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DBEF vs VEU: Differences, Returns & Fees

DBEF and VEU hold 52% of their weight in the same names. Net assets: $9.2bn on Oct 9, 2026 for Xtrackers MSCI EAFE Hedged Equity ETF, and $68.1bn on Sep 30, 2026 for Vanguard FTSE All World Ex US ETF.

VEU costs 0.31 points a year less; their one-year returns differ by 0.3 points.

DBEFVEU
Expense ratio0.35%0.04%
Net assets, DBEF as of Oct 9, 2026 and VEU as of Sep 30, 2026$9.2bn$68.1bn
Total return, 1 year+18.5%+18.2%
What it tracksMSCI EAFE US Dollar Hedged IndexFTSE All-World ex US Index
Holdings in common52%
Top ten holdings, share of the fund13.3%14.5%
Below its high3.1%, high on Aug 13, 20263.9%, high on Sep 4, 2026

Holdings in common uses holdings dated May 29, 2026 and Aug 31, 2026.

+18.5%
DBEF total return, 1 year
+18.2%
VEU total return, 1 year
0.35%
DBEF expense ratio
0.04%
VEU expense ratio

What they hold in common

By the books each fund has filed, DBEF and VEU hold 52% of their money in the same securities at the same weight. Above 50%, holding both is close to holding one of them twice. Holdings dated May 29, 2026 and Aug 31, 2026.

half

52% in common

Positions both hold, largest shared weight first
Holding DBEF VEU
ASML HOLDING NV 2.82% 1.56%
HSBC HOLDINGS PLC 1.45% 0.84%
ROCHE HOLDING AG 1.33% 0.73%
NOVARTIS AG 1.24% 0.68%
SHELL PLC 1.06% 0.61%
NESTLE' SA/AG 1.18% 0.60%
MITSUBISHI UFJ FINANCIAL GROUP INC 0.91% 0.59%
SIEMENS AG 1.05% 0.58%
ASTRAZENECA PLC 1.26% 0.58%
BHP GROUP LTD 1.03% 0.57%
SAP SE 0.85% 0.54%
BANCO SANTANDER SA 0.81% 0.52%
Only in DBEF
SPOTIFY TECHNOLOGY SA 0.33%
NEBIUS GROUP NV 0.21%
TEVA PHARMACEUTICAL INDUSTRIES LTD 0.18%
SEA LTD 0.15%
STMICROELECTRONICS NV 0.13%
ISHARES TRUST 0.12%
AERCAP HOLDINGS NV 0.10%
STMICROELECTRONICS NV 0.06%
Only in VEU
Taiwan Semiconductor Manufacturing Co Ltd 4.36%
Samsung Electronics Co Ltd 2.08%
SK hynix Inc 1.60%
SLBBH1142 1.11%
Tencent Holdings Ltd 0.86%
Royal Bank of Canada 0.68%
Alibaba Group Holding Ltd 0.65%
MKTLIQ 0.55%

Check overlap with more funds →

On the same fields

DBEF
Xtrackers MSCI EAFE Hedged Equity ETF
VEU
Vanguard FTSE All World Ex US ETF
Where it sits Stock ETF Stock ETF
Issuer Xtrackers Vanguard
What it is Tracks an index Tracks the FTSE All-World ex-US
Total return, 1 year +18.5% +18.2%
S&P 500 over the same days +17.3% +17.3%
Gap to the S&P 500 +1.3 pts +0.9 pts
Expense ratio 0.35% 0.04%
Already in the S&P 500 0.0% 0.0%
Holdings 677 3862
Net assets, DBEF as of Oct 9, 2026 and VEU as of Sep 30, 2026 $9.2bn $68.1bn

DBEF and VEU on the fields both publish, as of Oct 9, 2026. Source: ETFIQ.

DBEF in plain words

DBEF tracks an index. Over the year to Oct 9, 2026 it returned +18.5% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.35% a year. By its holdings filed for May 29, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 677 positions, with the top ten at 13.3%. It sat 3.1% below its high of Aug 13, 2026 on Oct 9, 2026.

VEU in plain words

VEU tracks the FTSE All-World ex-US. Over the year to Oct 9, 2026 it returned +18.2% with distributions reinvested, against +17.3% for the S&P 500. The prospectus expense ratio is 0.04% a year. By its holdings published by its issuer as of Aug 31, 2026, 0% of the fund by weight is stocks the S&P 500 also holds, across 3,862 positions, with the top ten at 14.5%. It sat 3.9% below its high of Sep 4, 2026 on Oct 9, 2026.

Questions people ask

Which returned more over the last year, DBEF or VEU?
In the year to Oct 9, 2026, with distributions reinvested, DBEF returned +18.5% and VEU +18.2%.
Which is cheaper, DBEF or VEU?
VEU is cheaper, by 0.31 percentage points a year. That is about $31 on $10,000 held for a year. Fees come from each fund's prospectus.
How much do DBEF and VEU overlap with the S&P 500?
By their latest filed holdings, 0% of DBEF and 0% of VEU by weight is stocks the S&P 500 already holds.
Other comparisons
DBEF vs VEADBEF vs SCHFDBEF vs IXUSDBEF vs SPDWEFA vs VEUGSID vs VEUVEU vs VXUSIEFA vs VEU
DBEF on its own →VEU on its own →Hold both: look the portfolio through →Rankings →Standards and sources →
Where these figures came from
DBEF filings on SEC EDGAR ↗DBEF prospectus with the expense ratio (SEC) ↗Xtrackers website ↗VEU filings on SEC EDGAR ↗VEU prospectus with the expense ratio (SEC) ↗Vanguard page for VEU ↗

ETFIQ links to the documents behind every figure; a link is not an endorsement. A comparison is not a recommendation.

How this is computed

Overlap adds up the smaller of the two weights for each security both funds hold.

Cite this pageCitation, APA and Markdown

ETFIQ, DBEF against VEU, data as of Oct 9, 2026. https://etfiq.com/compare/any/dbef-vs-veu

Open data

Free to use with attribution for figures ETFIQ computes; issuer data stays under its owner's terms.