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DBAW ETF · Xtrackers MSCI All World ex US Hedged Equity ETF
The DBAW Exchange Traded Fund (ETF) is provided by Xtrackers by DWS. It is built to track an index: MSCI ACWI ex USA Index. The DBAW ETF provides physical exposure, so by buying it you actually own parts of all the 1,846 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update 3/13/2026, 1:30 PM UTC
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This fund is part ofGlobal Blended Cap1M perf.-5.60%
Last price
$42.55
1M perf.
-3.30%
1M flows
N/A
AuM
€201M
E/R
0.4%
Rating
ESG Consensus®
DBAW
$42.55
Performance & flows
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December 15, 2025 → March 13, 2026
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DBAW
$42.55
+4.88%
Global Blended Cap
+3.23%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -3.30%  | +4.88%  | +26.21% | +66.79% | +67.52% | -6.09% | +3.61% | +3.61% | |
| Flows |
Key fund info
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This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
233051820
ISIN
US2330518208
AuM
€201M
E/R
0.4%
Replication rating
ESG Consensus®
More details
NAV
3/13/2026
$42.55
1D NAV change
-0.62%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
1846
Inception date
1/22/2014
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Investment strategy
Deutsche X-trackers MSCI All World ex US Hedged Equity ETF (DBAW) seeks investment results that correspond generally to the performance, before fees and expenses, of the MSCI ACWI ex USA US Dollar Hedged Index. The Index is designed to provide exposure to equity securities in developed and emerging stock markets (excluding the U.S.), while at the same time mitigating exposure to fluctuations between the value of the U.S. dollar and selected non-U.S. currencies.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise Fund page features include:
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Fund data exports
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSimilar ETFs in your region
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +4.88% | +26.21% | +66.79% | +67.52% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseExposure
Countries
Japan
13.54%
United Kingdom
8.72%
Canada
8.14%
Taiwan
6.43%
Switzerland
5.66%
Germany
5.61%
France
5.58%
Cayman Islands
4.70%
Unavailable
2.10%
Other
39.52%
Sectors
Financials
22.92%
Information Technology
15.37%
Industrials
13.56%
Consumer Discretionary
9.05%
Materials
6.45%
Health Care
6.35%
Communication Services
5.18%
Consumer Staples
5.02%
Unavailable
7.48%
Other
8.61%
Diversification
Total weight of top 15 holdings out of 1846
Top 15 holdings
Data as of January 31, 2026
TWN SEMICONT MAN
ASML HOLDING
SAMSUNG ELECTR
TENCENT HOLDINGS
ALIBABA GROUP HOLDING LTD
ROCHE
ASTRAZENECA
HSBC HOLDINGS
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SK HYNIX
NOVARTIS
SAP SE
NESTLE SA
ROYAL BK CANADA
SIEMENS
TOYOTA
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about DBAW ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
DBAW’s has a Final Sustainability Grade of either C+, C, C-, or D.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
67.66% of holdings have positive scoring
34.47% of holdings have negative scoring
8.39%
39.43%
19.85%
6.68%
21.86%
5.93%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseReplication
Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
MSCI ACWI ex USA US Dollar Hedged Net Total Return Index - USD
Index ticker
M1WDUHED Index
Index dividend policy
NTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Xtrackers by DWS
Xtrackers by DWS ID Card
Number of funds
490
Total AuM
€323.42B
Expense ratio range
0.03% - 0.95%
Average expense ratio
0.2452%
Top 5 funds by Xtrackers by DWS
| AuM | ||
|---|---|---|
XEON | Xtrackers II EUR Overnight Rate Swap UCITS ETF | €19.36B |
XDWD | Xtrackers MSCI World UCITS ETF | €16.52B |
XMME | Xtrackers MSCI Emerging Markets UCITS ETF | €9.6B |
XDEW | Xtrackers S&P 500 Equal Weight UCITS ETF | €9.28B |
XD9U | Xtrackers MSCI USA UCITS ETF | €9.27B |
Frequently asked questions about DBAW
What does Xtrackers MSCI All World ex US Hedged Equity ETF, DBAW, invest in?
DBAW is a Passive ETF. This ETF provides exposure to Large and Mid-Cap Global ex-US Equities.
Which benchmark or index does DBAW replicate?
DBAW tracks the MSCI ACWI ex USA US Dollar Hedged Net Total Return Index - USD, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of DBAW?
DBAW carries a total expense ratio (TER) of 0.4%, indicating the annual cost for holding the fund.
When was DBAW launched?
DBAW was introduced to the market on January 22, 2014. It trades on United States
Who is the ETF issuer of DBAW?
Xtrackers MSCI All World ex US Hedged Equity ETF, DBAW, is provided by Xtrackers by DWS. Learn more about Xtrackers by DWS here.
What is the current assets under management (AUM) of DBAW?
DBAW oversees €201M in assets as of March 13, 2026.
How has DBAW performed lately?
Based on data from March 13, 2026, DBAW returned -3.30% over the past month, 4.88% over the last three months and 3.61% year-to-date.
Does DBAW distribute dividends?
DBAW follows a distributing dividend policy, meaning it pays out income to investors. As of March 13, 2026, its 12-month trailing yield was 3.71%.
What are the main country or region exposures of DBAW?
As of January 31, 2026, DBAW has significant geographic allocations in Japan, United Kingdom and Canada.
In which sector or theme does DBAW invest in?
As of January 31, 2026, DBAW focuses largely on Financials, Information Technology and Industrials.
How many securities does DBAW hold and how diversified is it?
As of January 31, 2026, DBAW holds 1846 positions in its portfolio, with 16.39% of assets concentrated in its top 15 holdings.
What are the main positions in DBAW?
As of January 31, 2026, DBAW top three holdings include TWN SEMICONT MAN, ASML HOLDING and SAMSUNG ELECTR.
What is the base currency of DBAW?
The base currency of DBAW is USD.
Is DBAW currency-hedged?
DBAW is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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