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Launched · SEC filings

Xtrackers MSCI Emerging Markets Hedged Equity ETF

DBEMNYSE ArcaXtrackersC

$35.92+0.17 (+0.47%)

As of Nov 2, 2026, 3:45 PM ET

C39/ 100

Rank 4 of 5 in MSCI Emerging Markets Core

C39/100Rank 4 of 5inMSCI Emerging Markets Core
Intraday session: up, 70 prints from 35.75 to 35.92. Range 35.75 to 36.56. Use the arrow keys to read each point.36.2036.4036.6010 AM12 PM2 PM4 PM
Expense ratio
0.66%
Fund size
$104M
1Y total return
+14.0%
Yield · Last 12 months
2.33%
Holdings
1132
Avg volume · 30D
10.5K sh
52W range
low $30.85high $45.42
Launched
Filings
SEC EDGAR

The ETF.net DBEM Grade

Based on 5 of 6 pillars

C

Score 39 out of 100

Category
MSCI Emerging Markets Core⁠
Rank
4 of 5
Six-pillar profile for DBEM. Scores out of 100: Cost 42, Risk 50, Mission not scored, Tradability 15, Holdings 61, Durability 30. Strongest: Holdings (61). Weakest: Tradability (15). Based on 5 of 6 pillars.

Score 39 of 100 falls in the D 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 C 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.
    C42 out of 100
    Rank 3 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.
    C50 out of 100
    Rank 2 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F15 out of 100
    Rank 5 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B61 out of 100
    Rank 2 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D30 out of 100
    Rank 5 of 5

Our read on DBEM

ETF.net Research

In short

CMost emerging-markets funds hand you two bets: the stocks and the currencies. DBEM keeps the first and damps the second, tracking an MSCI EM index built to reduce the effect of dollar moves against selected emerging-market currencies.

Stated mandate

Using a passive indexing approach, the Fund seeks returns that generally track the MSCI EM US Dollar Hedged Index before fees and expenses. The index provides emerging-market equity exposure while reducing the effect of U.S.-dollar movements against selected emerging-market currencies.

Why people hold it

  • A rare thing in US-listed EM core: a passive wrapper with a built-in currency overlay. It tracks the MSCI EM US Dollar Hedged Index rather than leaving the whole FX leg open.
  • Broad, not a narrow slice. Passive indexing across roughly 1,200 emerging-market stocks, so the hedge sits on top of full-market exposure.
  • Trading since 2011, so the hedging machinery has run through multiple dollar cycles instead of arriving with the latest FX fashion.

Worth knowing

  • The overlay costs: 0.66% a year, against 0.09% for plain unhedged IEMG. That gap buys the currency mechanics, not different stocks.
  • The index hedges selected emerging-market currencies, not all of them, so some dollar moves still flow through to returns.
  • One of the thinner-traded, smaller-asset names in its EM peer group, which generally shows up as wider bid-ask spreads than the category giants.

DBEM Holdings

Holdings pillarB61 out of 100Rank 2 of 5 in MSCI Emerging Markets Core
Asset class
Stocks
Holdings
1,132
Top-10 weight
38%
Largest holding
2330.TW15.5%

Sectors

  • Technology44.1%
  • Financials19.2%
  • Consumer Discretionary7.5%
  • Industrials6.1%
  • Communication5.9%
  • Materials5.7%
  • Energy3.5%
  • Health Care2.9%
  • Consumer Staples2.5%
  • Utilities1.8%
  • Real Estate0.9%

Geography

  • Taiwan30.32%
  • South Korea21.18%
  • China19.54%
  • India12.06%
  • Brazil4.03%
  • South Africa2.79%
  • Mexico1.85%
  • Poland1.30%
  • Other countries (13)6.92%

Developed 1% · Emerging 99% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 76.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
12330.TWTaiwan Semiconductor Manufacturing15.48%221,617$16.1M176
2005930.KSSamsung Electronics Co Ltd6.82%42,122$7.1M182
3000660.KSSK Hynix Inc5.08%4,979$5.29M186
40700.HKTencent Holdings Ltd (CN)2.59%55,088$2.69M152
5No dataCash & Cash Equivalents2.55%0$2.65M65
69988.HKAlibaba Group Holding Ltd1.74%146,577$1.81M124
72454.TWMediaTek Inc1.50%12,992$1.56M169
80939.HKChina Construction Bank Corp-H0.96%762,365$997K113
9005935.KSSamsung Electronics Co Ltd-PFD0.91%7,248$946K85
102317.TWHon Hai Precision Industry Co0.80%110,646$833K122
11HDFCBANK.BOHdfc Bank Ltd0.72%103,283$754K37
122308.TWDelta Electronics Inc0.69%17,532$718K156
13ICICIBANK.BOICICI Bank Ltd0.68%48,333$712K34
143711.TWASE Industrial Holding Co Ltd0.60%30,375$622K116
15RELIANCE.BOReliance Industries0.59%50,379$618K36

Showing 1–15 of 1132 holdings

DBEM 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.

DBEM$11,396
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. DBEM $11,396. SPY $11,199. Use the arrow keys to read each point.$10,000$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 DBEM. Periods over one year show the average yearly return.
PeriodDBEM
Year to date+13.4%
1 month−8.7%
3 months−5.7%
1 year+14.0%
3 yearsper year+21.4%
5 yearsper year+7.9%
10 yearsper year+8.4%

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 DBEM
YearReturn barDBEM
2026 YTD+13.4%
2025+30.4%
2024+10.6%
2023+10.6%
2022−17.0%
2021−2.3%
2020+18.1%

DBEM in the news

DBEM 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.
2.33%Last 12 months
Payout per share
$0.83Last 12 months
Last payment
$0.41 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. 18 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.03; Dec 19, 2017 $0.33; Dec 19, 2018 $0.60; Jun 28, 2019 $0.18; Dec 18, 2019 $0.44; Jun 26, 2020 $0.11; Dec 18, 2020 $0.37; Jun 25, 2021 $0.23; Dec 17, 2021 $0.24; Jun 24, 2022 $0.27; Dec 16, 2022 $0.30; Jun 23, 2023 $0.30; Dec 15, 2023 $0.29; Jun 21, 2024 $0.18; Dec 20, 2024 $0.43; Jun 20, 2025 $0.17; Dec 19, 2025 $0.42; Jun 18, 2026 $0.41. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 26, 2026$0.41
Dec 19, 2025Dec 29, 2025$0.42
Jun 20, 2025Jun 27, 2025$0.17
Dec 20, 2024Dec 30, 2024$0.43
Jun 21, 2024Jun 28, 2024$0.18
Dec 15, 2023Dec 22, 2023$0.29
Jun 23, 2023Jun 30, 2023$0.30
Dec 16, 2022Dec 23, 2022$0.30
Jun 24, 2022Jul 1, 2022$0.27
Dec 17, 2021Dec 27, 2021$0.24
Jun 25, 2021Jul 2, 2021$0.23
Dec 18, 2020Dec 28, 2020$0.37

See all 28 payments⁠

$10,000 in DBEM 10 years ago paid $2,834 in dividends.⁠

DBEM Risk

Risk pillarC50 out of 100Rank 2 of 5 in MSCI Emerging Markets Core
How much the fund’s monthly returns vary, scaled to a year.
14.8%
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.
1.09
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.
−26.9%
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.
0.92
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.

DBEM Cost

Compare DBEM and IEMG

Overpaying vs IEMG, cheapest in MSCI Emerging Markets Core

$10,998

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

  • DBEM 0.66%

    $12,896

  • IEMG 0.09% Cheapest

    $1,898

$10,000
30 years

Cost over time

  • DBEM 0.66%
  • IEMG 0.09%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K051015202530DBEM $12,896IEMG $1,898

Year by year

YearDBEMIEMGOverpaying
10$1,180$165$1,015
20$4,504$646$3,858
30$12,896$1,898$10,998

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