DBEU

Xtrackers MSCI Europe Hedged Equity ETF

The Xtrackers MSCI Europe Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Europe USD Hedged Index.


International

EQUITY

Rules-Based

MANAGEMENT STYLE

46 bp

EXPENSES

$561.0 M

ASSETS UNDER MGMT

FACTOR SCORECARD

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Fund Basics
Fund sponsorDeutsche Bank AG
CategoryInternational
Asset classEquity
Websitelink...
Inception dateOct 01, 2013
Assets (mns)$561
Expense ratio46 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsSemi-Annually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings
NOVO NORDISK A/S-B 4.1 %
ASML HOLDING NV 3.6 %
NESTLE SA-REG 2.5 %
ASTRAZENECA PLC 2.2 %
ROCHE HOLDING AG-BR 2.0 %
SHELL PLC 1.9 %
LVMH MOET HENNESSY LOUIS VUI 1.8 %
NOVARTIS AG 1.8 %
SAP AG 1.7 %
UNILEVER PLC 1.2 %
Constituent Breakdown
Number of holdings446
Herfindahl-Hirschman Index 87
Wgt avg mkt cap (mns)$122,135
Large cap (>$10bn)94.9%
Mid cap ($2-10bn)4.9%
Small cap (<$2bn)0.0%
Developed mkts.100.0%
Emerging mkts.0.0%
Country Exposure
BRITAIN 20.6 %
SWITZERLAND 15.2 %
FRANCE 15.0 %
GERMANY 12.2 %
NETHERLANDS 8.4 %
DENMARK 5.7 %
SWEDEN 4.4 %
SPAIN 3.9 %
ITALY 3.4 %
FINLAND 1.4 %
Historical Performance


Standardized Performance (as of 05/31/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 7.2% 14.6% 11.8% 8.6% 10.3% 7.8% 8.2%
Volatility 8.6% 9.6% 13.0% 13.8% 18.9% 17.0% --
Market Correlations
versus...BetaR-squared
S&P 5000.7079%
MSCI EAFE0.7584%
MSCI Emg Mkts0.5445%
Liquidity Measures
Avg. volume (000)34
Turnover0.3%
Avg. Bid/Ask (% of price)0.32%
ADV of underlying (mns)$20,264
Technical Indicators
Recent close$41.85
30d moving avg.$42.00
Annualized volatility14.1%
Relative strength (RSI)59
Short interest (ETF)0.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Risk and Returns: DBEU vs. Comps (1 YR)

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
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Book value per share -- -- -- -- -- -- --
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Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
1.4 13.2 1.8 3.5% --
Based on closing prices from 6/24/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
DBEU



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Fund Rating

Our measure of an ETF's overall investment merit

ALTAR Score™

DBEU

6.3%

Cat. Avg

7.2%

Fund Category: International

Avg. Return on Equity--%
Divided by: Fwd. P/BV--x
Less: Expenses-- bp
Equals: ALTAR Score™6.3%
Recommendation

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.

Category Overview
There are 256 funds in the International category, with an average ALTAR Score™ of 7.2% and a standard deviation of 2.4%. DBEU's ALTAR Score™ is approximately 0.4 standard deviations below the category average. This places DBEU in the 35th percentile among funds in the category.
Consensus Recommendation

Sell-side recommendations on the ETF's individual constituents

Composite
DBEU
Peer Average
SELL
U/W
HOLD
O/W
BUY



Recent Trends


Breakdown

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
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Today's Trading

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Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
DBEU 46.0 32.2 78.2
Peer Avg. -- -- --
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .