DBAW vs. GEM ETF Comparison

Comparison of db X-trackers MSCI All World ex US Hedged Equity Fund (DBAW) to Goldman Sachs ActiveBeta Emerging Markets Equity ETF (GEM)

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

$35.42

Average Daily Volume

9,848

Number of Holdings ^*

* may have additional holdings in another (foreign) market

GEM

Goldman Sachs ActiveBeta Emerging Markets Equity ETF

GEM Description

The investment seeks to provide investment results that closely correspond, before fees and expenses, to the performance of the Goldman Sachs ActiveBeta® Emerging Markets Equity Index. The fund invests at least 80% of its assets (exclusive of collateral held from securities lending) in securities included in its underlying index, in depositary receipts representing securities included in its underlying index and in underlying stocks in respect of depositary receipts included in its underlying index. The index is designed to deliver exposure to equity securities of emerging market issuers.

Grade (RS Rating)

Last Trade

$35.77

Average Daily Volume

66,896

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBAW	GEM
30 Days	6.28%	9.66%
60 Days	12.95%	14.83%
90 Days	4.31%	7.13%
12 Months	27.16%	27.44%

40 Overlapping Holdings

Symbol	Grade	Weight in DBAW	Weight in GEM	Overlap
ABEV	B	0.04%	0.07%	0.04%
ASAI	F	0.03%	0.04%	0.03%
ATHM	B	0.01%	0.08%	0.01%
BABA	A	0.69%	2.04%	0.69%
BAP	A	0.04%	0.07%	0.04%
BCH	D	0.02%	0.09%	0.02%
BEKE	A	0.04%	0.04%	0.04%
BGNE	A	0.04%	0.12%	0.04%
BIDU	C	0.11%	0.16%	0.11%
BRFS	D	0.01%	0.04%	0.01%
BVN	D	0.01%	0.03%	0.01%
BZ	C	0.02%	0.03%	0.02%
CHT	C	0.06%	0.06%	0.06%
CSAN	D	0.01%	0.05%	0.01%
ERJ	C	0.02%	0.04%	0.02%
GGB	B	0.02%	0.09%	0.02%
HDB	D	0.31%	0.47%	0.31%
IBN	C	0.28%	0.81%	0.28%
IQ	D	0.0%	0.03%	0.0%
KB	D	0.09%	0.25%	0.09%
KEP	F	0.02%	0.04%	0.02%
KT	C	0.0%	0.09%	0.0%
LI	C	0.06%	0.06%	0.06%
LPL	D	0.01%	0.04%	0.01%
NU	D	0.14%	0.12%	0.12%
PAGS	F	0.01%	0.03%	0.01%
PDD	B	0.33%	0.8%	0.33%
QFIN	A	0.01%	0.17%	0.01%
SCCO	B	0.04%	0.1%	0.04%
SHG	D	0.06%	0.21%	0.06%
SKM	C	0.01%	0.22%	0.01%
TAL	C	0.01%	0.06%	0.01%
TCOM	A	0.12%	0.16%	0.12%
TME	B	0.03%	0.11%	0.03%
UMC	D	0.07%	0.21%	0.07%
VALE	D	0.14%	0.47%	0.14%
VIPS	B	0.02%	0.2%	0.02%
WIT	C	0.03%	0.19%	0.03%
XP	F	0.02%	0.05%	0.02%
YUMC	B	0.06%	0.21%	0.06%

DBAW Overweight 46 Positions Relative to GEM

Symbol	Grade	Weight
NVS	D	0.79%
TM	D	0.68%
UL	D	0.56%
SONY	C	0.43%
MUFG	D	0.39%
TD	B	0.38%
SHOP	B	0.33%
ABBV	C	0.32%
SMFG	D	0.27%
DEO	C	0.27%
CNI	D	0.21%
HMC	D	0.18%
LYG	C	0.17%
MFG	B	0.16%
BCS	B	0.15%
STLA	F	0.12%
SE	B	0.12%
E	C	0.12%
GOLD	C	0.12%
TEVA	D	0.07%
CCEP	C	0.06%
CHKP	A	0.06%
NMR	F	0.06%
AER	C	0.06%
LOGI	D	0.05%
XRX	D	0.05%
RBA	D	0.05%
MNDY	B	0.04%
CYBR	C	0.04%
GRAB	C	0.03%
WIX	D	0.03%
HTHT	B	0.03%
NIO	C	0.03%
OTEX	D	0.03%
QGEN	F	0.03%
FUTU	A	0.02%
BILI	B	0.02%
LEGN	F	0.02%
MBAVU	C	0.02%
WFG	C	0.02%
XPEV	C	0.02%
AGCO	D	0.02%
DOOO	F	0.01%
STNE	F	0.01%
SBSW	C	0.01%
GLBE	C	0.01%

DBAW Underweight 0 Positions Relative to GEM

	Symbol	Grade	Weight