DBEF vs IDEV: Grades, Fees and Holdings Compared

Xtrackers MSCI EAFE Hedged Equity ETF

DBEFDNYSE Arca

iShares Core MSCI International Developed Markets ETF

IDEVANYSE Arca

Overlap

73.4%by weight

Expense ratio

IDEV −0.31pt a year

DBEF0.35%IDEV0.04%

Avg volume · 30D

IDEV 3.8×the volume

DBEF491KIDEV1.88M

5Y return · a year

DBEF +4.3pt

DBEF+12.9%IDEV+8.6%

DBEF vs IDEV Performance

Oct 29, 2021 – Oct 30, 2026

+83.8%DBEF+51.0%IDEV

Expense ratio: DBEF 0.35%; IDEV 0.04%, better
Fund size: DBEF $9.32B; IDEV $33.8B
1Y total return: DBEF +16.8%, better; IDEV +14.3%
Yield (12M): DBEF 2.28%; IDEV 3.22%, better
Holdings: DBEF 659; IDEV 2330
Avg volume (30D): DBEF 491K sh; IDEV 1.88M sh, better
NAV per share: DBEF $54.85; IDEV $89.09
52W range

ETF.net Grade

Pillar letters and Scores for DBEF, IDEV, with each pillar’s weight
Pillar	DBEF	IDEV
Cost30% weight	F10	A90Higher
Mission25% weight	Not scored	A100
Risk15% weight	B68Higher	C44
Tradability15% weight	C49	A70Higher
Holdings10% weight	B69	A93Higher
Durability5% weight	B60	B60

Rank among Developed International Core funds

How we build Categories ›

Same Category. DBEF and IDEV are both graded against the same 20 Developed International Core funds, so their Grades compare head to head.

Developed International Core⁠

Category · 20 funds

See all 20 ›

IDEV ranks 1st and DBEF 19th of 20 funds in the Developed International Core Category.

Rank 1AIDEViShares Core MSCI International Developed Markets ETFScore 81
Rank 2ASPDWState Street SPDR Portfolio Developed World ex-US ETFScore 80
Rank 18CHFXINYLI FTSE International Equity Currency Neutral ETFScore 41
Rank 19DDBEFXtrackers MSCI EAFE Hedged Equity ETFScore 40
Rank 19DHEFAiShares Currency Hedged MSCI EAFE ETFScore 40

Our read on each fund

ETF.net Research

DBEFDXtrackers MSCI EAFE Hedged Equity ETF

IDEVAiShares Core MSCI International Developed Markets ETF

In short

DBEF Overseas 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.

IDEV One ticker for the developed world outside America, top to bottom: roughly 2,300 large, mid and small caps for four basis points. iShares built this as a Core building block and priced it like one.

Stated mandate

DBEF 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.

IDEV The fund seeks to track an index of large-, mid-, and small-cap equities from developed markets outside the United States.

Why people hold it

DBEF 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.

IDEV Charges 0.04% a year while the typical developed-markets core fund charges 0.18%. That is roughly a fifth of the usual freight.
Goes all-cap, not just blue chips: roughly 2,300 large, mid and small companies from developed markets outside the US, so the small end is not left on the cutting room floor.ishares.com
A plain index wrapper on the MSCI World ex USA IMI Index. No tilts, no manager discretion, and it has run that same mandate since 2017.
Multi-billion-dollar fund that trades actively, and one of the stronger implementations in a crowded developed-markets core group.

Worth knowing

DBEF 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.

IDEV VEA, SPDW and SCHF each run a basis point cheaper. Pennies on most balances, but IDEV is not the absolute cost floor of the group.
Distributions come annually or semiannually rather than monthly, so cash arrives in lumps.
Every holding is priced in a foreign currency, so moves in the dollar show up in your returns alongside the stocks themselves.

Full DBEF profile⁠

Full IDEV profile⁠

DBEF vs IDEV Holdings

How DBEF and IDEV differ

Overlap by weight

73.4%

Shared holdings make up 95.9% of DBEF and 73.4% of IDEV.

Level by level

Holdings642 in both73.4%
Countryby domicile86.5%
Sector11 Sectors95.1%
Asset classEquity100%

Sector

Sector weights in DBEF and IDEV, widest gap first
Sector	More in DBEFMore in IDEV	DBEF	IDEV
Materials	IDEV +2.1 points	5.9%	8.0%
Energy	IDEV +1.8 points	4.0%	5.8%
Industrials	DBEF +1.1 points	18.7%	17.6%
Health Care	DBEF +1.0 points	10.1%	9.1%
Financials	DBEF +1.0 points	26.1%	25.1%
Communication	DBEF +0.9 points	4.7%	3.8%
Real Estate	IDEV +0.8 points	1.5%	2.3%
Technology	DBEF +0.5 points	12.0%	11.5%
Consumer Staples	DBEF +0.3 points	6.4%	6.1%
Utilities	DBEF +0.1 points	3.6%	3.5%
Consumer Discretionary	Same weight	7.2%	7.2%

Country, concentration and asset class

Country by domicile

Country weights in DBEF and IDEV, widest gap first
Country	More in DBEFMore in IDEV	DBEF	IDEV
Canada	IDEV +13.0 points	0.0%	13.0%
Switzerland	DBEF +2.2 points	10.3%	8.1%
Germany	DBEF +1.5 points	8.8%	7.3%
United States	DBEF +1.4 points	1.4%	0.0%
Netherlands	DBEF +1.4 points	6.0%	4.6%
United Kingdom	DBEF +1.2 points	14.1%	12.9%
Finland	DBEF +0.9 points	0.9%	0.0%
Norway	DBEF +0.7 points	0.7%	0.0%
Other countries (18)	DBEF +3.8 points	57.8%	54.0%

Outside the US: DBEF 99% developed, 1% emerging. IDEV 99% developed, 1% emerging.

Concentration

Weight in the 10 largest Holdings

DBEF15.3%
IDEV11.1%

Securities held

DBEF657
IDEV2,311

Asset class

DBEF: Equity
IDEV: Equity

Holdings

Only in DBEF15
In both642
Only in IDEV1,669

Only in DBEF

15 securities, 2.0% of DBEF by weight

Spotify Technology SA0.40%
Glencore PLC0.30%
Argenx SE0.26%
Teva Pharmaceutical Industries Ltd0.22%
iShares Core SPI ETF (CH)0.13%
ArcelorMittal0.12%
iShares Currency Hedged MSCI EAFE ETF0.10%
Coca-Cola European Partners0.10%
STMicroelectronics NV0.10%
UPM-Kymmene OYJ0.06%
Coca-Cola HBC AG-CDI0.06%
Check Point Software Technologies Ltd0.06%
Jardine Matheson Holdings Ltd0.04%
STMicroelectronics NV EUR 1.04 ADR0.04%
Jeronimo Martins SGPS SA0.03%

Only in IDEV

1,669 securities, 26.0% of IDEV by weight

Royal Bank of Canada0.98%
Toronto Dominion0.72%
Shopify Subordinate Voting Class A0.67%
Bank of Montreal0.41%
Canadian Natural Resources Ltd0.41%
Bank of Nova Scotia0.40%
Enbridge0.37%
Canadian Imperial Bank of Commerce0.37%
Suncor Energy Inc0.33%
Spotify Technology0.31%
Agnico Eagle Mines0.29%
Canadian Pacific Kansas City0.28%
Brookfield Class A0.27%
Manulife Financial0.26%
Tc Energy0.23%
Glencore PLC0.23%
Canadian National Railway0.22%
Barrick Mining0.22%
National Bank of Canada0.21%
Argenx0.20%
Wheaton Precious Metals0.18%
Teva Pharmaceutical Industries0.18%
Constellation Software0.17%
Cenovus Energy0.16%
Sun Life Financial Inc0.15%
Franco Nevada0.15%
Dollarama0.14%
Alimentation Couche Tard Inc0.14%
Power Corporation of Canada0.13%
Fairfax Financial Holdings Sub Vot0.12%
Cameco0.12%
Nutrien Ltd0.11%
Celestica0.11%
Intact Financial Corp0.11%
Stmicroelectronics0.11%
Loblaw Companies Ltd0.10%
Fortis0.10%
Pembina Pipeline0.10%
Teck Resources Subordinate Voting0.10%
Arcelormittal SA0.09%
Kinross Gold0.08%
Coca Cola Europacific Partners PLC0.08%
Restaurants Brands International0.08%
Imperial Oil Ltd0.07%
Bombardier Class B0.07%
Whitecap Resources Inc0.06%
Great West Lifeco Inc0.06%
Wsp Global Inc0.06%
Thomson Reuters Corp0.06%
Tourmaline Oil Corp0.06%

Weight gaps

The 100 widest of 642 Holdings in both funds.

Holding weights in DBEF and IDEV, widest gap first
Holding	More in DBEFMore in IDEV	DBEF	IDEV
ASML Holding NV	DBEF +0.66 points	2.80%	2.14%
Roche Holding AG Part	DBEF +0.37 points	1.57%	1.20%
Shell PLCSHEL.L	DBEF +0.35 points	1.44%	1.09%
HSBC Holdings PLCHSBA.L	DBEF +0.33 points	1.35%	1.02%
Novartis AG-Reg	DBEF +0.32 points	1.36%	1.04%
AstraZeneca PLCAZN.L	DBEF +0.31 points	1.29%	0.99%
Nestle SA-Reg	DBEF +0.29 points	1.21%	0.92%
Sap SE	DBEF +0.26 points	1.10%	0.84%
Mitsubishi UFJ Financial Group	DBEF +0.25 points	1.07%	0.82%
Siemens AG-Reg	DBEF +0.23 points	0.98%	0.75%
BHP Billiton Ltd	DBEF +0.22 points	0.94%	0.72%
Commonwealth Bank of Australia	DBEF +0.21 points	0.90%	0.69%
Allianz SE-Reg	DBEF +0.21 points	0.86%	0.65%
Toyota Motor Corp	DBEF +0.21 points	0.85%	0.64%
Total SA	DBEF +0.20 points	0.85%	0.65%
Advantest Corp	DBEF +0.18 points	0.74%	0.56%
Recruit Holdings Co Ltd	DBEF +0.18 points	0.74%	0.56%
Banco Santander SA	DBEF +0.17 points	0.74%	0.57%
Iberdrola SA	DBEF +0.16 points	0.70%	0.54%
Sumitomo Mitsui Financial Group	DBEF +0.16 points	0.68%	0.52%
Sony Corp	DBEF +0.16 points	0.67%	0.51%
Schneider Electric SE	DBEF +0.16 points	0.67%	0.51%
Hitachi Ltd	DBEF +0.15 points	0.65%	0.50%
Unilever PLC NpvULVR.L	DBEF +0.15 points	0.64%	0.49%
UBS Group AG	DBEF +0.16 points	0.68%	0.52%
Rolls-Royce Holdings PLCRR.L	DBEF +0.16 points	0.64%	0.48%
Tokyo Electron Ltd	DBEF +0.15 points	0.62%	0.47%
Banco Bilbao Vizcaya Argentari	DBEF +0.14 points	0.60%	0.46%
Novo-Nordisk B	DBEF +0.14 points	0.59%	0.45%
Bp PLCBP.L	DBEF +0.14 points	0.60%	0.46%
ABB Ltd-Reg	DBEF +0.14 points	0.61%	0.47%
Airbus SE	DBEF +0.14 points	0.58%	0.44%
British American Tobacco PLCBATS.L	DBEF +0.13 points	0.56%	0.43%
DBS Group Holdings Ltd	DBEF +0.13 points	0.54%	0.41%
L'Oreal SA	DBEF +0.13 points	0.54%	0.41%
Air Liquide SA	DBEF +0.13 points	0.57%	0.44%
UniCredit SpA	DBEF +0.12 points	0.51%	0.39%
LVMH Moet Hennessy Louis Vuitton	DBEF +0.12 points	0.49%	0.37%
Zurich Insurance Group AG	DBEF +0.12 points	0.51%	0.39%
Hong Kong Exchanges & Clear	DBEF +0.12 points	0.26%	0.14%
Siemens Energy AG	DBEF +0.12 points	0.50%	0.38%
Compagnie Financiere Richemont SA	DBEF +0.11 points	0.49%	0.38%
Safran SA	DBEF +0.12 points	0.49%	0.37%
Mizuho Financial Group Inc	DBEF +0.11 points	0.52%	0.41%
Gsk PlcGSK.L	DBEF +0.11 points	0.46%	0.35%
SoftBank Group Corp	DBEF +0.11 points	0.48%	0.37%
Sanofi-Aventis	DBEF +0.11 points	0.45%	0.34%
Kioxia Holdings Corp	DBEF +0.11 points	0.45%	0.34%
Tokio Marine Holdings Inc	DBEF +0.10 points	0.45%	0.35%
BNP Paribas SA	DBEF +0.10 points	0.43%	0.33%
AIA Group Ltd	DBEF +0.11 points	0.46%	0.35%
Deutsche Telekom AG-Reg	DBEF +0.10 points	0.45%	0.35%
Intesa Sanpaolo SpA	DBEF +0.11 points	0.43%	0.32%
Keyence Corp	DBEF +0.10 points	0.43%	0.33%
National Australia Bank Ltd	DBEF +0.10 points	0.42%	0.32%
Mitsubishi Corp	DBEF +0.10 points	0.43%	0.33%
Australia & New Zealand Banking Group Ltd	DBEF +0.10 points	0.40%	0.30%
Westpac Banking Corp	DBEF +0.09 points	0.40%	0.31%
Rio Tinto PLCRIO.L	DBEF +0.09 points	0.40%	0.31%
ING Groep NV	DBEF +0.10 points	0.42%	0.32%
National Grid PLCNG.L	DBEF +0.09 points	0.38%	0.29%
BAE Systems PLCBA.L	DBEF +0.09 points	0.37%	0.28%
Fast Retailing Co Ltd	DBEF +0.09 points	0.40%	0.31%
Oversea-Chinese Banking Corp	DBEF +0.09 points	0.35%	0.26%
Barclays PLCBARC.L	DBEF +0.08 points	0.34%	0.26%
Enel SpA	DBEF +0.08 points	0.36%	0.28%
Lloyds Banking Group PLCLLOY.L	DBEF +0.08 points	0.33%	0.25%
Investor AB	DBEF +0.08 points	0.35%	0.27%
Anheuser-Busch InBev SA/NV	DBEF +0.08 points	0.33%	0.25%
ITOCHU Corp	DBEF +0.08 points	0.37%	0.29%
Muenchener Rueckversicherungs-Reg	DBEF +0.07 points	0.36%	0.29%
Mitsui & Co Ltd	DBEF +0.08 points	0.35%	0.27%
Infineon Technologies AG	DBEF +0.08 points	0.34%	0.26%
Axa SA	DBEF +0.08 points	0.34%	0.26%
Relx PLCREL.L	DBEF +0.07 points	0.32%	0.25%
Mitsubishi Heavy Industries Ltd	DBEF +0.07 points	0.32%	0.25%
Takeda Pharmaceutical Co Ltd	DBEF +0.07 points	0.31%	0.24%
Industria de Diseno Textil SA	DBEF +0.07 points	0.31%	0.24%
Macquarie Group Ltd	DBEF +0.07 points	0.30%	0.23%
Swiss Re AG	DBEF +0.07 points	0.25%	0.18%
CSL Ltd	DBEF +0.07 points	0.31%	0.24%
Wesfarmers Ltd	DBEF +0.07 points	0.28%	0.21%
Murata Manufacturing Co Ltd	DBEF +0.07 points	0.30%	0.23%
NatWest Group PLCNWG.L	DBEF +0.06 points	0.28%	0.22%
Deutsche Boerse AG	DBEF +0.07 points	0.30%	0.23%
Shin-Etsu Chemical Co Ltd	DBEF +0.07 points	0.29%	0.22%
Deutsche Post AG-REG	DBEF +0.07 points	0.28%	0.21%
Nintendo Co Ltd	DBEF +0.06 points	0.26%	0.20%
Essilor International SA	DBEF +0.07 points	0.28%	0.21%
Mitsubishi Electric Corp	DBEF +0.06 points	0.26%	0.20%
Bayer AG	DBEF +0.05 points	0.25%	0.20%
Hermes International	DBEF +0.06 points	0.23%	0.17%
Deutsche Bank AG-Registered	DBEF +0.05 points	0.26%	0.21%
Lonza Group AG-REG	DBEF +0.06 points	0.25%	0.19%
Compass Group PLCCPG.L	DBEF +0.06 points	0.26%	0.20%
Vinci SA	DBEF +0.06 points	0.26%	0.20%
Basf SE	DBEF +0.06 points	0.24%	0.18%
Rheinmetall Ag	DBEF +0.06 points	0.25%	0.19%
Eni SpA	DBEF +0.05 points	0.25%	0.20%
London Stock Exchange Group PLCLSEG.L	DBEF +0.05 points	0.25%	0.20%

All 670 DBEF holdings⁠All 2,313 IDEV holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

DBEF vs IDEV Cost

Overpaying DBEF vs IDEV

$6,277

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

DBEF 0.35%
$7,126
IDEV 0.04%
$849

Amount$10,000

Years30 years

Cost over time

DBEF 0.35%
IDEV 0.04%
Overpaying

Year by year

Year	DBEF	IDEV	Overpaying
10	$634	$73	$561
20	$2,454	$288	$2,166
30	$7,126	$849	$6,277

Expense ratio

0.35%DBEF
0.04%IDEV, cheaper

IDEV0.04%DBEF0.35%

0.03%0.70%

Middle half of Developed International Core funds
Median 0.10%

IDEV 4th cheapest of 20 funds

DBEF 18th cheapest of 20 funds

DBEF vs IDEV Dividends

Last 12 months to Oct 30, 2026

Yield (12M): DBEF 2.28%; IDEV 3.22%, better
Payout (12M): DBEF $1.25; IDEV $2.87
Last payment: DBEF $1.25; IDEV $1.34
Ex-dividend: DBEF Dec 19, 2025; IDEV Jun 15, 2026
Paid on: DBEF Dec 29, 2025; IDEV Jun 18, 2026
Frequency: DBEF Twice a year; IDEV Twice a year

Distribution history

Per share, 2017 to 2026, same scale for both

DBEFTwice a year · 19 paymentsAll DBEF payments⁠

IDEVTwice a year · 20 paymentsAll IDEV payments⁠

DBEF vs IDEV Risk

Fall from peak · 5 years

DBEF
IDEV

Risk facts

VolatilityStd dev, 3 years: DBEF 8.4%, betterIDEV 11.8%
Return per unit of riskSharpe ratio, 3 years: DBEF 1.69, betterIDEV 1.26
Worst fallMax drawdown, 5 years: DBEF −15.0%, betterIDEV −29.1%
Market sensitivityBeta, 5 years: DBEF 0.63IDEV 0.80; Market = 1

DBEF and IDEV in the news

All news⁠

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Updated Nov 2, 2026IDEV
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Vanguard's total international fund is the one-fund pick, and Korea splits the rest
Updated Oct 2, 2026IDEV
Deep Dive
Hedged Japan funds rose 0.7% as the yen fell; VGK dropped 1.8%
Sep 20, 2026DBEF

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DBEF vs IDEV

In short

Stated mandate

Why people hold it