DBEM
Xtrackers MSCI Emerging Markets Hedged Equity ETF
The Xtrackers MSCI Emerging Markets Hedged Equity Fund is an exchange-traded fund incorporated in the USA. The Fund seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Net Index (the "Underlying Index").
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
75.3 M
ASSETS UNDER MGMT
66 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank AG |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 09, 2011 |
| Assets (mns) | $75 |
| Expense ratio | 66 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| TAIWAN SEMICONDUCTOR MANUFAC | 8.9 % |
| TENCENT HOLDINGS LTD | 3.8 % |
| SAMSUNG ELECTRONICS CO LTD | 3.6 % |
| RELIANCE INDS-SPONS GDR 144A | 2.2 % |
| ALIBABA GROUP HOLDING LTD. | 1.9 % |
| PINDUODUO, INC. SPONSORED ADR CLASS A | 1.0 % |
| HYNIX SEMICONDUCTOR INC | 1.0 % |
| ICICI BANK LTD | 0.9 % |
| INFOSYS TECHNOLOGIES LTD | 0.9 % |
| HON HAI PRECISION INDUSTRY | 0.9 % |
Constituent Breakdown
| Number of holdings | 1334 |
| Herfindahl-Hirschman Index | 132 |
| Wgt avg mkt cap (mns) | $151,945 |
| Large cap (>$10bn) | 79.2% |
| Mid cap ($2-10bn) | 19.9% |
| Small cap (<$2bn) | 0.3% |
| Developed mkts. | 6.3% |
| Emerging mkts. | 93.7% |
Country Exposure
 |
CHINA | 21.9 % |
 |
INDIA | 18.6 % |
 |
TAIWAN | 17.5 % |
 |
SOUTH KOREA | 11.1 % |
 |
BRAZIL | 4.0 % |
 |
SAUDI ARABIA | 3.8 % |
 |
SOUTH AFRICA | 2.2 % |
 |
MEXICO | 1.9 % |
 |
INDONESIA | 1.6 % |
 |
HONG KONG | 1.5 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.6% | 19.9% | 14.5% | -0.6% | 4.3% | 3.5% | 2.5% | Volatility | 14.3% | 14.1% | 14.8% | 16.6% | 18.7% | 16.9% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.56 | 44% |
| MSCI EAFE | 0.63 | 57% |
| MSCI Emg Mkts | 0.82 | 96% |
Liquidity Measures
| Avg. volume (000) | 8 |
| Turnover | 0.3% |
| Avg. Bid/Ask (% of price) | 0.44% |
| ADV of underlying (mns) | $89,194 |
Technical Indicators
| Recent close | $25.11 |
| 30d moving avg. | $26.37 |
| Annualized volatility | 14.7% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. DBEM |
Expenses vs. DBEM |
ALTAR Score™ vs. DBEM |
|---|---|---|---|---|
| BKEM | BNY Mellon Emerging Markets Equity ETF | 83.4% | -55 bp | -1.6% |
| EEM | iShares MSCI Emerging Markets ETF | 82.7% | +3 bp | -3.1% |
| GSEE | Goldman Sachs MarketBeta Emerging Markets Equity ETF | 82.7% | -30 bp | -2.2% |
| BBEM | JPMorgan BetaBuilders Emerging Markets Equity ETF | 81.7% | -51 bp | -2.8% |
| IEMG | iShares Core MSCI Emerging Markets ETF | 75.1% | -57 bp | -2.6% |
| FLAX | Franklin FTSE Asia Ex Japan ETF | 72.1% | -47 bp | -3.2% |
| EEMX | SPDR MSCI Emerging Markets Fossil Fuel Free ETF | 71.1% | -36 bp | -2.7% |
| JHEM | John Hancock Multifactor Emerging Markets ETF | 70.9% | -17 bp | -1.9% |
| GEM | Goldman Sachs ActiveBeta Emerging Markets Equity ETF | 70.0% | -21 bp | +1.0% |
| EEMA | iShares MSCI Emerging Markets Asia ETF | 69.5% | -17 bp | -3.5% |
Risk and Returns: DBEM vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
DBEM
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
DBEM
10.1%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. DBEM's ALTAR Score™ is approximately
0.6 standard deviations
above
the category average. This places DBEM in the 71st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
DBEMSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| DBEM (66 bp) Percentile rank | 73 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| DBEM | 66.0 | 44.4 | 110.4 |
| Peer Avg. | 53.4 | 25.5 | 78.9 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .