← Search another ETF⎙ Printable sheet (PDF)
ETF sheet · Issuer-declared data
Actively managed: it does not track an index — the declared benchmark is a yardstick for comparison
🇮🇹 Effective capital-gains rate: 24.23%details →

Xtrackers Portfolio UCITS ETF 1cIndex, costs, backtest, listings and taxation

ISIN: LU0397221945Ticker: XQUI (Borsa Italiana) · XQUI (Xetra) · XQUI (SIX)Issuer: Xtrackers
Issuer-declared data
TER
0.70%
Transaction costs
0.16% (issuer estimate, from the KID)
Management
Active management (from the KID)
Replication
Gestione attiva (dal KID)
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
764.6 mln EUR
Domicile
Luxembourg
Inception date
27 November 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.
📬 Follow the engine as we build it

One email when new issuers, new metrics and new articles land. Double opt-in, zero spam, one-click unsubscribe.

Description

Xtrackers Portfolio UCITS ETF 1c is an actively managed ETF: it does not track an index. It is a multi-asset (balanced) ETF: a single instrument combining several asset classes — typically stocks and bonds — in the proportions set by its strategy, built as a basket of other ETFs. The declared annual cost (TER) is 0.70%, plus 0.16% in transaction costs estimated by the issuer in the KID. Income is accumulated and reinvested in the fund. The fund has assets of about 765 million euro, was launched on 27 November 2008 and is domiciled in Luxembourg. In our registry there are 16 other multi-asset ETFs.

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

The fund is actively managed. The fund is not managed in reference to a benchmark.

Keep reading the KID section ▾

INVESTMENT OBJECTIVE:The objective of the investment policy is to achieve a positive mid- to long-term investment performance through exposure to a balanced and diversified portfolio comprised primarily of exchange-traded funds (ETFs) linked to equities and/or fixed income issued by Xtrackers, Xtrackers II and Xtrackers (IE) plc; the fund may also invest from time to time directly in transferable securities, money market instruments, other collective investment schemes, or other eligible assets (Invested Assets). The sub-portfolio manager for the fund is DWS Investments UK Limited. DWS Investments UK Limited has appointed Index Capital GmbH (Allocation Agent) to provide advisory services with regard to the composition of the fund’s portfolio of ETFs (Proposed Allocation). ALLOCATIONS: The composition of the Proposed Allocation and Invested Assets will be selected with the primary aim of creating a total return strategy, which seeks to benefit from capital appreciation generated by the exposures of the Proposed Allocation and/or Invested Assets, while limiting volatility. The Proposed Allocation will be provided by the Allocation Agent at least on a scheduled quarterly basis. Such Proposed Allocation may be implemented, whether in whole or in part, at the absolute discretion of the sub-portfolio manager and accordingly the Invested Assets of the fund may differ from the Proposed Allocation. The ETFs will generally either reflect the performance of (i) shares of companies in developed and emerging markets and dividend yield strategies including real estate equity or (ii) fixed income investments, including: tradable debt (bonds) issued by governments and companies, short term tradable debt and investment with returns linked to inflation. The asset classes comprising the Proposed Allocation are subject to the following weighting restrictions as at each quarterly asset selection date: (i) the weighting of the ETFs that have equities as an asset class can be between 30% and 70%, and (ii) the weighting of the ETFs that have fixed income as an asset class can be between 30% and 70%.

INVESTMENT POLICY: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 and full disclosure on the composition of the fund's portfolio) is available on your local DWS website or at www.Xtrackers.com. The currency of the fund is EUR. 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 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 0.70%: above the median of multi-asset ETFs we track (0.27%).
  • Assets larger than 82% of multi-asset ETFs 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) · EUR · from Nov 2008 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+275.7%
Annualised
+7.7%
Volatility (ann.)
8.6%
Max drawdown
-24.22%
-10%+66%+141%+216%+291%Nov 2008May 2013Oct 2017Apr 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%)+276%Nov 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%-5%-10%-15%-20%-25%-30%2008201120142017202020232026−24.22% · 23 Mar 2020
Max drawdown
-24.22%
peak → trough
Trough
23 Mar 2020
from the 19 Feb 2020 peak
Recovery time
268 days
recovery only: trough to break-even · ≈ 9 months
Underwater
301 days
decline + recovery: peak to break-even · ≈ 10 months · → recovered on 16 Dec 2020

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202023 Mar 2020-24.22%16 Dec 2020301
15 Apr 201511 Feb 2016-16.65%13 Feb 2017670
16 Nov 202114 Oct 2022-16.35%18 Jun 2024945
12 Jan 201104 Oct 2011-12.17%02 Mar 2012415
18 Feb 202511 Apr 2025-9.96%12 Aug 2025175

Calendar-year returns

2016
6.7%
2017
7.1%
2018
-7.0%
2019
18.9%
2020
4.2%
2021
14.5%
2022
-14.1%
2023
11.3%
2024
11.4%
2025
7.6%
2026
10.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.62.0-3.95.24.51.2-1.50.90.110.2
20251.70.5-3.9-1.83.40.42.40.51.92.7-0.2-0.17.6
20240.71.62.4-1.71.61.31.7-0.11.1-0.43.5-0.611.4
20234.0-0.5-0.2-0.31.21.52.0-1.1-1.4-2.14.33.711.3
2022-2.4-2.40.3-2.6-1.3-5.26.7-2.9-5.93.13.3-4.9-14.1
20210.61.74.10.40.81.80.51.7-1.11.6-0.11.814.5
2020-0.3-5.0-11.36.82.42.1-0.33.4-1.0-1.18.02.04.2
20195.42.01.72.3-3.63.11.5-0.72.30.61.91.318.9
20180.5-1.7-1.32.10.7-0.81.5-0.6-0.1-3.3-0.0-4.1-7.0
20170.02.90.70.6-0.2-0.90.10.01.82.3-1.00.77.1
2016-8.25.32.50.71.0-0.73.00.9-0.0-0.30.82.26.7
20154.43.01.8-0.60.2-3.00.1-4.7-1.95.32.1-3.23.0
2014-0.42.11.20.62.81.10.82.7-0.51.31.00.614.1
20130.51.61.01.1-0.4-3.61.4-0.72.52.7-0.0-0.45.8
20123.82.5-0.0-0.1-2.01.43.70.11.60.60.90.914.0
2011-1.30.6-0.50.80.9-1.5-0.5-4.4-3.54.0-2.02.0-5.5
2010-0.91.14.50.9-1.90.01.90.71.41.2-0.53.011.8
20090.2-3.42.49.44.40.36.33.92.9-1.70.93.432.4
2008-1.7-0.8
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 yearsLast 10 yearsFull history
Volatility (ann.)6.73%6.66%7.56%8.52%8.67%
Max drawdown-4.90%-9.96%-16.35%-24.22%-24.22%
Sharpe1.791.120.380.610.80
Sortino2.671.580.520.821.11
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, the fund's currency; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
18
Top-10 weight
81.0%

Top 10 holdings

Xtrackers MSCI AC World Screened UCITS ETF 1C
17.22%
Xtrackers MSCI USA UCITS ETF 1C
12.13%
Xtrackers iBoxx EUR Corporate Bond Yield Plus UCITS ETF 1D
9.83%
Xtrackers MSCI World Value UCITS ETF 1C
9.23%
Xtrackers MSCI Emerging Markets UCITS ETF 1C
7.02%
Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D
5.93%
Xtrackers Russell 2000 UCITS ETF 1C
4.97%
Xtrackers II EUR Corporate Bond SRI PAB UCITS ETF 1C
4.92%
Xtrackers USD Corporate Bond UCITS ETF 1C
4.89%
Xtrackers II Eurozone Government Bond 7-10 UCITS ETF 1C
4.86%
Download the full portfolio — Excel, 18 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 →

Other multi-asset ETFs in our registry

All multi-asset in the search →
FundTERIncomeFund size
Xtrackersactive
0.24%Acc.5 mln EUR
Xtrackersactive
0.24%Acc.4 mln EUR
Xtrackersactive
0.24%Acc.3 mln EUR
Xtrackersactive
0.24%Acc.2 mln EUR
VNGD80 · Vanguard · 2 classesactive
0.25%Dist. · Acc.1.3 mld EUR
VNGD60 · Vanguard · 2 classesactive
0.25%Dist. · Acc.1 mld EUR
VNGA40 · Vanguard · 2 classesactive
0.25%Acc. · Dist.281 mln EUR
VNGA20 · Vanguard · 2 classesactive
0.25%Acc. · Dist.116 mln EUR
MODR · iShares · 3 classesactive
0.28%Acc.47 mln EUR
MAGR · iShares · 3 classesactive
0.29%Acc.108 mln EUR
MACV · iShares · 3 classesactive
0.29%Acc.16 mln EUR
JMAM · JPMorganactive
0.35%Acc.7 mln EUR
JMAG · JPMorganactive
0.35%Acc.6 mln EUR
JMAC · JPMorganactive
0.35%Acc.6 mln EUR
Xtrackersactive
0.65%Dist.59 mln EUR
LC39 · Amundinot on Borsa Italiana
0.18%Acc.6 mln EUR
17 multi-asset ETFs in our registry (including this fund): balanced products mixing several asset classes, each with its own strategy and weights — they do not share an index. Sorted by TER. A dash “—” = not declared by the issuer in the files we read — it is not a zero.

Italian taxation

Effective rate on capital gains
24.23%
White-list share
13.08%
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:

LU0397221945XQUI
  • Directazero within the savings plan (buys)
  • Finecozero on buys (single orders and savings plan) — promo list renewed monthly: check it is still listed
  • Moneyfarmzero within the savings plan (buys), agreement until 22 May 2027
  • Moneyfarmzero on single buys from 1,000 €, agreement until 22 May 2027
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
Borsa Italiana (ETFplus)XQUI9 Sept 2015
Börse Düsseldorf17 Feb 2012
Börse Frankfurt23 May 2011
Börse Hamburg28 May 2009
Börse Hannover9 Dec 2024
Börse München / gettex11 Apr 2013
Börse Stuttgart1 Dec 2008
Tradegate Exchange4 Jan 2010
Xetra (Deutsche Börse)XQUI1 Dec 2008
+ 15 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

How much does XQUI cost?
The issuer-declared TER is 0.70% per year; the transaction costs estimated in the KID are 0.16%.
How is XQUI taxed in Italy?
On sale, the capital gain is taxed at an effective 24.23% rate (white-list share 13.08%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XQUI?
The fund size declared by Xtrackers is about 765 million euro.
When was XQUI launched?
The fund was launched on 27 November 2008: it has 17 years of history.
Is XQUI actively or passively managed?
It is an ACTIVELY managed ETF: the manager picks the holdings, it does not replicate an index.
Does XQUI pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating”).
Where does XQUI trade?
Per the official ESMA register it trades on 9 main exchanges, including Borsa Italiana (ETFplus) (XQUI), Xetra (Deutsche Börse) (XQUI).
What was XQUI's worst fall?
Over the available history (since 2008), the maximum drawdown was -24.22%, reached in March 2020. Past performance is not indicative of future results.
How many securities does XQUI hold?
The declared portfolio holds 18 securities; the top 10 positions weigh 81%.
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.