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Xtrackers Eur Corporate Bond UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: LU0478205965Ticker: XEC1 (Xetra)Issuer: Xtrackers
Issuer-declared data
Declared index
Bloomberg Euro Corporate Bond Index (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
4.7 bn EUR
Domicile
Luxembourg
Inception date
14 October 2021
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 Corporate Bond UCITS ETF 1d tracks the issuer-declared index: Bloomberg Euro Corporate Bond Index (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 4.7 billion euro, was launched on 14 October 2021 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 Bloomberg Euro Corporate Bond Index (index).

DESCRIPTION OF INDEX:The index aims to reflect the performance of certain types of tradable debt (bonds) issued by companies which are denominated in Euro. The composition of bonds on the index is rebalanced monthly. On each rebalancing date, specific rules are applied to determine which bonds are eligible for inclusion, which include a bond minimum time to maturity and amount outstanding and minimum ‘investment grade’ bond ratings from major ratings agencies.

Keep reading the KID section ▾

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by Bloomberg Index Services Limited. The index is calculated on a total return basis which means that amounts equivalent to interest payments are reinvested in the index.

INVESTMENT POLICY:To achieve the aim, the fund will 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 determined by DWS entities. 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 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 bond ETFs we track (0.15%).
  • Assets larger than 98% of bond ETFs we track.
  • Average tracking difference over the last 3 years: -0.11% 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 Oct 2021 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
-0.2%
Annualised
-0.0%
Volatility (ann.)
7.7%
Max drawdown
-16.66%
-19%-13%-7%-1%+4%Oct 2021Jan 2023Apr 2024Jun 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%)0%Oct 2021Sept 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%20222023202420252026−16.66% · 21 Oct 2022
Max drawdown
-16.66%
peak → trough
Trough
21 Oct 2022
from the 09 Nov 2021 peak
Recovery time
1,195 days
recovery only: trough to break-even · ≈ 3 years and 3 months
Underwater
1,541 days
decline + recovery: peak to break-even · ≈ 4 years and 3 months · → recovered on 28 Jan 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
09 Nov 202121 Oct 2022-16.66%28 Jan 20261,541
26 Jun 202624 Aug 2026-10.62%ongoing74
27 Feb 202627 Mar 2026-2.61%26 Jun 2026119
14 Oct 202129 Oct 2021-0.51%04 Nov 202121
29 Jan 202603 Feb 2026-0.11%05 Feb 20267

Calendar-year returns

2021
-0.5%
2022
-13.8%
2023
8.0%
2024
4.6%
2025
3.0%
2026
-0.1%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.80.5-2.30.90.90.5-1.0-0.2-0.2-0.1
20250.40.6-1.11.00.50.30.5-0.00.40.7-0.3-0.23.0
20240.1-0.91.2-0.80.30.71.70.31.2-0.31.6-0.44.6
20232.2-1.51.00.70.2-0.51.00.1-0.90.42.32.78.0
2022-1.3-2.5-1.2-2.8-1.2-3.54.7-4.2-3.30.12.8-1.8-13.8
20210.2-0.1-0.5
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 4 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.11% /anno
Declared TER
0.09%
YearFundIndexDifference
2025+2.96%+3.03%-0.07%
2024+4.64%+4.74%-0.10%
2023+8.03%+8.19%-0.16%
2022-13.79%-13.65%-0.14%
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 years
Volatility (ann.)14.91%9.04%7.85%
Max drawdown-12.33%-12.33%-18.75%
Sharpe-0.24-0.14-0.55
Sortino-0.37-0.21-0.80
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. 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.

Duration and maturities

Duration · modified duration
4.37years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
0.81%
1–3 years
24.43%
3–5 years
25.22%
5–7 years
19.68%
7–10 years
16.55%
10–15 years
6.38%
15–25 years
2.94%
25+ years
3.99%

Source: product page Xtrackers, data as of 20 August 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Portfolio holdings

Securities in portfolio
4,209
Top-10 weight
0.8%

Top 10 holdings

ANHEUSER BUSCH INBEV SA
0.09%
GOLDMAN SACHS GROUP INC
0.09%
JPMORGAN CHASE & CO
0.09%
AMAZON.COM INC
0.08%
ANHEUSER BUSCH INBEV SA
0.08%
VERIZON COMMUNICATIONS INC
0.07%
AXA SA
0.07%
MORGAN STANLEY
0.07%
JPMORGAN CHASE & CO
0.07%
MORGAN STANLEY
0.07%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.8%Austria: 1.3%AzerbaijanBurundiBelgium: 1.9%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanada: 1.1%Switzerland: 2.5%ChileChina: 0.2%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 0.2%Germany: 12.7%DjiboutiDenmark: 2.3%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 5.7%EstoniaEthiopiaFinland: 1.2%FijiFalkland IslandsFrance: 18.4%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.5%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.1%IndonesiaIndiaIreland: 0.9%IranIraqIceland: 0.1%Israel: 0.1%Italy: 5.5%JamaicaJordanJapan: 2.2%KazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 1%LatviaMoroccoMoldovaMadagascarMexico: 0.1%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 5.3%Norway: 0.8%NepalNew Zealand: 0.2%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.3%Puerto RicoNorth KoreaPortugal: 0.5%ParaguayQatarRomania: 0.2%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 0.1%SloveniaSweden: 2.8%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 20.9%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.1%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States20.9%
France18.4%
Germany12.7%
United Kingdom9.1%
Spain5.7%
Italy5.5%
Netherlands5.3%
⬇ Download the full portfolio — Excel, 4,209 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
0.0582 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
0.22 EUR
Dividend yield
2.83%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.22 EUR2.75 %
20250.20 EUR2.51 %
20240.22 EUR2.73 %
20230.14 EUR1.88 %
20220.08 EUR0.93 %

Dividend contribution to total return

-20%-10%0%10%+0.20 %1 year+2.93 %2025+4.54 %2024+7.94 %2023−13.76 %2022
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.060.060.06
20250.050.050.050.05
20240.080.040.050.05
20230.030.030.040.04
20220.030.030.03

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.0582 EUR19 Aug 202620 Aug 20263 Sept 2026
0.0565 EUR20 May 202621 May 20263 Jun 2026
0.0556 EUR18 Feb 202619 Feb 20265 Mar 2026
0.0544 EUR19 Nov 202520 Nov 20254 Dec 2025
0.0516 EUR20 Aug 202521 Aug 20254 Sept 2025
0.0487 EUR21 May 202522 May 20255 Jun 2025
0.0485 EUR19 Feb 202520 Feb 20256 Mar 2025
0.0473 EUR13 Nov 202414 Nov 202429 Nov 2024
Per-share dividends as declared by the issuer, in EUR, since the first payment (8 Jun 2022). Past dividends are not indicative of future ones.

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers
0.09%Acc.4.7 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
26.00%
White-list share
0.00%
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:

LU0478205965XEC1
  • 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 DüsseldorfXEC13 Nov 2021
Börse FrankfurtXEC120 Oct 2021
Börse HamburgXEC113 Jan 2022
Börse HannoverXEC19 Dec 2024
Börse München / gettexXEC120 Oct 2021
Börse StuttgartXEC15 Nov 2021
Tradegate ExchangeXEC127 Oct 2021
Xetra (Deutsche Börse)XEC120 Oct 2021
+ 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 Corporate Bond UCITS ETF 1d track?
The issuer Xtrackers declares the benchmark: Bloomberg Euro Corporate Bond Index (EUR).
How much does XEC1 cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.03%.
How is XEC1 taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XEC1?
The fund size declared by Xtrackers is about 4.7 billion euro.
When was XEC1 launched?
The fund was launched on 14 October 2021: it has 4 years of history.
How does XEC1 replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does XEC1 pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XEC1 trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XEC1), Börse Frankfurt (XEC1), Börse Hamburg (XEC1), Börse Hannover (XEC1), Börse München / gettex (XEC1), Börse Stuttgart (XEC1).
What was XEC1's worst fall?
Over the available history (since 2021), the maximum drawdown was -18.75%, reached in August 2026. Past performance is not indicative of future results.
What is XEC1's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.11% per year versus its index (from issuer-declared series).
How many securities does XEC1 hold?
The declared portfolio holds 4,209 securities; the top 10 positions weigh 0.8%.
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.