Xtrackers MSCI EAFE Hedged Equity ETF
ALTAR
Score™
7.0% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
21.2x P/Sales
ratio
1.2x
P/BV
ratio
1.4x Div.
yield
2.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Xtrackers MSCI EAFE Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EAFE US Dollar Hedged Net Index (the "Underlying Index").

FUND BASICS
Category International Equities
Fund Sponsor Deutsche Bank AG
Website www.DBXUS.com
Inception date Jun 09, 2011
Assets (mns) $3,481
Currency USD
Expense ratio 35 bp
Distributions Semi-Annually

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Bank of New York Mellon/The
Weighting Market Cap
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 901
Wgt avg mkt cap (mns) $62,748
Large cap (>$10bn) 84.9%
Mid cap ($2-10bn) 14.3%
Small cap (<$2bn) 0.1%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
NESTLE SA-REG 2.4 %
ROCHE HOLDING AG-GENUSSCHEIN 1.6 %
NOVARTIS AG-REG 1.3 %
ASML HOLDING NV 1.1 %
SAP AG 1.1 %
LVMH MOET HENNESSY LOUIS VUI 1.0 %
TOYOTA MOTOR CORP 1.0 %
ASTRAZENECA PLC 1.0 %
NOVO NORDISK A/S-B 0.9 %
AIA GROUP LTD 0.9 %
Total 12.2 %

TOP COUNTRY EXPOSURE
JAPAN 24.8 %
BRITAIN 12.5 %
SWITZERLAND 10.3 %
FRANCE 9.9 %
GERMANY 9.1 %
AUSTRALIA 6.5 %
NETHERLANDS 4.7 %
SWEDEN 3.1 %
HONG KONG 3.0 %
DENMARK 2.5 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru September 30)
Year-to-date 1 year 5 years 10 years Since Incep.
-8.3% -3.2% 6.2% -- 8.3%

Market Correlations
versus... Beta R-squared
S&P500 0.70 77%
MSCI EAFE 0.83 89%
MSCI Emg. Mkts. 0.54 61%

Technical Indicators
Recent close $30.39
30d moving avg. $30.86
Annualized volatility 14.1%
Short interest (ETF) 0.1%
Relative strength (RSI) 44

Liquidity measures
Avg. volume (thou.) 651
Turnover 0.6%
Bid/Ask (% of price) 0.03%
ADV underlying (mns) $47,237

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 99 potential alternatives to the Xtrackers MSCI EAFE Hedged Equity ETF ETF based on the alternatives' overlap in portfolio holdings with DBEF. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: DBEF Expense: 35 bp ALTAR Score™: 7.0%


ALTERNATIVE ETFs BASED ON OVERLAP WITH DBEF
Ticker Fund
Name
Overlap1
vs DBEF
(%)
Expense
ratio
(bp)
Savings
vs DBEF
(bp)
ALTAR
Score™
(%)
ALTAR
vs DBEF
(%)
EFA iShares MSCI EAFE ETF 95.9 32 3 7.1 +0.1
GSID Goldman Sachs MarketBeta International Equity ETF 90.7 20 15 7.4 +0.4
EFAX SPDR MSCI EAFE Fossil Fuel Free ETF 89.5 20 15 7.2 +0.1
HFXI IQ 50 Percent Hedged FTSE International ETF 86.9 20 15 7.5 +0.5
PBDM Invesco PureBeta FTSE Developed ex-North America ETF 85.9 7 28 7.6 +0.6
IEFA iShares Core MSCI EAFE ETF 83.8 7 28 7.4 +0.4
BKIE BNY Mellon International Equity ETF 81.9 4 31 7.5 +0.5
SCHF Schwab International Equity ETF 80.0 6 29 7.3 +0.3
IDEV iShares Core MSCI International Developed Markets ETF 75.4 5 30 7.3 +0.3
ESGD iShares MSCI EAFE ESG Optimized ETF 73.6 20 15 7.0 -0.0
SPDW SPDR Portfolio Developed World ex-US ETF 71.0 4 31 7.2 +0.2
JHMD John Hancock Multifactor Developed International ETF 70.3 39 -4 7.4 +0.4
VEA Vanguard FTSE Developed Markets ETF 70.3 5 30 7.5 +0.4
IQSI IQ Candriam ESG International Equity ETF 67.2 15 20 7.5 +0.5
QEFA SPDR MSCI EAFE Quality Mix ETF 66.5 30 5 6.9 -0.1
CEFA Global X S&P Catholic Values Developed ex-U.S. ETF 62.8 35 0 6.9 -0.1
PXF Invesco FTSE RAFI Developed Markets ex-U.S. ETF 62.8 45 -10 9.0 +2.0
GSIE Goldman Sachs ActiveBeta International Equity ETF 62.3 25 10 6.7 -0.3
ACWX iShares MSCI ACWI ex U.S. ETF 62.1 32 3 7.3 +0.3
DBAW Xtrackers MSCI All World ex US Hedged Equity ETF 61.6 40 -5 7.1 +0.1
DBEU Xtrackers MSCI Europe Hedged Equity ETF 60.1 45 -10 6.9 -0.2
DDWM WisdomTree Dynamic Currency Hedged International Equity Fund 59.8 35 0 8.8 +1.8
IEUR iShares Core MSCI Europe ETF 59.7 9 26 7.4 +0.4
DWM WisdomTree International Equity Fund 59.5 48 -13 8.5 +1.5
FLEH Franklin FTSE Europe Hedged ETF 59.4 9 26 7.3 +0.3
FLEE Franklin FTSE Europe ETF 59.4 9 26 7.2 +0.2
CWI SPDR MSCI ACWI ex-US ETF 59.2 30 5 7.2 +0.2
FEU SPDR Portfolio Europe ETF 59.1 9 26 7.5 +0.5
VGK Vanguard FTSE Europe ETF 58.8 8 27 7.6 +0.6
FNDF Schwab Fundamental International Large Co. Index ETF 58.8 25 10 8.8 +1.8
BBEU JPMorgan BetaBuilders Europe ETF 58.6 9 26 7.5 +0.5
VEU Vanguard FTSE All-World ex-US Index Fund 57.7 8 27 7.6 +0.6
VSGX Vanguard ESG International Stock ETF 57.3 17 18 7.1 +0.1
IEV iShares Europe ETF 56.9 59 -24 7.0 +0.0
PDEV Principal International Multi-Factor Core Index ETF 56.8 25 10 8.0 +1.0
MFDX PIMCO RAFI Dynamic Multi-Factor International Equity ETF 55.8 39 -4 6.6 -0.4
DOL WisdomTree International LargeCap Dividend Fund 53.8 48 -13 9.0 +2.0
GSEU Goldman Sachs ActiveBeta Europe Equity ETF 53.7 25 10 6.6 -0.5
IXUS ishares Core MSCI Total International Stock ETF 53.6 9 26 7.4 +0.4
EFG iShares MSCI EAFE Growth ETF 52.5 40 -5 4.6 -2.5
TLTD FlexShares Morningstar Developed Markets ex-US Factor Tilt 51.1 39 -4 8.4 +1.4
ISZE iShares Edge MSCI Intl Size Factor ETF 50.6 30 5 7.3 +0.3
EFV iShares MSCI EAFE Value ETF 50.2 39 -4 9.8 +2.8
DMXF iShares ESG Advanced MSCI EAFE ETF 49.4 12 23 7.0 -0.0
CIL VictoryShares International Volatility Weighted Index ETF 48.7 45 -10 7.0 +0.0
CIZ VictoryShares Developed Enhanced Volatility Weighted Index E 48.4 45 -10 7.0 +0.0
EASG Xtrackers MSCI EAFE ESG Leaders Equity ETF 48.4 14 21 7.1 +0.0
VXUS Vanguard Total International Stock Index Fund 48.2 8 27 7.6 +0.6
ACSG Xtrackers MSCI ACWI ex USA ESG Leaders Equity ETF 48.1 16 19 7.0 -0.0
ISDX Invesco Strategic Developed ex-US ETF 46.9 23 12 7.5 +0.5
AVDE Avantis International Equity ETF 46.7 23 12 7.7 +0.7
IDY Pacific Global International Equity Income ETF 45.6 39 -4 8.2 +1.2
IQIN IQ 500 International ETF 45.4 25 10 8.8 +1.8
RESD WisdomTree International ESG Fund 41.8 30 5 6.9 -0.1
PQIN PGIM QMA Strategic Alpha International Equity ETF 40.3 29 6 7.9 +0.9
IQLT iShares Edge MSCI Intl Quality Factor ETF 37.8 30 5 6.1 -0.9
IMTM iShares Edge MSCI Intl Momentum Factor ETF 37.3 30 5 4.5 -2.6
TPIF Timothy Plan International ETF 36.6 62 -27 6.4 -0.6
RNDM Developed International Equity Select ETF 36.1 65 -30 6.3 -0.7
VYMI Vanguard International High Dividend Yield ETF 36.0 27 8 10.2 +3.2
VPL Vanguard FTSE Pacific ETF 35.6 8 27 7.4 +0.4
IPAC iShares Core MSCI Pacific ETF 35.3 9 26 7.2 +0.2
DEEF Xtrackers FTSE Developed ex US Comprehensive Factor ETF 35.3 24 11 7.0 0.0
RBIN Nationwide Risk-Based International Equity ETF 33.1 42 -7 6.1 -0.9
EFAV iShares Edge MSCI Min Vol EAFE ETF 32.6 20 15 5.4 -1.6
SCID Global X Scientific Beta Europe ETF 32.2 39 -4 0.0 -7.0
ESGG FlexShares STOXX Global ESG Impact Index Fund 32.1 42 -7 5.2 -1.8
QWLD SPDR MSCI World StrategicFactors ETF 31.3 30 5 6.1 -0.9
DBEZ Xtrackers MSCI Eurozone Hedged Equity ETF 31.3 45 -10 6.9 -0.1
EZU iShares MSCI Eurozone ETF 31.0 49 -14 6.8 -0.2
NUDM Nuveen ESG International Developed Markets Equity ETF 30.4 40 -5 6.9 -0.1
VGFO Virtus WMC Global Factor Opportunities ETF 30.1 49 -14 8.2 +1.2
EURZ Xtrackers Eurozone Equity ETF 29.7 9 26 7.2 +0.2
URTH iShares MSCI World ETF 29.5 24 11 5.5 -1.5
QINT American Century Quality Diversified International ETF 29.3 39 -4 6.2 -0.8
JPIN JPMorgan Diversified Return International Equity ETF 29.1 37 -2 7.9 +0.9
IDLB Invesco FTSE International Low Beta Equal Weight ETF 29.0 45 -10 6.6 -0.4
IVLU iShares Edge MSCI Intl Value Factor ETF 28.9 30 5 11.7 +4.7
FDEV Fidelity Targeted International Factor ETF 28.3 39 -4 6.6 -0.4
IDHQ Invesco S&P International Developed Quality ETF 27.5 29 6 5.1 -1.9
IGRO iShares International Dividend Growth ETF 27.4 22 13 8.5 +1.5
DTH WisdomTree DEFA Equity Income Fund 26.7 58 -23 10.1 +3.1
RODM Hartford Multifactor Developed Markets (ex-US) ETF 26.3 29 6 7.8 +0.8
OEUR O'shares FTSE Europe Quality Dividend ETF 26.2 48 -13 7.0 +0.0
ACWI iShares MSCI ACWI ETF 26.0 32 3 5.7 -1.3
FIVA Fidelity International Value Factor ETF 25.6 39 -4 10.1 +3.1
LOWC SPDR MSCI ACWI Low Carbon Target ETF 25.3 20 15 6.0 -1.1
UIVM VictoryShares USAA MSCI International Value Momentum ETF 25.2 35 0 8.7 +1.7
RFDI First Trust Riverfront Dynamic Developed International ETF 25.1 83 -48 5.8 -1.2
CRBN iShares MSCI ACWI Low Carbon Target ETF 25.0 20 15 6.0 -1.1
DBJP Xtrackers MSCI Japan Hedged Equity ETF 24.8 45 -10 7.1 +0.1
EWJ iShares MSCI Japan ETF 24.8 49 -14 7.0 0.0
FLJP Franklin FTSE Japan ETF 24.7 9 26 7.4 +0.4
BBJP JPMorgan BetaBuilders Japan ETF 24.6 19 16 7.3 +0.3
FLJH Franklin FTSE Japan Hedged ETF 24.6 9 26 7.3 +0.3
IOO iShares Global 100 ETF 24.5 40 -5 4.7 -2.3
GSJY Goldman Sachs ActiveBeta Japan Equity ETF 24.5 25 10 7.2 +0.2
QJPN SPDR MSCI Japan StrategicFactors ETF 24.1 14 21 7.5 +0.5
IDMO Invesco S&P International Developed Momentum ETF 23.9 26 9 4.1 -2.9

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Xtrackers MSCI EAFE Hedged Equity ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.2 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 35 bp
Equals: ALTAR Score 7.0 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.57 CATEGORY
AVERAGE
1.57
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.