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Xtrackers IE Physical Gold ETC SecuritiesIndex, costs, backtest, listings and taxation

ISIN: DE000A2T0VU5Issuer: Xtrackers
Issuer-declared data
Underlying
TER
0.11%
Transaction costs
0.00% (issuer estimate, from the KID)
Income policy
not applicable: the underlying generates no income
Fund assets
5.9 bn EUR
Domicile
Ireland
Inception date
22 April 2020
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 6 August 2026 (monthly refresh). Facts only, no recommendation.
Fund historyThe fund-assets (AUM) chart year by year, from declared data.Open the history →
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Description

Xtrackers IE Physical Gold ETC Securities tracks the issuer-declared underlying: Oro fisico. The declared annual cost (TER) is 0.11%, plus 0.00% in transaction costs estimated by the issuer in the KID. The fund has assets of about 5.9 billion euro, was launched on 22 April 2020 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The ETC securities provide you with exposure to gold without requiring you to acquire ownership in gold in the physical form. ETC securities can be purchased or sold on one or more stock exchanges.

Keep reading the KID section ▾

Each ETC security relates to a specific amount of gold, known as the metal entitlement per ETC security. The metal entitlement was initially 0.0155 fine troy ounces (one fine troy ounce being 31.1035 grams) of gold and is reduced on a daily basis to reflect the base fee. The relevant auction price for gold used in the ETC securities is as determined by the London Bullion Market Association (LBMA) at 15:00 local London time. The level of the fee and the current metal entitlement is specified on www.etf.dws.com. The issuer publishes a calculated daily value per security which equals the relevant gold price, multiplied with the relevant metal entitlement. This value does not equal the relevant secondary market price (for purchase or sale).

The issuer will seek to hold a sufficient amount of gold to cover its obligations under the ETC securities. On redemption, the metal agent (JPMorgan Chase Bank N.A.) will sell the gold and proceeds will be used to pay amounts due to security holders. Subject to any amounts paid to you due to early redemption, no amounts are payable under the ETC security prior to the maturity date.

On redemption, it is intended that the ETC security will become payable at an amount equal to the higher of (i) the weighted average prices at which the gold can be sold by the metal agent over a specified period prior to the redemption date multiplied by the metal entitlement on such redemption date and (ii) 10 percent of the issue price of the ETC security. However, since the ability to make such payment is dependent on whether there is sufficient proceeds from the sale of the gold available, security holders may receive no payment or less than 10 percent of the issue price in certain circumstances. ETC securities will not pay periodic interest. If the issuer decides to redeem ETC securities early it is possible that on redemption, an interest amount may be added or subtracted to the redemption amount from the realisation of the gold.

The value per ETC security and the secondary market price of the ETC securities can go down as well as up throughout the term of the ETC securities. The ETC securities are not principal protected and you may lose some or all of your investment. Investors should be aware that upon investing, they will not take physical delivery of any gold.

More detailed information on the issuer of the ETC securities, such as the prospectus (in English and German languages) as well as the annual and semi-annual report (in English language), can be obtained free of charge online at www.etf.dws.com. For more details about the ETC securities, please refer to the prospectus, which is available at www.etf.dws.com.

Intended Retail InvestorThe ETC securities are intended for retail investors who are seeking a product offering exposure to the performance of the underlying asset(s) and have a long-term investment horizon of at least 5 years. This product is intended for investors with basic knowledge and/or experience with similar financial products. The investor should be prepared to bear the loss of the capital invested (up to the total loss of capital invested) and places no value on capital protection.

From the KID’s “Objectives” section · 19 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.11%: below the median of commodity products we track (0.30%).
  • Assets larger than 94% of commodity products we track.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Apr 2020 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+159.0%
Annualised
+16.1%
Volatility (ann.)
17.6%
Max drawdown
-26.15%
-8%+50%+108%+165%+223%Apr 2020Nov 2021Jun 2023Feb 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+159%Apr 2020Sept 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-5%-10%-15%-20%-25%-30%2020202120222023202420252026−26.15% · 16 Jul 2026
Max drawdown
-26.15%
peak → trough
Trough
16 Jul 2026
from the 29 Jan 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
217 days
decline + recovery: peak to break-even · ≈ 7 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
29 Jan 202616 Jul 2026-26.15%ongoing217
06 Aug 202003 Nov 2022-21.46%28 Dec 20231,239
20 Oct 202528 Oct 2025-8.06%12 Dec 202553
30 Oct 202414 Nov 2024-7.58%30 Jan 202592
22 Apr 202516 May 2025-7.31%13 Jun 202552

Calendar-year returns

2020
10.2%
2021
-4.5%
2022
0.3%
2023
14.5%
2024
25.4%
2025
67.2%
2026
2.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
202614.04.8-11.80.1-1.4-11.40.013.3-2.12.2
20257.80.89.96.0-0.80.30.33.911.54.94.54.267.2
2024-1.2-0.38.14.21.8-0.74.13.64.64.0-3.0-1.625.4
20236.1-5.28.50.1-0.9-2.73.0-1.4-3.76.71.92.114.5
2022-0.66.41.7-1.6-3.8-1.2-3.5-2.1-2.6-2.07.03.40.3
2021-1.3-6.5-3.04.57.5-7.23.5-0.6-4.01.52.00.1-4.5
20201.52.311.1-0.4-3.6-0.3-6.47.110.2
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)25.47%19.50%17.84%17.37%
Max drawdown-23.36%-23.36%-23.36%-23.36%
Sharpe0.951.240.980.78
Sortino1.311.781.421.11
The max drawdown is identical across windows because the deepest fall is recent (peak 2 Mar 2026 → trough 16 Jul 2026): one episode dominates every look-back period. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Index tracked

Oro fisico
This fund belongs to the gold (ETCs and miners) family: compare all census ETFs in this family →

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)XGDU3 Aug 2020
Börse DüsseldorfXGDU19 Jun 2020
Börse FrankfurtXGDU29 May 2020
Börse HamburgXGDU18 Sept 2020
Börse HannoverXGDU9 Dec 2024
Börse München / gettexXGDU4 Jun 2020
Börse StuttgartXGDU10 Feb 2021
Tradegate ExchangeXGDU20 Aug 2020
Xetra (Deutsche Börse)XGDU29 May 2020
+ 6 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

What is the underlying of Xtrackers IE Physical Gold ETC Securities?
The issuer Xtrackers declares the underlying: Oro fisico.
How much does Xtrackers IE Physical Gold ETC Securities cost?
The issuer-declared TER is 0.11% per year; the transaction costs estimated in the KID are 0.00%.
What is the fund size of Xtrackers IE Physical Gold ETC Securities?
The fund size declared by Xtrackers is about 5.9 billion euro.
When was Xtrackers IE Physical Gold ETC Securities launched?
The fund was launched on 22 April 2020: it has 6 years of history.
Where does Xtrackers IE Physical Gold ETC Securities trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XGDU), Börse Düsseldorf (XGDU), Börse Frankfurt (XGDU), Börse Hamburg (XGDU), Börse Hannover (XGDU), Börse München / gettex (XGDU).
What was Xtrackers IE Physical Gold ETC Securities's worst fall?
Over the available history (since 2020), the maximum drawdown was -26.15%, reached in July 2026. Past performance is not indicative of future results.
Transparency note
The data in this sheet is declared by Xtrackers in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.