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Comparison report · official data side by side

LU2196472984 vs IE000Z9SJA06

LU2196472984 — Xtrackers S P 500 Swap UCITS ETF 5c Eur Hedged
LU2196472984 · Equity · United States · Large cap
IE000Z9SJA06 — Xtrackers S P 500 UCITS ETF 4c
IE000Z9SJA06 · Equity · United States · Large cap
Open the interactive comparison on rebalix.com →

Comparison window: 8 Jun 2022 → 3 Sept 2026 (max: from the most recent launch) · currency: 🇪🇺 EUR · inflation: 🇮🇹 Italy · distributions: reinvested where declared

Report produced on 5 September 2026 · data as of the dates shown per section
Sources: official issuer documents (KID, factsheet, declared NAV series and holdings), ESMA register, ECB rates, Eurostat
Public methodology: rebalix.com/en/methodology

Informational document generated by rebalix.com — facts side by side, no recommendations. It does not constitute investment advice or investment research under Directive 2014/65/EU (MiFID II). Past performance is not indicative of future results.

RebalixLU2196472984 vs IE000Z9SJA06 · report of 5 September 2026

The funds at a glance

From official issuer documents and the ESMA register
LU2196472984LU2196472984Xtrackers S P 500 Swap UCITS ETF 5c Eur HedgedEquity · United States · Large cap
Declared index
S&P 500 INDEX (USD)
TER
0.20%
Transaction (KID)
0.00%
Fund size
8.3 mld EUR
Launch
22 Sept 2021
Currency
EUR
Replication
Synthetic (swap)
Hedging
Yes — in EUR
Holdings
371
Effective 🇮🇹 rate
—
IE000Z9SJA06IE000Z9SJA06Xtrackers S P 500 UCITS ETF 4cEquity · United States · Large cap
Declared index
S&P 500 INDEX (USD)
TER
0.03%
Transaction (KID)
0.10%
Fund size
3.5 mld EUR
Launch
27 Feb 2015
Currency
USD
Replication
Physical
Hedging
No
Holdings
509
Effective 🇮🇹 rate
—

Tracking difference — year by year

Fund minus index, from issuer-declared series (complete calendar years). Each measures adherence to its OWN index.
LU2196472984n/d
hedged class: the published index is unhedged, the gap would measure the exchange rate
—
IE000Z9SJA063y avg: +0.20%/anno
2025
+0.17%
2024
+0.19%
2023
+0.24%
Rebalix · LU2196472984 vs IE000Z9SJA06section 1 of 4
RebalixLU2196472984 vs IE000Z9SJA06 · report of 5 September 2026
LU2196472984 — Xtrackers S P 500 Swap UCITS ETF 5c Eur Hedged · LU2196472984 · Equity · United States · Large cap
IE000Z9SJA06 — Xtrackers S P 500 UCITS ETF 4c · IE000Z9SJA06 · Equity · United States · Large cap

Performance over the period, in euro

From 8 Jun 2022 to 3 Sept 2026 · base 100 · ECB rates, dividends reinvested where declared
In euro (nominal)
10018582178183
In today’s purchasing power (net of Italy inflation)
10018582159164
LU2196472984IE000Z9SJA06
Same scale in both panels: the gap between endpoints is Italian inflation over the period (Eurostat). Volatility stays nominal, as everywhere on the site.

How far they fell — drawdown from peak (nominal)

In euro · distance from the previous peak, day by day, on NAV: for distributing classes it includes ex-dividend drops (slightly deeper than total return)
0%-5%-10%-15%-20%-25%-30%LU2196472984IE000Z9SJA062023202420252026trough LU2196472984: −18.7% · 08 Apr 2025trough IE000Z9SJA06: −22.6% · 08 Apr 2025
Filled area: LU2196472984; thin lines: the other funds.
The worst episode, fund by fund
FundMax drawdownTroughRecovery timeUnderwater
LU2196472984−18.7%08 Apr 202580 days128 days · back to break-even on 27 Jun 2025
IE000Z9SJA06−22.6%08 Apr 2025199 days247 days · back to break-even on 24 Oct 2025
"Recovery time" = the climb only: trough to break-even (0%). "Underwater" = decline + recovery: peak to break-even.

Drawdown net of Italy inflation

Same curve in purchasing-power terms: as on the site, drawdown follows the real view (volatility stays nominal, per methodology)
0%-5%-10%-15%-20%-25%-30%LU2196472984IE000Z9SJA062023202420252026trough LU2196472984: −21.8% · 12 Oct 2022trough IE000Z9SJA06: −24.1% · 08 Apr 2025
In real terms declines are deeper and recoveries slower. Monthly price index (Eurostat), held at the last published value.
Rebalix · LU2196472984 vs IE000Z9SJA06section 2 of 4
RebalixLU2196472984 vs IE000Z9SJA06 · report of 5 September 2026
LU2196472984 — Xtrackers S P 500 Swap UCITS ETF 5c Eur Hedged · LU2196472984 · Equity · United States · Large cap
IE000Z9SJA06 — Xtrackers S P 500 UCITS ETF 4c · IE000Z9SJA06 · Equity · United States · Large cap

Geographic composition

% of portfolio, from full declared holdings
◀ LU2196472984IE000Z9SJA06 ▶United States69.1%99.3%Japan13.3%0.0%Germany5.8%0.0%Switzerland4.3%0.0%Ireland0.4%0.6%

Sector composition

GICS sectors, same sources and dates
◀ LU2196472984IE000Z9SJA06 ▶Information Technology40.9%37.7%Financials12.8%12.3%Consumer Discretionary9.9%9.0%Health Care9.5%9.4%Industrials7.5%8.2%Communication Services6.5%9.5%Utilities3.2%2.0%Consumer Staples3.2%4.5%

Portfolio overlap

150 common holdings · ticker match on full official portfolios
25%50%75%100%Weight of common holdings in LU219647298462.2%Weight of common holdings in IE000Z9SJA0661.1%Truly shared part (duplicated investment)38.9%
How the shared part is computed: for each security held by both funds, only the SMALLER of the two weights counts — a stock at 5% in one fund and 1% in the other overlaps by 1%, not 5%. Summed over all 150 common holdings this gives 38.9%: buying both funds, roughly this share of your money buys the same stocks twice. Matching is by company (one issuer does not publish security identifiers): identical holdings written differently may be missed, so the real overlap can be higher than shown.
Rebalix · LU2196472984 vs IE000Z9SJA06section 3 of 4
RebalixLU2196472984 vs IE000Z9SJA06 · report of 5 September 2026

Full comparison table

"—" = not published by the source, never estimated
LU2196472984 — Xtrackers S P 500 Swap UCITS ETF 5c Eur Hedged · LU2196472984 · Equity · United States · Large cap
IE000Z9SJA06 — Xtrackers S P 500 UCITS ETF 4c · IE000Z9SJA06 · Equity · United States · Large cap
MetricLU2196472984IE000Z9SJA06Note
Identity
CategoryEquity · United States · Large capEquity · United States · Large capRebalix engine classification
ReplicationSynthetic (swap)Physicalas declared by the issuer
Currency hedgingYes — hedged to EURNosource: class name, factsheet
Income policyaccumulatingaccumulating—
Costs
TER0.20%0.03%from the KID
Transaction costs (KID)0.00%0.10%internal
All-in cost0.20%0.13%TER + transaction
Tracking difference (3a)—+0.20%vs its OWN index
Performance in euro (ECB rates)
1 year+19.1%+22.2%—
3 years+66.7%+65.4%—
5 years+66.5%——
10 years——— = series younger than the window
Risk · last 3 years
Volatility (ann.)+14.75%+14.76%—
Max drawdown−18.71%−18.77%—
Sharpe1.001.13risk-free = ECB MRO avg
Sortino1.461.66like Sharpe, downside only
Italian taxation
Effective capital-gains rate——white list, current half-year
Documents & exchanges
Listing venues910ESMA register
Borsa Italiana tickerXS5EXDPU—
Indicative cumulative cost: on 10,000 euro over 5 years (stated assumption: 5%/yr growth, cost = TER + transaction) ~127 euro LU2196472984 · ~83 euro IE000Z9SJA06. Broker costs not included.

Disclaimer

This document is for information only and does not constitute investment advice under Directive 2014/65/EU (MiFID II), investment research, a personal recommendation, or an offer or solicitation to buy or sell financial instruments.

Past performance is not indicative of, nor a guarantee of, future results. The value of an investment can go down as well as up and investors may not get back the capital invested. Euro returns are affected by currency fluctuations.

Before any investment decision, read the KID and the Prospectus, available from the issuers. Tax treatment depends on individual circumstances and may change.

Data come from official issuer documents and public registers, following the public methodology at rebalix.com/en/methodology. "—" fields were not published by the source and have not been estimated. Rebalix receives no compensation from the issuers mentioned.

Rebalix · LU2196472984 vs IE000Z9SJA06section 4 of 4