DBEM vs. AAXJ ETF Comparison

Comparison of db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM) to iShares MSCI All Country Asia ex Japan Index Fund (AAXJ)

DBEM

db-X trackers MSCI Emerging Markets Hedged Equity Fund

DBEM Description

The investment seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI EM US Dollar Hedged Index (the "underlying index"). The fund will normally invest at least 80% of its net assets in the equity securities of issuers from emerging markets countries and in instruments designed to hedge against the fund's exposure to non-U.S. currencies. The index is designed to provide exposure to equity securities in the global emerging markets, while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected emerging market currencies. It is non-diversified.

Grade (RS Rating)

Last Trade

$25.39

Average Daily Volume

9,264

Number of Holdings ^*

* may have additional holdings in another (foreign) market

AAXJ

iShares MSCI All Country Asia ex Japan Index Fund

AAXJ Description

The investment seeks to replicate the returns of the MSCI All Country Asia ex Japan Index. The fund generally invests at least 90% of its assets in securities of the underlying index and in DRs representing securities of the underlying index. The underlying index is a free float-adjusted market capitalization index designed to measure equity market performance of the following 10 developed and emerging market countries or regions: China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan and Thailand. Components primarily include consumer discretionary, financial, industrials and information technology companies.

Grade (RS Rating)

Last Trade

$74.00

Average Daily Volume

607,485

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEM	AAXJ
30 Days	-2.65%	-4.42%
60 Days	0.12%	-0.92%
90 Days	0.86%	0.48%
12 Months	14.73%	14.85%

15 Overlapping Holdings

Symbol	Grade	Weight in DBEM	Weight in AAXJ	Overlap
BABA	D	2.06%	2.51%	2.06%
BGNE	D	0.13%	0.15%	0.13%
BIDU	F	0.29%	0.35%	0.29%
BILI	D	0.05%	0.06%	0.05%
CHT	D	0.17%	0.2%	0.17%
HDB	C	1.03%	1.26%	1.03%
IBN	C	0.94%	1.15%	0.94%
LI	F	0.17%	0.21%	0.17%
NIO	F	0.08%	0.09%	0.08%
TCOM	B	0.4%	0.49%	0.4%
TME	D	0.11%	0.12%	0.11%
UMC	F	0.19%	0.23%	0.19%
WIT	A	0.11%	0.13%	0.11%
XPEV	C	0.1%	0.11%	0.1%
YUMC	C	0.23%	0.27%	0.23%

DBEM Overweight 31 Positions Relative to AAXJ

Symbol	Grade	Weight
PDD	F	0.96%
NU	C	0.5%
VALE	F	0.4%
KB	B	0.3%
SHG	D	0.2%
BEKE	D	0.16%
BAP	B	0.15%
SCCO	F	0.11%
ABEV	F	0.11%
ASAI	F	0.09%
ERJ	B	0.08%
HTHT	D	0.08%
BCH	F	0.07%
XP	F	0.07%
TAL	F	0.06%
GGB	C	0.06%
VIPS	F	0.06%
KEP	B	0.05%
SBSW	D	0.04%
BZ	F	0.04%
QFIN	B	0.04%
SKM	D	0.03%
BVN	F	0.03%
ATHM	D	0.03%
STNE	F	0.03%
CSAN	F	0.03%
LEGN	F	0.03%
BRFS	D	0.03%
PAGS	F	0.02%
LPL	F	0.02%
IQ	F	0.01%

DBEM Underweight 1 Positions Relative to AAXJ

	Symbol	Grade	Weight
	MNSO	F	-0.02%