Global Equity tracking the MSCI Total Return Net World Index (USD), synthetic (swap) replication, accumulating. Share class in euro (EUR), currency-hedged.
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Xtrackers Msci World Swap UCITS ETF 4c 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 0.39%, 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 accumulated and reinvested in the fund. The fund has assets of about 13.2 billion euro, was launched on 22 August 2013 and is domiciled in Luxembourg. In our registry 2 other ETFs declare the same index.
The fund is passively managed.
INVESTMENT OBJECTIVE:The aim is for your investment to reflect the performance of the MSCI Total Return Net World Index (index) while seeking to minimise foreign currency fluctuations at share class level.
Keep reading the KID section ▾
DESCRIPTION OF INDEX:The index is designed to reflect the performance of the listed shares of certain companies from various developed countries. 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.
A company’s weighting in the index depends on its relative size.
INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by MSCI Limited. 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 at least quarterly.
INVESTMENT POLICY:To achieve the aim, the fund will i) invest in transferable securities and enter into financial contracts (derivatives) with one or more swap counterparties relating to transferable securities and the net or gross total return version of the index (swap index), in order to obtain the return on the swap index, and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the index components and the currency of your shares. The gross total return version of the index calculates the performance of the stocks assuming that all dividends and distributions are reinvested on a gross basis. The swap index shall be selected in the absolute discretion of the Investment Manager. 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). 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.
Every month we snapshot the register and the holdings and keep the picture. The history shows how the fund changes, not only what it is today.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 19 Feb 2020 | 23 Mar 2020 | -33.32% | 02 Sept 2020 | 196 |
| 04 Jan 2022 | 12 Oct 2022 | -23.72% | 23 Jan 2024 | 749 |
| 21 May 2015 | 11 Feb 2016 | -17.56% | 07 Dec 2016 | 566 |
| 18 Feb 2025 | 08 Apr 2025 | -17.01% | 27 Jun 2025 | 129 |
| 21 Sept 2018 | 21 Dec 2018 | -16.10% | 02 Jul 2019 | 284 |
| 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 | -0.9 | 0.1 | 11.2 | ||
| 2025 | 3.4 | -1.0 | -5.0 | -0.6 | 5.9 | 3.5 | 1.8 | 1.9 | 3.1 | 2.4 | 0.1 | 0.4 | 16.6 |
| 2024 | 1.7 | 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 | 6.3 | -1.8 | 2.3 | 1.5 | -0.3 | 5.5 | 2.8 | -1.8 | -3.8 | -2.7 | 8.1 | 4.1 | 21.2 |
| 2022 | -5.0 | -2.7 | 3.0 | -7.2 | -0.4 | -8.1 | 8.0 | -3.7 | -8.6 | 6.7 | 5.2 | -5.3 | -18.1 |
| 2021 | -0.9 | 2.6 | 4.2 | 3.9 | 1.2 | 2.1 | 1.7 | 2.6 | -3.8 | 5.5 | -1.6 | 3.9 | 23.2 |
| 2020 | -0.4 | -8.3 | -12.9 | 10.4 | 4.6 | 2.3 | 3.1 | 6.3 | -3.2 | -3.1 | 11.7 | 3.4 | 11.6 |
| 2019 | 7.7 | 3.2 | 1.4 | 3.6 | -5.9 | 5.6 | 1.0 | -2.2 | 2.2 | 1.6 | 3.1 | 2.1 | 25.2 |
| 2018 | 3.1 | -3.7 | -2.5 | 1.9 | 1.2 | 0.2 | 3.0 | 1.2 | 0.6 | -7.1 | 1.0 | -8.6 | -10.3 |
| 2017 | 1.1 | 3.1 | 0.8 | 1.0 | 1.3 | -0.1 | 1.3 | 0.0 | 2.2 | 2.5 | 1.4 | 1.3 | 17.1 |
| 2016 | -5.5 | -1.6 | 5.0 | 0.8 | 1.7 | -1.5 | 4.0 | 0.3 | 0.1 | -0.8 | 2.6 | 2.6 | 7.7 |
| 2015 | -0.8 | 5.9 | -0.5 | 1.0 | 1.2 | -3.0 | 2.5 | -6.6 | -3.6 | 7.9 | 0.6 | -2.2 | 1.5 |
| 2014 | -3.4 | 4.1 | 0.2 | 0.7 | 2.3 | 1.3 | -0.8 | 2.6 | -1.1 | 1.1 | 2.8 | -0.8 | 9.2 |
| 2013 | 3.6 | 3.9 | 2.1 | 2.0 | 10.5(since launch) |
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 | Last 5 years | Last 10 years | Full history | |
|---|---|---|---|---|---|
| Volatility (ann.) | 10.94% | 12.14% | 14.04% | 14.91% | 14.20% |
| Max drawdown | -8.41% | -17.01% | -23.72% | -33.32% | -33.32% |
| Sharpe | 1.08 | 1.21 | 0.56 | 0.72 | 0.70 |
| Sortino | 1.60 | 1.72 | 0.80 | 1.00 | 0.97 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 3 classes | 0.12% | Acc. · Dist. | 27.5 mld EUR |
Xtrackers | 0.45% | Acc. | 13.2 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:
LU0659579733Official lists verified on 15 October 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 | Exchange source | Registered since |
|---|---|---|---|
| Borsa Italiana (ETFplus) | XWEHfrom mapping | ESMA register (FIRDS) | 19 Feb 2016 |
| Börse Düsseldorf | XWEHfrom mapping | ESMA register (FIRDS) | 11 Nov 2015 |
| Börse Frankfurt | XWEHfrom mapping | ESMA register (FIRDS) | 6 Sept 2013 |
| Börse Hamburg | XWEHfrom mapping | ESMA register (FIRDS) | 1 Aug 2016 |
| Börse Hannover | XWEHfrom mapping | ESMA register (FIRDS) | 9 Dec 2024 |
| Börse München / gettex | XWEHfrom mapping | ESMA register (FIRDS) | 13 Sept 2013 |
| Börse Stuttgart | XWEHfrom mapping | ESMA register (FIRDS) | 6 Sept 2013 |
| Tradegate Exchange | XWEHfrom mapping | ESMA register (FIRDS) | 29 Jun 2015 |
| Xetra (Deutsche Börse) | XWEHfrom mapping | ESMA register (FIRDS) | 6 Sept 2013 |