DBEZ
Xtrackers MSCI Eurozone Hedged Equity ETF

Price: $44.78
Change: $0.06 (0.0%)
Category: Europe Equities
Last Updated:

Vitals

Issuer DWS
Brand Xtrackers
Structure ETF
Expense Ratio 0.45%
ETF Home Page Home page
Inception Dec 10, 2014

Analyst Report

While the Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) offers broad exposure to stocks listed in the 19 European countries that are part of the Eurozone, its currency hedge makes it distinct among Europe-focused index. This fund delivers isolated exposure to the performance of the underlying equities in local prices. Currency fluctuations can be a significant driver of gains and losses, and some investors may prefer the potential diversification benefit of exposure to non-U.S. dollar investments


DBEZ maintains similar exposure as the unhedged iShares MSCI Eurozone ETF (EZU), but the currency hedges mean the performance of the two will be substantially different. Investors who expect the U.S. dollar to appreciate relative to the euro might prefer this fund as a way to bet on the performance of European stocks; DBEZ should outperform EZU when the U.S. currency strengthens. Those expecting the dollar to lose value relative to the euro will probably prefer to leave currency exposure unhedged, utilizing a fund such as EZU instead. Those investors without a strong view in either direction might use a mix of both hedged and unhedged Eurozone equity ETFs (e.g., 50% DBEZ and 50% EZU).


Competitors offer similar hedged exposure to European stocks, such as the iShares Currency Hedged MSCI Eurozone ETF (HEZU) or the WisdomTree Europe Hedged Equity Fund (HEDJ). DWS Group’s Xtrackers lineup also includes the Xtrackers MSCI Europe Hedged Equity ETF (DBEU). The biggest difference between the two is that DBEZ includes stocks only from countries that use the euro while DBEU includes stocks from the U.K. and other countries, like Sweden, that aren’t part of the Eurozone.

ETF Database Themes

Category Europe Equities
Asset Class Equity
Asset Class Size Large-Cap
Asset Class Style Blend
Region (General) Developed Markets
Region (Specific) Broad

FactSet Classifications

Segment Equity: Developed Europe - Total Market
Category Size and Style
Focus Total Market
Niche Broad-based
Strategy Vanilla
Weighting Scheme Market Cap

Trading Data

Open - Volume -
Day Lo - Day Hi -
  • Open
  • Volume
  • Day Lo
  • Day Hi
  • 52 Week Lo $36.70
  • 52 Week Hi $46.57
  • AUM $38.0 M
  • Shares 0.9 M

Historical Trading Data

  • 1 Month Avg. Volume 3,000
  • 3 Month Avg. Volume 3,920

Alternative ETFs in the ETF Database Europe Equities Category

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPEU 0.07% $270.7 M 62,647 0.62%
Largest (AUM) VGK 0.11% $18.8 B 2 M 0.61%
Most Liquid (Volume) VGK 0.11% $18.8 B 2 M 0.61%
Top YTD Performer HEDJ 0.58% $1.9 B 210,078 8.82%

Alternative ETFs in the FactSet Equity: Developed Europe - Total Market Segment

Type Symbol Expense Ratio Assets Avg. Daily Vol YTD Return
Cheapest SPEU 0.07% $270.7 M 62,647 0.62%
Largest (AUM) VGK 0.11% $18.8 B 2 M 0.61%
Most Liquid (Volume) VGK 0.11% $18.8 B 2 M 0.61%
Top YTD Performer HEDJ 0.58% $1.9 B 210,078 8.82%

Top 15 Holdings

Concentration Analysis

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

Holdings Comparison

DBEZ ETF Database Category Average FactSet Segment Average
Number of Holdings 625 223 404
% of Assets in Top 10 26.66% 45.00% 31.40%
% of Assets in Top 15 33.68% 53.95% 37.47%
% of Assets in Top 50 60.85% 79.12% 62.24%

Size Comparison

DBEZ ETF Database Category Average FactSet Segment Average
Large (>12.9B) 80.22% 63.84% 72.15%
Mid (>2.7B) 13.69% 22.38% 19.97%
Small (>600M) 2.77% 6.67% 1.64%
Micro (<600M) 0.16% 0.61% 0.07%

DBEZ Valuation

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

DBEZ
P/E Ratio
0.04
ETF Database Category Average
P/E Ratio
10.58
FactSet Segment Average
P/E Ratio
9.77

DBEZ Dividend

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

DBEZ ETF Database Category Average FactSet Segment Average
Dividend $ 0.77 $ 0.38 $ 0.35
Dividend Date 2023-06-23 N/A N/A
Annual Dividend Rate $ 0.77 $ 1.19 $ 1.20
Annual Dividend Yield 1.72% 3.15% 2.83%

DBEZ Price and Volume Charts

View charts featuring DBEZ price and volume data.

DBEZ Fund Flows Charts

View charts featuring ETF fund flow data.

5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: -4.27 M 6 Month Net Flows: -4.27 M 1 Year Net Flows: 7.78 M 3 Year Net Flows: 17.93 M 5 Year Net Flows: -2.49 M 10 Year Net Flows: 21.26 M

DBEZ Price vs Flows AUM Influence Charts

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

5 Day Net AUM Change: -648.55 K
1 Month Net AUM Change: -324.7 K
3 Month Net AUM Change: -1.5 M
6 Month Net AUM Change: 1.84 M
1 Year Net AUM Change: 12 M
3 Year Net AUM Change: 23.33 M
5 Year Net AUM Change: 5.44 M
10 Year Net AUM Change: 38.02 M

Realtime Rating

The adjacent table gives investors an individual Realtime Rating for DBEZ 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.

Metric Metric Realtime Rating A+ Metric Rated ETF
Liquidity B EZU
Expenses B+ DBEF
Performance
Volatility
Dividend
Concentration

A+ Overall Rated ETF:

DBEZ Expenses & Fees

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

Expenses Ratio Analysis

DBEZ
Expense Ratio
0.45%
ETF Database Category Average
Expense Ratio
0.46%
FactSet Segment Average
Expense Ratio
0.43%

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
7.76/10
ESG Score
93.8%
Global Percentile
28.61%
Peer Percentile
    • Revenue Exposure to Environmental Impact (%)
      Higher is better, no ESG score impact
    • Severe Environment Controversies (%)
      Lower improves ESG score
    • Sustainable Impact Solutions (%)
      6.15%
      Higher is better, no ESG score impact
    • Weighted Average Carbon Intensity (Tons of CO2e / $M Sales)
      98.55
      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 (%)
      6.15%
      Higher is better, no ESG score impact
    • SRI Exclusion Criteria (%)
      15.56%
      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

DBEZ Performance

This section shows how this ETF has performed relative to its peers. Returns over 1 year are annualized.

DBEZ ETF Database
Category Average
Factset Segment
Average
1 Month Return -0.61% -3.96% -2.60%
3 Month Return 9.61% 3.39% 5.20%
YTD Return 6.69% -0.62% 1.97%
1 Year Return 12.21% 5.27% 6.02%
3 Year Return 8.24% 0.87% 2.49%
5 Year Return 9.74% 5.19% 5.70%

Geographic Exposure

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

Region Percentage
Europe 95.64%
Other 2.61%
North, Central and South America 1.74%
Asia Pacific 0.01%
Country Percentage
France 32.37%
Germany 24.19%
Netherlands 14.71%
Italy 7.72%
Spain 7.55%
Other 3.14%
Finland 3.11%
Belgium 2.58%
Ireland 1.35%
Austria 0.89%
Switzerland 0.76%
Luxembourg 0.67%
Portugal 0.56%
United Kingdom 0.26%
United States 0.14%

Holdings Analysis

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

Sector Percentage
Finance 19.47%
Consumer Non-Durables 12.22%
Electronic Technology 11.86%
Producer Manufacturing 8.14%
Technology Services 6.26%
Health Technology 5.96%
Consumer Durables 5.69%
Utilities 5.04%
Process Industries 4.63%
Energy Minerals 3.84%
Communications 2.61%
Industrial Services 2.45%
Transportation 2.08%
CASH 2.07%
Retail Trade 1.84%
Commercial Services 1.73%
Non-Energy Minerals 1.08%
Consumer Services 0.86%
Miscellaneous 0.67%
Distribution Services 0.55%
Other 0.54%
Health Services 0.41%
Market Cap Percentage
Large 80.22%
Mid 13.69%
Small 2.77%
Micro 0.16%
Region Percentage
Asset Percentage
Share/Common/Ordinary 94.62%
CASH 2.07%
Preferred Equity 1.3%
Exchange Traded Fund (ETF-ETF) 0.67%
Other 0.54%
American Depositary Receipt 0.44%
Depositary Receipts/Certificates 0.21%
Unit 0.15%
Warrant 0.0%
Sector Percentage
Finance 19.47%
Consumer Non-Durables 12.22%
Electronic Technology 11.86%
Producer Manufacturing 8.14%
Technology Services 6.26%
Health Technology 5.96%
Consumer Durables 5.69%
Utilities 5.04%
Process Industries 4.63%
Energy Minerals 3.84%
Communications 2.61%
Industrial Services 2.45%
Transportation 2.08%
CASH 2.07%
Retail Trade 1.84%
Commercial Services 1.73%
Non-Energy Minerals 1.08%
Consumer Services 0.86%
Miscellaneous 0.67%
Distribution Services 0.55%
Other 0.54%
Health Services 0.41%

DBEZ Technicals

Volatility Analysis

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

5 Day Volatility 18.76%
20 Day Volatility 8.06%
50 Day Volatility 9.03%
200 Day Volatility 9.02%
Beta 0.92
Standard Deviation 2.27%
5 Day Volatility
18.76%
Rank
46 of 53

20 Day Volatility
8.06%
Rank
49 of 53

50 Day Volatility
9.03%
Rank
50 of 53

200 Day Volatility
9.02%
Rank
50 of 53

Beta
0.92
Rank
36 of 53

Standard Deviation
2.27%
Rank
19 of 53

Technicals

  • 20 Day MA $45.53
  • 60 Day MA $44.32
  • MACD 15 Period -0.69
  • MACD 100 Period 1.62
  • Williams % Range 10 Day 90.89
  • Williams % Range 20 Day 94.89
  • RSI 10 Day 36
  • RSI 20 Day 49
  • RSI 30 Day 54
  • Ultimate Oscillator 33

Bollinger Bands

  • Lower Bollinger (10 Day) $44.60
  • Upper Bollinger (10 Day) $45.90
  • Lower Bollinger (20 Day) $44.70
  • Upper Bollinger (20 Day) $46.40
  • Lower Bollinger (30 Day) $44.45
  • Upper Bollinger (30 Day) $46.27

Support & Resistance

  • Support Level 1 n/a
  • Support Level 2 $44.71
  • Resistance Level 1 n/a
  • Resistance Level 2 $44.91

Stochastic

  • Stochastic Oscillator %D (1 Day) 24.47
  • Stochastic Oscillator %D (5 Day) 15.33
  • Stochastic Oscillator %K (1 Day) 40.92
  • Stochastic Oscillator %K (5 Day) 20.55

Tradability

  • Tracking Difference Median (%) -0.26
  • Tracking Difference Max Upside (%) -0.16
  • Tracking Difference Max Downside (%) -0.34
  • Median Premium Discount (%) 0.16
  • Maximum Premium Discount (%) 1.31
  • Average Spread (%) 4.45
  • Average Spread ($) 4.45

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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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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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