Xtrackers MSCI All World ex US Hedged Equity ETF
$48.26−0.55 (−1.13%)
- Expense ratio
- 0.40%
- Fund size
- $330M
- 1Y return
- +26.9%
- Yield · Last 12 months
- 1.65%
- Holdings
- 1724
- Volume · 30D
- 0M sh
- NAV per share
- $48.23
- 52W range
The ETF.net DBAW Grade
Score 62 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.BScore 62Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.DScore 35Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 74Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 43Category rank
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
- 1,724
- 17%
- 2330.TW
Sectors
- Financials25.0%
- Technology21.2%
- Industrials13.8%
- Consumer Discr.7.5%
- Materials6.9%
- Health Care6.9%
- Cons. Staples4.9%
- Energy4.9%
- Communication4.8%
- Utilities2.9%
- Real Estate1.2%
Geography
- Japan14.55%
- Taiwan (Province of China)9.19%
- United Kingdom8.25%
- Canada8.14%
- Korea (the Republic of)6.77%
- Switzerland5.81%
- China5.81%
- Germany5.24%
- 36.24%
Developed 68% · Emerging 32%
DBAW Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +18.5% |
| 1 month | +0.8% |
| 3 months | −0.7% |
| 1 year | +26.9% |
| 3 years | +21.6% |
| 5 years | +12.8% |
| 10 years | +11.5% |
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 | +18.5% | |
| 2025 | +26.4% | |
| 2024 | +14.4% | |
| 2023 | +16.3% | |
| 2022 | −9.5% | |
| 2021 | +13.1% | |
| 2020 | +7.5% |
DBAW in the news
ETF.net Research hasn’t filed on DBAW yet — coverage lands here as it’s written.
DBAW Dividends
- 1.65%
- $0.81
- $0.02 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 18, 2026 | Jun 26, 2026 | $0.02 |
| Dec 19, 2025 | Dec 29, 2025 | $0.79 |
| Jun 20, 2025 | Jun 27, 2025 | $0.79 |
| Dec 20, 2024 | Dec 30, 2024 | $0.34 |
| Jun 21, 2024 | Jun 28, 2024 | $0.24 |
| Dec 15, 2023 | Dec 22, 2023 | $0.04 |
| Jun 23, 2023 | Jun 30, 2023 | $1.01 |
| Dec 16, 2022 | Dec 23, 2022 | $0.24 |
| Dec 7, 2022 | Dec 14, 2022 | $3.00 |
| Jun 24, 2022 | Jul 1, 2022 | $0.37 |
| Dec 17, 2021 | Dec 27, 2021 | $0.24 |
| Jun 25, 2021 | Jul 2, 2021 | $0.45 |
DBAW Risk
- 9.2%
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.
- 0.63
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
- The middle half of International Stocks (USD-Hedged) funds
- Median 0.45%
No International Stocks (USD-Hedged) fund charges less.