DBGR
Xtrackers MSCI Germany Hedged Equity ETF
The Xtrackers MSCI Germany Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the MSCI Germany USD Hedged Index. The Fund was previously called the The Xtrackers MSCI Canada Hedged ETF until a ticker, name and strategy change effective 5/31/13.
Fund Basics
Fund sponsor | Deutsche Bank AG |
Category | International Equities |
Asset class | Equity |
Website | link... |
Inception date | Jun 09, 2011 |
Assets (mns) | $0 |
Expense ratio | 45 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Semi-Annually |
Taxation | 1099 |
Stock selection | Market Cap |
Weighting | Market Cap |
Holdings Transparency | Full |
Derivatives-based | No |
Options available | No |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
SAP AG | 13.1 % |
SIEMENS AG-REG | 10.0 % |
ALLIANZ SE-REG | 7.4 % |
DEUTSCHE TELEKOM AG | 5.2 % |
DAIMLER AG-REGISTERED SHARES | 4.3 % |
MUENCHENER RUECKVER AG-REG | 4.2 % |
INFINEON TECHNOLOGIES AG | 3.2 % |
BASF SE | 3.1 % |
DEUTSCHE POST AG-REG | 3.1 % |
DEUTSCHE BOERSE AG | 2.7 % |
Constituent Breakdown
Number of holdings | 1 |
Herfindahl-Hirschman Index | 478 |
Wgt avg mkt cap (mns) | $84,952 |
Large cap (>$10bn) | 94.8% |
Mid cap ($2-10bn) | 4.4% |
Small cap (<$2bn) | 0.1% |
Developed mkts. | 100.0% |
Emerging mkts. | 0.0% |
Country Exposure
GERMANY | 95.0 % | |
NETHERLANDS | 0.6 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
5.8% | 13.5% | 11.4% | 5.0% | 8.7% | 6.5% | 7.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.88 | 71% |
MSCI EAFE | 0.97 | 82% |
MSCI Emg Mkts | 0.76 | 53% |
Liquidity Measures
Avg. volume (000) | 1 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.29% |
ADV of underlying (mns) | $4,117 |
Technical Indicators
Recent close | $34.51 |
30d moving avg. | $30.78 |
Annualized volatility | 18.4% |
Relative strength (RSI) | 85 |
Short interest (ETF) | 0.0% |
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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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. DBGR |
Expenses vs. DBGR |
ALTAR Score™ vs. DBGR |
---|---|---|---|---|
EWG | iShares MSCI Germany ETF | 94.5% | +5 bp | +0.1% |
FLGR | Franklin FTSE Germany ETF | 94.0% | -36 bp | +0.7% |
DAX | Global X DAX Germany ETF | 87.3% | -24 bp | +0.5% |
FGM | First Trust Germany AlphaDEX Fund | 32.7% | +35 bp | +2.8% |
FEZ | SPDR EURO STOXX 50 ETF | 25.3% | -16 bp | -0.2% |
EZU | iShares MSCI Eurozone ETF | 25.2% | +7 bp | -0.2% |
FLEU | Franklin FTSE Eurozone ETF | 24.7% | -36 bp | +0.3% |
DBEZ | Xtrackers MSCI Eurozone Hedged Equity ETF | 23.1% | 0 bp | -0.2% |
HEDJ | WisdomTree Europe Hedged Equity Fund | 23.0% | +13 bp | +2.0% |
ESGN | Columbia International ESG Equity Income ETF | 21.7% | 0 bp | +2.6% |
Risk and Returns: DBGR vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
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 | --% |
Based on closing prices from 3/13/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DBGR
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™
DBGR
6.4%
Cat. Avg
7.2%
Fund Category: International Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 6.4% |
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 257 funds in the International Equities category, with an average ALTAR Score™
of 7.2% and a standard deviation of
2.5%. DBGR's ALTAR Score™ is approximately
0.3 standard deviations
below
the category average. This places DBGR in the 38th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
DBGR
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
Latest price | |
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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) |
|
---|---|---|---|
DBGR | 45.0 | 28.8 | 73.8 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .