HDEF
Xtrackers MSCI EAFE High Dividend Yield Equity ETF
The Xtrackers MSCI EAFE High Dividend Yield Hedged Equity ETF tracks a cap-weighted index of developed country stocks, ex-North America, selected by quality and dividend factors. The fund is currency hedged for USD investors.
International
EQUITY
Rules-Based
MANAGEMENT STYLE
1.8 B
ASSETS UNDER MGMT
9 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 12, 2015 |
| Assets (mns) | $1,825 |
| Expense ratio | 9 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| ROCHE HOLDING AG-BR | 5.4 % |
| NOVARTIS AG | 4.7 % |
| TOTAL SA | 4.6 % |
| ALLIANZ SE-REG | 4.6 % |
| UNILEVER PLC | 4.5 % |
| SANOFI-AVENTIS | 4.3 % |
| ZURICH FINANCIAL SERVICES AG | 3.2 % |
| IBERDROLA SA | 3.0 % |
| BRITISH AMERICAN TOBACCO PLC | 2.7 % |
| RIO TINTO PLC | 2.5 % |
Constituent Breakdown
| Number of holdings | 140 |
| Herfindahl-Hirschman Index | 227 |
| Wgt avg mkt cap (mns) | $66,518 |
| Large cap (>$10bn) | 86.6% |
| Mid cap ($2-10bn) | 8.4% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
SWITZERLAND | 19.6 % |
 |
BRITAIN | 17.9 % |
 |
FRANCE | 16.3 % |
 |
JAPAN | 7.6 % |
 |
GERMANY | 7.2 % |
 |
SINGAPORE | 5.5 % |
 |
AUSTRALIA | 5.1 % |
 |
SPAIN | 3.7 % |
 |
NETHERLANDS | 2.5 % |
 |
SWEDEN | 2.4 % |
Historical Performance
Standardized Performance (as of 02/28/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.0% | 13.2% | 12.6% | 8.2% | 8.6% | -- | 5.7% | Volatility | 11.8% | 12.1% | 12.5% | 14.9% | 18.9% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.71 | 52% |
| MSCI EAFE | 0.92 | 90% |
| MSCI Emg Mkts | 0.79 | 66% |
Liquidity Measures
| Avg. volume (000) | 244 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $4,550 |
Technical Indicators
| Recent close | $27.19 |
| 30d moving avg. | $26.05 |
| Annualized volatility | 16.8% |
| Relative strength (RSI) | 70 |
| Short interest (ETF) | 0.0% |
| Short interest (underlying) | 0.0% |
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. HDEF |
Expenses vs. HDEF |
ALTAR Score™ vs. HDEF |
|---|---|---|---|---|
| VWID | Virtus WMC International Dividend ETF | 39.0% | +40 bp | -0.5% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 36.4% | +31 bp | +2.4% |
| DTH | WisdomTree International High Dividend Fund | 31.2% | +49 bp | -0.7% |
| DOL | WisdomTree International LargeCap Dividend Fund | 29.6% | +39 bp | -2.4% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 29.4% | 0 bp | -1.7% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 29.4% | +23 bp | -3.3% |
| EFV | iShares MSCI EAFE Value ETF | 26.7% | +25 bp | -0.6% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 25.5% | +13 bp | -3.0% |
| SCHY | Schwab International Dividend Equity ETF | 25.4% | +5 bp | -0.3% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 23.9% | +74 bp | 0.0% |
Risk and Returns: HDEF 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 3/11/2025
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
HDEF
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
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
HDEF
9.0%
Cat. Avg
6.8%
ALTAR Score™ Calculation
Category Overview
There are 259 funds in the International Equity category, with an average ALTAR Score™
of 6.8% and a standard deviation of
2.4%. HDEF's ALTAR Score™ is approximately
0.9 standard deviations
above
the category average. This places HDEF in the 82nd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
HDEFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| HDEF (9 bp) Percentile rank | 9 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| HDEF | 9.0 | 5.1 | 14.1 |
| Peer Avg. | 43.4 | 23.4 | 66.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .