DMXU vs JIRE
Xtrackers Bloomberg Developed Markets ex US Equity ETF vs JPMorgan International Research Enhanced Equity ETF
Which is better, DMXU or JIRE?
Nearly the same fund. DMXU costs less.
DMXU has a lower expense ratio. JIRE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. DMXU is less concentrated, with 16.2% of the fund in its ten largest positions against 16.7%.
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 | DMXU | JIRE |
|---|---|---|
| Expense Ratio | 0.03%Best | 0.24% |
| AUM | $65M | $11.0B |
| Dividend Yield | 3.87% | 2.73% |
| Holdings | 360 | 216 |
| YTD Return | +5.39% | +7.25%Best |
| 1Y Return | +10.30% | +13.67%Best |
| 3Y Return (annualized) | +14.70% | +17.60%Best |
| 5Y Return (annualized) | +6.53% | - |
| Volatility (annualized) | 15.6% | 15.1%Best |
| Max Drawdown | -17.6% | -16.1%Best |
| $10,000 over 4.3 years | $16,881 | $18,645Best |
| Top 10 Weight | 16.2%Best | 16.7% |
| Fund Family | Xtrackers ETFs | J.P. Morgan Asset Management |
| Category | Equity | Equity |
| Style | Large Cap Blend | Large Cap Blend |
| Inception | Sep 5, 2018 | Jun 10, 2022 |
Volatility and max drawdown, and the $10,000 over 4.3 years row, are measured over the window both funds cover: Jun 13, 2022 to Oct 14, 2026 (4.3 years).
DMXU vs JIRE 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 4.3 years both funds cover.
DMXU vs JIRE Performance
Xtrackers Bloomberg Developed Markets ex US Equity ETF (DMXU) is an ETF from Xtrackers ETFs and JPMorgan International Research Enhanced Equity ETF (JIRE) is an ETF from J.P. Morgan Asset Management. Over the past year DMXU returned +10.30% while JIRE returned +13.67%. Year to date, DMXU is up 5.39% versus a gain of 7.25% for JIRE.
Over three years, DMXU compounded at +14.70% per year against +17.60% for JIRE. Across the full 4-year window we track, JIRE has the edge at +15.59% annualized vs +12.95%.
Past performance does not guarantee future results.
Risk: Volatility and Drawdowns
DMXU has been the more volatile fund, with annualized monthly volatility of 15.6% compared with 15.1% for JIRE. 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 -17.6% for DMXU and -16.1% for JIRE. Drawdown depth is what each fund did in the worst stretch of the window measured above.
The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.
Fees and Cost Over Time
DMXU charges 0.03% per year while JIRE charges 0.24%. On a $10,000 position that is $3 vs $24 annually, a gap of $21 per year that compounds over a long holding period. On income, DMXU currently yields 3.87% against 2.73% for JIRE.
Holdings Overlap
36.0% of DMXU's money is in holdings JIRE also owns. 62.0% of JIRE's money is in holdings DMXU also owns.
The two portfolios partly overlap.
126 positions in common, counted across the 624 positions we hold weights for in DMXU and 206 in JIRE, against full books of 360 and 216.
Top Shared Holdings
| Stock | Weight in DMXU | Weight in JIRE | Difference |
|---|---|---|---|
| ASML:ASAsml Holding Nv Unsponsored Adr Ordinary Shares | 2.71% | 3.82% | 1.11% |
| HSBA:LNHsbc Holdings Plc | 1.25% | 1.47% | 0.22% |
| AZN:LNAstraZeneca PLC | 0.90% | 1.65% | 0.75% |
| NOVN:SMNovartis AG | 1.01% | 1.15% | 0.14% |
| NESN:SMNestle Sa | 0.89% | 1.25% | 0.36% |
| BHP:AUBhp Group Ltd | 0.83% | 1.19% | 0.36% |
| 8316:TKSumitomo Mitsui Financial Group Inc | 0.59% | 1.24% | 0.65% |
| SAF:PASafran Sa | 0.49% | 1.28% | 0.79% |
| 8035:JPTokyo Electron Ltd. Com Stk | 0.65% | 1.12% | 0.47% |
| SAN:PASanofi SA | 0.33% | 1.42% | 1.09% |
62.0% of JIRE is already inside DMXU.
You probably hold more than these two. Add the rest and see how much of the whole book is the same companies twice.
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Frequently Asked Questions
Which is cheaper, DMXU or JIRE?
DMXU has an expense ratio of 0.03% while JIRE charges 0.24%. DMXU is the cheaper option, by $21 a year on a $10,000 investment.
Which performed better, DMXU or JIRE?
Over the past year DMXU returned +10.30% vs +13.67% for JIRE, so JIRE leads on 1-year performance. Over the longest common window we track (4 years), DMXU annualized +12.95% vs +15.59% for JIRE. Past performance does not guarantee future results. This is information, not a recommendation.
Which is riskier, DMXU or JIRE?
DMXU has been the more volatile fund at 15.6% annualized versus 15.1% for JIRE. Worst drawdown: DMXU -17.6% vs JIRE -16.1%.
Should I hold both DMXU and JIRE?
DMXU and JIRE have a monthly-return correlation of 0.99, 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 DMXU and JIRE?
62.0% of JIRE's money is in holdings DMXU also owns. 62.0% of JIRE's is in holdings DMXU also owns. They hold 126 positions in common, counted across the 624 positions we hold weights for in DMXU and 206 in JIRE.
Which pays a higher dividend, DMXU or JIRE?
DMXU yields 3.87% while JIRE yields 2.73%, so DMXU currently pays the higher dividend yield.
Is JIRE better than DMXU?
DMXU has a lower expense ratio. JIRE led over 1Y, 3Y and the full window. The two have moved almost in lockstep, correlation 0.99. DMXU is less concentrated, with 16.2% of the fund in its ten largest positions against 16.7%. Which one suits a particular account depends on what it is for. This is information, not a recommendation.