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DBEF
Xtrackers MSCI EAFE Currency-Hedged Equity Fund

Price: $33.53
Change: $0.1 (-0.0%)
Category: Foreign Large Cap Equities
Last Updated:

Vitals

Investment Themes

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $22.28
  • 52 Week Hi $34.35
  • AUM $3,757.7 M
  • Shares 111.8 M

Analyst Report

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.

Historical Trading Data

  • 1 Month Avg. Volume 672,286
  • 3 Month Avg. Volume 701,267

Alternative ETFs in the Foreign Large Cap Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPDW 0.04% $9.0 B 2 M 6.93%
Largest (AUM) VEA 0.05% $85.0 B 8 M 6.62%
Most Liquid (Volume) EFA 0.32% $51.4 B 23 M 5.05%
Top YTD Performer EMQQ 0.86% $1.3 B 280,239 71.93%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to the peer group ETFdb.com Category.

886
Number of Holdings
11.78%
% Assets in Top 10
15.68%
% Assets in Top 15
33.18%
% Assets in Top 50
 
View Detailed Analysis
 
Number of Holdings
886
Rank
27 of 138
Low
TLEH (1)
High
VXUS (6977)
% Assets in Top 10
11.78%
Rank
38 of 138
Low
ISZE (2.31%)
High
HEFA (100.00%)
% Assets in Top 15
15.68%
Rank
98 of 138
Low
ISZE (3.16%)
High
HEFA (100.00%)
% Assets in Top 50
33.18%
Rank
100 of 138
Low
ISZE (8.20%)
High
IMOM (100.02%)

 
View Summary Analysis
 

Sector Breakdown

Asset Percentage
Common equity 96.3%
ETF Cash Component 3.13%
Preferred stock 0.57%
Sector Percentage
Financials 14.19%
Healthcare 13.87%
Industrials 13.83%
Consumer, Non-Cyclical 11.3%
Consumer, Cyclical 10.21%
Technology 8.19%
Basic Materials 6.86%
Communications 5.28%
Other 3.77%
Utilities 3.73%
ETF Cash Component 3.13%
Real Estate 2.88%
Energy 2.76%
Market Cap Percentage
Large cap 88.75%
Mid cap 7.66%
ETF Cash Component 3.13%
Small cap 0.45%
Unknown 0.02%
Region Percentage
Europe 59.8%
Asia-Pacific 35.26%
ETF Cash Component 3.13%
North America 0.69%
Middle East 0.47%
Asia 0.36%
Africa 0.31%
Region Percentage
Developed Markets (ex-US) 95.46%
ETF Cash Component 3.13%
United States 0.69%
Emerging Markets 0.65%
Not-designated 0.08%
Country Percentage
Japan 25.07%
United Kingdom 12.11%
Switzerland 10.57%
France 9.72%
Germany 9.17%
Australia 6.15%
Netherlands 5.08%
ETF Cash Component 3.13%
Sweden 3.04%
Hong Kong 2.74%
Denmark 2.44%
Spain 2.11%
Italy 1.97%
Finland 1.26%
Singapore 0.96%
Belgium 0.74%
United States 0.69%
Norway 0.56%
Ireland 0.54%
Israel 0.47%
China 0.32%
South Africa 0.31%
New Zealand 0.3%
Portugal 0.16%
Austria 0.15%
Luxembourg 0.13%
Liechtenstein 0.04%
Papua New Guinea 0.03%
Malaysia 0.02%
Macao 0.02%
 
View Less Charts
 
Asset Percentage
Common equity 96.3%
ETF Cash Component 3.13%
Preferred stock 0.57%
 
View More Charts
 

DBEF Valuation

This section shows how the P/E multiple of this ETF compares to the peer group ETFdb.com Category.

P/E Ratio
19.92
Rank
114 of 136
Low
GVAL (6.24)
High
CHB (51.95)

DBEF Dividend

This section shows how the dividend yield of this ETF compares to the peer group ETFdb.com Category.

Dividend
$0.37
Dividend Date
2020-06-26
Annual Dividend Rate
$0.72

$0.37
Dividend
2020-06-26
Dividend Date
$0.72
Annual Dividend Rate
Annual Dividend Yield
2.13%
Rank
79 of 130
Low
AADR (0.11%)
High
AFK (6.45%)

DBEF Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: -71.61 M 3 Month Net Flows: -262.35 M 6 Month Net Flows: -525.74 M 1 Year Net Flows: -1.18 B 3 Year Net Flows: -3.24 B 5 Year Net Flows: -10.54 B 10 Year Net Flows: 3.9 B

Realtime Rating

The 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 ETFdb Pro members, shows the ETF in the Foreign Large Cap 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 ETFdb Pro. To view information on how the ETFdb Realtime Ratings work, click here.

Sign Up for Pro to Unlock Data Sign Up
Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity A n/a
Expenses B+ n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBEF Expenses & Fees

This section compares the cost efficiency of this ETF to peers in the same ETFdb.com Category.

Expenses Ratio Analysis

ETF Average
0.534%
ETF Wtd. Average
-0.13%
Category Average
0.44%
Expense Ratio
0.35%
Rank
54 of 135
Low
BKIE (0.04%)
High
AADR (1.10%)
ESG Themes and Scores
7.29/10
ESG Score
87.65%
Global Percentile
56.78%
Peer Percentile
Environmental
Social
Governance
  • Environmental Scores
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      7.29%
      Higher is better, no ESG score impact
    Carbon Intensity
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      132.3
      Higher is worse, no ESG score impact
    Fossil Fuel Reserves
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    Water Stress
    • Water Stress High Risk Business Segment (%)
      Lower improves ESG score
    • Water Stress High Risk Geography (%)
      Lower improves ESG score
    • Water Stress Exposure Moderate (%)
      Lower improves ESG score
    • Water Stress Exposure High (%)
      Lower improves ESG score
    • Water Stress Exposure Low (%)
      Higher improves ESG score
    Energy Efficiency
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    Alternative Energy
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    Green Building
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    Pollution Prevention
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    Water Sustainability
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
  • Social Scores
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      7.29%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      11.13%
      Higher is worse, no ESG score impact
    Affordable Real Estate
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    Education
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    Major Disease Treatment
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    Healthy Nutrition
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    Global Sanitation
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    SME Finance
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    Human Rights Violations
    • Human Rights Norms Violation (%)
      Higher is worse, no ESG score impact
    • Human Rights Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Human Rights Controversies (%)
      Lower improves ESG score
    Labor Rights Violations
    • Labor Norms Violation (%)
      Higher is worse, no ESG score impact
    • Labor Norms Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    • Severe Labor Controversies (%)
      Lower improves ESG score
    Customer Controversies
    • Severe Customer Controversies (%)
      Lower improves ESG score
    UN Principles Violations
    • Global Compact Compliance Violation (%)
      Higher is worse, no ESG score impact
    • Global Compact Compliance Violation OR Watch List (%)
      Higher is worse, no ESG score impact
    Catholic Values
    • Catholic Values Fail (%)
      Higher is worse, no ESG score impact
    Sharia Compliant Investing
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    Adult Entertainment
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    Alcohol
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    Gambling
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    Nuclear Power
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    Tobacco
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    Weapons Involvement
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    Firearms
    • Civilian Firearms Involvement (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Retailer (%)
      Higher is worse, no ESG score impact
    • Civilian Firearms Producer (%)
      Higher is worse, no ESG score impact
    Predatory Lending
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    GMO Involvement
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
  • Responsible Governance Score
    • Severe Governance Controversies (%)
      Lower improves ESG score
    Board Flag
    • Board Flag (%)
      Lower improves ESG score
    Board Independence
    • Lack of Independent Board Majority (%)
      Lower improves ESG score
    • Board Independence (0-25%) (%)
      Lower improves ESG score
    • Board Independence (25-50%) (%)
      Lower improves ESG score
    • Board Independence (50-75%) (%)
      Higher improves ESG score
    • Board Independence (75-100%) (%)
      Higher improves ESG score
    Board Diversity
    • No Female Directors (%)
      Lower improves ESG score
    • Three OR More Female Directors (%)
      Higher improves ESG score
    • Females Represent 30% of Directors (%)
      Higher improves ESG score
    Entrenched Board
    • Entrenched Board (%)
      Lower improves ESG score
    Overboarding
    • Overboarding (%)
      Lower improves ESG score
    Shareholder Rights
    • Negative Director Votes (%)
      Lower improves ESG score
    • Ownership AND Control Flag (%)
      Lower improves ESG score
    • One Share One Vote (%)
      Lower improves ESG score
    • No Annual Director Elections (%)
      Lower improves ESG score
    • Does Not Use Majority Voting (%)
      Lower improves ESG score
    • Significant Votes Against Pay Practices (%)
      Lower improves ESG score
    Fund Ownership
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    Poison Pill
    • Poison Pill (%)
      Lower improves ESG score
    Executive Compensation
    • Pay Flag (%)
      Lower improves ESG score
    • No Pay Performance Link (%)
      Lower improves ESG score
    • Lack of Internal Pay Equity (%)
      Lower improves ESG score
    • Executive Pay Non-Disclosure (%)
      Lower improves ESG score
    Accounting Flags
    • Accounting Flag (%)
      Lower improves ESG score

DBEF Performance

This section shows how this ETF has performed relative to its peer group ETFdb.com Category.

-0.18%
1 Week Return
7.30%
4 Week Return
9.47%
13 Week Return
9.40%
26 Week Return
0.47%
Year to Date Return
2.58%
1 Year Return
15.26%
3 Year Return
35.53%
5 Year Return
 
View Detailed Analysis
 
1 Week Return
-0.18%
Rank
122 of 135
Low
KESG (-1.94%)
High
IMOM (4.29%)
4 Week Return
7.30%
Rank
74 of 137
Low
CHB (-5.02%)
High
EFAS (19.01%)
13 Week Return
9.47%
Rank
98 of 136
Low
IDY (-1.04%)
High
KEMX (19.14%)
26 Week Return
9.40%
Rank
123 of 133
Low
IJUL (4.57%)
High
EMQQ (44.71%)
Year to Date Return
0.47%
Rank
85 of 131
Low
DMDV (-21.15%)
High
EMQQ (71.93%)
1 Year Return
2.58%
Rank
88 of 129
Low
HDMV (-9.41%)
High
EMQQ (84.86%)
3 Year Return
15.26%
Rank
24 of 104
Low
ECH (-33.59%)
High
FPXI (86.33%)
5 Year Return
35.53%
Rank
36 of 71
Low
ECH (-2.36%)
High
EMQQ (157.44%)

 
View Summary Analysis
 

DBEF Price and Volume Chart

DBEF Technicals

Volatility Analysis

This section shows how the volatility of this ETF compares to the peer group ETFdb.com Category.

 
View Detailed Analysis
 
5 Day Volatility
84.23%
Rank
42 of 137
Low
DMRE (6.84%)
High
GVAL (252.58%)
20 Day Volatility
17.93%
Rank
61 of 137
Low
IJUL (3.80%)
High
DWCR (59.71%)
50 Day Volatility
16.68%
Rank
78 of 134
Low
IJUL (7.65%)
High
DWCR (69.30%)
200 Day Volatility
15.66%
Rank
99 of 132
Low
IJUL (7.06%)
High
DWCR (50.74%)
Beta
0.7
Rank
119 of 135
Low
CEFA (-1.03)
High
IDY (1.48)
Standard Deviation
2.40%
Rank
84 of 127
Low
IJUL (0.99%)
High
EMQQ (9.38%)

 
View Summary Analysis
 

Technicals

  • 20 Day MA $32.98
  • 60 Day MA $31.47
  • MACD 15 Period 0.25
  • MACD 100 Period 2.33
  • Williams % Range 10 Day 28.40
  • Williams % Range 20 Day 8.78
  • RSI 10 Day 63
  • RSI 20 Day 63
  • RSI 30 Day 61
  • Ultimate Oscillator 59

Bollinger Brands

  • Lower Bollinger (10 Day) $33.03
  • Upper Bollinger (10 Day) $33.88
  • Lower Bollinger (20 Day) $31.63
  • Upper Bollinger (20 Day) $34.35
  • Lower Bollinger (30 Day) $29.06
  • Upper Bollinger (30 Day) $35.02

Support & Resistance

  • Support Level 1 $33.47
  • Support Level 2 $33.40
  • Resistance Level 1 $33.63
  • Resistance Level 2 $33.72

Stochastic

  • Stochastic Oscillator %D (1 Day) 43.76
  • Stochastic Oscillator %D (5 Day) 68.07
  • Stochastic Oscillator %K (1 Day) 51.90
  • Stochastic Oscillator %K (5 Day) 70.38

Fact Sheet

Fact sheets are issued by the ETF provider and framed by ETFdb.com. Information contained within the fact sheet is not guaranteed to be timely or accurate.

Download the fact sheet PDF

Disclosures

Copyright © 2020 FactSet Research Systems Inc. All rights reserved.

Copyright MSCI ESG Research LLC [2018]. All Rights Reserved. MSCI ESG Research LLC’s (“MSCI ESG”) Fund Metrics products (the “Information”) provide environmental, social and governance data with respect to underlying securities within more than 23,000 multi-asset class Mutual Funds and ETFs globally. MSCI ESG is a Registered Investment Adviser under the Investment Advisers Act of 1940. MSCI ESG materials have not been submitted, to nor received approval from, the US SEC or any other regulatory body. None of the information constitutes an offer to buy or sell, or a promotion or recommendation of, any security, financial instrument or product or trading strategy, nor should it be taken as an indication or guarantee of any future performance, analysis, forecast or prediction. None of the Information can be used to determine which securities to buy or sell or when to buy or sell them. The Information is provided “as is” and the user of the Information assumes the entire risk of any use it may make or permit to be made of the Information. All Information is provided solely for your internal use, and may not be reproduced or redisseminated in any form without express prior written permission from MSCI. Neither MSCI ESG nor any of its affiliates or any third party involved in or related to creating any Information makes any express or implied warranties, representations or guarantees, and in no event will MSCI ESG or any such affiliate or third party have any liability for any direct, indirect, special, punitive, consequential or any other damages (including lost profits) relating to any Information. More information on MSCI ESG Fund Metrics, provided by MSCI ESG Research LLC, can be found at https://www.msci.com/esg-fund-metrics.
© 2020 Market data provided is at least 15-minutes delayed and hosted by Barchart Solutions.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use, please see disclaimer.
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