Xtrackers MSCI Emerging Markets Hedged Equity… (DBEM) Performance
DBEM total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +15.1% since Dec 31, 2025
- 1 year
- +17.0% total return
- 5 years
- +7.8% a year
- 10 years
- +8.4% a year
- Since first price
- +4.8% a year since 2011
DBEM trailing returns vs SPY, QQQ, AGG
| Period | DBEM total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −8.6% | −8.6% | −1.0% | −5.0% | +0.9% |
| 3 months | −5.3% | −5.3% | +3.2% | +1.9% | −0.4% |
| 6 months | −1.3% | −2.3% | +7.8% | +8.4% | −1.5% |
| YTD | +15.1% | +14.0% | +12.3% | +15.1% | −1.0% |
| 1 year | +17.0% | +14.3% | +14.4% | +15.9% | −1.1% |
| 3 years | +82.0%+22.1%/yr | +70.2% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +45.4%+7.8%/yr | +29.7% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +123.7%+8.4%/yr | +79.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| 15 years | +144.1%+6.1%/yr | +70.4% | +696.0%+14.8%/yr | +1,299.3%+19.2%/yr | +32.2%+1.9%/yr |
| Since inceptionJun 9, 2011 | +106.1%+4.8%/yr | +43.8% | — | — | — |
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: DBEM vs SPY
From Jun 9, 2011: DBEM grew to $20,606, SPY to $77,037.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DBEM returns by calendar year
9 of 14 full years positive. Best 2025 (+30.4%), worst 2022 (−17.0%). 2026 is year to date.
DBEM annual returns table
| Year | DBEM | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +15.1% | −15.3% | +12.3% | +15.1% | −1.0% |
| 2025 | +30.4% | −14.0% | +17.7% | +20.8% | +7.2% |
| 2024 | +10.6% | −8.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +10.5% | −10.6% | +26.2% | +54.9% | +5.7% |
| 2022 | −17.0% | −26.1% | −18.2% | −32.6% | −13.0% |
| 2021 | −2.3% | −15.2% | +28.7% | +27.4% | −1.8% |
| 2020 | +18.1% | −29.7% | +18.3% | +48.6% | +7.5% |
| 2019 | +16.8% | −10.7% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.8% | −21.7% | −4.6% | −0.1% | +0.1% |
| 2017 | +27.1% | −5.1% | +21.7% | +32.7% | +3.6% |
| 2016 | +7.0% | −7.6% | +12.0% | +7.1% | +2.4% |
| 2015 | −12.0% | −24.5% | +1.2% | +9.4% | +0.5% |
| 2014 | +1.0% | −11.0% | +13.5% | +19.2% | +6.0% |
| 2013 | −3.1% | −17.3% | +32.3% | +36.6% | −2.0% |
| 2012 | +5.9% | −18.3% | +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.
DBEM largest drawdowns
Now 14.7% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 17, 2021 | −33.5% | Oct 24, 2022 | Jul 17, 2025 | 1.7 years | 4.4 years |
| Jan 26, 2018 | −30.7% | Mar 18, 2020 | Aug 25, 2020 | 2.1 years | 2.6 years |
| Apr 24, 2015 | −27.8% | Jan 20, 2016 | Jul 14, 2017 | 9 months | 2.2 years |
| Jul 11, 2011 | −21.0% | Oct 5, 2011 | Feb 6, 2012 | 3 months | 7 months |
| Feb 6, 2012 | −19.2% | Jun 24, 2013 | Apr 24, 2015 | 1.4 years | 3.2 years |
| Jun 22, 2026 | −15.3% | Oct 22, 2026 | not yet | 4 months | 4 months so far |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DBEM risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2011 |
|---|---|---|---|---|
| Annualized return | +24.0% | +10.1% | +9.3% | +5.5% |
| Volatility (annualized) | 13.7% | 15.0% | 14.3% | 13.7% |
| Sharpe ratio | 1.33 | 0.48 | 0.53 | 0.35 |
| Sortino ratio | 2.59 | 0.80 | 0.83 | 0.53 |
| Best month | +11.0% | +12.1% | +12.1% | +12.1% |
| Worst month | −7.7% | −8.4% | −13.5% | −13.5% |
| Best 12 months | +60.7% | +60.7% | +60.7% | +60.7% |
| Worst 12 months | +8.8% | −25.1% | −25.1% | −25.1% |
| Positive months | 69% | 58% | 61% | 57% |
| Beta vs S&P 500 | 0.66 | 0.58 | 0.63 | — |
| Correlation with S&P 500 | 0.60 | 0.61 | 0.68 | — |
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.
DBEM rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 173 | −25.1% | +5.9% | +60.7% | 65% |
| 3-year (a year) | 149 | −6.6% | +3.6% | +25.8% | 77% |
| 5-year (a year) | 125 | −2.7% | +3.9% | +12.8% | 90% |
| 10-year (a year) | 65 | +1.0% | +3.5% | +10.6% | 100% |
Every holding period starting at a month-end since 2011. Returns for 3 years and longer are annualized.
DBEM performance overview
Xtrackers MSCI Emerging Markets Hedged Equity… (DBEM) returned +17.0% over the past year and +8.4% a year over ten years, with distributions reinvested. Since its first recorded price in 2011 it has returned +4.8% a year, turning $10,000 into about $20,606. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −33.5%, from Feb 17, 2021 to Oct 24, 2022, and it took 2.7 years to get back to the old high. DBEM finished 9 of its 14 full calendar years with a gain; the best year was 2025 (+30.4%) and the worst 2022 (−17.0%). Volatility has been 13.7% a year.
Related: DBEM chart, DBEM holdings, DBEM dividends. See the DBEM overview for the latest quote and fund facts.
DBEM performance FAQ
What is the DBEM return over the past year?
DBEM returned +17.0% 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 DBEM?
DBEM has returned +7.8% a year over 5 years, +8.4% a year over 10 years, +4.8% a year since June 9, 2011 (total return, distributions reinvested).
How much would $10,000 invested in DBEM be worth?
$10,000 invested in DBEM at its first recorded close on June 9, 2011 would be worth about $20,606 on October 23, 2026 with distributions reinvested.
What was the worst year for DBEM?
The worst calendar year was 2022, with a total return of −17.0%. The best was 2025 at +30.4%.
What is the biggest drawdown of DBEM?
The largest peak-to-trough decline was −33.5% between February 17, 2021 and October 24, 2022. It recovered to the old high on July 17, 2025, 2.7 years after the bottom.
How volatile is DBEM?
Over the past 3 years DBEM had an annualized volatility of 13.7% and a Sharpe ratio of 1.33 (excess return over 1–3 month T-bills per unit of risk).