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
1.9 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) | $1,872 |
| 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 | 5.6 % |
| NOVARTIS AG | 5.0 % |
| ALLIANZ SE-REG | 4.8 % |
| UNILEVER PLC | 4.6 % |
| SANOFI-AVENTIS | 4.5 % |
| TOTAL SA | 4.5 % |
| ZURICH FINANCIAL SERVICES AG | 3.3 % |
| IBERDROLA SA | 2.9 % |
| BRITISH AMERICAN TOBACCO PLC | 2.7 % |
| AXA SA | 2.5 % |
Constituent Breakdown
| Number of holdings | 135 |
| Herfindahl-Hirschman Index | 236 |
| Wgt avg mkt cap (mns) | $75,350 |
| Large cap (>$10bn) | 87.8% |
| Mid cap ($2-10bn) | 6.8% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.7% |
| Emerging mkts. | 0.1% |
Country Exposure
 |
SWITZERLAND | 20.1 % |
 |
BRITAIN | 17.4 % |
 |
FRANCE | 16.8 % |
 |
GERMANY | 7.6 % |
 |
JAPAN | 7.5 % |
 |
SINGAPORE | 5.5 % |
 |
AUSTRALIA | 4.4 % |
 |
SPAIN | 3.6 % |
 |
NETHERLANDS | 2.6 % |
 |
SWEDEN | 2.3 % |
Historical Performance
Standardized Performance (as of 03/31/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 8.0% | 9.0% | 8.0% | 3.2% | 3.7% | -- | -- | 0.7% |
| Dividend Yield | 4.5% | 5.2% | 5.4% | 6.0% | 9.7% | -- | -- | 6.0% |
| Total Returns | 12.5% | 14.1% | 13.4% | 9.2% | 13.4% | -- | -- | 6.7% | Ann. Volatility | 11.8% | 12.1% | 12.5% | 14.9% | 18.9% | -- | -- | 18.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.65 | 45% |
| MSCI EAFE | 0.92 | 89% |
| MSCI Emg Mkts | 0.80 | 67% |
Liquidity Measures
| Avg. volume (000) | 320 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.05% |
| ADV of underlying (mns) | $4,550 |
Technical Indicators
| Recent close | $27.35 |
| 30d moving avg. | $26.81 |
| Annualized volatility | 16.9% |
| Relative strength (RSI) | 52 |
| Short interest (ETF) | 0.5% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. HDEF |
Expenses vs. HDEF |
ALTAR Score™ vs. HDEF |
|---|---|---|---|---|
| VWID | Virtus WMC International Dividend ETF | 38.9% | +40 bp | -0.3% |
| LVHI | Franklin International Low Volatility High Dividend Index ET | 34.9% | +31 bp | +2.4% |
| DIVI | Franklin International Core Dividend Tilt Index ETF | 30.8% | 0 bp | -0.8% |
| DTH | WisdomTree International High Dividend Fund | 30.5% | +49 bp | +0.1% |
| DOL | WisdomTree International LargeCap Dividend Fund | 29.6% | +39 bp | -1.6% |
| QLVD | FlexShares Developed Markets ex-US Quality Low Volatility In | 29.0% | +23 bp | -3.2% |
| EFV | iShares MSCI EAFE Value ETF | 27.6% | +25 bp | +0.4% |
| SCHY | Schwab International Dividend Equity ETF | 27.4% | +5 bp | +0.6% |
| EFAV | iShares MSCI EAFE Min Vol Factor ETF | 25.3% | +13 bp | -3.4% |
| RFDI | First Trust Riverfront Dynamic Developed International ETF | 24.1% | +74 bp | +1.1% |
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.
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Results & Estimates
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025E | 2026E | ||
|---|---|---|---|---|---|---|---|---|
| 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
Content on this tab for Individual & Professional subscribers only. Start your FREE trial
Valuation Metrics
| 2024 | 2025E | Fwd Est | 2026E | |
| 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 4/17/2025
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.
Some content on this tab for Individual & Professional subscribers only. Start your FREE trial
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™
HDEF
9.1%
Cat. Avg
7.6%
ALTAR Score™ Calculation
Category Overview
There are 260 funds in the International Equity category, with an average ALTAR Score™
of 7.6% and a standard deviation of
2.3%. HDEF's ALTAR Score™ is approximately
0.7 standard deviations
above
the category average. This places HDEF in the 75th 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. | 44.1 | 23.2 | 67.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .