Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) Performance
DBEF total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +12.8% since Dec 31, 2025
- 1 year
- +16.3% total return
- 5 years
- +12.9% a year
- 10 years
- +11.7% a year
- Since first price
- +10.2% a year since 2011
DBEF trailing returns vs SPY, QQQ, AGG
| Period | DBEF total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −1.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.2% | −0.2% | +3.2% | +1.9% | −0.4% |
| 6 months | +6.2% | +6.2% | +7.8% | +8.4% | −1.5% |
| YTD | +12.8% | +12.8% | +12.3% | +15.1% | −1.0% |
| 1 year | +16.3% | +13.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +73.5%+20.2%/yr | +61.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +83.2%+12.9%/yr | +40.0% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +203.7%+11.7%/yr | +102.6% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +397.1%+11.3%/yr | +139.6% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 9, 2011 | +345.5%+10.2%/yr | +114.8% | — | — | — |
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: DBEF vs SPY
From Jun 9, 2011: DBEF grew to $44,551, SPY to $77,037.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DBEF returns by calendar year
12 of 14 full years positive. Best 2013 (+26.4%), worst 2018 (−9.5%). 2026 is year to date.
DBEF annual returns table
| Year | DBEF | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +12.8% | −9.4% | +12.3% | +15.1% | −1.0% |
| 2025 | +23.3% | −14.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +13.4% | −9.8% | +24.9% | +25.6% | +1.3% |
| 2023 | +20.1% | −6.8% | +26.2% | +54.9% | +5.7% |
| 2022 | −5.1% | −15.0% | −18.2% | −32.6% | −13.0% |
| 2021 | +19.6% | −5.6% | +28.7% | +27.4% | −1.8% |
| 2020 | +2.0% | −32.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +24.9% | −6.9% | +31.2% | +39.0% | +8.5% |
| 2018 | −9.5% | −15.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +16.7% | −2.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.3% | −14.0% | +12.0% | +7.1% | +2.4% |
| 2015 | +4.1% | −16.1% | +1.2% | +9.4% | +0.5% |
| 2014 | +3.5% | −9.6% | +13.5% | +19.2% | +6.0% |
| 2013 | +26.4% | −11.7% | +32.3% | +36.6% | −2.0% |
| 2012 | +22.4% | −16.0% | +16.0% | +18.1% | +3.8% |
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.
DBEF largest drawdowns
Now 4.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 12, 2020 | −32.5% | Mar 16, 2020 | Dec 29, 2020 | 33 days | 11 months |
| May 27, 2015 | −23.5% | Feb 11, 2016 | Mar 1, 2017 | 9 months | 1.8 years |
| Jul 7, 2011 | −21.6% | Nov 23, 2011 | Oct 31, 2012 | 5 months | 1.3 years |
| Jan 23, 2018 | −15.4% | Dec 24, 2018 | Apr 16, 2019 | 11 months | 1.2 years |
| Jan 4, 2022 | −15.0% | Sep 30, 2022 | Jan 23, 2023 | 9 months | 1.1 years |
| Feb 18, 2025 | −14.6% | Apr 8, 2025 | May 12, 2025 | 49 days | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DBEF risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +19.2% | +13.8% | +12.1% | +10.5% |
| Volatility (annualized) | 8.6% | 11.1% | 12.0% | 12.5% |
| Sharpe ratio | 1.59 | 0.90 | 0.83 | 0.74 |
| Sortino ratio | 3.03 | 1.56 | 1.29 | 1.16 |
| Best month | +5.4% | +7.9% | +12.5% | +12.5% |
| Worst month | −5.6% | −5.8% | −12.4% | −12.4% |
| Best 12 months | +28.2% | +28.2% | +38.9% | +38.9% |
| Worst 12 months | +7.2% | −9.5% | −11.4% | −13.6% |
| Positive months | 72% | 63% | 66% | 64% |
| Beta vs S&P 500 | 0.46 | 0.58 | 0.65 | — |
| Correlation with S&P 500 | 0.67 | 0.82 | 0.83 | — |
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.
DBEF rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 173 | −13.6% | +13.4% | +38.9% | 83% |
| 3-year (a year) | 149 | −0.2% | +10.0% | +21.8% | 99% |
| 5-year (a year) | 125 | +0.9% | +9.7% | +16.5% | 100% |
| 10-year (a year) | 65 | +7.2% | +8.9% | +12.6% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
DBEF performance overview
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF) returned +16.3% over the past year and +11.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +10.2% a year, turning $10,000 into about $44,551. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −32.5%, from Feb 12, 2020 to Mar 16, 2020, and it took 9 months to get back to the old high. DBEF finished 12 of its 14 full calendar years with a gain; the best year was 2013 (+26.4%) and the worst 2018 (−9.5%). Volatility has been 12.5% a year.
Related: DBEF chart, DBEF holdings, DBEF dividends. See the DBEF overview for the latest quote and fund facts.
DBEF performance FAQ
What is the DBEF return over the past year?
DBEF returned +16.3% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 13.3%.
What is the average annual return of DBEF?
DBEF has returned +12.9% a year over 5 years, +11.7% a year over 10 years, +10.2% a year since June 9, 2011 (total return, distributions reinvested).
How much would $10,000 invested in DBEF be worth?
$10,000 invested in DBEF at its first recorded close on June 9, 2011 would be worth about $44,551 on October 23, 2026 with distributions reinvested.
What was the worst year for DBEF?
The worst calendar year was 2018, with a total return of −9.5%. The best was 2013 at +26.4%.
What is the biggest drawdown of DBEF?
The largest peak-to-trough decline was −32.5% between February 12, 2020 and March 16, 2020. It recovered to the old high on December 29, 2020, 9 months after the bottom.
How volatile is DBEF?
Over the past 3 years DBEF had an annualized volatility of 8.6% and a Sharpe ratio of 1.59 (excess return over 1–3 month T-bills per unit of risk).