DBEM vs. VWO ETF Comparison

Comparison of db-X trackers MSCI Emerging Markets Hedged Equity Fund (DBEM) to Vanguard FTSE Emerging Markets ETF (VWO)

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

$24.68

Average Daily Volume

14,167

Number of Holdings ^*

* may have additional holdings in another (foreign) market

VWO

Vanguard FTSE Emerging Markets ETF

VWO Description

The investment seeks to track the performance of a benchmark index that measures the investment return of stocks issued by companies located in emerging market countries. The fund employs an indexing investment approach by investing substantially all (approximately 95%) of its assets in the common stocks included in the FTSE Emerging Index, while employing a form of sampling to reduce risk. The FTSE Emerging Index includes approximately 851 common stocks of companies located in emerging markets around the world. As of May 31, 2013, the largest markets covered in the index were China, Brazil, Taiwan, and India.

Grade (RS Rating)

Last Trade

$44.63

Average Daily Volume

8,345,683

Number of Holdings ^*

* may have additional holdings in another (foreign) market

Performance

Period	DBEM	VWO
30 Days	-1.67%	-0.22%
60 Days	-1.90%	0.61%
90 Days	-1.18%	1.02%
12 Months	11.82%	13.92%

39 Overlapping Holdings

Symbol	Grade	Weight in DBEM	Weight in VWO	Overlap
ABEV	C	0.13%	0.11%	0.11%
ASAI	F	0.1%	0.0%	0.0%
ASAI	F	0.1%	0.09%	0.09%
ATHM	C	0.03%	0.0%	0.0%
ATHM	C	0.03%	0.02%	0.02%
BABA	C	1.95%	1.98%	1.95%
BCH	B	0.08%	0.06%	0.06%
BEKE	F	0.12%	0.1%	0.1%
BGNE	C	0.13%	0.09%	0.09%
BIDU	F	0.29%	0.29%	0.29%
BILI	D	0.05%	0.05%	0.05%
BRFS	B	0.04%	0.03%	0.03%
BZ	F	0.04%	0.05%	0.04%
CHT	A	0.18%	0.04%	0.04%
CHT	A	0.18%	0.12%	0.12%
CSAN	F	0.04%	0.03%	0.03%
ERJ	B	0.08%	0.06%	0.06%
ERJ	B	0.08%	0.01%	0.01%
GGB	C	0.06%	0.0%	0.0%
GGB	C	0.06%	0.05%	0.05%
HDB	C	1.04%	1.29%	1.04%
IBN	B	0.96%	0.55%	0.55%
IQ	F	0.01%	0.02%	0.01%
LI	F	0.15%	0.12%	0.12%
NIO	C	0.07%	0.07%	0.07%
PDD	F	0.81%	1.08%	0.81%
QFIN	C	0.04%	0.03%	0.03%
SBSW	F	0.03%	0.04%	0.03%
TAL	F	0.05%	0.05%	0.05%
TCOM	C	0.33%	0.27%	0.27%
TME	F	0.11%	0.1%	0.1%
UMC	B	0.23%	0.06%	0.06%
UMC	B	0.23%	0.17%	0.17%
VALE	D	0.43%	0.5%	0.43%
VIPS	F	0.06%	0.06%	0.06%
WIT	C	0.11%	0.02%	0.02%
WIT	C	0.11%	0.08%	0.08%
XPEV	D	0.07%	0.06%	0.06%
YUMC	D	0.17%	0.12%	0.12%

DBEM Overweight 15 Positions Relative to VWO

Symbol	Grade	Weight
NU	B	0.53%
KB	D	0.31%
SHG	C	0.23%
BAP	B	0.14%
SCCO	D	0.1%
XP	D	0.08%
HTHT	D	0.07%
LEGN	F	0.05%
KEP	C	0.05%
STNE	F	0.04%
LPL	D	0.03%
SKM	A	0.03%
PAGS	F	0.02%
BVN	D	0.02%
KT	B	0.01%

DBEM Underweight 45 Positions Relative to VWO

Symbol	Grade	Weight
ITUB	B	-0.07%
YMM	D	-0.06%
RDY	D	-0.03%
CIB	D	-0.03%
SGRP	C	-0.02%
SBS	B	-0.02%
RLX	F	-0.02%
CAR	F	-0.02%
SQM	D	-0.01%
EH	F	-0.01%
WB	F	-0.01%
CIG	B	-0.01%
GOTU	F	-0.01%
IMOS	D	-0.01%
EC	D	-0.01%
FINV	C	-0.01%
BSAC	B	-0.01%
CSIQ	F	-0.01%
JKS	D	-0.01%
ATAT	B	-0.01%
YY	C	-0.01%
DQ	F	-0.01%
MOMO	D	-0.01%
GDS	C	-0.01%
BBD	C	-0.01%
ELP	C	-0.01%
AKO.A	D	-0.01%
BSBR	C	-0.01%
JEWL	D	-0.0%
BAOS	F	-0.0%
ENIC	D	-0.0%
GRIN	A	-0.0%
DAO	F	-0.0%
DADA	F	-0.0%
BAK	D	-0.0%
HUYA	D	-0.0%
CAN	D	-0.0%
EBR	C	-0.0%
VNET	C	-0.0%
DDL	C	-0.0%
UBSI	C	-0.0%
TUYA	F	-0.0%
SID	D	-0.0%
SOHU	D	-0.0%
AZUL	F	-0.0%