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Xtrackers Eurozone Government Bond UCITS ETF 2c Usd Hedged tracks the issuer-declared index: IBOXX® € SOVEREIGNS EUROZONE INDEX (EUR). 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 0.20%, 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 3 billion euro, was launched on 11 March 2020 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 IBOXX € SOVEREIGNS EUROZONE® Index (index), while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The index reflects the performance of tradable debt (bonds) denominated in Euro or pre-Euro currencies issued by Eurozone-governments. The composition of the index is rebalanced according to a pre-set methodology.
Keep reading the KID section ▾
For bonds to be included in the index they must, on the relevant rebalancing date, have a remaining time to maturity of at least one year. The bonds must have a fixed rate of interest and must be part of an issue of debt which has at least €1 billion in principal outstanding.
INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is calculated on a total return basis, which means that amounts equivalent to interest payments on the bonds are reinvested in the index. The index is administered by Markit Indices Limited and reviewed and rebalanced monthly.
INVESTMENT POLICY:To achieve the aim, the fund will i) 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 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 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 peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 11 Dec 2020 | 21 Oct 2022 | -19.94% | ongoing | 2,097 |
| 11 Mar 2020 | 18 Mar 2020 | -5.28% | 30 Jul 2020 | 141 |
| 05 Nov 2020 | 10 Nov 2020 | -1.05% | 26 Nov 2020 | 21 |
| 10 Aug 2020 | 01 Sept 2020 | -1.00% | 17 Sept 2020 | 38 |
| 16 Oct 2020 | 22 Oct 2020 | -0.74% | 04 Nov 2020 | 19 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.8 | 1.5 | -2.5 | 0.5 | 1.2 | 0.6 | -1.6 | -0.5 | -0.2 | -0.2 | |||
| 2025 | -0.0 | 0.8 | -1.7 | 2.2 | 0.3 | -0.0 | -0.0 | -0.3 | 0.6 | 1.1 | 0.1 | -0.4 | 2.6 |
| 2024 | -0.5 | -1.1 | 1.2 | -1.3 | -0.0 | 0.2 | 2.6 | 0.5 | 1.4 | -0.9 | 2.4 | -1.3 | 3.3 |
| 2023 | 2.6 | -2.1 | 2.6 | 0.1 | 0.6 | -0.1 | 0.0 | 0.4 | -2.4 | 0.5 | 3.2 | 3.8 | 9.3 |
| 2022 | -1.1 | -2.0 | -2.1 | -3.6 | -1.9 | -1.7 | 4.1 | -4.8 | -3.6 | 0.5 | 2.7 | -4.4 | -16.8 |
| 2021 | -0.6 | -1.8 | 0.2 | -1.1 | -0.0 | 0.5 | 1.9 | -0.5 | -1.2 | -0.6 | 1.8 | -1.5 | -2.9 |
| 2020 | 0.5 | 0.3 | 1.1 | 1.1 | -0.6 | 1.3 | 1.0 | 0.2 | 0.2 | 2.1 |
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 | Full history | |
|---|---|---|---|---|
| Volatility (ann.) | 5.59% | 7.59% | 9.78% | 9.45% |
| Max drawdown | -4.92% | -12.06% | -15.67% | -16.09% |
| Sharpe | -0.11 | -0.22 | -0.27 | -0.27 |
| Sortino | -0.15 | -0.30 | -0.39 | -0.39 |
Price sensitivity to rates: the longer, the more the fund moves. What is duration →
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.
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 2 classes | 0.07% | Dist. · Acc. | 3 mld EUR |
| Exchange | Ticker | Trading since |
|---|---|---|
| Börse Düsseldorf | XGLU | 19 Jun 2020 |
| Börse Frankfurt | XGLU | 22 May 2020 |
| Börse Hamburg | XGLU | 15 Feb 2021 |
| Börse Hannover | XGLU | 9 Dec 2024 |
| Börse München / gettex | XGLU | 29 Sept 2021 |
| Börse Stuttgart | XGLU | 11 Feb 2021 |
| Tradegate Exchange | XGLU | 17 Aug 2020 |
| Xetra (Deutsche Börse) | XGLU | 22 May 2020 |