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DBEF

GradeCNew York Stock Exchange Arca

Xtrackers MSCI EAFE Hedged Equity ETF

Major Indexes · Xtrackers · Inception 2011-06-09 · SEC filings

$55.15−0.53 (−0.95%)

As of Sep 23, 2026, 3:10 PM EDT

Intraday session: down, 69 prints from 55.68 to 55.15. Range 55.03 to 55.34. Use the arrow keys to read each point.$55.00$55.10$55.20$55.3010 AM12 PM2 PM4 PM
Expense ratio
0.35%
Fund size
$9.3B
1Y return
+23.8%
Yield · Last 12 months
2.25%
Holdings
673
Volume · 30D
0.4M sh
NAV per share
$55.16
52W range
low $45.86high $56.84

The ETF.net DBEF Grade

C

42/ 100

Rank 21 of 22 in Developed International Core⁠

Confidence Medium

Six-pillar profile for DBEF. Scores out of 100: Cost 10, Risk 69, Mission not scored, Tradability 57, Holdings 72, Durability 58. Strongest: Holdings (72). Weakest: Cost (10). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 42 of 100 sits in the C 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.
    FScore 10
    Category rank20/22 · bottom quartile

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    BScore 69
    Category rank1/22 · top 5%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 57
    Category rank9/22 · top 41%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 72
    Category rank8/21 · top 38%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    BScore 58
    Category rank12/22 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on DBEF

ETF.net Research

COverseas 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

  1. 01Tracks 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.
  2. 02Roughly 700 companies across developed markets outside the US, held by index rule rather than stock-picking.
  3. 03Launched in 2011, before the currency-hedging rush, and now a multi-billion-dollar fund with steady day-to-day trading.

Worth knowing

  1. 01The hedge costs real money: 0.35% a year, against 0.03% at unhedged core EAFE trackers like VEA and SCHF.
  2. 02Hedging cuts both ways. When the dollar weakens, the currency lift that unhedged funds pick up is stripped out here along with the drag.
  3. 03Distributions come once or twice a year, not monthly.

DBEF Holdings

As of Sep 21, 2026, 3:52 PM
Asset class
Stocks
Holdings
673
Top-10 weight
15%
Largest holding
ASML.AS2.9%

Sectors

  • Financials26.1%
  • Industrials18.7%
  • Technology11.3%
  • Health Care10.2%
  • Consumer Discr.7.5%
  • Cons. Staples6.5%
  • Materials6.1%
  • Communication4.7%
  • Energy3.7%
  • Utilities3.6%
  • Real Estate1.6%

Geography

  • Japan24.51%
  • United Kingdom13.84%
  • Switzerland9.71%
  • Germany8.66%
  • France8.54%
  • Netherlands6.59%
  • Australia6.43%
  • Spain3.91%
  • Other countries (19)17.82%

Developed 99% · Emerging 1% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 45.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001ASML.ASASML Holding NV2.89%160,589$267M194
002—Cash & Cash Equivalents2.44%0$225M67
003HSBA.LHSBC Holdings PLC1.56%7,105,757$144M145
004ROP.SWRoche Holding AG Part1.37%290,278$126M196
005SHEL.LShell PLC1.23%2,394,999$114M159
006NOVN.SWNovartis AG-Reg1.15%757,527$106M183
007AZN.LAstraZeneca PLC1.14%625,616$105M164
0088306.TMitsubishi UFJ Financial Group1.11%4,417,371$102M155
009NESN.SWNestle SA-Reg1.07%1,066,173$99M162
010BHP.AXBHP Billiton Ltd0.99%2,100,475$91M151
011SIE.DESiemens AG-Reg0.99%300,382$91M152
012SAP.DESAP SE0.96%419,098$88M163
013SAN.MCBanco Santander SA0.92%5,896,507$85M134
014ALV.DEAllianz SE-Reg0.87%157,049$80M158
0157203.TToyota Motor Corp0.82%3,923,619$76M136

Showing 1–15 of 662 holdings

DBEF Performance

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

DBEF$12,377
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. DBEF $12,377. SPY $11,723. Use the arrow keys to read each point.$9,286$11,061$12,835Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

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.

Trailing total return for DBEF. Periods over one year show the average yearly return.
PeriodDBEF
Year to date+15.7%
1 month−0.3%
3 months+1.4%
1 year+23.8%
3 years+19.3%per year
5 years+13.6%per year
10 years+12.1%per year

As of the close, 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+15.7%
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 Sep 22, 2026.
2.25%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

DBEF Risk

How much the fund’s monthly returns vary, scaled to a year.
8.6%
Annualised · 36 months to Aug 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.
1.59
vs 3-month T-bills · to Aug 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.
0.62
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.

DBEF Cost

Expense ratio0.35%
  • The middle half of Developed International Core funds
  • Median 0.09%

18 of the 21 Developed International Core funds charge less.

DBEF costs $35.00 a year on $10,000. The median Developed International Core fund costs $9.00.