One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.
Xtrackers Msci World UCITS ETF 2c Eur Hedged tracks the issuer-declared index: MSCI Total Return Net World Index (USD). Mind the share class: this is the version hedged to EUR — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.14%, plus 0.01% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is accumulated and reinvested in the fund. The fund has assets of about 26.2 billion euro, was launched on 11 October 2023 and is domiciled in Ireland. In our registry it is the largest by assets among the 3 ETFs declaring the same index.
The fund is passively managed.
INVESTMENT OBJECTIVE:The aim is for your investment to track the performance, before fees and expenses, of the MSCI Total Return Net World Index (index) which is designed to reflect the performance of the shares of certain companies of various developed countries, while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The companies making up the index are large and medium sized companies based on the combined value of a company’s readily available shares as compared to other companies.
Keep reading the KID section ▾
A company’s weighting in the index depends on its relative size. As of 31 May 2019, the index consists of the following developed markets: Australia, Austria, Belgium, Canada, Denmark, Finland, France, Germany, Hong Kong, Ireland, Italy, Japan, Netherlands, New Zealand, Norway, Portugal, Singapore, Spain, Sweden, Switzerland, the United Kingdom, and the United States of America. The underlying constituents of the index are listed in multiple currencies.
INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a total return net basis which means that all dividends and distributions by the companies are reinvested in the shares after tax. The index is reviewed and rebalanced on a quarterly basis and may also be rebalanced at other times in order to reflect corporate activity such as mergers and acquisitions. The index is calculated in US Dollars on a daily basis.
INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying a portfolio of securities that may comprise the constituents of the index or other unrelated investments as determind by DWS entities and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund's assets and the currency of your shares. The fund may employ techniques and instruments in order to manage risk, reduce costs and improve results. These techniques and instruments may include the use of financial contracts (derivatives). The fund may also engage in secured lending of its investments to certain eligible third parties to generate additional income to offset the costs of the fund. FURTHER INFORMATION: Certain information (including the latest share prices of the fund, indicative net asset values, full disclosure on the composition of the fund's portfolio and information on the index constituents) are available on your local DWS website or at www.Xtrackers.com. Transaction costs and taxes, unexpected fund costs and market conditions such as volatility or liquidity issues may affect the ability of the fund to track the index. The anticipated level of tracking error in normal market conditions is 1 per cent. The currency of the fund is USD. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 18 Feb 2025 | 08 Apr 2025 | -17.04% | 27 Jun 2025 | 129 |
| 16 Jul 2024 | 05 Aug 2024 | -8.82% | 19 Sept 2024 | 65 |
| 25 Feb 2026 | 30 Mar 2026 | -8.42% | 15 Apr 2026 | 49 |
| 11 Oct 2023 | 27 Oct 2023 | -5.51% | 10 Nov 2023 | 30 |
| 28 Mar 2024 | 19 Apr 2024 | -4.89% | 14 May 2024 | 47 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.6 | 0.9 | -5.9 | 8.6 | 4.7 | -0.2 | 0.1 | 2.3 | -0.5 | 11.6 | |||
| 2025 | 3.3 | -1.0 | -5.0 | -0.7 | 5.9 | 3.6 | 1.9 | 1.9 | 3.1 | 2.4 | 0.1 | 0.4 | 16.5 |
| 2024 | 1.8 | 4.5 | 3.3 | -3.3 | 4.0 | 2.3 | 1.1 | 1.7 | 1.4 | -1.0 | 4.9 | -2.0 | 19.8 |
| 2023 | 8.2 | 4.1 | 7.9 |
We do not publish a tracking difference for this share class — and it is not an oversight.
this share class is hedged to EUR; the index the issuer places next to it in its documents is the unhedged, foreign-currency version. Subtracting one from the other does not measure replication quality: it measures the exchange rate. In a year when the currency moves 5%, “the TD” would come out near 5 points — a plausible-looking number, with decimals, and wrong.
Other sites publish that number. We would rather show one figure less than one figure wrong: the TD will return here the day we have the EUR-hedged index series, which the issuer does not publish today.
| Last year | Last 3 years | |
|---|---|---|
| Volatility (ann.) | 10.95% | 12.22% |
| Max drawdown | -8.42% | -17.04% |
| Sharpe | 1.43 | 1.25 |
| Sortino | 2.10 | 1.78 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 2 classes | 0.12% | Dist. · Acc. | 26.2 mld EUR |
Xtrackers · 2 classes | 0.39% | Acc. | 12.8 mld EUR |
According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:
IE000ONQ3X90Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | XWEU | 7 Feb 2024 |
| Börse Frankfurt | XWEU | 6 Nov 2023 |
| Börse Hamburg | XWEU | 2 Sept 2025 |
| Börse Hannover | XWEU | 9 Dec 2024 |
| Börse München / gettex | XWEU | 6 Nov 2023 |
| Börse Stuttgart | XWEU | 13 Nov 2023 |
| Tradegate Exchange | XWEU | 30 Nov 2023 |
| Xetra (Deutsche Börse) | XWEU | 6 Nov 2023 |