DBEZ vs SPY
Xtrackers MSCI Eurozone Hedged Equity ETF vs State Street SPDR S&P 500 ETF Trust
Quick Verdict
SPY has a lower expense ratio. DBEZ delivered stronger 1-year returns. DBEZ offers more diversification with 599 holdings.
Side-by-Side Comparison
| Metric | DBEZ | SPY | Winner |
|---|---|---|---|
| Expense Ratio | 0.45% | 0.09% | |
| AUM | $77M | $821.1B | |
| Dividend Yield | 1.26% | 1.01% | |
| Holdings | 599 | 505 | |
| YTD Return | +13.33% | +13.17% | |
| 1Y Return | +21.73% | +21.53% | |
| 3Y Return (annualized) | +19.30% | +22.06% | |
| 5Y Return (annualized) | +12.33% | +13.35% | |
| Volatility (annualized) | 16.3% | 15.3% | |
| Max Drawdown | -38.8% | -56.5% | |
| Fund Family | Xtrackers ETFs | State Street Investment Management | |
| Category | Equity | Equity | |
| Inception | Dec 10, 2014 | Jan 22, 1993 |
DBEZ vs SPY Performance
Xtrackers MSCI Eurozone Hedged Equity ETF (DBEZ) is a ETF from Xtrackers ETFs and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Over the past year DBEZ returned +21.73% while SPY returned +21.53%. Year to date, DBEZ is up 13.33% versus a gain of 13.17% for SPY.
Over three years, DBEZ compounded at +19.30% per year against +22.06% for SPY; over five years the annualized figures are +12.33% and +13.35% respectively. Across the full 12-year window we track, DBEZ has the edge at +9.70% annualized vs +8.82%. Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBEZ has been the more volatile fund, with annualized monthly volatility of 16.3% compared with 15.3% for SPY. 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 -38.8% for DBEZ and -56.5% for SPY. 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 0.78. They usually move together, but the gap leaves some room for diversification.
Fees and Cost Over Time
DBEZ charges 0.45% per year while SPY charges 0.09%. On a $10,000 position that is $45 vs $9 annually, a gap of $36 per year that compounds over a long holding period. On income, DBEZ currently yields 1.26% against 1.01% for SPY.
Holdings Overlap
DBEZ and SPY share 0 holdings out of 1093 unique holdings combined, representing a 0.0% weight overlap.
Moderate overlap means holding both could provide meaningful diversification benefits.
Frequently Asked Questions
Which is cheaper, DBEZ or SPY?
DBEZ has an expense ratio of 0.45% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $36 per year of difference.
Which performed better, DBEZ or SPY?
Over the past year DBEZ returned +21.73% vs +21.53% for SPY, so DBEZ leads on 1-year performance. Over the longest common window we track (12 years), DBEZ annualized +9.70% vs +8.82% for SPY. Past performance does not guarantee future results.
Which is riskier, DBEZ or SPY?
DBEZ has been the more volatile fund at 16.3% annualized versus 15.3% for SPY. Worst drawdown: DBEZ -38.8% vs SPY -56.5%.
Should I hold both DBEZ and SPY?
DBEZ and SPY have a monthly-return correlation of 0.78, so combining them can provide real diversification depending on your allocation goals.
What is the holdings overlap between DBEZ and SPY?
DBEZ and SPY share 0 common holdings with a 0.0% weight overlap. Combined, they hold 1093 unique securities.
Which pays a higher dividend, DBEZ or SPY?
DBEZ yields 1.26% while SPY yields 1.01%, so DBEZ currently pays the higher dividend yield.
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