Xtrackers MSCI All World ex U.S. Hedged… (DBAW) Performance
DBAW total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.7% since Dec 31, 2025
- 1 year
- +16.5% total return
- 5 years
- +11.4% a year
- 10 years
- +10.9% a year
- Since first price
- +9.4% a year since 2014
DBAW trailing returns vs SPY, QQQ, AGG
| Period | DBAW total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.6% | −3.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.1% | −2.1% | +3.2% | +1.9% | −0.4% |
| 6 months | +3.6% | +3.6% | +7.8% | +8.4% | −1.5% |
| YTD | +12.7% | +12.7% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.5% | +14.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +79.1%+21.4%/yr | +68.6% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +71.9%+11.4%/yr | +37.1% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +181.7%+10.9%/yr | +98.5% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionJan 27, 2014 | +213.6%+9.4%/yr | +91.8% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: DBAW vs SPY
From Jan 27, 2014: DBAW grew to $31,363, SPY to $52,826.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DBAW returns by calendar year
8 of 11 full years positive. Best 2025 (+26.5%), worst 2018 (−10.4%). 2026 is year to date.
DBAW annual returns table
| Year | DBAW | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.7% | −9.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.5% | −14.1% | +17.7% | +20.8% | +7.2% |
| 2024 | +14.4% | −9.0% | +24.9% | +25.6% | +1.3% |
| 2023 | +16.3% | −8.1% | +26.2% | +54.9% | +5.7% |
| 2022 | −9.5% | −17.6% | −18.2% | −32.6% | −13.0% |
| 2021 | +13.1% | −5.1% | +28.7% | +27.4% | −1.8% |
| 2020 | +7.5% | −31.4% | +18.3% | +48.6% | +7.5% |
| 2019 | +22.9% | −6.8% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.4% | −16.3% | −4.6% | −0.1% | +0.1% |
| 2017 | +18.8% | −2.5% | +21.7% | +32.7% | +3.6% |
| 2016 | +5.9% | −12.7% | +12.0% | +7.1% | +2.4% |
| 2015 | −0.2% | −17.6% | +1.2% | +9.4% | +0.5% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
DBAW largest drawdowns
Now 5.5% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Jan 17, 2020 | −31.4% | Mar 16, 2020 | Nov 20, 2020 | 59 days | 10 months |
| Apr 27, 2015 | −24.1% | Feb 11, 2016 | Apr 24, 2017 | 10 months | 2.0 years |
| Nov 16, 2021 | −17.9% | Oct 12, 2022 | Jul 24, 2023 | 11 months | 1.7 years |
| Jan 23, 2018 | −16.3% | Dec 24, 2018 | Oct 15, 2019 | 11 months | 1.7 years |
| Mar 19, 2025 | −14.1% | Apr 8, 2025 | May 20, 2025 | 20 days | 2 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DBAW risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +21.1% | +12.6% | +11.3% | +9.6% |
| Volatility (annualized) | 9.3% | 11.3% | 11.8% | 11.6% |
| Sharpe ratio | 1.66 | 0.80 | 0.78 | 0.70 |
| Sortino ratio | 3.25 | 1.36 | 1.20 | 1.06 |
| Best month | +6.1% | +8.7% | +11.5% | +11.5% |
| Worst month | −5.7% | −6.5% | −12.5% | −12.5% |
| Best 12 months | +35.8% | +35.8% | +44.3% | +44.3% |
| Worst 12 months | +8.9% | −13.9% | −13.9% | −14.8% |
| Positive months | 75% | 65% | 67% | 67% |
| Beta vs S&P 500 | 0.54 | 0.59 | 0.65 | — |
| Correlation with S&P 500 | 0.73 | 0.82 | 0.85 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
DBAW rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 142 | −14.8% | +10.2% | +44.3% | 78% |
| 3-year (a year) | 118 | −0.3% | +8.1% | +21.9% | 99% |
| 5-year (a year) | 94 | +0.6% | +8.0% | +14.3% | 100% |
| 10-year (a year) | 34 | +6.6% | +7.6% | +12.1% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
DBAW performance overview
Xtrackers MSCI All World ex U.S. Hedged… (DBAW) returned +16.5% over the past year and +10.9% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +9.4% a year, turning $10,000 into about $31,363. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −31.4%, from Jan 17, 2020 to Mar 16, 2020, and it took 8 months to get back to the old high. DBAW finished 8 of its 11 full calendar years with a gain; the best year was 2025 (+26.5%) and the worst 2018 (−10.4%). Volatility has been 11.6% a year.
Related: DBAW chart, DBAW dividends. See the DBAW overview for the latest quote and fund facts.
DBAW performance FAQ
What is the DBAW return over the past year?
DBAW returned +16.5% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 14.3%.
What is the average annual return of DBAW?
DBAW has returned +11.4% a year over 5 years, +10.9% a year over 10 years, +9.4% a year since January 27, 2014 (total return, distributions reinvested).
How much would $10,000 invested in DBAW be worth?
$10,000 invested in DBAW at its first recorded close on January 27, 2014 would be worth about $31,363 on October 23, 2026 with distributions reinvested.
What was the worst year for DBAW?
The worst calendar year was 2018, with a total return of −10.4%. The best was 2025 at +26.5%.
What is the biggest drawdown of DBAW?
The largest peak-to-trough decline was −31.4% between January 17, 2020 and March 16, 2020. It recovered to the old high on November 20, 2020, 8 months after the bottom.
How volatile is DBAW?
Over the past 3 years DBAW had an annualized volatility of 9.3% and a Sharpe ratio of 1.66 (excess return over 1–3 month T-bills per unit of risk).