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Xtrackers S P Europe Ex Uk UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: IE00BGV5VM45Issuer: Xtrackers
Issuer-declared data
Declared index
S&P Europe Ex-U.K. LargeMidCap (EUR)
TER
0.09%
Transaction costs
0.03% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
303.9 mln EUR
Domicile
Ireland
Inception date
14 January 2019
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Xtrackers S P Europe Ex Uk UCITS ETF 1d tracks the issuer-declared index: S&P Europe Ex-U.K. LargeMidCap (EUR). The declared annual cost (TER) is 0.09%, plus 0.03% 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 distributed to investors. The fund has assets of about 304 million euro, was launched on 14 January 2019 and is domiciled in Ireland.

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

The fund is passively managed.

INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance, before fees and expenses, of the S&P Europe Ex-U.K. LargeMidCap (EUR) index (index) which is designed to reflect the performance of large and medium sized companies which are constituents of the S&P Europe BMI (Parent index), excluding the UK.

DESCRIPTION OF INDEX:The index is calculated in Euro.

Keep reading the KID section ▾

The index contains shares of large and medium sized European companies whose weighting in the index depends on meeting certain size criteria based on the combined value of a company’s readily available shares compared to other companies. Changes to the index are made annually in September with share changes and initial public offering (when private companies list on stock exchanges) updates in March, June, September and December.

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.

INVESTMENT POLICY:To achieve the aim, the fund will attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index. 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 EUR. The fund distributes up to four times per annum. You may request the redemption of shares generally on a daily basis.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below the median of equity ETFs we track (0.22%).
  • Average tracking difference over the last 3 years: +0.48% p.a., against a declared TER of 0.09%.
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) · EUR · from Jan 2019 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+139.0%
Annualised
+12.1%
Volatility (ann.)
16.4%
Max drawdown
-34.42%
-17%+25%+67%+109%+151%Jan 2019Dec 2020Nov 2022Oct 2024Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+139%Jan 2019Sept 2026
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%-10%-20%-30%-40%-50%2019202120232025−34.42% · 18 Mar 2020
Max drawdown
-34.42%
peak → trough
Trough
18 Mar 2020
from the 19 Feb 2020 peak
Recovery time
330 days
recovery only: trough to break-even · ≈ 11 months
Underwater
358 days
decline + recovery: peak to break-even · ≈ 12 months · → recovered on 11 Feb 2021

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202018 Mar 2020-34.42%11 Feb 2021358
05 Jan 202229 Sept 2022-22.79%06 Dec 2023700
03 Mar 202509 Apr 2025-16.18%20 May 202578
27 Feb 202620 Mar 2026-9.96%22 May 202684
06 Jun 202405 Aug 2024-7.80%27 Sept 2024113

Calendar-year returns

2019
23.9%
2020
2.4%
2021
25.3%
2022
-12.9%
2023
18.4%
2024
8.0%
2025
20.8%
2026
11.8%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20263.03.3-8.35.93.93.40.20.7-0.211.8
20257.13.8-4.2-0.34.9-1.1-0.01.31.92.41.12.820.8
20242.12.73.7-1.93.7-1.00.81.8-0.4-3.30.4-0.48.0
20237.41.41.02.1-2.02.81.8-2.6-2.3-3.37.53.918.4
2022-5.0-4.21.0-1.4-1.0-8.38.3-5.2-6.36.57.1-3.4-12.9
2021-1.12.36.62.23.31.52.32.3-3.95.1-2.35.125.3
2020-0.8-7.6-13.76.44.34.1-0.73.9-1.6-5.313.92.32.4
20194.12.04.2-4.65.10.2-0.83.31.12.71.723.9
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
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.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 6 of the last 6 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
+0.48% /anno
Declared TER
0.09%
YearFundIndexDifference
2025+20.77%+20.27%+0.50%
2024+8.02%+7.58%+0.43%
2023+18.42%+17.92%+0.50%
2022-12.94%-13.28%+0.34%
2021+25.28%+24.91%+0.37%
2020+2.36%+2.02%+0.33%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsFull history
Volatility (ann.)12.94%12.95%14.71%16.38%
Max drawdown-9.96%-16.18%-26.07%-34.42%
Sharpe1.140.740.310.52
Sortino1.751.040.440.70
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: 2.21%), 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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
321
Top-10 weight
24.5%

Top 10 holdings

ASML HOLDING
5.79%
ROCHE PS PAR AG
2.69%
NOVARTIS AG
2.65%
NESTLE SA
2.23%
SIEMENS N AG
2.08%
BANCO SANTANDER
1.97%
SAP
1.95%
ALLIANZ
1.79%
TOTALENERGIES
1.69%
SCHNEIDER ELECTRIC
1.63%

Sectors

Financials
25.6%
Industrials
19.3%
Health Care
12.9%
Information Technology
10.6%
Consumer Discretionary
6.8%
Consumer Staples
6.5%
Utilities
4.6%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustria: 1%AzerbaijanBurundiBelgium: 1.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.1%BruneiBhutanBotswanaCentral African RepublicCanadaSwitzerland: 17.7%ChileChina: 0.5%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermany: 17.1%DjiboutiDenmark: 3.4%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 7.7%EstoniaEthiopiaFinland: 2.5%FijiFalkland IslandsFrance: 17.8%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreeceGreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 1.3%IranIraqIcelandIsraelItaly: 6.9%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 1.1%LatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 10.1%Norway: 1.7%NepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugal: 0.4%ParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSweden: 6.8%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France17.8%
Switzerland17.7%
Germany17.1%
Netherlands10.1%
Spain7.7%
Italy6.9%
Sweden6.8%
⬇ Download the full portfolio — Excel, 321 rows
Full portfolio declared by Xtrackers, as of 2 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
1.3239 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
2.10 EUR
Dividend yield
2.34%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year2.10 EUR2.75 %
20251.98 EUR2.84 %
20241.96 EUR2.94 %
20231.72 EUR2.97 %
20222.75 EUR3.96 %
20210.98 EUR1.73 %

Dividend contribution to total return

-20%-10%0%10%20%30%+20.51 %1 year+20.57 %2025+8.04 %2024+18.23 %2023−12.84 %2022+25.05 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.240.391.32
20250.220.371.250.15
20240.290.371.150.15
20230.170.331.080.14
20221.290.311.040.11
20210.98
20201.43

Latest dividends

Per shareEx-dividend dateRecord datePayment
1.3239 EUR19 Aug 202620 Aug 20263 Sept 2026
0.3879 EUR20 May 202621 May 20263 Jun 2026
0.2378 EUR18 Feb 202619 Feb 20265 Mar 2026
0.1534 EUR19 Nov 202520 Nov 20254 Dec 2025
1.2498 EUR20 Aug 202521 Aug 20254 Sept 2025
0.3653 EUR21 May 202522 May 20255 Jun 2025
0.2162 EUR19 Feb 202520 Feb 20256 Mar 2025
0.1464 EUR13 Nov 202414 Nov 202429 Nov 2024
Per-share dividends as declared by the issuer, in EUR, since the first payment (13 May 2020). Past dividends are not indicative of future ones.

Where it shows up commission-free in Italy

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:

IE00BGV5VM45
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official 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.

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfXUEK24 May 2019
Börse FrankfurtXUEK5 Feb 2019
Börse HamburgXUEK12 Feb 2019
Börse HannoverXUEK9 Dec 2024
Börse München / gettexXUEK15 Feb 2019
Börse StuttgartXUEK16 Jan 2020
Tradegate ExchangeXUEK29 Jan 2020
Xetra (Deutsche Börse)XUEK5 Feb 2019
+ 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

Which index does Xtrackers S P Europe Ex Uk UCITS ETF 1d track?
The issuer Xtrackers declares the benchmark: S&P Europe Ex-U.K. LargeMidCap (EUR).
How much does Xtrackers S P Europe Ex Uk UCITS ETF 1d cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.03%.
What is the fund size of Xtrackers S P Europe Ex Uk UCITS ETF 1d?
The fund size declared by Xtrackers is about 304 million euro.
When was Xtrackers S P Europe Ex Uk UCITS ETF 1d launched?
The fund was launched on 14 January 2019: it has 7 years of history.
How does Xtrackers S P Europe Ex Uk UCITS ETF 1d replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does Xtrackers S P Europe Ex Uk UCITS ETF 1d pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does Xtrackers S P Europe Ex Uk UCITS ETF 1d trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XUEK), Börse Frankfurt (XUEK), Börse Hamburg (XUEK), Börse Hannover (XUEK), Börse München / gettex (XUEK), Börse Stuttgart (XUEK).
What was Xtrackers S P Europe Ex Uk UCITS ETF 1d's worst fall?
Over the available history (since 2019), the maximum drawdown was -34.42%, reached in March 2020. Past performance is not indicative of future results.
What is Xtrackers S P Europe Ex Uk UCITS ETF 1d's tracking difference?
Over the last 3 complete calendar years the fund returned on average +0.48% per year versus its index (from issuer-declared series).
How many securities does Xtrackers S P Europe Ex Uk UCITS ETF 1d hold?
The declared portfolio holds 321 securities; the top 10 positions weigh 24.5%.
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.