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TIERvsDBAWETF Comparison

ETF 1
TIER

T. Rowe Price International Equity Research ETF

This fund is part of
Global Blended Cap
-1.8%
Full TIER fund page
VS
ETF 2
DBAW

Xtrackers MSCI All World ex US Hedged Equity ETF

This fund is part of
Global Blended Cap
-1.8%
Full DBAW fund page

T. Rowe Price International Equity Research ETF (TIER) and Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) belong to the same industry segment: Global Blended Cap. TIER's top 3 sector exposures are Financials, Industrials and Information Technology. In contrast, DBAW's top sector exposures are Financials, Information Technology and Industrials. TIER is less expensive with a Total Expense Ratio (TER) of 0.38%, versus 0.4% for DBAW. TIER is up 3.8% year-to-date (YTD) with +$1M in YTD flows. DBAW performs better with 5.07% YTD performance, and - in YTD flows. Run a side-by-side ETF comparison of TIER and DBAW 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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TIER vs DBAW performance and flow charts

Performance

-6.0-4.0-2.00.02.0%Feb 11Feb 19Feb 26Mar 5

Cumulative Flows

Feb 11Feb 19Feb 26Mar 5

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Historic performance and flows
Data as of 03/11/2026
1M3MYTD1Y3Y5Y
Perf.
TIER
DBAW
-4.91%-2.55%
+4.83%+6.70%
+3.80%+5.07%
n/a+28.25%
n/a+69.14%
n/a+69.88%
Flows
TIER
DBAW
--
+$8M+$6M
+$1M-
-+$34M
-+$31M
-+$67M
Volatility and drawdown
3M1Y3Y5Y
Volatility
TIER
DBAW
+15.42%+11.71%
n/a+12.27%
n/a+10.38%
n/a+10.85%
Max drawdown
TIER
DBAW
-7.56%-6.77%
n/a-13.17%
n/a-13.33%
n/a-17.38%
Max drawdown duration
TIER
DBAW
14d10d
n/a55d
n/a84d
n/a576d
Trading data

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TIER
DBAW
Last sale
3/13/2026 at 1:30 PM
$28.58
$42.55
Previous close
03/12/2026
$28.76
$42.59
Consolidated volume
03/12/2026
Average volume
30 days
Average discount or premium
30 days
Average Bid/Ask spread
30 days
Replication quality
Data as of February 27, 2026
1-year trailing difference

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TIER
is actively managed and doesn’t replicate an index

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TIER
DBAW
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
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Main metrics
Last update 3/13/2026 at 1:30 PM
Live
Closed
TIER
DBAW
Last price
$28.58
$42.55
1D performance
-0.60%
-0.09%
AuM$24.85 M$233.01 M
E/R0.38%0.4%
Characteristics
TIER
DBAW
Management strategyActivePassive
ProviderT. Rowe PriceXtrackers by DWS
Benchmark-MSCI ACWI ex USA Index
N° of holdings2771704
Asset class-Equities
Trailing 12m distribution yield
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Inception dateJune 25, 2025January 22, 2014
ESGNoNo
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Exposure

Countries

TIER
Japan
14.3%
USA
9.82%
United Kingdom
9.17%
Canada
7.28%
Other
59.43%
DBAW
Japan
13.54%
United Kingdom
8.72%
Canada
8.14%
Other
69.6%

Sectors

TIER
Financials
20.52%
Industrials
12.14%
Information Techn.
8.72%
Consumer Discreti.
7.45%
Other
51.17%
DBAW
Financials
22.92%
Information Techn.
15.37%
Industrials
13.56%
Consumer Discreti.
9.05%
Other
39.09%
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Diversification

TIER

Total weight of top 15 holdings out of 15

20.21%
DBAW

Total weight of top 15 holdings out of 15

16.39%

Top 15 holdings

Data as of January 31, 2026
TIER
TWN SEMICONT MAN
3.29%
US7960508882
2.16%
TENCENT HOLDINGS
1.80%
USN070592100
1.72%
ALIBABA GROUP HOLDING LTD
1.60%
US8740391003
1.54%
ASTRAZENECA
1.00%
HITACHI
0.95%
SIEMENS
0.94%
ROYAL BK CANADA
0.93%
HSBC HOLDINGS
0.90%
MITSUBISHI UFJ FINANCIAL GROUP
0.88%
SHELL PLC
0.84%
NESTLE SA
0.83%
ROCHE
0.83%
DBAW
TWN SEMICONT MAN
3.83%
ASML HOLDING
1.50%
SAMSUNG ELECTR
1.36%
TENCENT HOLDINGS
1.35%
ALIBABA GROUP HOLDING LTD
1.02%
ROCHE
0.87%
ASTRAZENECA
0.81%
HSBC HOLDINGS
0.80%
SK HYNIX
0.80%
NOVARTIS
0.79%
SAP SE
0.68%
NESTLE SA
0.67%
ROYAL BK CANADA
0.66%
SIEMENS
0.64%
TOYOTA
0.61%
Frequently asked questions about TIER and DBAW

How have the TIER and DBAW ETFs performed in 2026?

As of March 11, 2026, TIER is up 3.8% year-to-date (YTD), while DBAW has returned 5.07%. That puts DBAW better performer ahead so far this year.

Which ETF is attracting more investor money: TIER or DBAW?

Year-to-date, the TIER ETF saw +$1M in flows, compared to - for DBAW.

Which ETF is bigger: TIER or DBAW?

As of March 11, 2026, TIER holds $24.85 M in assets under management (AUM), while DBAW manages $233.01 M.

What sectors do the TIER and DBAW ETFs invest in?

TIER leans toward sectors like Financials, Industrials and Information Technology. Meanwhile, DBAW focuses on Financials, Information Technology and Industrials.

What are the top holdings of the TIER ETF and DBAW ETF?

TIER top holdings include TWN SEMICONT MAN, US7960508882 and TENCENT HOLDINGS. DBAW holds in its top three: TWN SEMICONT MAN, ASML HOLDING and SAMSUNG ELECTR.

Which ETF is more diversified: TIER or DBAW?

TIER holds 304 securities with 20.21% of its assets in the top 15. DBAW has 1846 securities and a top 15 weight of 16.39%.

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