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Launched · SEC filings

Xtrackers MSCI EAFE Hedged Equity ETF

DBEFNYSE ArcaXtrackersD

$54.82+0.08 (+0.15%)

As of Nov 2, 2026, 3:59 PM ET

D40/ 100

Rank 20 of 21 in Developed International Core

D40/100Rank 20 of 21inDeveloped International Core
Intraday session: up, 79 prints from 54.74 to 54.82. Range 54.78 to 55.11. Use the arrow keys to read each point.54.9055.0055.1010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$9.32B
1Y total return
+16.8%
Yield · Last 12 months
2.28%
Holdings
659
Avg volume · 30D
491K sh
52W range
low $46.79high $56.84
Launched
Filings
SEC EDGAR

The ETF.net DBEF Grade

Based on 5 of 6 pillars

D

Score 40 out of 100

Category
Developed International Core⁠
Rank
20 of 21
Six-pillar profile for DBEF. Scores out of 100: Cost 10, Risk 68, Mission not scored, Tradability 49, Holdings 69, Durability 60. Strongest: Holdings (69). Weakest: Cost (10). Based on 5 of 6 pillars.

Score 40 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25. The letter stays D for now. A new letter must hold for 3 published runs before it replaces it.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 19 of 21

  • 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.
    B68 out of 100
    Rank 1 of 21

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C49 out of 100
    Rank 11 of 21

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B69 out of 100
    Rank 7 of 20

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B60 out of 100
    Rank 10 of 21

Our read on DBEF

ETF.net Research

In short

DOverseas stocks come with a side currency bet. DBEF owns roughly 700 EAFE blue chips and hedges the dollar exposure out, so the companies drive the result rather than the yen or the euro. It has run that playbook since 2011.

Stated mandate

The Fund uses a passive indexing strategy to track the MSCI EAFE US Dollar Hedged Index before fees and expenses. The strategy targets developed-market equities outside the United States and mitigates currency movements against the U.S. dollar.

Why people hold it

  • Tracks the dollar-hedged version of MSCI EAFE: the same developed-market names as a standard EAFE fund, with currency moves against the dollar hedged out.
  • Roughly 700 companies across developed markets outside the US, held by index rule rather than stock-picking.
  • Launched in 2011, before the currency-hedging rush, and now a multi-billion-dollar fund with steady day-to-day trading.

Worth knowing

  • The hedge costs real money: 0.35% a year, against 0.03% at unhedged core EAFE trackers like VEA and SCHF.
  • Hedging cuts both ways. When the dollar weakens, the currency lift that unhedged funds pick up is stripped out here along with the drag.
  • Distributions come once or twice a year, not monthly.

DBEF Holdings

Holdings pillarB69 out of 100Rank 7 of 20 in Developed International Core
Asset class
Stocks
Holdings
659
Top-10 weight
15%
Largest holding
ASML.AS2.8%

Sectors

  • Financials26.1%
  • Industrials18.7%
  • Technology12.0%
  • Health Care10.1%
  • Consumer Discretionary7.2%
  • Consumer Staples6.4%
  • Materials5.9%
  • Communication4.7%
  • Energy4.0%
  • Utilities3.6%
  • Real Estate1.5%

Geography

  • Japan24.01%
  • United Kingdom14.14%
  • Switzerland10.26%
  • Germany8.80%
  • France8.30%
  • Australia6.78%
  • Netherlands6.02%
  • Spain3.70%
  • Other countries (17)17.99%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 44.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ASML.ASASML Holding NV2.80%165,657$261M193
2No dataCash & Cash Equivalents2.08%0$194M65
3ROP.SWRoche Holding AG Part1.57%299,548$147M203
4SHEL.LShell PLC1.44%2,474,581$134M154
5NOVN.SWNovartis AG-Reg1.36%781,052$127M189
6HSBA.LHSBC Holdings PLC1.35%7,334,171$125M143
7AZN.LAstraZeneca PLC1.29%645,553$121M166
8NESN.SWNestle SA-Reg1.21%1,098,499$113M165
9SAP.DESap SE1.10%432,738$102M172
108306.TMitsubishi UFJ Financial Group1.07%4,562,871$99.8M162
11SIE.DESiemens AG-Reg0.98%308,755$91.6M154
12BHP.AXBHP Billiton Ltd0.94%2,169,494$87.8M154
13CBA.AXCommonwealth Bank of Australia0.90%714,003$83.7M116
14ALV.DEAllianz SE-Reg0.86%162,725$79.7M161
157203.TToyota Motor Corp0.85%4,056,019$79M149

Showing 1–15 of 659 holdings

DBEF Performance

Launched Jun 9, 2011

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

DBEF$11,677
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. DBEF $11,677. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 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 DBEF. Periods over one year show the average yearly return.
PeriodDBEF
Year to date+13.8%
1 month−0.4%
3 months−0.4%
1 year+16.8%
3 yearsper year+19.9%
5 yearsper year+12.9%
10 yearsper year+11.9%

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 DBEF
YearReturn barDBEF
2026 YTD+13.8%
2025+23.2%
2024+13.4%
2023+20.2%
2022−5.1%
2021+19.6%
2020+2.0%

DBEF in the news

DBEF 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 Oct 30, 2026.
2.28%Last 12 months
Payout per share
$1.25Last 12 months
Last payment
$1.25 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. 19 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.57; Dec 19, 2017 $0.38; Jun 20, 2018 $0.30; Dec 19, 2018 $0.60; Jun 28, 2019 $0.68; Dec 18, 2019 $0.34; Jun 26, 2020 $0.37; Dec 18, 2020 $0.44; Jun 25, 2021 $0.66; Dec 17, 2021 $0.24; Jun 24, 2022 $0.50; Dec 7, 2022 $4.47; Dec 16, 2022 $0.14; Jun 23, 2023 $1.61; Dec 15, 2023 $0.03; Jun 21, 2024 $0.24; Dec 20, 2024 $0.30; Jun 20, 2025 $1.42; Dec 19, 2025 $1.25. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Dec 19, 2025Dec 29, 2025$1.25
Jun 20, 2025Jun 27, 2025$1.42
Dec 20, 2024Dec 30, 2024$0.30
Jun 21, 2024Jun 28, 2024$0.24
Dec 15, 2023Dec 22, 2023$0.03
Jun 23, 2023Jun 30, 2023$1.61
Dec 16, 2022Dec 23, 2022$0.14
Dec 7, 2022Dec 14, 2022$4.47
Jun 24, 2022Jul 1, 2022$0.50
Dec 17, 2021Dec 27, 2021$0.24
Jun 25, 2021Jul 2, 2021$0.66
Dec 18, 2020Dec 28, 2020$0.44

See all 30 payments⁠

$10,000 in DBEF 10 years ago paid $5,690 in dividends.⁠

DBEF Risk

Risk pillarB68 out of 100Rank 1 of 21 in Developed International Core
How much the fund’s monthly returns vary, scaled to a year.
8.4%
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.
1.69
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.
−15.0%
Trough Sep 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.
0.63
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.

DBEF Cost

Compare DBEF and VEA

Overpaying vs VEA, tied cheapest in Developed International Core

$6,488

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

  • DBEF 0.35%

    $7,126

  • VEA 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • DBEF 0.35%
  • VEA 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K051015202530DBEF $7,126VEA $638

Year by year

YearDBEFVEAOverpaying
10$634$55$579
20$2,454$216$2,238
30$7,126$638$6,488

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