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Xtrackers Eur Overnight Rate Swap UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: LU0335044896Ticker: XEOD (Xetra) · XED (Euronext Paris)Issuer: Xtrackers
Issuer-declared data
TER
0.10%
Transaction costs
0.00% (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
23.5 bn EUR
Domicile
Luxembourg
Inception date
11 March 2008
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 Eur Overnight Rate Swap UCITS ETF 1d tracks the issuer-declared index: Solactive €STR +8.5 Daily Total Return Index (EUR). The declared annual cost (TER) is 0.10%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is synthetic replication via a swap contract, as the KID declares; income is distributed to investors. The fund has assets of about 23.5 billion euro, was launched on 11 March 2008 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring the same index.

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 of the Solactive €STR +8.5 Daily Total Return Index (index).

DESCRIPTION OF INDEX:The index reflects the performance of a deposit earning interest at the Euro short term rate (€STR) plus 8.5 basis points, with the interest being re-invested in the deposit on a daily basis.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by Solactive AG and is calculated in EUR on any day that is (or, but for the occurrence of a market disruption event, would have been) a day (other than a Saturday or Sunday) that is not a holiday based on the Target 2 calendar.

Keep reading the KID section ▾

There is no rebalancing of the index.

INVESTMENT POLICY:To achieve the aim, the fund will invest in transferable securities and enter into financial contracts (derivatives) with one or more swap counterparties relating to the transferable securities and the index, in order to obtain the return on the index. 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 may distribute 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

  • Assets larger than 94% of money-market ETFs we track.
  • Average tracking difference over the last 3 years: -0.10% p.a., against a declared TER of 0.10%.
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 Mar 2008 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+12.6%
Annualised
+0.6%
Volatility (ann.)
0.1%
Max drawdown
-3.70%
-3%+2%+6%+11%+16%Mar 2008Oct 2012Jun 2017Feb 2022Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+13%Mar 2008Sept 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%-1%-2%-3%-4%2008201120142017202020232026−3.70% · 14 Sept 2022
Max drawdown
-3.70%
peak → trough
Trough
14 Sept 2022
from the 05 Jun 2014 peak
Recovery time
495 days
recovery only: trough to break-even · ≈ 1 year and 4 months
Underwater
3,518 days
decline + recovery: peak to break-even · ≈ 9 years and 8 months · → recovered on 22 Jan 2024

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
06 Jun 201414 Sept 2022-3.70%22 Jan 20243,517
11 Jul 201221 Nov 2013-0.02%27 Feb 2014596
30 Apr 202601 May 2026-0.00%04 May 20264
30 Apr 202501 May 2025-0.00%02 May 20252

Calendar-year returns

2016
-0.5%
2017
-0.5%
2018
-0.5%
2019
-0.5%
2020
-0.6%
2021
-0.6%
2022
-0.0%
2023
3.3%
2024
3.8%
2025
2.2%
2026
1.4%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.20.10.20.20.20.20.20.20.01.4
20250.30.20.20.20.20.20.20.20.20.20.10.22.2
20240.40.30.30.40.30.30.30.30.30.30.30.33.8
20230.20.20.20.20.30.30.30.30.30.30.30.33.3
2022-0.1-0.0-0.0-0.0-0.1-0.0-0.0-0.00.00.10.10.1-0.0
2021-0.0-0.0-0.1-0.0-0.0-0.1-0.0-0.1-0.0-0.0-0.1-0.1-0.6
2020-0.0-0.0-0.0-0.0-0.0-0.1-0.0-0.0-0.1-0.0-0.0-0.0-0.6
2019-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.5
2018-0.1-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.5
2017-0.0-0.0-0.0-0.0-0.0-0.1-0.0-0.0-0.0-0.0-0.0-0.0-0.5
2016-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.5
2015-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.2
20140.00.00.00.00.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0-0.0
2013-0.0-0.0-0.0-0.0-0.0-0.00.0-0.0-0.0-0.0-0.00.0-0.0
20120.00.00.00.00.00.00.00.00.0-0.0-0.0-0.00.1
20110.00.00.00.10.10.10.10.10.10.10.10.00.7
20100.00.00.00.00.00.00.00.00.00.00.00.00.3
20090.10.10.10.10.00.00.00.00.00.00.00.00.6
20080.30.30.30.30.30.40.30.20.23.1
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 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.10% /anno
Declared TER
0.10%
YearFundIndexDifference
2025+2.23%+2.33%-0.10%
2024+3.79%+3.89%-0.10%
2023+3.27%+3.36%-0.09%
2022-0.03%+0.07%-0.10%
2021-0.59%-0.49%-0.10%
2020-0.57%-0.47%-0.10%
2019-0.50%-0.40%-0.10%
2018-0.49%-0.37%-0.12%
2017-0.52%-0.36%-0.16%
2016-0.47%-0.32%-0.15%
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 yearsLast 10 yearsFull history
Volatility (ann.)0.92%1.43%1.29%0.92%1.09%
Max drawdown-0.47%-0.99%-1.32%-3.22%-8.02%
Sharpe-2.22-2.16-1.91-1.63-1.29
Sortino-2.21-2.14-1.90-1.63-1.29
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
907
Top-10 weight
13.6%

Top 10 holdings

ITALY (REPUBLIC OF)
2.09%
FRANCE (REPUBLIC OF)
1.71%
FRANCE (REPUBLIC OF)
1.66%
EUROPEAN UNION
1.51%
FRANCE (REPUBLIC OF)
1.42%
BUNDESREPUB. DEUTSCHLAND
1.31%
EUROPEAN UNION
1.07%
FRANCE (REPUBLIC OF)
1.02%
TURKIYE GOVERNMENT BOND
0.92%
EUROPEAN UNION
0.91%
⬇ Download the full portfolio — Excel, 907 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. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.6071 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
2.34 EUR
Dividend yield
1.85%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year2.34 EUR1.85 %
20252.96 EUR2.33 %
20244.69 EUR3.69 %
20233.62 EUR2.86 %
20220.00 EUR0.00 %
20210.00 EUR0.00 %

Dividend contribution to total return

-10%0%10%+2.01 %1 year+2.20 %2025+3.72 %2024+3.23 %2023−0.03 %2022−0.59 %2021
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.580.580.61
20250.940.810.630.58
20241.201.201.181.10
20230.801.701.12
20163.68
20150.01
20140.07
20130.12
20120.19
20110.46
20100.27
20091.20
20083.00

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.6071 EUR19 Aug 202620 Aug 20263 Sept 2026
0.5799 EUR20 May 202621 May 20263 Jun 2026
0.5777 EUR18 Feb 202619 Feb 20265 Mar 2026
0.5762 EUR19 Nov 202520 Nov 20254 Dec 2025
0.6272 EUR20 Aug 202521 Aug 20254 Sept 2025
0.8125 EUR21 May 202522 May 20255 Jun 2025
0.9441 EUR19 Feb 202520 Feb 20256 Mar 2025
1.1028 EUR13 Nov 202414 Nov 202429 Nov 2024
Per-share dividends as declared by the issuer, in EUR, since the first payment (29 Oct 2008). Past dividends are not indicative of future ones.

Index tracked

Solactive €STR +8.5 Daily Total Return Index (EUR)
This fund belongs to the money market ETFs family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers
0.10%Acc.23.5 mld EUR
2 ETFs in our census declare this index (including this fund). Funds declaring the exact same index, word for word, in official product lists. Differently-worded variants (or other index versions) are not shown: a short list beats a wrong match. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
15.46%
White-list share
78.08%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

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:

LU0335044896XEOD
  • 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 DüsseldorfXEOD17 Feb 2012
Börse FrankfurtXEOD23 May 2011
Börse HamburgXEOD1 Aug 2011
Börse HannoverXEOD28 Dec 2022
Börse München / gettexXEOD28 Apr 2008
Börse StuttgartXEOD4 Apr 2008
Tradegate ExchangeXEOD19 Aug 2010
Xetra (Deutsche Börse)XEOD4 Apr 2008
+ 17 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 Eur Overnight Rate Swap UCITS ETF 1d track?
The issuer Xtrackers declares the benchmark: Solactive €STR +8.5 Daily Total Return Index (EUR).
How much does XEOD cost?
The issuer-declared TER is 0.10% per year; the transaction costs estimated in the KID are 0.00%.
How is XEOD taxed in Italy?
On sale, the capital gain is taxed at an effective 15.46% rate (white-list share 78.08%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XEOD?
The fund size declared by Xtrackers is about 23.5 billion euro.
When was XEOD launched?
The fund was launched on 11 March 2008: it has 18 years of history.
How does XEOD replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (issuer wording: “Sintetica - swap (dal KID)”).
Does XEOD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XEOD trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XEOD), Börse Frankfurt (XEOD), Börse Hamburg (XEOD), Börse Hannover (XEOD), Börse München / gettex (XEOD), Börse Stuttgart (XEOD).
What was XEOD's worst fall?
Over the available history (since 2008), the maximum drawdown was -8.02%, reached in February 2023. Past performance is not indicative of future results.
What is XEOD's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.10% per year versus its index (from issuer-declared series).
How many securities does XEOD hold?
The declared portfolio holds 907 securities; the top 10 positions weigh 13.6%.
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.