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Global ETF Survey 2026
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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 1,947 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofGlobal Blended Cap1M perf.+0.36%
Last price
$47.61
1M perf.
+2.88%
1M flows
N/A
AuM
€229M
TER
0.4%
Rating
ESG Consensus®
DBAW
$47.61
Performance & flows
Segment for quartile rank
March 12, 2026 → June 12, 2026
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DBAW
$47.29
+10.45%
Global Blended Cap
+10.12%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | +2.88%  | +10.45%  | +33.09% | +74.54% | +76.97% | 0.00% | +13.42% | +15.16% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
Issuer
CUSIP
233051820
ISIN
US2330518208
AuM
€229M
TER
0.4%
Replication rating
ESG Consensus®
More details
NAV
6/12/2026
$47.29
1D NAV change
+1.93%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
1947
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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TER
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TER
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +10.45% | +33.09% | +74.54% | +76.97% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
Japan
13.19%
United Kingdom
8.53%
Canada
8.18%
Taiwan
7.87%
Republic of Korea
5.78%
Switzerland
5.51%
France
5.38%
Germany
5.29%
Unavailable
2.17%
Other
38.09%
Sectors
Financials
22.51%
Information Technology
17.78%
Industrials
13.37%
Consumer Discretionary
7.86%
Materials
6.34%
Health Care
5.08%
Energy
4.79%
Communication Services
4.76%
Unavailable
8.21%
Other
9.30%
Diversification
Total weight of top 15 holdings out of 1947
Top 15 holdings
Data as of April 30, 2026
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More risk metrics are available, exclusively in Trackinsight Enterprise
Sustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of April 30, 2026
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
69.84% of holdings have positive scoring
32.38% of holdings have negative scoring
11.78%
41.17%
16.89%
7.16%
20.80%
Consensus levels
Strong
Medium
Weak
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
1-year trailing difference
As of May 29, 2026
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DBAW
N/A
Replication quality
Calculated over 12m, as of May 29, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Xtrackers by DWS
Xtrackers by DWS ID Card
Number of funds
503
Total AuM
€350.58B
Expense ratio range
0.03% - 0.95%
Average expense ratio
0.2419%
Top 5 funds by Xtrackers by DWS
| AuM | ||
|---|---|---|
XEON | Xtrackers II EUR Overnight Rate Swap UCITS ETF | €21.17B |
XDWD | Xtrackers MSCI World UCITS ETF | €18.89B |
XMME | Xtrackers MSCI Emerging Markets UCITS ETF | €11.19B |
XD9U | Xtrackers MSCI USA UCITS ETF | €10.85B |
XDEW | Xtrackers S&P 500 Equal Weight UCITS ETF | €9.36B |
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 €229M in assets as of June 12, 2026.
How has DBAW performed lately?
Based on data from June 12, 2026, DBAW returned 2.88% over the past month, 10.45% over the last three months and 15.16% year-to-date.
What are the latest inflows or outflows for DBAW?
As of June 12, 2026, DBAW recorded net flows of +€7.7M year-to-date.
Does DBAW distribute dividends?
DBAW follows a distributing dividend policy, meaning it pays out income to investors. As of June 12, 2026, its 12-month trailing yield was 3.34%.
What are the main country or region exposures of DBAW?
As of April 30, 2026, DBAW has significant geographic allocations in Japan, United Kingdom and Canada.
In which sector or theme does DBAW invest in?
As of April 30, 2026, DBAW focuses largely on Financials, Information Technology and Industrials.
How many securities does DBAW hold and how diversified is it?
As of April 30, 2026, DBAW holds 1947 positions in its portfolio, with 17.62% of assets concentrated in its top 15 holdings.
What are the main positions in DBAW?
As of April 30, 2026, DBAW top three holdings include TWN SEMICONT MAN, SAMSUNG ELECTR and ASML HOLDING.
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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