DBAW
Xtrackers MSCI All World ex US Hedged Equity ETF
The Xtrackers MSCI All World ex US Hedged Equity ETF is an exchange-traded fund incorporated in the USA. The ETF seeks to track the performance of the MSCI ACWIex USA US Dollar Hedged Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
$ 236.3 M
ASSETS UNDER MGMT
41 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank AG |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Jan 22, 2014 |
| Assets (mns) | $236 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | Yes |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 3.6 % |
| TENCENT HOLDINGS LTD | 1.5 % |
| ASML HOLDING NV | 1.2 % |
| SAMSUNG ELECTRONICS CO LTD | 1.2 % |
| ALIBABA GROUP HOLDING LTD. | 0.9 % |
| ROCHE HOLDING AG-BR | 0.9 % |
| ASTRAZENECA PLC | 0.9 % |
| HSBC HOLDINGS PLC | 0.8 % |
| NOVARTIS AG | 0.8 % |
| NESTLE SA-REG | 0.8 % |
Constituent Breakdown
| Number of holdings | 1872 |
| Herfindahl-Hirschman Index | 38 |
| Wgt avg mkt cap (mns) | $147,314 |
| Large cap (>$10bn) | 86.8% |
| Mid cap ($2-10bn) | 6.9% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 67.9% |
| Emerging mkts. | 27.2% |
Country Exposure
 |
JAPAN | 12.7 % |
 |
BRITAIN | 8.7 % |
 |
CANADA | 8.2 % |
 |
CHINA | 7.3 % |
 |
TAIWAN | 6.0 % |
 |
SWITZERLAND | 5.9 % |
 |
FRANCE | 5.8 % |
 |
GERMANY | 5.7 % |
 |
INDIA | 4.1 % |
 |
SOUTH KOREA | 3.8 % |
Historical Performance
Standardized Performance (as of 01/31/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.3% | 21.6% | 18.9% | 14.0% | 6.9% | 6.9% | -- | 4.9% |
| Dividend Yield | 0.0% | 5.2% | 3.5% | 3.6% | 5.2% | 4.0% | -- | 4.4% |
| Total Returns | 4.3% | 26.7% | 22.4% | 17.6% | 12.2% | 10.9% | -- | 9.3% | Ann. Volatility | 12.1% | 15.1% | 13.2% | 12.3% | 13.1% | 15.2% | -- | 15.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.70 | 80% |
| MSCI EAFE | 0.83 | 82% |
| MSCI Emg Mkts | 0.73 | 74% |
Liquidity Measures
| Avg. volume (000) | 13 |
| ADV traded (mns) | $1 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.16% |
Technical Indicators
| 30d moving avg. (EMA) | $42.68 |
| Relative strength (RSI) | 66 |
| MACD/Signal | 0.47/0.50 |
| Bollinger Bands (Upper/Lower) | $43.79/$42.55 |
| Short interest (% of AUM) | 1.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DBAW |
Expenses vs. DBAW |
ALTAR Score™ vs. DBAW |
|---|---|---|---|---|
| GXUS | Goldman Sachs MarketBeta Total International Equity ETF | 86.9% | -23 bp | +0.1% |
| ACWX | iShares MSCI ACWI ex U.S. ETF | 82.7% | -7 bp | +0.2% |
| VEU | Vanguard FTSE All-World ex-US Index Fund | 78.0% | -37 bp | +0.4% |
| IXUS | iShares Core MSCI Total International Stock ETF | 75.2% | -34 bp | +0.3% |
| VXUS | Vanguard Total International Stock ETF | 73.5% | -36 bp | +0.3% |
| CWI | SPDR MSCI ACWI ex-US ETF | 67.4% | -11 bp | +0.3% |
| BKIE | BNY Mellon International Equity ETF | 64.7% | -37 bp | -0.5% |
| VEA | Vanguard FTSE Developed Markets ETF | 63.3% | -38 bp | -0.5% |
| VSGX | Vanguard ESG International Stock ETF | 63.2% | -31 bp | +0.2% |
| SPDW | SPDR Portfolio Developed World ex-US ETF | 62.4% | -38 bp | -0.4% |
Risk and Returns: DBAW vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 2/10/2026
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DBAW
6.8%
Cat. Avg
6.2%
ALTAR Score™ Calculation
Category Overview
There are 333 funds in the International Equity category, with an average ALTAR Score™
of 6.2% and a standard deviation of
1.5%. DBAW's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places DBAW in the 67th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DBAWSELL
U/W
HOLD
O/W
BUY