DBEM vs QLVE
Xtrackers MSCI Emerging Markets Hedged Equity ETF vs Northern Trust Emerging Markets Quality Low Volatility ETF
Which is better, DBEM or QLVE?
DBEM has been ahead.
QLVE has a lower expense ratio. DBEM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. DBEM is less concentrated, with 38.4% of the fund in its ten largest positions against 38.5%.
MarketXLS is not an investment adviser. This comparison is generated automatically from market data and is for information only. A Best mark means the better reading on that one measure, not a recommendation to buy.
Side-by-Side Comparison
| Metric | DBEM | QLVE |
|---|---|---|
| Expense Ratio | 0.66% | 0.18%Best |
| AUM | $108M | $17M |
| Dividend Yield | 2.14% | 3.02% |
| Holdings | 2,304 | 169 |
| YTD Return | +16.22%Best | +12.55% |
| 1Y Return | +25.31%Best | +18.18% |
| 3Y Return (annualized) | +22.07%Best | +17.74% |
| 5Y Return (annualized) | +8.80%Best | +7.57% |
| Volatility (annualized) | 15.2% | 13.1%Best |
| Max Drawdown | -33.5% | -30.0%Best |
| $10,000 over 5 years | $15,246Best | $14,403 |
| Top 10 Weight | 38.4%Best | 38.5% |
| Fund Family | Xtrackers ETFs | Northern Trust Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Jun 9, 2011 | Jul 15, 2019 |
Volatility and max drawdown are measured over the window both funds cover: Jul 16, 2019 to Oct 14, 2026 (7.2 years).
DBEM vs QLVE growth
Month-end closes. Both lines start at 0% in the first month shown, so the gap between them is the difference in growth across that window. The full view covers the 7.2 years both funds cover.
DBEM vs QLVE Performance
Xtrackers MSCI Emerging Markets Hedged Equity ETF (DBEM) is an ETF from Xtrackers ETFs and Northern Trust Emerging Markets Quality Low Volatility ETF (QLVE) is an ETF from Northern Trust Asset Management. Over the past year DBEM returned +25.31% while QLVE returned +18.18%. Year to date, DBEM is up 16.22% versus a gain of 12.55% for QLVE.
Over three years, DBEM compounded at +22.07% per year against +17.74% for QLVE; over five years the annualized figures are +8.80% and +7.57% respectively. Across the full 7-year window we track, DBEM has the edge at +9.19% annualized vs +6.26%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DBEM has been the more volatile fund, with annualized monthly volatility of 15.2% compared with 13.1% for QLVE. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.
The deepest peak-to-trough decline in our data was -33.5% for DBEM and -30.0% for QLVE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.94. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DBEM charges 0.66% per year while QLVE charges 0.18%. On a $10,000 position that is $66 vs $18 annually, a gap of $48 per year that compounds over a long holding period. On income, DBEM currently yields 2.14% against 3.02% for QLVE.
Holdings Overlap
46.6% of DBEM's money is in holdings QLVE also owns. 84.2% of QLVE's money is in holdings DBEM also owns.
Most of QLVE is already inside DBEM. Owning both mostly buys the same companies twice.
105 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 135 in QLVE, against full books of 2,304 and 169.
What only one of them owns
Our book lists 1 positions for QLVE that do not appear in our book for DBEM (0.6% of the fund), and 10 for DBEM that do not appear in QLVE (1.1%).
Some of those will be the same company recorded under a different code in one of the two books, so the real difference in what you would own is no larger than this and may be smaller. We do not name the individual positions here for that reason.
Top Shared Holdings
| Stock | Weight in DBEM | Weight in QLVE | Difference |
|---|---|---|---|
| 2330:TWTsmc (Equity) | 15.83% | 14.72% | 1.11% |
| 005930:KRSamsung Electronics Co Ltd | 7.41% | 6.81% | 0.60% |
| 000660:KRSk Hynix Inc | 5.62% | 4.82% | 0.80% |
| 0700:KYTencent Holdings Ltd Ordinary Shares | 2.61% | 2.55% | 0.06% |
| 2454:TWMediatek Inc | 1.74% | 1.56% | 0.18% |
| 005935:KRSamsung Electronics Co. Ltd. (preference Shares) | 0.94% | 2.11% | 1.17% |
| 1398:HKIndustrial And Commercial Bank Of China Ltd Class H | 0.49% | 2.26% | 1.77% |
| HDBK:MBHdfc Bank Limited Common Stock Inr1.0 | 0.66% | 1.05% | 0.39% |
| 0939:HKChina Construction Bank Corp Ord Hkd1 Cl H | 0.82% | 0.80% | 0.02% |
| PETR4:BVPetroleo Brasileiro Sa (Preference) | 0.40% | 1.18% | 0.78% |
84.2% of QLVE is already inside DBEM.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
Free for up to 10 holdings. No account needed.
Frequently Asked Questions
Which is cheaper, DBEM or QLVE?
DBEM has an expense ratio of 0.66% while QLVE charges 0.18%. QLVE is the cheaper option, by $48 a year on a $10,000 investment.
Which performed better, DBEM or QLVE?
Over the past year DBEM returned +25.31% vs +18.18% for QLVE, so DBEM leads on 1-year performance. Over the longest common window we track (7 years), DBEM annualized +9.19% vs +6.26% for QLVE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DBEM or QLVE?
DBEM has been the more volatile fund at 15.2% annualized versus 13.1% for QLVE. Worst drawdown: DBEM -33.5% vs QLVE -30.0%.
Should I hold both DBEM and QLVE?
DBEM and QLVE have a monthly-return correlation of 0.94, so they move almost identically. What is left to separate them is the fee and the index each one tracks. This is information, not a recommendation.
What is the holdings overlap between DBEM and QLVE?
84.2% of QLVE's money is in holdings DBEM also owns. 84.2% of QLVE's is in holdings DBEM also owns. They hold 105 positions in common, counted across the 1,136 positions we hold weights for in DBEM and 135 in QLVE.
Which pays a higher dividend, DBEM or QLVE?
DBEM yields 2.14% while QLVE yields 3.02%, so QLVE currently pays the higher dividend yield.
Is QLVE better than DBEM?
QLVE has a lower expense ratio. DBEM led over 1Y, 3Y, 5Y and the full window. The two have moved almost in lockstep, correlation 0.94. DBEM is less concentrated, with 38.4% of the fund in its ten largest positions against 38.5%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.