HEZUvsDBEUETF Comparison
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iShares Currency Hedged MSCI Eurozone ETF (HEZU) and Xtrackers MSCI Europe Hedged Equity ETF (DBEU) belong to the same industry segment: Europe Blended Cap. HEZU's top 3 sector exposures are Finance, Industrials and Technology. In contrast, DBEU's top sector exposures are Finance, Industrials and Healthcare. HEZU is more expensive with a Total Expense Ratio (TER) of 1.12%, versus 0.45% for DBEU. HEZU is up 13.48% year-to-date (YTD) with -$98M in YTD flows. DBEU performs worse with 11.67% YTD performance, and +$27M in YTD flows. Run a side-by-side ETF comparison of HEZU and DBEU 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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HEZU vs DBEU performance and flow charts
Performance
Cumulative Flows
Historic performance and flows
Data as of 09/11/2026
| 1M | 3M | YTD | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|---|---|
| Perf. | HEZU DBEU | -3.01%-2.66% | +1.48%+3.75% | +13.48%+11.67% | +21.73%+20.12% | +68.64%+57.82% | +80.06%+71.76% |
| Flows | HEZU DBEU | +$18M-$5M | +$25M+$14M | -$98M+$27M | -$195M-$27M | +$51M+$55M | -$283M-$125M |
Volatility and drawdown
| 3M | 1Y | 3Y | 5Y | ||
|---|---|---|---|---|---|
| Volatility | HEZU DBEU | +12.51%+9.34% | +15.38%+11.93% | +15.38%+12.03% | +16.77%+13.53% |
| Max drawdown | HEZU DBEU | -4.60%-3.17% | -10.86%-9.29% | -15.63%-15.57% | -22.66%-17.58% |
| Max drawdown duration | HEZU DBEU | 29d31d | 69d81d | 51d77d | 441d392d |
Trading data
HEZU | DBEU | |
Last sale 9/14/2026 at 1:30 PM | $48.27 | $53.59 |
| Previous close 09/11/2026 | $48.79 | $53.87 |
| Consolidated volume 09/11/2026 | ||
| Average volume 30 days | ||
| Average discount or premium 30 days | ||
| Average Bid/Ask spread 30 days |
Replication quality
Data as of August 31, 2026
1-year trailing difference
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HEZU | DBEU | |
|---|---|---|
| Tracking error | ||
| Tracking difference | ||
| 1 year cumulative return difference | ||
| Best | ||
| Worst | ||
| Daily return difference | ||
| Average | ||
| Worst | ||
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Main metrics
Last update 9/14/2026 at 1:30 PM
Live
Closed
HEZU | DBEU | |
|---|---|---|
| Last price | $48.27 | $53.59 |
| 1D performance | -1.07% | -0.52% |
| AuM | $586.47 M | $773.17 M |
| E/R | 1.12% | 0.45% |
Characteristics
HEZU | DBEU | |
|---|---|---|
| Management strategy | Passive | Passive |
| Provider | iShares | Xtrackers by DWS |
| Benchmark | MSCI EMU Index | MSCI Europe Index |
| N° of holdings | 220 | 1103 |
| Asset class | Equities | Equities |
| Trailing 12m distribution yield | Join | Join |
| Inception date | July 9, 2014 | September 30, 2013 |
| ESG | No | No |
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Exposure
Countries
HEZU
France
25.47%
Germany
25.27%
Netherlands
18.77%
Spain
11.07%
Italy
9.34%
Other
10.09%
DBEU
United Kingdom
21.11%
Switzerland
15.42%
France
13.32%
Germany
13.18%
Netherlands
9.66%
Other
27.32%
Sectors
HEZU
Finance
27.9%
Industrials
19.39%
Technology
15.15%
Consumer Cyclical.
7.43%
Other
30.13%
DBEU
Finance
25.43%
Industrials
16.11%
Healthcare
12.62%
Technology
9.82%
Consumer Non-Cycl.
9%
Other
27.02%
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Diversification
HEZU
Total weight of top 15 holdings out of 15
37.91%
DBEU
Total weight of top 15 holdings out of 15
26.41%
Top 15 holdings
Data as of July 31, 2026
HEZU
ASML Holding NV
8.38%
Siemens AG
3.13%
Banco Santander SA
2.63%
Allianz SE
2.46%
SAP SE
2.44%
Schneider Electric SE
2.34%
TotalEnergies SE
2.23%
Banco Bilbao Vizcaya Argentaria SA
2.02%
Iberdrola SA
1.91%
Airbus SE
1.82%
LVMH Moët Hennessy Louis Vuitton SE
1.77%
Safran SA
1.76%
Siemens Energy AG
1.70%
UniCredit SpA
1.66%
Air Liquide SA
1.64%
DBEU
ASML Holding NV
4.25%
HSBC Holdings Plc
2.45%
Roche Holding AG
2.21%
Novartis AG
2.04%
Nestlé SA
1.82%
AstraZeneca PLC
1.80%
Shell Plc
1.67%
Siemens AG
1.59%
Banco Santander SA
1.38%
SAP SE
1.31%
Allianz SE
1.30%
UBS Group AG
1.15%
TotalEnergies SE
1.15%
Novo Nordisk A/S
1.14%
Schneider Electric SE
1.13%
Frequently asked questions about HEZU and DBEU
How have the HEZU and DBEU ETFs performed in 2026?
As of September 11, 2026, HEZU is up 13.48% year-to-date (YTD), while DBEU has returned 11.67%. That puts HEZU better performer ahead so far this year.
Which ETF is attracting more investor money: HEZU or DBEU?
Year-to-date, the HEZU ETF saw -$98M in flows, compared to +$27M for DBEU.
Which ETF is more volatile: HEZU or DBEU?
Over the past year, HEZU had a volatility of 15.38%, while DBEU experienced 11.93%.
Which ETF is bigger: HEZU or DBEU?
As of September 11, 2026, HEZU holds $586.47 M in assets under management (AUM), while DBEU manages $773.17 M.
What sectors do the HEZU and DBEU ETFs invest in?
HEZU leans toward sectors like Finance, Industrials and Technology. Meanwhile, DBEU focuses on Finance, Industrials and Healthcare.
What are the top holdings of the HEZU ETF and DBEU ETF?
HEZU top holdings include ASML Holding NV, Siemens AG and Banco Santander SA. DBEU holds in its top three: ASML Holding NV, HSBC Holdings Plc and Roche Holding AG.
Which ETF is more diversified: HEZU or DBEU?
HEZU holds 221 securities with 37.91% of its assets in the top 15. DBEU has 1115 securities and a top 15 weight of 26.41%.
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Latest news about HEZU & DBEU
Why European Equity ETFs Deserve a Closer Look
May 9, 2025
DBEU
Should You Hedge Currency Risk in European Equity ETFs?
April 9, 2025
DBEU
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