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Launched · SEC filings

Xtrackers MSCI All World ex US Hedged Equity ETF

DBAWNYSE ArcaXtrackersB

$45.69−1.62 (−3.42%)

At close: Nov 5, 2026, 4:00 PM ET

B64/ 100

Rank 1 of 5 in International Stocks (USD-Hedged)

B64/100Rank 1 of 5inInternational Stocks (USD-Hedged)
Intraday session: down, 79 prints from 47.31 to 45.69. Range 45.69 to 47.00. Use the arrow keys to read each point.46.0046.2546.5046.7547.0010 AM12 PM2 PM4 PM
Expense ratio
0.40%
Fund size
$367M
1Y total return
+13.3%
Yield · Last 12 months
1.77%
Holdings
1705
Avg volume · 30D
42.2K sh
52W range
low $39.87high $49.25
Launched
Filings
SEC EDGAR

The ETF.net DBAW Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
International Stocks (USD-Hedged)⁠
Rank
1 of 5
Six-pillar profile for DBAW. Scores out of 100: Cost 76, Risk 61, Mission not scored, Tradability 46, Holdings 74, Durability 47. Strongest: Cost (76). Weakest: Tradability (46). Based on 5 of 6 pillars.

Score 64 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 100
    Rank 1 of 5

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 1 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C46 out of 100
    Rank 3 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A74 out of 100
    Rank 1 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 4 of 5

Our read on DBAW

ETF.net Research

In short

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.

Stated mandate

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.comdws.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.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.dws.com
  • Trades thinly next to the category's giants, and distributions land once or twice a year rather than quarterly.

DBAW Performance

Launched Jan 23, 2014

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

DBAW$11,330
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,934
Nov 5, 2025 to Nov 5, 2026. DBAW $11,330. SPY $10,934. Use the arrow keys to read each point.$10,000$11,000$12,000Nov 2025May 2026Nov 2026

Nov 5, 2025 – Nov 5, 2026

Returns run to the Nov 5, 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.

Trailing total return for DBAW. Periods over one year show the average yearly return.
PeriodDBAW
Year to date+10.9%
1 month−5.8%
3 months−5.5%
1 year+13.3%
3 yearsper year+19.2%
5 yearsper year+10.9%
10 yearsper year+11.2%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for DBAW
YearReturn barDBAW
2026 YTD+10.9%
2025+26.4%
2024+14.4%
2023+16.3%
2022−9.5%
2021+13.1%
2020+7.5%

DBAW in the news

DBAW Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Nov 5, 2026.
1.77%Last 12 months
Payout per share
$0.81Last 12 months
Last payment
$0.02 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Twice a year

Distribution history

2017–2026

One bar per payment. 20 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.32; Dec 19, 2017 $0.35; Jun 20, 2018 $0.27; Dec 19, 2018 $0.44; Jun 28, 2019 $0.44; Dec 18, 2019 $0.40; Jun 26, 2020 $0.24; Dec 18, 2020 $0.40; Jun 25, 2021 $0.45; Dec 17, 2021 $0.24; Jun 24, 2022 $0.37; Dec 7, 2022 $3.00; Dec 16, 2022 $0.24; Jun 23, 2023 $1.01; Dec 15, 2023 $0.04; Jun 21, 2024 $0.24; Dec 20, 2024 $0.34; Jun 20, 2025 $0.79; Dec 19, 2025 $0.79; Jun 18, 2026 $0.02. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 26, 2026$0.02
Dec 19, 2025Dec 29, 2025$0.79
Jun 20, 2025Jun 27, 2025$0.79
Dec 20, 2024Dec 30, 2024$0.34
Jun 21, 2024Jun 28, 2024$0.24
Dec 15, 2023Dec 22, 2023$0.04
Jun 23, 2023Jun 30, 2023$1.01
Dec 16, 2022Dec 23, 2022$0.24
Dec 7, 2022Dec 14, 2022$3.00
Jun 24, 2022Jul 1, 2022$0.37
Dec 17, 2021Dec 27, 2021$0.24
Jun 25, 2021Jul 2, 2021$0.45

See all 26 payments⁠

$10,000 in DBAW 10 years ago paid $4,626 in dividends.⁠

DBAW Risk

Risk pillarB61 out of 100Rank 1 of 5 in International Stocks (USD-Hedged)
How much the fund’s monthly returns vary, scaled to a year.
9.3%
Annualised · 36 months to Oct 2026
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.

Return above 3-month US Treasury bills per unit of volatility.
1.65
vs 3-month T-bills · to Oct 2026
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.

The largest fall from a peak to the low that followed.
−17.9%
Trough Oct 2022
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.

How strongly the fund’s returns move with its asset-class index.
0.65
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

DBAW Cost

Cheapest in International Stocks (USD-Hedged)

$8,090

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • DBAW 0.40%

    $8,090

$10,000
30 years

Cost over time

  • DBAW 0.40%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DBAW $8,090

Year by year

YearDBAW
10$723
20$2,793
30$8,090

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