DBEU vs IVV
Xtrackers MSCI Europe Hedged Equity ETF vs iShares Core S&P 500 ETF
Which is better, DBEU or IVV?
Each has led over a different period.
IVV has a lower expense ratio. DBEU led over 1Y, IVV over 3Y, 5Y and the full window. DBEU is less concentrated, with 20.7% of the fund in its ten largest positions against 37.9%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DBEU | IVV |
|---|---|---|
| Expense Ratio | 0.45% | 0.03%Best |
| AUM | $796M | $886.7B |
| Dividend Yield | 1.40% | 1.10% |
| Holdings | 410 | 508 |
| YTD Return | +12.20% | +13.39%Best |
| 1Y Return | +22.74%Best | +20.08% |
| 3Y Return (annualized) | +17.09% | +21.29%Best |
| 5Y Return (annualized) | +11.53% | +12.88%Best |
| Volatility (annualized) | 12.7%Best | 14.5% |
| Max Drawdown | -34.5% | -33.9%Best |
| $10,000 over 5 years | $17,257 | $18,327Best |
| Top 10 Weight | 20.7%Best | 37.9% |
| Fund Family | Xtrackers ETFs | iShares by BlackRock (US) |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Oct 1, 2013 | May 15, 2000 |
Volatility and max drawdown are measured over the window both funds cover: Oct 1, 2013 to Sep 4, 2026 (12.9 years).
DBEU vs IVV growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 12.9 years both funds cover.
DBEU vs IVV Performance
Xtrackers MSCI Europe Hedged Equity ETF (DBEU) is an ETF from Xtrackers ETFs and iShares Core S&P 500 ETF (IVV) is an ETF from iShares by BlackRock (US). Over the past year DBEU returned +22.74% while IVV returned +20.08%. Year to date, DBEU is up 12.20% versus a gain of 13.39% for IVV.
Over three years, DBEU compounded at +17.09% per year against +21.29% for IVV; over five years the annualized figures are +11.53% and +12.88% respectively. Across the full 13-year window we track, IVV has the edge at +13.10% annualized vs +9.84%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
IVV has been the more volatile fund, with annualized monthly volatility of 14.5% compared with 12.7% for DBEU. 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 -34.5% for DBEU and -33.9% for IVV. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.79. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DBEU charges 0.45% per year while IVV charges 0.03%. On a $10,000 position that is $45 vs $3 annually, a gap of $42 per year that compounds over a long holding period. On income, DBEU currently yields 1.40% against 1.10% for IVV.
Holdings Overlap
0.1% of DBEU's money is in holdings IVV also owns. 0.1% of IVV's money is in holdings DBEU also owns.
We cannot see either book well enough to say how much of this pair is duplicated.
1 positions in common, counted across the 398 positions we hold weights for in DBEU and 504 in IVV, against full books of 410 and 508.
What only one of them owns
Our book lists 493 positions for IVV that do not appear in our book for DBEU (99.2% of the fund), and 3 for DBEU that do not appear in IVV (0.5%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DBEU | Weight in IVV | Difference |
|---|---|---|---|
| UMG:ASUniversal Music Group NV | 0.12% | 0.06% | 0.06% |
You are not choosing between two funds in isolation.
Whichever of DBEU and IVV you pick has to sit alongside everything else you own. Add the rest and see what the combination actually holds.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DBEU or IVV?
DBEU has an expense ratio of 0.45% while IVV charges 0.03%. IVV is the cheaper option, by $42 a year on a $10,000 investment.
Which performed better, DBEU or IVV?
Over the past year DBEU returned +22.74% vs +20.08% for IVV, so DBEU leads on 1-year performance. Over the longest common window we track (13 years), DBEU annualized +9.84% vs +13.10% for IVV. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBEU or IVV?
IVV has been the more volatile fund at 14.5% annualized versus 12.7% for DBEU. Worst drawdown: DBEU -34.5% vs IVV -33.9%.
Should I hold both DBEU and IVV?
DBEU and IVV have a monthly-return correlation of 0.79, so their returns are far enough apart for the mix to behave differently from either one alone. This is information, not a recommendation.
Which pays a higher dividend, DBEU or IVV?
DBEU yields 1.40% while IVV yields 1.10%, so DBEU currently pays the higher dividend yield.
Is IVV better than DBEU?
IVV has a lower expense ratio. DBEU led over 1Y, IVV over 3Y, 5Y and the full window. DBEU is less concentrated, with 20.7% of the fund in its ten largest positions against 37.9%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.