Xtrackers MSCI Europe Hedged Equity ETF (DBEU) Performance
DBEU total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.2% since Dec 31, 2025
- 1 year
- +14.6% total return
- 5 years
- +11.0% a year
- 10 years
- +10.7% a year
- Since first price
- +9.5% a year since 2013
DBEU trailing returns vs SPY, QQQ, AGG
| Period | DBEU total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −0.9% | −0.9% | −1.0% | −5.0% | +0.9% |
| 3 months | −0.0% | −0.0% | +3.2% | +1.9% | −0.4% |
| 6 months | +5.8% | +5.8% | +7.8% | +8.4% | −1.5% |
| YTD | +11.2% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +14.6% | +12.8% | +14.4% | +15.9% | −1.1% |
| 3 years | +64.7%+18.1%/yr | +56.7% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +68.4%+11.0%/yr | +50.6% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +176.6%+10.7%/yr | +103.8% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionOct 1, 2013 | +228.5%+9.5%/yr | +111.6% | — | — | — |
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: DBEU vs SPY
From Oct 1, 2013: DBEU grew to $32,853, SPY to $55,832.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DBEU returns by calendar year
9 of 12 full years positive. Best 2019 (+27.3%), worst 2018 (−8.5%). 2026 is year to date.
DBEU annual returns table
| Year | DBEU | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.2% | −9.8% | +12.3% | +15.1% | −1.0% |
| 2025 | +22.3% | −15.4% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.2% | −7.4% | +24.9% | +25.6% | +1.3% |
| 2023 | +17.4% | −8.0% | +26.2% | +54.9% | +5.7% |
| 2022 | −6.2% | −17.7% | −18.2% | −32.6% | −13.0% |
| 2021 | +24.0% | −5.2% | +28.7% | +27.4% | −1.8% |
| 2020 | −1.4% | −34.5% | +18.3% | +48.6% | +7.5% |
| 2019 | +27.3% | −6.5% | +31.2% | +39.0% | +8.5% |
| 2018 | −8.5% | −14.8% | −4.6% | −0.1% | +0.1% |
| 2017 | +14.6% | −3.6% | +21.7% | +32.7% | +3.6% |
| 2016 | +8.4% | −12.7% | +12.0% | +7.1% | +2.4% |
| 2015 | +4.3% | −16.4% | +1.2% | +9.4% | +0.5% |
| 2014 | +2.4% | −11.6% | +13.5% | +19.2% | +6.0% |
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.
DBEU largest drawdowns
Now 3.8% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −34.5% | Mar 16, 2020 | Feb 16, 2021 | 26 days | 12 months |
| Apr 10, 2015 | −23.0% | Feb 11, 2016 | Feb 21, 2017 | 10 months | 1.9 years |
| Jan 4, 2022 | −17.7% | Sep 30, 2022 | Feb 2, 2023 | 9 months | 1.1 years |
| Mar 3, 2025 | −15.4% | Apr 8, 2025 | May 19, 2025 | 36 days | 3 months |
| May 22, 2018 | −14.8% | Dec 24, 2018 | Apr 2, 2019 | 7 months | 10 months |
| Jun 10, 2014 | −11.6% | Oct 16, 2014 | Jan 22, 2015 | 4 months | 7 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
DBEU risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2013 |
|---|---|---|---|---|
| Annualized return | +16.6% | +11.8% | +10.9% | +9.3% |
| Volatility (annualized) | 9.8% | 12.4% | 13.2% | 12.7% |
| Sharpe ratio | 1.18 | 0.68 | 0.68 | 0.63 |
| Sortino ratio | 2.15 | 1.13 | 1.06 | 0.97 |
| Best month | +6.9% | +8.5% | +13.9% | +13.9% |
| Worst month | −5.4% | −7.1% | −14.9% | −14.9% |
| Best 12 months | +24.4% | +24.4% | +40.8% | +40.8% |
| Worst 12 months | +7.7% | −10.6% | −12.1% | −12.2% |
| Positive months | 69% | 63% | 65% | 64% |
| Beta vs S&P 500 | 0.48 | 0.61 | 0.68 | — |
| Correlation with S&P 500 | 0.61 | 0.77 | 0.80 | — |
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.
DBEU rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 145 | −12.2% | +9.6% | +40.8% | 79% |
| 3-year (a year) | 121 | −0.9% | +9.3% | +18.4% | 98% |
| 5-year (a year) | 97 | +1.0% | +8.6% | +15.4% | 100% |
| 10-year (a year) | 37 | +6.8% | +8.5% | +11.6% | 100% |
Every holding period starting at a month-end since 2013. Returns for 3 years and longer are annualized.
DBEU performance overview
Xtrackers MSCI Europe Hedged Equity ETF (DBEU) returned +14.6% over the past year and +10.7% a year over ten years, with distributions reinvested. Since its first recorded price in 2013 it has returned +9.5% a year, turning $10,000 into about $32,853. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −34.5%, from Feb 19, 2020 to Mar 16, 2020, and it took 11 months to get back to the old high. DBEU finished 9 of its 12 full calendar years with a gain; the best year was 2019 (+27.3%) and the worst 2018 (−8.5%). Volatility has been 12.7% a year.
Related: DBEU chart, DBEU holdings, DBEU dividends. See the DBEU overview for the latest quote and fund facts.
DBEU performance FAQ
What is the DBEU return over the past year?
DBEU returned +14.6% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.8%.
What is the average annual return of DBEU?
DBEU has returned +11.0% a year over 5 years, +10.7% a year over 10 years, +9.5% a year since October 1, 2013 (total return, distributions reinvested).
How much would $10,000 invested in DBEU be worth?
$10,000 invested in DBEU at its first recorded close on October 1, 2013 would be worth about $32,853 on October 23, 2026 with distributions reinvested.
What was the worst year for DBEU?
The worst calendar year was 2018, with a total return of −8.5%. The best was 2019 at +27.3%.
What is the biggest drawdown of DBEU?
The largest peak-to-trough decline was −34.5% between February 19, 2020 and March 16, 2020. It recovered to the old high on February 16, 2021, 11 months after the bottom.
How volatile is DBEU?
Over the past 3 years DBEU had an annualized volatility of 9.8% and a Sharpe ratio of 1.18 (excess return over 1–3 month T-bills per unit of risk).