Xtrackers Russell US Multifactor ETF

DEUS

Market cap $176M

Launched on 11/24/2015, the Xtrackers Russell US Multifactor ETF (DEUS) is a smart beta exchange traded fund offering broad exposure to the Style Box - Large Cap Blend category of the market.

Launched on 11/24/2015, the Xtrackers Russell US Multifactor ETF (DEUS) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Blend segment of the US equity market.

The new year is poised for a resurgence in tech IPOs, as lower interest rates and an investor shift to small- and mid-cap companies combine to create a more welcoming market for debuts. The current environment presents the most favorable conditions for the recovery of IPOs in the past three years. The S&P 400 Midcap Index and the S&P 600 Index have outperformed the S&P 500 Index since the US election Nov. 5.

DEUS is a multifactor fund, aiming to outperform the Russell 1000 Index by emphasizing five factors: quality, value, momentum, low volatility, and size. Its 0.17% expense ratio is relatively low, but DEUS has failed to catch the attention of investors. Since its launch in November 2015, it's only garnered $162 million in AUM. A poor track record is a likely reason. DEUS has only outperformed its benchmark in one year from 2016-2023, and the absence of any growth screens is one key culprit.

US equities, as measured by the S&P 500 Index, have performed strongly so far in 2023.