | 2.11% |
| Commercial Services | 1.83% |
| Consumer Services | 1.6% |
| CASH | 1.57% |
| Distribution Services | 1.49% |
| Industrial Services | 0.85% |
| Miscellaneous | 0.28% |
| Health Services | 0.26% |
| Market Cap | Percentage |
|---|---|
| Large | 81.18% |
| Mid | 14.32% |
| Small | 0.0% |
| Micro | 0.0% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 93.11% |
| Other | 2.71% |
| Preferred Equity | 2.03% |
| CASH | 1.57% |
| Open-ended Fund | 0.28% |
| American Depositary Receipt | 0.2% |
| Depositary Receipts/Certificates | 0.12% |
| Unit | 0.04% |
| Warrant | 0.01% |
| Sector | Percentage |
|---|---|
| Finance | 19.88% |
| Health Technology | 12.66% |
| Consumer Non-Durables | 11.18% |
| Producer Manufacturing | 7.66% |
| Electronic Technology | 7.39% |
| Consumer Durables | 5.63% |
| Energy Minerals | 3.98% |
| Technology Services | 3.83% |
| Non-Energy Minerals | 3.44% |
| Process Industries | 3.33% |
| Utilities | 3.2% |
| Other | 2.71% |
| Communications | 2.65% |
| Retail Trade | 2.54% |
| Transportation | 2.11% |
| Commercial Services | 1.83% |
| Consumer Services | 1.6% |
| CASH | 1.57% |
| Distribution Services | 1.49% |
| Industrial Services | 0.85% |
| Miscellaneous | 0.28% |
| Health Services | 0.26% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
| 5 Day Volatility | 121.87% |
| 20 Day Volatility | 13.16% |
| 50 Day Volatility | 11.53% |
| 200 Day Volatility | 12.19% |
| Beta | 0.71 |
| Standard Deviation | 2.03% |
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
Fact sheets are issued by the ETF provider and framed by ETF Database. Information contained within the fact sheet is not guaranteed to be timely or accurate.
Here is a look at ETFs that currently offer attractive income opportunities. The high-yield...
Here is a look at ETFs that currently offer attractive income opportunities. The high-yield...
As of the end of August, from a market-cap perspective, 61% of global equities were invested in...
ETF Trends and ETF Database , the preeminent digital platforms for ETF news, research, tools, video, webcasts, native content channels, and more. The ETF Trends and ETF Database brands have been trusted amongst advisors, institutional investors, and individual investors for a combined 25 years. The firms are uniquely positioned to aid advisor’s education, adoption, and usage of ETFs, as well as the asset management community’s transition from traditionally analog to digital interactions with the advisor community.
Our team at ETF Database is committed to making our website the premier source of information on ETF investing with the world’s highest quality ETF tools, content, and resources.
ETF Database analysts have a combined 50 years in the ETF and Financial markets, covering every asset class and investment style. The team monitors new filings, new launches and new issuers to make sure we place each new ETF in the appropriate context so Financial Advisors can construct high quality portfolios.
Copyright © 2023 FactSet Research Systems Inc. All rights reserved.
A long-running debate in asset allocation circles is how much of a portfolio an investor should...
In a digital age where information moves in milliseconds and millions of participants can transact...