DBAW vs VOO
Xtrackers MSCI All World ex US Hedged Equity ETF vs Vanguard S&P 500 ETF
Quick Verdict
VOO has a lower expense ratio. DBAW delivered stronger 1-year returns. DBAW offers more diversification with 1,830 holdings.
Side-by-Side Comparison
| Metric | DBAW | VOO | Winner |
|---|---|---|---|
| Expense Ratio | 0.40% | 0.03% | |
| AUM | $304M | $997.4B | |
| Dividend Yield | 1.73% | 1.08% | |
| Holdings | 1,830 | 509 | |
| YTD Return | +16.56% | +14.27% | |
| 1Y Return | +29.76% | +21.79% | |
| 3Y Return (annualized) | +21.77% | +22.19% | |
| 5Y Return (annualized) | +12.73% | +13.28% | |
| Volatility (annualized) | 12.2% | 14.2% | |
| Max Drawdown | -31.4% | -34.3% | |
| Fund Family | Xtrackers ETFs | Vanguard (US) | |
| Category | Equity | Equity | |
| Inception | Jan 22, 2014 | Sep 7, 2010 |
DBAW vs VOO Performance
Xtrackers MSCI All World ex US Hedged Equity ETF (DBAW) is a ETF from Xtrackers ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year DBAW returned +29.76% while VOO returned +21.79%. Year to date, DBAW is up 16.56% versus a gain of 14.27% for VOO.
Over three years, DBAW compounded at +21.77% per year against +22.19% for VOO; over five years the annualized figures are +12.73% and +13.28% respectively. Across the full 13-year window we track, VOO has the edge at +13.59% annualized vs +7.77%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
VOO has been the more volatile fund, with annualized monthly volatility of 14.2% compared with 12.2% for DBAW. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -31.4% for DBAW and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.
The two funds' monthly returns correlate at 0.83. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DBAW charges 0.40% per year while VOO charges 0.03%. On a $10,000 position that is $40 vs $3 annually, a gap of $37 per year that compounds over a long holding period. On income, DBAW currently yields 1.73% against 1.08% for VOO.
Holdings Overlap
DBAW and VOO share 1 holdings out of 2255 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Top Shared Holdings
| Stock | Weight in DBAW | Weight in VOO | Difference |
|---|---|---|---|
| HAL | 0.02% | 0.04% | 0.02% |
Frequently Asked Questions
Which is cheaper, DBAW or VOO?
DBAW has an expense ratio of 0.40% while VOO charges 0.03%. VOO is the cheaper option. On a $10,000 investment, that is $37 per year of difference.
Which performed better, DBAW or VOO?
Over the past year DBAW returned +29.76% vs +21.79% for VOO, so DBAW leads on 1-year performance. Over the longest common window we track (13 years), DBAW annualized +7.77% vs +13.59% for VOO. Past performance does not guarantee future results.
Which is riskier, DBAW or VOO?
VOO has been the more volatile fund at 14.2% annualized versus 12.2% for DBAW. Worst drawdown: DBAW -31.4% vs VOO -34.3%.
Should I hold both DBAW and VOO?
DBAW and VOO have a monthly-return correlation of 0.83, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBAW and VOO?
DBAW and VOO share 1 common holdings with a 0.0% weight overlap. Combined, they hold 2255 unique securities.
Which pays a higher dividend, DBAW or VOO?
DBAW yields 1.73% while VOO yields 1.08%, so DBAW currently pays the higher dividend yield.
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