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Xtrackers Msci Europe UCITS ETF 2c Usd Hedged tracks the issuer-declared index: MSCI Total Return Net Europe Index (USD). Mind the share class: this is the version hedged to USD — returns reflect the index plus the effect (and cost) of hedging into that currency. The declared annual cost (TER) is 0.30%, plus 0.02% 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 accumulated and reinvested in the fund. The fund has assets of about 8.6 billion euro, was launched on 27 February 2015 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 ETFs declaring 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 Europe index (index), while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The index is designed to reflect the performance of the listed shares of certain companies from European developed markets. 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.
Keep reading the KID section ▾
A company’s weighting on the index depends on its relative size.
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. The index is reviewed and rebalanced at least quarterly.
INVESTMENT POLICY:To achieve the aim, the fund will i) attempt to replicate the index, before fees and expenses, by buying all or a substantial number of the securities in the index and ii) enter into financial contracts (derivatives) which attempt to reduce the effect of exchange rate fluctuations between the currency of the fund's assets and the currency of your shares. 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 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.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 19 Feb 2020 | 18 Mar 2020 | -33.43% | 10 Mar 2021 | 385 |
| 10 Apr 2015 | 11 Feb 2016 | -23.23% | 13 Feb 2017 | 675 |
| 05 Jan 2022 | 29 Sept 2022 | -17.73% | 02 Feb 2023 | 393 |
| 03 Mar 2025 | 09 Apr 2025 | -15.53% | 20 May 2025 | 78 |
| 22 May 2018 | 27 Dec 2018 | -14.03% | 02 Apr 2019 | 315 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 2.7 | 4.3 | -7.2 | 5.0 | 3.3 | 3.3 | 1.0 | 0.8 | -0.1 | 13.3 | |||
| 2025 | 6.9 | 3.2 | -3.6 | -0.1 | 4.6 | -0.6 | 1.0 | 1.4 | 1.9 | 2.7 | 1.1 | 2.8 | 23.3 |
| 2024 | 1.4 | 2.5 | 4.6 | -0.6 | 3.3 | -1.3 | 1.2 | 1.5 | -0.5 | -2.6 | 0.6 | -0.4 | 9.8 |
| 2023 | 7.2 | 1.6 | 0.4 | 2.6 | -2.7 | 2.6 | 1.7 | -2.1 | -1.1 | -3.3 | 6.1 | 3.4 | 17.0 |
| 2022 | -3.1 | -3.1 | 1.0 | -0.6 | -0.1 | -7.3 | 6.2 | -3.6 | -5.7 | 6.4 | 7.3 | -2.5 | -6.2 |
| 2021 | -0.9 | 2.4 | 6.0 | 2.5 | 2.9 | 1.2 | 1.5 | 2.2 | -2.9 | 3.8 | -2.2 | 5.3 | 23.7 |
| 2020 | -1.4 | -7.8 | -13.9 | 5.6 | 4.0 | 3.4 | -1.6 | 3.4 | -1.5 | -5.3 | 14.2 | 2.4 | -1.5 |
| 2019 | 6.1 | 3.8 | 2.2 | 4.4 | -4.1 | 4.9 | 0.9 | -1.5 | 3.3 | 0.7 | 2.5 | 1.9 | 27.4 |
| 2018 | 1.1 | -3.3 | -1.7 | 5.1 | -0.1 | -0.1 | 3.5 | -2.1 | 0.5 | -5.1 | -0.7 | -5.3 | -8.5 |
| 2017 | -0.2 | 2.8 | 3.7 | 1.6 | 2.9 | -2.1 | 0.7 | 0.2 | 2.8 | 2.2 | -1.6 | 1.2 | 15.1 |
| 2016 | -5.2 | -1.9 | 2.1 | 1.7 | 2.0 | -2.0 | 4.1 | 1.2 | 0.5 | 0.4 | -0.5 | 5.9 | 8.1 |
| 2015 | 1.2 | 0.4 | 0.8 | -5.1 | 4.3 | -7.4 | -3.9 | 7.3 | 1.9 | -3.4 | -4.6 |
We do not publish a tracking difference for this share class — and it is not an oversight.
this share class is hedged to USD; 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 USD-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.) | 11.19% | 12.81% | 14.01% | 15.71% | 16.92% |
| Max drawdown | -7.37% | -19.96% | -19.96% | -34.88% | -34.88% |
| Sharpe | 1.75 | 0.84 | 0.72 | 0.66 | 0.55 |
| Sortino | 2.64 | 1.17 | 1.01 | 0.91 | 0.75 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 2 classes | 0.12% | Dist. · Acc. | 8.6 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:
LU1184092051Official 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.
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | XEOU | 20 May 2025 |
| Börse Hamburg | XEOU | 15 Feb 2021 |
| Börse Hannover | XEOU | 9 Dec 2024 |
| Börse München / gettex | XEOU | 24 Sept 2021 |
| Tradegate Exchange | XEOU | 27 Nov 2024 |