DBEM
Xtrackers MSCI Emerging Markets Hedged Equity ETF

Price: $27.99
Change: $0.21 (-0.01%)
Last Updated:

Vitals

Issuer Deutsche Bank
Brand Xtrackers
Structure ETF
Expense Ratio 0.66%
ETF Home Page Home page
Inception Jun 09, 2011

Analyst Report

This ETF offers exposure to emerging markets, making DBEM 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 similar to products such as EEM and VWO as far as the underlying portfolio; the overlap between these ETFs is nearly perfect. But DBEM is unique from other emerging markets ETFs 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 emerging markets ETFs are also going long the currencies of the underlying stocks (including the Brazilian real, Indian rupee, and Russian ruble) and short the U.S. dollar. DBEM uses short term forward contracts to neutralize the impact of exchange rate fluctuations, essentially isolating the local performance of the emerging market stocks as the driver of returns. While this difference may seem minor, the impact of currency movements on equities can be a significant source of return—both positive and negative—to U.S. based investors. Though DBEM’s portfolio is nearly identical to those of EEM and VWO, 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 DBEM as the optimal means of establishing exposure to the emerging markets region, as this fund should outperform EEM / VWO 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 EEM instead. Those investors without a strong view in either direction might use a mix of both hedged and unhedged EAFE ETFs (eg 50% in DBEM and 50% in EEM).


Given the broad focus of this ETF, DBEM might be very useful to those building a long-term portfolio; the EAFE region generally receives a big weighting in most portfolios. DBEM can also be useful for establishing a currency-neutral tactical tilt towards this corner of the global equity market.

ETF Database Themes

Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Emerging Markets
Region (Specific) Broad

FactSet Classifications

  • Segment Equity: Emerging Markets - Total Market
  • Category Size and Style
  • Focus Total Market
  • Niche Broad-based
  • Strategy Currency Hedged Vanilla
  • Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $23.91
  • 52 Week Hi $30.87
  • AUM $120.0 M
  • Shares 4.3 M

Historical Trading Data

  • 1 Month Avg. Volume 9,465
  • 3 Month Avg. Volume 14,055

Alternative ETFs in the ETF Database Emerging Markets Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VWO 0.10% $82.6 B 11 M 5.23%
Largest (AUM) VWO 0.10% $82.6 B 11 M 5.23%
Most Liquid (Volume) EEM 0.70% $30.9 B 38 M 1.37%
Top YTD Performer FLSA 0.39% $3.7 M 394 43.85%

Alternative ETFs in the FactSet Equity: Emerging Markets - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest VWO 0.10% $82.6 B 11 M 5.23%
Largest (AUM) VWO 0.10% $82.6 B 11 M 5.23%
Most Liquid (Volume) EEM 0.70% $30.9 B 38 M 1.37%
Top YTD Performer EELV 0.30% $343.9 M 41,311 15.86%

Top 15 Holdings

Concentration Analysis

This section compares how balanced and deep this ETF is relative to its peers.

Holdings Comparison

DBEM ETF Database Category Average FactSet Segment Average
Number of Holdings 1330 464 708
% of Assets in Top 10 26.15% 33.77% 28.45%
% of Assets in Top 15 29.55% 41.49% 33.28%
% of Assets in Top 50 44.75% 67.70% 54.56%

Size Comparison

DBEM ETF Database Category Average FactSet Segment Average
Large (>12.9B) 75.71% 52.30% 56.29%
Mid (>2.7B) 23.43% 31.63% 28.92%
Small (>600M) 0.84% 12.36% 5.14%
Micro (<600M) 0.02% 2.26% 0.72%

DBEM Valuation

This section compares the P/E ratio of this ETF to its peers.

DBEM
P/E Ratio
16.89
ETF Database Category Average
P/E Ratio
15.00
FactSet Segment Average
P/E Ratio
15.26

DBEM Dividend

This section compares the dividend yield of this ETF to its peers.

DBEM ETF Database Category Average FactSet Segment Average
Dividend $ 0.23 $ 0.41 $ 0.35
Dividend Date 2021-06-25 N/A N/A
Annual Dividend Rate $ 0.61 $ 0.90 $ 0.78
Annual Dividend Yield 2.15% 2.56% 1.93%

DBEM Price and Volume Chart

DBEM Fund Flows

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 6.98 M 6 Month Net Flows: 6.98 M 1 Year Net Flows: -526.15 K 3 Year Net Flows: -26.95 M 5 Year Net Flows: -68.03 M 10 Year Net Flows: 90.41 M

DBEM Price vs Flows AUM Influence

View charts that break down the influence that fund flows and price had on overall assets.

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBEM 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 Emerging Markets 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B+ n/a
Expenses B- n/a
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBEM Expenses & Fees

This section compares the cost efficiency of this ETF to its peers.

Expenses Ratio Analysis

DBEM
Expense Ratio
0.66%
ETF Database Category Average
Expense Ratio
0.50%
FactSet Segment Average
Expense Ratio
0.46%

Tax Analysis

Max ST Capital Gains Rate 39.60%
Max LT Capital Gains Rate 20.00%
Tax On Distributions Qualified dividends
Distributes K1 No
ESG Themes and Scores
5.08/10
ESG Score
27.88%
Global Percentile
34.2%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      5.48%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      304.1
      Higher is worse, no ESG score impact
    • Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • High Impact Fossil Fuel Reserves (%)
      Higher is worse, no ESG score impact
    • 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
    • Revenue Exposure to Energy Efficiency (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Alternative Energy (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Green Building (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Pollution Prevention (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Water Sustainability (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Social Impact (%)
      Higher is better, no ESG score impact
    • Sustainable Impact Solutions (%)
      5.48%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      2.44%
      Higher is worse, no ESG score impact
    • Revenue Exposure to Affordable Real Estate (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Education (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Major Disease Treatment (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Nutrition (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to Sanitation (%)
      Higher is better, no ESG score impact
    • Revenue Exposure to SME Finance (%)
      Higher is better, no ESG score impact
    • 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 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
    • Severe Customer Controversies (%)
      Lower improves ESG score
    • 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 Fail (%)
      Higher is worse, no ESG score impact
    • Islamic Non-Compliant (%)
      Higher is worse, no ESG score impact
    • Adult Entertainment Involvement (%)
      Higher is worse, no ESG score impact
    • Alcohol Involvement (%)
      Higher is worse, no ESG score impact
    • Gambling Involvement (%)
      Higher is worse, no ESG score impact
    • Nuclear Power Involvement (%)
      Higher is worse, no ESG score impact
    • Tobacco Involvement (%)
      Higher is worse, no ESG score impact
    • Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • Controversies Weapons Involvement (%)
      Higher is worse, no ESG score impact
    • 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
    • Direct Predatory Lending Involvement (%)
      Higher is worse, no ESG score impact
    • Genetic Engineering Involvement (%)
      Higher is worse, no ESG score impact
    • Severe Governance Controversies (%)
      Lower improves ESG score
    • Board Flag (%)
      Lower improves ESG score
    • 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
    • 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 (%)
      Lower improves ESG score
    • Overboarding (%)
      Lower improves ESG score
    • 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
    • Controlling Shareholder (%)
      Lower improves ESG score
    • Controlling Shareholder Concerns (%)
      Lower improves ESG score
    • Cross Shareholdings (%)
      Lower improves ESG score
    • Poison Pill (%)
      Lower improves ESG score
    • 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 Flag (%)
      Lower improves ESG score

DBEM Performance

This section shows how this ETF has performed relative to its peers.

DBEM ETF Database
Category Average
Factset Segment
Average
1 Month Return 2.15% 1.55% 0.69%
3 Month Return -2.27% 0.71% -1.14%
YTD Return 2.38% 8.16% 4.89%
1 Year Return 13.76% 23.87% 17.89%
3 Year Return 41.31% 32.25% 25.58%
5 Year Return 54.05% 30.45% 26.89%

Geographic Exposure

The following charts reflect the geographic spread of DBEM's underlying holdings.

Region Percentage
Asia Pacific 68.01%
Europe 14.72%
North, Central and South America 13.67%
Other 3.56%
Country Percentage
China 31.28%
Taiwan 13.77%
India 11.6%
South Korea 11.57%
Brazil 3.81%
Other 3.58%
Saudi Arabia 3.31%
Russia 3.31%
South Africa 3.01%
Hong Kong 2.7%
Mexico 1.83%
Thailand 1.53%
Indonesia 1.41%
Malaysia 1.3%
United Arab Emirates 0.78%
Qatar 0.73%
Poland 0.69%
Philippines 0.64%
Kuwait 0.57%
Chile 0.37%
Cyprus 0.3%
Netherlands 0.27%
Turkey 0.25%
Hungary 0.25%
Luxembourg 0.24%
Greece 0.18%
Colombia 0.16%
Peru 0.13%
Czechia 0.11%
Egypt 0.08%
United States 0.07%
Singapore 0.06%
United Kingdom 0.04%
Australia 0.02%
Argentina 0.01%

Holdings Analysis

The following charts reflect the allocation of DBEM's underlying holdings.

Sector Percentage
Finance 20.71%
Electronic Technology 16.6%
Technology Services 12.86%
Retail Trade 7.37%
Energy Minerals 5.32%
Consumer Non-Durables 4.88%
Non-Energy Minerals 4.84%
Consumer Durables 4.39%
Process Industries 4.14%
Health Technology 3.65%
Communications 2.61%
Producer Manufacturing 2.1%
Utilities 2.07%
Other 1.85%
CASH 1.71%
Transportation 1.52%
Consumer Services 1.2%
Industrial Services 0.79%
Health Services 0.56%
Distribution Services 0.53%
Commercial Services 0.22%
Miscellaneous 0.04%
Market Cap Percentage
Large 75.71%
Mid 23.43%
Small 0.84%
Micro 0.02%
Region Percentage
Asset Percentage
Share/Common/Ordinary 83.67%
American Depositary Receipt 6.62%
Global Depositary Receipt 2.11%
Other 1.85%
Preferred Equity 1.85%
CASH 1.71%
Non-Voting Depositary Receipt 1.47%
Unit 0.6%
Alien/Foreign 0.06%
Exchange Traded Fund (ETF-ETF) 0.02%
Corporate 0.0%
Right 0.0%
Sector Percentage
Finance 20.71%
Electronic Technology 16.6%
Technology Services 12.86%
Retail Trade 7.37%
Energy Minerals 5.32%
Consumer Non-Durables 4.88%
Non-Energy Minerals 4.84%
Consumer Durables 4.39%
Process Industries 4.14%
Health Technology 3.65%
Communications 2.61%
Producer Manufacturing 2.1%
Utilities 2.07%
Other 1.85%
CASH 1.71%
Transportation 1.52%
Consumer Services 1.2%
Industrial Services 0.79%
Health Services 0.56%
Distribution Services 0.53%
Commercial Services 0.22%
Miscellaneous 0.04%

DBEM Technicals

Volatility Analysis

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

5 Day Volatility
77.55%
Rank
32 of 69

20 Day Volatility
14.12%
Rank
37 of 69

50 Day Volatility
15.28%
Rank
46 of 69

200 Day Volatility
14.78%
Rank
39 of 69

Beta
0.69
Rank
61 of 68

Standard Deviation
1.32%
Rank
59 of 66

Technicals

  • 20 Day MA $27.41
  • 60 Day MA $27.57
  • MACD 15 Period 0.49
  • MACD 100 Period -0.07
  • Williams % Range 10 Day 32.32
  • Williams % Range 20 Day 18.50
  • RSI 10 Day 61
  • RSI 20 Day 55
  • RSI 30 Day 53
  • Ultimate Oscillator 62

Bollinger Bands

  • Lower Bollinger (10 Day) $27.19
  • Upper Bollinger (10 Day) $28.37
  • Lower Bollinger (20 Day) $26.51
  • Upper Bollinger (20 Day) $28.31
  • Lower Bollinger (30 Day) $26.57
  • Upper Bollinger (30 Day) $28.31

Support & Resistance

  • Support Level 1 $27.94
  • Support Level 2 $27.90
  • Resistance Level 1 $28.05
  • Resistance Level 2 $28.12

Stochastic

  • Stochastic Oscillator %D (1 Day) 47.18
  • Stochastic Oscillator %D (5 Day) 69.15
  • Stochastic Oscillator %K (1 Day) 53.09
  • Stochastic Oscillator %K (5 Day) 78.86

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Fact Sheet

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.

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Analyst Report Authors

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.

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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.
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