DBAW vs. VEA ETF Comparison

Comparison of db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW) to Vanguard FTSE Developed Markets ETF (VEA)

DBAW

db X-trackers MSCI All World ex US Hedged Equity Fund

DBAW Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The fund, using a "passive" or indexing investment approach, attempts to approximate the investment performance of the underlying index. The underlying index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the United States), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies. The fund is non-diversified.

Grade (RS Rating)

Last Trade

$34.96

Average Daily Volume

10,226

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VEA

Vanguard FTSE Developed Markets ETF

VEA Description

The investment seeks to provide a tax-efficient investment return consisting of long-term capital appreciation. The fund purchases stocks included in the FTSE Developed ex North America Index, which includes approximately 1,385 common stocks of companies located in developed countries of Europe, Australia, Asia, and the Far East. It uses statistical methods to "sample" the index, aiming to closely track its investment performance while limiting investments in Index securities that have undesirable tax characteristics in an attempt to minimize taxable income distributions.

Grade (RS Rating)

Last Trade

$52.98

Average Daily Volume

7,458,930

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBAW	VEA
30 Days	3.85%	2.01%
60 Days	4.63%	6.12%
90 Days	4.70%	7.50%
12 Months	23.36%	24.58%

32 Overlapping Holdings

Symbol	Grade	Weight in DBAW	Weight in VEA	Overlap
ABBV	B	0.32%	0.37%	0.32%
AGCO	D	0.02%	0.02%	0.02%
BCS	B	0.16%	0.19%	0.16%
CNI	D	0.22%	0.27%	0.22%
DEO	C	0.27%	0.3%	0.27%
DOOO	F	0.01%	0.01%	0.01%
E	D	0.13%	0.15%	0.13%
GOLD	C	0.13%	0.15%	0.13%
HMC	D	0.18%	0.22%	0.18%
KB	D	0.09%	0.09%	0.09%
KEP	D	0.02%	0.02%	0.02%
LOGI	D	0.05%	0.06%	0.05%
LPL	D	0.01%	0.01%	0.01%
LYG	B	0.17%	0.2%	0.17%
MBAVU	D	0.02%	0.02%	0.02%
MFG	D	0.17%	0.22%	0.17%
MUFG	D	0.41%	0.47%	0.41%
NMR	F	0.06%	0.07%	0.06%
NVS	C	0.82%	1.01%	0.82%
OTEX	D	0.03%	0.03%	0.03%
QGEN	C	0.03%	0.04%	0.03%
RBA	D	0.05%	0.06%	0.05%
SHG	C	0.06%	0.09%	0.06%
SHOP	C	0.34%	0.37%	0.34%
SMFG	D	0.28%	0.34%	0.28%
SONY	C	0.41%	0.48%	0.41%
STLA	F	0.11%	0.14%	0.11%
TD	C	0.4%	0.43%	0.4%
TM	D	0.67%	0.93%	0.67%
UL	B	0.58%	0.66%	0.58%
WFG	B	0.02%	0.03%	0.02%
XRX	D	0.05%	0.06%	0.05%

DBAW Overweight 54 Positions Relative to VEA

Symbol	Grade	Weight
BABA	B	0.6%
HDB	C	0.31%
IBN	C	0.3%
PDD	D	0.25%
NU	C	0.15%
VALE	C	0.13%
SE	B	0.11%
TCOM	B	0.1%
BIDU	C	0.09%
TEVA	D	0.07%
AER	C	0.07%
UMC	B	0.07%
CHT	B	0.06%
CCEP	C	0.06%
CHKP	B	0.06%
LI	D	0.05%
YUMC	C	0.05%
MNDY	C	0.04%
BGNE	B	0.04%
ABEV	C	0.04%
CYBR	B	0.04%
BAP	B	0.04%
GRAB	B	0.03%
NIO	C	0.03%
ASAI	F	0.03%
TME	D	0.03%
WIT	C	0.03%
WIX	C	0.03%
SCCO	C	0.03%
BEKE	B	0.03%
LEGN	F	0.02%
VIPS	C	0.02%
GGB	C	0.02%
XPEV	C	0.02%
BCH	B	0.02%
ERJ	C	0.02%
XP	D	0.02%
HTHT	C	0.02%
PAGS	F	0.01%
SKM	B	0.01%
ATHM	B	0.01%
QFIN	A	0.01%
CSAN	D	0.01%
STNE	F	0.01%
SBSW	D	0.01%
BVN	D	0.01%
TAL	D	0.01%
BRFS	C	0.01%
BZ	C	0.01%
FUTU	A	0.01%
BILI	A	0.01%
GLBE	C	0.01%
IQ	D	0.0%
KT	B	0.0%

DBAW Underweight 29 Positions Relative to VEA

Symbol	Grade	Weight
WCN	D	-0.2%
FLUT	C	-0.16%
SW	B	-0.1%
AEI	C	-0.02%
TRMD	D	-0.01%
GOGL	C	-0.01%
LSPD	C	-0.01%
HAFN	D	-0.01%
TAC	B	-0.01%
LIF	C	-0.01%
IAG	C	-0.01%
PRMW	C	-0.01%
FRO	D	-0.01%
CALX	C	-0.0%
SLDB	F	-0.0%
VGR	C	-0.0%
CTS	D	-0.0%
GCBC	D	-0.0%
IONR	A	-0.0%
AUDC	F	-0.0%
VMAR	F	-0.0%
CHGX	A	-0.0%
RENB	F	-0.0%
SSBI	F	-0.0%
ELBM	D	-0.0%
FLNG	D	-0.0%
MNTX	D	-0.0%
PIXY	F	-0.0%
SPNS	D	-0.0%