DBEF vs EZU: Holdings Overlap
DBEFXtrackers MSCI EAFE Hedged Equity ETF
Xtrackers (DWS) · 676 holdings · $9.3B · as of 2026-05-29
iShares · 226 holdings · $9.8B · as of 2026-05-31
How similar are DBEF and EZU?
Xtrackers MSCI EAFE Hedged Equity ETF (DBEF, by Xtrackers (DWS)) holds 676 positions; iShares MSCI Eurozone ETF (EZU, by iShares) holds 226. They have 220 holdings in common, and by portfolio weight the two funds are 33.9% identical. In practical terms the pair is moderately overlapping; they share a meaningful core, but each fund adds distinct exposure.
- Overlap by Weight
- 33.9%Sum of the smaller weight of each shared holding
- Shared Holdings
- 220DBEF holds 676 · EZU holds 226
- Weight in Shared Holdings
- DBEF 34%·EZU 99%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in DBEF
456 of 676 positions (63.2% of the fund) are not held by EZU. Showing the top 30 by weight.
Sector Breakdown
| Sector | DBEF | EZU |
|---|---|---|
| Financials | 23.0% | 23.5% |
| Industrials | 17.6% | 19.2% |
| Information Technology | 10.2% | 15.4% |
| Health Care | 9.3% | 5.2% |
| Consumer Discretionary | 6.5% | 6.9% |
| Other Sectors | 24.9% | 24.2% |
| Unclassified | 5.6% | 5.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (6% of DBEF, 5% of EZU).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| DBEF | +2.8% | +16.9% | +29.3% | +19.7% | +14.0% | +12.5% | 2.22% |
| EZU | +4.0% | +13.7% | +23.6% | +19.3% | +10.3% | +10.8% | 2.57% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in DBEF vs EZU →
Shared Holdings(220)
The top 10 shared positions account for 29% of the overlap, led by ASML, SIE and SAP.
 ASMLASML Holding NV | 2.82% | 8.09% | 2.82% |
|---|---|---|---|
 SIESiemens AG (Registered) | 1.05% | 3.07% | 1.05% |
 SAPSAP SE ORD NPV | 0.85% | 2.43% | 0.85% |
 SANBanco Santander SA | 0.81% | 2.37% | 0.81% |
 SUSchneider Electric SE EUR4.00 | 0.78% | 2.22% | 0.78% |
 TTETotalEnergies SE EUR2.5 | 0.78% | 2.24% | 0.78% |
 ALVAllianz SE (Registered) | 0.76% | 2.17% | 0.76% |
 ENRSiemens Energy AG | 0.66% | 1.89% | 0.66% |
 IBEIberdrola, S.A. EUR0.75 | 0.62% | 1.88% | 0.62% |
 MCLVMH Moet Hennessy Louis Vuitton SE | 0.62% | 1.75% | 0.62% |
 BBVABanco Bilbao Vizcaya Argentaria SA | 0.59% | 1.72% | 0.59% |
 AIRAirbus SE | 0.56% | 1.60% | 0.56% |
 IFXInfineon Technologies AG ORD NPV (REGD) | 0.56% | 1.60% | 0.56% |
 SAFSafran SA | 0.55% | 1.63% | 0.55% |
 AIAir Liquide SA | 0.54% | 1.54% | 0.54% |
 UCGUniCredit SpA | 0.53% | 1.56% | 0.53% |
 DTEDeutsche Telekom AG (Registered) | 0.52% | 1.59% | 0.52% |
 BNPBNP Paribas SA | 0.48% | 1.40% | 0.48% |
 ORL'Oreal SA | 0.48% | 1.37% | 0.48% |
| SANSanofi SA | 0.43% | 1.24% | 0.43% |
 ISPIntesa Sanpaolo SpA | 0.43% | 1.21% | 0.43% |
 INGAING Groep NV | 0.41% | 1.17% | 0.41% |
 ENELEnel S.p.A. EUR1 | 0.39% | 1.18% | 0.39% |
 NOKIANokia Oyj | 0.33% | 1.00% | 0.33% |
 CSAxa SA EUR2.29 | 0.33% | 0.99% | 0.33% |
Frequently Asked Questions
How much do DBEF and EZU overlap?
DBEF and EZU overlap by 33.9% of portfolio weight. They share 220 holdings (DBEF holds 676 positions and EZU holds 226), based on each fund's latest SEC-reported holdings.
Is it redundant to own both DBEF and EZU?
The two portfolios are 33.9% identical by weight. Owning both is defensible: they share a meaningful core, but each fund adds exposure the other lacks.
What are the biggest shared holdings of DBEF and EZU?
The largest positions held by both funds are ASML, SIE, SAP, SAN and SU. Together the top 10 shared positions account for 29% of the total overlap.
What does DBEF own that EZU doesn't?
456 positions (63.2% of DBEF) are unique to DBEF, led by HSBA, ROP and AZN. In the other direction, 6 positions (0.7% of EZU) are unique to EZU.