DBEU
Xtrackers MSCI Europe Hedged Equity ETF
The Xtrackers MSCI Europe Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Europe USD Hedged Index.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
653.9 M
ASSETS UNDER MGMT
46 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank AG |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 01, 2013 |
| Assets (mns) | $654 |
| Expense ratio | 46 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | Yes |
| Fund of funds | No |
Top 10 Holdings
| ASML HOLDING NV | 2.6 % |
| SAP AG | 2.4 % |
| ROCHE HOLDING AG-BR | 2.2 % |
| NOVARTIS AG | 2.2 % |
| ASTRAZENECA PLC | 2.1 % |
| NESTLE SA-REG | 2.1 % |
| HSBC HOLDINGS PLC | 2.0 % |
| SHELL PLC | 1.8 % |
| SIEMENS AG-REG | 1.7 % |
| NOVO NORDISK A/S-B | 1.5 % |
Constituent Breakdown
| Number of holdings | 438 |
| Herfindahl-Hirschman Index | 87 |
| Wgt avg mkt cap (mns) | $114,560 |
| Large cap (>$10bn) | 98.3% |
| Mid cap ($2-10bn) | 4.2% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 103.6% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
BRITAIN | 23.3 % |
 |
FRANCE | 16.1 % |
 |
SWITZERLAND | 16.0 % |
 |
GERMANY | 15.7 % |
 |
NETHERLANDS | 7.3 % |
 |
SPAIN | 5.4 % |
 |
SWEDEN | 5.0 % |
 |
ITALY | 5.0 % |
 |
DENMARK | 3.3 % |
 |
FINLAND | 1.7 % |
Historical Performance
Standardized Performance (as of 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 15.9% | 15.2% | 14.2% | 11.0% | 10.0% | 5.8% | -- | 5.4% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | 1.6% | 2.0% | 3.2% | -- | 3.4% |
| Total Returns | 15.9% | 15.2% | 14.3% | 12.6% | 12.0% | 9.0% | -- | 8.8% | Ann. Volatility | 17.4% | 16.9% | 14.1% | 13.3% | 14.2% | 16.8% | -- | 16.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.68 | 61% |
| MSCI EAFE | 0.87 | 73% |
| MSCI Emg Mkts | 0.64 | 45% |
Liquidity Measures
| Avg. volume (000) | 92 |
| ADV traded (mns) | $4 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.39% |
Technical Indicators
| 30d moving avg. (EMA) | $47.29 |
| Relative strength (RSI) | 57 |
| MACD/Signal | 0.22/0.14 |
| Bollinger Bands (Upper/Lower) | $48.60/$46.21 |
| Short interest (% of AUM) | 0.0% |
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. DBEU |
Expenses vs. DBEU |
ALTAR Score™ vs. DBEU |
|---|---|---|---|---|
| BBEU | JPMorgan BetaBuilders Europe ETF | 97.4% | -37 bp | +6.8% |
| FLEE | Franklin FTSE Europe ETF | 94.2% | -37 bp | +6.9% |
| IEV | iShares Europe ETF | 86.4% | +21 bp | +6.5% |
| IEUR | iShares Core MSCI Europe ETF | 80.6% | -35 bp | +7.0% |
| VGK | Vanguard FTSE Europe ETF | 78.5% | -40 bp | +7.1% |
| SPEU | SPDR Portfolio Europe ETF | 77.2% | -39 bp | +7.0% |
| GSEU | Goldman Sachs ActiveBeta Europe Equity ETF | 76.3% | -21 bp | +7.0% |
| DBEF | Xtrackers MSCI EAFE Hedged Equity ETF | 68.5% | -10 bp | +6.2% |
| BBIN | JPMorgan BetaBuilders International Equity ETF | 66.1% | -39 bp | +6.5% |
| HFXI | IQ FTSE International Equity Currency Neutral ETF | 64.7% | -26 bp | +6.5% |
Risk and Returns: DBEU 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
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | ||
|---|---|---|---|---|---|---|---|---|
| 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 | 2024 | 2025 | 2026 | |
| 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 12/12/2025
Peer Group Comparison Sample data. Subscribe for access.
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
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
DBEU
6.4%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 271 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
1.8%. DBEU's ALTAR Score™ is approximately
0.2 standard deviations
below
the category average. This places DBEU in the 43rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DBEUSELL
U/W
HOLD
O/W
BUY