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: Financials, Industrials and Information Technology. DBEF is less expensive with a Total Expense Ratio (TER) of 0.35%, versus 0.7% for HEFA. DBEF is up 5.95% year-to-date (YTD) with -$188M in YTD flows. HEFA performs worse with 5.19% YTD performance, and -$107M 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 04/28/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | DBEF HEFA | +5.35%+4.80% | +2.95%+1.56% | +5.95%+5.19% | +27.24%+25.08% | +59.90%+57.70% | +84.00%+83.38% |
| Flows | DBEF HEFA | -$125M-$27M | -$247M-$122M | -$188M-$107M | -$593M-$2.06B | +$2.07B+$1.54B | +$2.32B+$2.59B |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | DBEF HEFA | +15.61%+17.20% | +10.59%+12.31% | +11.78%+13.36% | +12.00%+13.80% |
| Max drawdown | DBEF HEFA | -9.03%-9.45% | -9.03%-9.45% | -14.53%-14.34% | -14.56%-14.65% |
| Max drawdown duration | DBEF HEFA | 58d63d | 58d63d | 73d65d | 385d381d |
Trading data
DBEF | HEFA | |
Last sale 4/30/2026 at 7:59 PM | $51.32 | $44.01 |
| Previous close 04/29/2026 | $50.57 | $43.51 |
| Consolidated volume 04/29/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of April 29, 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 4/30/2026 at 7:59 PM
Live
Closed
DBEF | HEFA | |
|---|---|---|
| Last price | $51.32 | $44.01 |
| 1D performance | +1.48% | +1.15% |
| AuM | $8.48 B | $6.92 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 | 652 | 649 |
| 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
23.04%
United Kingdom
14.32%
Switzerland
9.22%
France
9.09%
Germany
8.68%
Other
35.65%
HEFA
Japan
22.39%
United Kingdom
14.42%
Switzerland
9.4%
France
9.32%
Germany
8.91%
Other
35.57%
Sectors
DBEF
Financials
23.18%
Industrials
18.28%
Information Techn.
8.53%
Consumer Discreti.
8.47%
Health Care
7.91%
Other
33.63%
HEFA
Financials
23.43%
Industrials
18.27%
Information Techn.
8.48%
Consumer Discreti.
8.24%
Health Care
8.03%
Other
33.55%
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Diversification
DBEF
Total weight of top 15 holdings out of 15
17.68%
HEFA
Total weight of top 15 holdings out of 15
17.81%
Top 15 holdings
Data as of March 31, 2026
DBEF
ASML HOLDING
2.51%
ASTRAZENECA
1.44%
NOVARTIS
1.39%
CH1499059983
1.35%
HSBC HOLDINGS
1.34%
SHELL PLC
1.29%
NESTLE SA
1.21%
TOYOTA
0.99%
COMMONWEALTH BANK OF AUSTRALIA
0.98%
MITSUBISHI UFJ FINANCIAL GROUP
0.94%
TOTALENERGIES SE
0.88%
SIEMENS
0.88%
BHP GROUP LTD
0.86%
SAP SE
0.84%
BANCO SANTANDER SA
0.78%
HEFA
ASML HOLDING
2.48%
ASTRAZENECA
1.49%
NOVARTIS
1.41%
HSBC HOLDINGS
1.37%
CH1499059983
1.36%
SHELL PLC
1.33%
NESTLE SA
1.24%
COMMONWEALTH BANK OF AUSTRALIA
0.95%
TOYOTA
0.93%
TOTALENERGIES SE
0.91%
MITSUBISHI UFJ FINANCIAL GROUP
0.91%
SIEMENS
0.89%
SAP SE
0.87%
BHP GROUP LTD
0.87%
BANCO SANTANDER SA
0.79%
Frequently asked questions about DBEF and HEFA
How have the DBEF and HEFA ETFs performed in 2026?
As of April 28, 2026, DBEF is up 5.95% year-to-date (YTD), while HEFA has returned 5.19%. That puts DBEF better performer ahead so far this year.
Which ETF is attracting more investor money: DBEF or HEFA?
Year-to-date, the DBEF ETF saw -$188M in flows, compared to -$107M for HEFA.
Which ETF is more volatile: DBEF or HEFA?
Over the past year, DBEF had a volatility of 10.59%, while HEFA experienced 12.31%.
Which ETF is bigger: DBEF or HEFA?
As of April 28, 2026, DBEF holds $8.48 B in assets under management (AUM), while HEFA manages $6.92 B.
What sectors do the DBEF and HEFA ETFs invest in?
DBEF leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, HEFA focuses on Financials, Industrials and Information Technology.
What are the top holdings of the DBEF ETF and HEFA ETF?
DBEF top holdings include ASML HOLDING, ASTRAZENECA and NOVARTIS. HEFA holds in its top three: ASML HOLDING, ASTRAZENECA and NOVARTIS.
Which ETF is more diversified: DBEF or HEFA?
DBEF holds 694 securities with 17.68% of its assets in the top 15. HEFA has 690 securities and a top 15 weight of 17.81%.
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