DBAW vs. DBEM ETF Comparison

Comparison of db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW) to db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM)

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

$34.24

Average Daily Volume

23,478

Number of Holdings ^*

* may have additional holdings in another (foreign) market

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

$25.67

Average Daily Volume

19,825

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBAW	DBEM
30 Days	3.18%	5.49%
60 Days	2.98%	5.20%
90 Days	6.64%	9.95%
12 Months	19.93%	14.31%

44 Overlapping Holdings

Symbol	Grade	Weight in DBAW	Weight in DBEM	Overlap
ABEV	F	0.03%	0.11%	0.03%
ASAI	F	0.03%	0.09%	0.03%
ATHM	C	0.01%	0.03%	0.01%
BABA	C	0.52%	1.83%	0.52%
BAP	C	0.04%	0.14%	0.04%
BCH	C	0.02%	0.07%	0.02%
BEKE	D	0.04%	0.13%	0.04%
BGNE	F	0.03%	0.1%	0.03%
BIDU	D	0.09%	0.32%	0.09%
BILI	C	0.01%	0.05%	0.01%
BRFS	C	0.01%	0.03%	0.01%
BVN	C	0.01%	0.04%	0.01%
BZ	D	0.02%	0.06%	0.02%
CHT	F	0.05%	0.18%	0.05%
CSAN	D	0.01%	0.04%	0.01%
GGB	F	0.02%	0.06%	0.02%
HDB	C	0.22%	0.74%	0.22%
HTHT	F	0.03%	0.09%	0.03%
IBN	B	0.27%	0.94%	0.27%
IQ	F	0.0%	0.02%	0.0%
KB	B	0.08%	0.3%	0.08%
KEP	D	0.01%	0.04%	0.01%
KT	C	0.0%	0.01%	0.0%
LEGN	D	0.02%	0.04%	0.02%
LI	F	0.04%	0.16%	0.04%
LPL	C	0.01%	0.03%	0.01%
NIO	F	0.02%	0.08%	0.02%
PDD	D	0.3%	1.05%	0.3%
QFIN	C	0.01%	0.03%	0.01%
SBSW	F	0.01%	0.04%	0.01%
SCCO	C	0.04%	0.12%	0.04%
SHG	B	0.06%	0.2%	0.06%
SKM	C	0.01%	0.02%	0.01%
TAL	F	0.01%	0.07%	0.01%
TCOM	D	0.09%	0.34%	0.09%
TME	B	0.04%	0.15%	0.04%
UMC	C	0.07%	0.22%	0.07%
VALE	F	0.15%	0.5%	0.15%
VIPS	F	0.02%	0.06%	0.02%
WIT	B	0.03%	0.11%	0.03%
XPEV	D	0.01%	0.06%	0.01%
YNDX	C	0.0%	0.0%	0.0%
YUMC	F	0.04%	0.15%	0.04%
ZTO	F	0.03%	0.11%	0.03%

DBAW Overweight 39 Positions Relative to DBEM

Symbol	Grade	Weight
TM	F	0.79%
NVS	B	0.76%
UL	A	0.5%
MUFG	B	0.45%
SONY	B	0.38%
TD	D	0.36%
ABBV	B	0.32%
SMFG	B	0.31%
SHOP	D	0.3%
DEO	F	0.26%
CNI	D	0.23%
MFG	B	0.18%
LYG	A	0.17%
HMC	F	0.17%
BCS	A	0.16%
STLA	F	0.16%
FLUT	C	0.13%
E	D	0.12%
GOLD	B	0.11%
SE	B	0.1%
TEVA	B	0.07%
AER	B	0.07%
NMR	C	0.06%
XRX	F	0.05%
RBA	B	0.05%
LOGI	D	0.05%
CHKP	B	0.05%
CCEP	C	0.05%
CYBR	C	0.04%
WIX	C	0.03%
OTEX	D	0.03%
QGEN	D	0.03%
MNDY	C	0.03%
WFG	D	0.02%
AGCO	F	0.02%
GRAB	D	0.02%
DOOO	D	0.01%
FUTU	D	0.01%
GLBE	C	0.01%

DBAW Underweight 0 Positions Relative to DBEM

	Symbol	Grade	Weight

DBAW: Top Represented Industries & Keywords

Industries: Internet Content & Information Auto Manufacturers Banks - Regional - Asia Software - Application Banks - Global Specialty Retail Telecom Services Banks - Regional - Latin America Biotechnology Capital Markets Consumer Electronics Drug Manufacturers - Major Gold Industrial Metals & Minerals Information Technology Services Airports & Air Services Banks - Regional - Europe Beverages - Brewers Beverages - Soft Drinks Beverages - Wineries & Distilleries