Xtrackers MSCI All World ex US Hedged Equity ETF
$47.90+0.11 (+0.23%)
- 0.40%
- $327M
- +24.4%
- 1.69%
- 0M sh
- $47.71
- low $39.65high $49.25
The ETF.net DBAW Grade
B
Score 63 out of 100
- 1 of 5
Score 63 of 100 falls in the B band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A76 out of 100Rank 1 of 5Mission
Whether the fund did what it promised, tested against its stated mandate.Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.B64 out of 100Rank 1 of 5Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.D35 out of 100Rank 3 of 5Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A75 out of 100Rank 1 of 5Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C43 out of 100Rank 4 of 5
Our read on DBAW
BOne ticker for the whole non-US stock market, developed and emerging, with the currency risk stripped out. Running since 2014, DBAW aims to give you what foreign stocks did at home, not what the dollar did to them.
The fund seeks, before fees and expenses, to track the MSCI ACWI ex USA US Dollar Hedged Index. Its mandate provides broad non-U.S. equity exposure through a currency-hedged index.
Why people hold it
- Hedges the full ex-US market: the index sells each foreign currency forward at the one-month rate across developed and emerging markets, not just Europe and Japan.msci.cometf.dws.com
- About 1,800 stocks from developed and emerging markets outside the US, held through representative sampling of the index rather than stock picking.
- A decade-plus of live history since its 2014 launch, one of the earlier US-listed funds to wrap the entire non-US market and its currency hedge into a single ticker.etf.dws.com
Worth knowing
- The hedging machinery costs: 0.40% a year, above the typical fund in its international peer group and far above unhedged options such as VXUS at 0.05%.
- The hedge cuts both ways: forward contracts can wipe out the gain unhedged international funds pick up when foreign currencies rise against the dollar.etf.dws.com
- Trades thinly next to the category's giants, and distributions land once or twice a year rather than quarterly.
DBAW Holdings
- Stocks
- 1,706
- 18%
- 2330.TW
Sectors
- Financials24.5%
- Technology23.7%
- Industrials13.3%
- Health Care6.8%
- Materials6.7%
- Consumer Discretionary6.6%
- Consumer Staples4.8%
- Energy4.8%
- Communication4.6%
- Utilities2.9%
- Real Estate1.1%
Geography
- Japan14.68%
- Taiwan (Province of China)9.92%
- Canada7.99%
- United Kingdom7.93%
- Korea (the Republic of)7.22%
- China5.83%
- Switzerland5.68%
- Germany5.05%
- 35.69%
Developed 67% · Emerging 33%
DBAW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
DBAW$12,439
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | DBAW |
|---|---|
| Year to date | +16.1% |
| 1 month | −0.3% |
| 3 months | −0.6% |
| 1 year | +24.4% |
| 3 years | +20.9% |
| 5 years | +12.7% |
| 10 years | +11.3% |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | DBAW |
|---|---|---|
| 2026 YTD | +16.1% | |
| 2025 | +26.4% | |
| 2024 | +14.4% | |
| 2023 | +16.3% | |
| 2022 | −9.5% | |
| 2021 | +13.1% | |
| 2020 | +7.5% |
DBAW in the news
DBAW Dividends
- 1.69%
- $0.81
- $0.02 per share
- Twice a year
Distribution history
DBAW Risk
- 9.3%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.64
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −17.9%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.64
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
DBAW Cost
0.40%
DBAW0.40%
- The middle half of International Stocks (USD-Hedged) funds
- Median 0.46%
No International Stocks (USD-Hedged) fund charges less.
Other funds in International Stocks (USD-Hedged)
- BDBEUXtrackers MSCI Europe Hedged Equity ETFExpense ratio 0.46%1 year return +16.8%
- CDBEZXtrackers MSCI Eurozone Hedged Equity ETFExpense ratio 0.45%1 year return +16.7%
- CHAWXiShares Currency Hedged MSCI ACWI ex U.S. ETFExpense ratio 0.70%1 year return +23.9%
- DHEZUiShares Currency Hedged MSCI Eurozone ETFExpense ratio 1.12%1 year return +17.3%