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Launched · SEC filings

Xtrackers MSCI Eurozone Hedged Equity ETF

DBEZNYSE ArcaXtrackersC

$61.12+0.24 (+0.40%)

As of Nov 2, 2026, 3:33 PM ET

C42/ 100

Rank 4 of 5 in International Stocks (USD-Hedged)

C42/100Rank 4 of 5inInternational Stocks (USD-Hedged)
Intraday session: up, 68 prints from 60.87 to 61.12. Range 60.87 to 61.27. Use the arrow keys to read each point.61.0061.2010 AM12 PM2 PM4 PM
Expense ratio
0.45%
Fund size
$67M
1Y total return
+13.3%
Yield · Last 12 months
1.30%
Holdings
595
Avg volume · 30D
3.51K sh
52W range
low $52.71high $64.77
Launched
Filings
SEC EDGAR

The ETF.net DBEZ Grade

Based on 5 of 6 pillars

C

Score 42 out of 100

Category
International Stocks (USD-Hedged)⁠
Rank
4 of 5
Six-pillar profile for DBEZ. Scores out of 100: Cost 53, Risk 42, Mission not scored, Tradability 23, Holdings 50, Durability 31. Strongest: Cost (53). Weakest: Tradability (23). Based on 5 of 6 pillars.

Score 42 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.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    C53 out of 100
    Rank 2 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.
    C42 out of 100
    Rank 5 of 5

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F23 out of 100
    Rank 5 of 5

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C50 out of 100
    Rank 4 of 5

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    D31 out of 100
    Rank 5 of 5

Our read on DBEZ

ETF.net Research

In short

CA euro-hedged Eurozone fund that doesn't stop at blue chips: its MSCI EMU IMI index reaches down through mid and small caps, roughly 600 stocks, while currency forwards strip out most euro-versus-dollar movement.

Stated mandate

The Fund seeks investment results that generally correspond to the performance of its underlying Eurozone equity index before fees and expenses.

Why people hold it

  • Goes deeper than the usual large-cap Europe fund: the index captures large, mid and small caps across euro-member markets, around 99% of the region's free-float market value.msci.com
  • The hedge is rules-based, not a manager's currency call. The index sells euro exposure with one-month forward contracts and rolls them at each month end.msci.com
  • Single-currency by design: euro members only, so no UK, Swiss or non-euro Nordic names dilute the trade.msci.com
  • Running since 2014, so the mechanism has operated through stretches of both euro strength and dollar strength.

Worth knowing

  • At 0.45% a year it costs more than the typical fund in its international peer group (median 0.35%) and well more than broad international index funds like VXUS at 0.05%.
  • Hedging cuts both ways: a rising euro no longer adds to your dollar return, and the forward roll reflects the gap between US and euro short-term rates.msci.comdws.com
  • A smaller, lightly traded fund whose distributions land once or twice a year, so spreads and limit orders matter more than with the category giants.

DBEZ Holdings

Holdings pillarC50 out of 100Rank 4 of 5 in International Stocks (USD-Hedged)
Asset class
Stocks
Holdings
595
Top-10 weight
27%
Largest holding
ASML.AS7.7%

Sectors

  • Financials25.1%
  • Industrials20.7%
  • Technology16.3%
  • Consumer Discretionary7.7%
  • Utilities6.0%
  • Health Care5.7%
  • Consumer Staples5.1%
  • Materials4.5%
  • Energy4.2%
  • Communication3.5%
  • Real Estate1.1%

Geography

  • Germany25.71%
  • France24.08%
  • Netherlands17.01%
  • Spain10.64%
  • Italy8.94%
  • Belgium3.02%
  • United States2.85%
  • Finland2.79%
  • Other countries (9)4.96%

Developed 100% · Emerging 0% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 40.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1ASML.ASASML Holding NV7.73%3,292$5.19M193
2SAP.DESap SE3.02%8,610$2.03M172
3SIE.DESiemens AG-Reg2.71%6,146$1.82M154
4ALV.DEAllianz SE-Reg2.35%3,220$1.58M161
5TTE.PATotal SA2.33%16,424$1.57M159
6SAN.MCBanco Santander SA2.04%121,141$1.37M139
7IBE.MCIberdrola SA1.93%52,479$1.3M164
8SU.PASchneider Electric SE1.84%4,669$1.24M174
9BBVA.MCBanco Bilbao Vizcaya Argentari1.66%47,314$1.11M144
10AIR.PAAirbus SE1.62%5,055$1.09M129
11AI.PAAir Liquide SA1.59%5,287$1.07M122
12OR.PAL'Oreal SA1.47%2,025$988K134
13UCG.MIUniCredit SpA1.40%11,496$938K155
14ENR.DESiemens Energy AG1.39%6,581$933K163
15MC.PALVMH Moet Hennessy Louis Vuitton1.36%2,110$912K140

Showing 1–15 of 595 holdings

DBEZ Performance

Launched Dec 10, 2014

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

DBEZ$11,333
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. DBEZ $11,333. 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 DBEZ. Periods over one year show the average yearly return.
PeriodDBEZ
Year to date+10.5%
1 month−1.6%
3 months−2.8%
1 year+13.3%
3 yearsper year+19.6%
5 yearsper year+11.0%
10 yearsper year+11.4%

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 DBEZ
YearReturn barDBEZ
2026 YTD+10.5%
2025+26.2%
2024+9.5%
2023+21.8%
2022−10.2%
2021+23.5%
2020+0.4%

DBEZ in the news

DBEZ 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.
1.30%Last 12 months
Payout per share
$0.79Last 12 months
Last payment
$0.04 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. 17 payments from 2017 to 2026 YTD. Jun 21, 2017 $0.51; Dec 19, 2017 $0.13; Jun 20, 2018 $0.50; Dec 19, 2018 $0.18; Jun 28, 2019 $0.79; Dec 18, 2019 $0.17; Jun 26, 2020 $0.28; Dec 18, 2020 $0.37; Jun 25, 2021 $0.58; Dec 17, 2021 $0.08; Jun 24, 2022 $0.59; Jun 23, 2023 $0.77; Jun 21, 2024 $0.03; Dec 20, 2024 $0.25; Jun 20, 2025 $1.57; Dec 19, 2025 $0.75; Jun 18, 2026 $0.04. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Jun 18, 2026Jun 26, 2026$0.04
Dec 19, 2025Dec 29, 2025$0.75
Jun 20, 2025Jun 27, 2025$1.57
Dec 20, 2024Dec 30, 2024$0.25
Jun 21, 2024Jun 28, 2024$0.03
Jun 23, 2023Jun 30, 2023$0.77
Jun 24, 2022Jul 1, 2022$0.59
Dec 17, 2021Dec 27, 2021$0.08
Jun 25, 2021Jul 2, 2021$0.58
Dec 18, 2020Dec 28, 2020$0.37
Jun 26, 2020Jul 6, 2020$0.28
Dec 18, 2019Dec 24, 2019$0.17

See all 21 payments⁠

$10,000 in DBEZ 10 years ago paid $3,188 in dividends.⁠

DBEZ Risk

Risk pillarC42 out of 100Rank 5 of 5 in International Stocks (USD-Hedged)
How much the fund’s monthly returns vary, scaled to a year.
10.9%
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.
1.30
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.
−23.4%
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.
0.73
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.

DBEZ Cost

Compare DBEZ and DBAW

Overpaying vs DBAW, cheapest in International Stocks (USD-Hedged)

$951

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

  • DBEZ 0.45%

    $9,041

  • DBAW 0.40% Cheapest

    $8,090

$10,000
30 years

Cost over time

  • DBEZ 0.45%
  • DBAW 0.40%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2K$4K$6K$8K$10K051015202530DBEZ $9,041DBAW $8,090

Year by year

YearDBEZDBAWOverpaying
10$812$723$89
20$3,128$2,793$335
30$9,041$8,090$951

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