DBEFvsHEFAETF Comparison
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The ETFs Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) and iShares Currency Hedged MSCI EAFE ETF (HEFA) track the MSCI EAFE 100% Hedged to USD Net Total Return Index - USD and belong to the same industry segment: DM Large & Mid Cap. Both ETFs have the same top 3 sector exposures: Finance, Industrials and Technology. DBEF is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.7% for HEFA. DBEF is up 12.51% year-to-date (YTD) with +$33M in YTD flows. HEFA performs better with 12.7% YTD performance, and +$59M in YTD flows. Run a side-by-side ETF comparison of DBEF and HEFA below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.
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DBEF vs HEFA performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 10/23/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DBEF HEFA | -1.49%-1.65% | -0.60%-0.25% | +12.51%+12.70% | +16.51%+16.23% | +72.71%+73.78% | +83.55%+84.18% |
| Flows | DBEF HEFA | +$99M+$107M | +$166M+$65M | +$33M+$59M | -$69M+$98M | +$1.90B+$1.46B | +$2.48B+$2.38B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DBEF HEFA | +7.89%+9.68% | +11.03%+13.12% | +11.66%+13.49% | +11.97%+13.94% |
| Max drawdown | DBEF HEFA | -3.80%-4.23% | -9.03%-9.45% | -14.53%-14.34% | -14.56%-14.65% |
| Max drawdown duration | DBEF HEFA | 71d71d | 81d84d | 73d65d | 385d381d |
Trading data
DBEF | HEFA | |
Last sale 10/23/2026 at 1:30 PM | $54.29 | $45.91 |
| Previous close 10/22/2026 | $54.50 | $46.12 |
| Consolidated volume 10/22/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of September 30, 2026
1-year trailing difference
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DBEF | HEFA | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 10/23/2026 at 1:30 PM
Live
Closed
DBEF | HEFA | |
|---|---|---|
| Last price | $54.29 | $45.91 |
| 1D performance | -0.39% | -0.46% |
| AuM | $9.22 B | $7.47 B |
| E/R | 0.35% | 0.7% |
Characteristics
DBEF | HEFA | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | Xtrackers by DWS | iShares |
| Benchmark | MSCI EAFE Index | MSCI EAFE Index |
| N° of holdings | 824 | 650 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | June 8, 2011 | January 31, 2014 |
| ESG | No | No |
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Exposure
Countries
DBEF
Japan
23.09%
United Kingdom
13.49%
Switzerland
9.85%
Germany
8.84%
France
8.56%
Other
36.17%
HEFA
Japan
23.75%
United Kingdom
13.75%
Switzerland
9.84%
Germany
8.75%
France
8.7%
Other
35.2%
Sectors
DBEF
Finance
27.38%
Industrials
15.81%
Technology
12.76%
Healthcare
9.67%
Consumer Non-Cycl.
7.87%
Non-Energy Materi.
7.02%
Other
19.5%
HEFA
Finance
27.69%
Industrials
15.81%
Technology
12.97%
Healthcare
9.69%
Consumer Non-Cycl.
7.96%
Non-Energy Materi.
7.03%
Other
18.84%
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Diversification
DBEF
Total weight of top 15 holdings out of 15
18.18%
HEFA
Total weight of top 15 holdings out of 15
18.3%
Top 15 holdings
Data as of August 31, 2026
DBEF
ASML Holding NV
2.95%
HSBC Holdings Plc
1.56%
Roche Holding AG
1.38%
Novartis AG
1.24%
Shell Plc
1.11%
Nestlé SA
1.11%
Siemens AG
1.10%
AstraZeneca PLC
1.08%
BHP Group Ltd.
1.08%
Mitsubishi UFJ Financial Group, Inc.
1.07%
SAP SE
1.02%
Banco Santander SA
0.92%
Allianz SE
0.88%
Schneider Electric SE
0.84%
Commonwealth Bank of Australia
0.83%
HEFA
ASML Holding NV
2.93%
HSBC Holdings Plc
1.59%
Roche Holding AG
1.37%
Novartis AG
1.25%
Shell Plc
1.13%
Nestlé SA
1.13%
Mitsubishi UFJ Financial Group, Inc.
1.10%
AstraZeneca PLC
1.10%
BHP Group Ltd.
1.08%
Siemens AG
1.07%
SAP SE
1.01%
Banco Santander SA
0.94%
Allianz SE
0.89%
Commonwealth Bank of Australia
0.86%
Schneider Electric SE
0.84%
Frequently asked questions about DBEF and HEFA
How have the DBEF and HEFA ETFs performed in 2026?
As of October 23, 2026, DBEF is up 12.51% year-to-date (YTD), while HEFA has returned 12.7%. That puts HEFA better performer ahead so far this year.
Which ETF is attracting more investor money: DBEF or HEFA?
Year-to-date, the DBEF ETF saw +$33M in flows, compared to +$59M for HEFA.
Which ETF is more volatile: DBEF or HEFA?
Over the past year, DBEF had a volatility of 11.03%, while HEFA experienced 13.12%.
Which ETF is bigger: DBEF or HEFA?
As of October 23, 2026, DBEF holds $9.22 B in assets under management (AUM), while HEFA manages $7.47 B.
What sectors do the DBEF and HEFA ETFs invest in?
DBEF leans toward sectors like Finance, Industrials and Technology. Meanwhile, HEFA focuses on Finance, Industrials and Technology.
What are the top holdings of the DBEF ETF and HEFA ETF?
DBEF top holdings include ASML Holding NV, HSBC Holdings Plc and Roche Holding AG. HEFA holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: DBEF or HEFA?
DBEF holds 834 securities with 18.18% of its assets in the top 15. HEFA has 658 securities and a top 15 weight of 18.3%.
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