Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) Performance
DBEZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +9.0% since Dec 31, 2025
- 1 year
- +11.7% total return
- 5 years
- +10.9% a year
- 10 years
- +11.2% a year
- Since first price
- +10.7% a year since 2014
DBEZ trailing returns vs SPY, QQQ, AGG
| Period | DBEZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −3.5% | −3.5% | −1.0% | −5.0% | +0.9% |
| 3 months | −2.3% | −2.3% | +3.2% | +1.9% | −0.4% |
| 6 months | +4.2% | +4.1% | +7.8% | +8.4% | −1.5% |
| YTD | +9.0% | +8.9% | +12.3% | +15.1% | −1.0% |
| 1 year | +11.7% | +10.2% | +14.4% | +15.9% | −1.1% |
| 3 years | +71.6%+19.7%/yr | +62.9% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| 5 years | +67.9%+10.9%/yr | +53.2% | +79.3%+12.4%/yr | +94.0%+14.2%/yr | −0.8%−0.2%/yr |
| 10 years | +190.1%+11.2%/yr | +135.4% | +315.9%+15.3%/yr | +538.9%+20.4%/yr | +14.0%+1.3%/yr |
| Since inceptionDec 15, 2014 | +234.4%+10.7%/yr | +151.8% | — | — | — |
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: DBEZ vs SPY
From Dec 15, 2014: DBEZ grew to $33,437, SPY to $46,485.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
DBEZ returns by calendar year
9 of 11 full years positive. Best 2019 (+29.9%), worst 2018 (−10.8%). 2026 is year to date.
DBEZ annual returns table
| Year | DBEZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +9.0% | −11.0% | +12.3% | +15.1% | −1.0% |
| 2025 | +26.3% | −15.6% | +17.7% | +20.8% | +7.2% |
| 2024 | +9.5% | −9.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +21.8% | −10.7% | +26.2% | +54.9% | +5.7% |
| 2022 | −10.1% | −23.4% | −18.2% | −32.6% | −13.0% |
| 2021 | +23.5% | −6.3% | +28.7% | +27.4% | −1.8% |
| 2020 | +0.4% | −38.8% | +18.3% | +48.6% | +7.5% |
| 2019 | +29.9% | −7.6% | +31.2% | +39.0% | +8.5% |
| 2018 | −10.8% | −18.4% | −4.6% | −0.1% | +0.1% |
| 2017 | +15.6% | −4.8% | +21.7% | +32.7% | +3.6% |
| 2016 | +6.4% | −15.2% | +12.0% | +7.1% | +2.4% |
| 2015 | +9.7% | −17.9% | +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.
DBEZ largest drawdowns
Now 7.1% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2020 | −38.8% | Mar 16, 2020 | Jan 8, 2021 | 26 days | 11 months |
| Apr 10, 2015 | −25.5% | Feb 11, 2016 | Mar 16, 2017 | 10 months | 1.9 years |
| Nov 16, 2021 | −23.4% | Sep 30, 2022 | Feb 15, 2023 | 10 months | 1.2 years |
| May 22, 2018 | −18.4% | Dec 24, 2018 | Apr 30, 2019 | 7 months | 11 months |
| Mar 19, 2025 | −15.6% | Apr 8, 2025 | May 12, 2025 | 20 days | 54 days |
| Feb 25, 2026 | −11.0% | Mar 20, 2026 | May 6, 2026 | 23 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.
DBEZ risk statistics
| Statistic | 3 years | 5 years | 10 years | Since 2014 |
|---|---|---|---|---|
| Annualized return | +19.2% | +12.4% | +11.8% | +10.7% |
| Volatility (annualized) | 11.0% | 14.8% | 15.8% | 16.0% |
| Sharpe ratio | 1.26 | 0.62 | 0.64 | 0.60 |
| Sortino ratio | 2.38 | 1.03 | 1.01 | 0.93 |
| Best month | +8.3% | +10.5% | +17.6% | +17.6% |
| Worst month | −6.6% | −9.2% | −18.9% | −18.9% |
| Best 12 months | +26.3% | +28.4% | +49.8% | +49.8% |
| Worst 12 months | +8.9% | −17.6% | −17.6% | −17.6% |
| Positive months | 72% | 65% | 63% | 63% |
| Beta vs S&P 500 | 0.57 | 0.75 | 0.83 | — |
| Correlation with S&P 500 | 0.64 | 0.79 | 0.81 | — |
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.
DBEZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 131 | −17.6% | +12.1% | +49.8% | 76% |
| 3-year (a year) | 107 | −2.9% | +9.6% | +22.7% | 97% |
| 5-year (a year) | 83 | −0.5% | +10.1% | +17.1% | 99% |
| 10-year (a year) | 23 | +7.9% | +10.3% | +12.6% | 100% |
Every holding period starting at a month-end since 2014. Returns for 3 years and longer are annualized.
DBEZ performance overview
Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) returned +11.7% over the past year and +11.2% a year over ten years, with distributions reinvested. Since its first recorded price in 2014 it has returned +10.7% a year, turning $10,000 into about $33,437. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −38.8%, from Feb 19, 2020 to Mar 16, 2020, and it took 10 months to get back to the old high. DBEZ finished 9 of its 11 full calendar years with a gain; the best year was 2019 (+29.9%) and the worst 2018 (−10.8%). Volatility has been 16.0% a year.
Related: DBEZ chart, DBEZ holdings, DBEZ dividends. See the DBEZ overview for the latest quote and fund facts.
DBEZ performance FAQ
What is the DBEZ return over the past year?
DBEZ returned +11.7% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 10.2%.
What is the average annual return of DBEZ?
DBEZ has returned +10.9% a year over 5 years, +11.2% a year over 10 years, +10.7% a year since December 15, 2014 (total return, distributions reinvested).
How much would $10,000 invested in DBEZ be worth?
$10,000 invested in DBEZ at its first recorded close on December 15, 2014 would be worth about $33,437 on October 23, 2026 with distributions reinvested.
What was the worst year for DBEZ?
The worst calendar year was 2018, with a total return of −10.8%. The best was 2019 at +29.9%.
What is the biggest drawdown of DBEZ?
The largest peak-to-trough decline was −38.8% between February 19, 2020 and March 16, 2020. It recovered to the old high on January 8, 2021, 10 months after the bottom.
How volatile is DBEZ?
Over the past 3 years DBEZ had an annualized volatility of 11.0% and a Sharpe ratio of 1.26 (excess return over 1–3 month T-bills per unit of risk).