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ETF sheet · Issuer-declared data

Xtrackers S P 500 Swap UCITS ETF 1dIndex, costs, backtest, listings and taxation

ISIN: LU2009147757Ticker: XSXDIssuer: Xtrackers

North America Equity tracking the S&P 500 INDEX (USD), synthetic (swap) replication, distributing. Share class in US dollars (USD).

0.07% + 0.00%
TER + KID transaction costs ✓ declared by the issuer
358
rows published by the issuer · holdings ↓ ✓ declared by the issuer
8.6 bn €
fund assets ✓ declared by the issuer
+0.41 pt /year
average tracking difference 2023–2025 · year by year ↓ ≈ computed by Rebalix
Every figure carries its provenance: ✓ declared by the issuer in its documents · ≈ computed by Rebalix on the declared data.

Fund

Name
Xtrackers S P 500 Swap UCITS ETF 1d
Declared index
Management
Passive (index-tracking) (from the KID)
Replication
Synthetic (swap) (from the KID)
SFDR
not declared in the sources we read ≈ Rebalix reading: Article 6 (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
8.6 bn EUR
Domicile
Luxembourg

Share class · this page

ISIN
LU2009147757
Ticker
XSXD
Share-class currency
US dollars (USD)
TER
0.07% (period and nature not declared by the source)
Transaction costs
0.00% (issuer estimate, from the KID)
Income policy
Share-class launch
8 June 2022
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 17 October 2026 (monthly refresh). Facts only, no recommendation.
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Quick reads

  • TER 0.07%below the median of equity ETFs we track (0.23%).≈ computed by Rebalix
  • Assetslarger than 95% of equity ETFs we track.≈ computed by Rebalix
  • Average tracking difference over the last 3 years+0.41% p.a., against a declared TER of 0.07%.≈ computed by Rebalix
  • 358 rowspublished by the issuer; completeness of the list not declared✓ declared by the issuer
  • Top 10 = 28.8%of the fund✓ declared by the issuer
✓ declared by the issuer · ≈ computed by Rebalix on the declared data in our census. They describe the past and are not indicative of future results.

Description and fund objective

Xtrackers S P 500 Swap UCITS ETF 1d tracks the issuer-declared index: S&P 500 INDEX (USD). The declared annual cost (TER) is 0.07%, plus 0.00% in transaction costs estimated by the issuer in the KID. Income is distributed to investors. The fund has assets of about 8.6 billion euro, was launched on 8 June 2022 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 4 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 S&P 500 Index (index) which is designed to reflect the performance of shares of 500 companies representing all major US industries.

Keep reading the KID section ▾

DESCRIPTION OF INDEX:The index contains shares of large companies traded on certain eligible US exchanges. A company’s weighting in the index depends on its relative size based on the combined value of a company’s readily available shares as compared to other companies on the stock markets.

INDEX REBALANCING, CALCULATION AND ADMINISTRATION:The index is administered by Standard & Poor's. 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.

INVESTMENT POLICY:To achieve the aim, the fund will invest in transferable securities and enter into financial contracts (derivatives) with one or more counterparties relating to the 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. 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. 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. 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 · KID acquired on 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

What has changed in the fund over time

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.

  1. Share-class launch
    8 June 2022
    declared by the issuer
  2. Basket snapshots
    3 monthly
    since August 2026
  3. Dated events
    none so far
    TER, index, name, tax: every change is an event
Open the history →

Italian taxation

Ordinary rate on income and gains
26%
Share of tax-favoured government bonds
not available in the issuer sources consulted by Rebalix
Effective rate for this fund
cannot be determined by Rebalix with the available data
For individuals resident in Italy, outside business activity. Any tax-favoured component may reduce the effective levy. The intermediary may hold tax information not published on the issuer’s website; the absence of the figure on Rebalix does not imply a zero favoured share.
Deep-dive into this fund’s taxation →
PerformanceIn this sectionChartBacktestTracking difference

Fund performance

issuer-declared net asset value (NAV) · USD (loading exchange rates) · from Jun 2022 to Oct 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+97.1%
Annualised
+16.9%
Volatility (ann.)
16.1%
Max drawdown
-18.76%
-15%+15%+46%+77%+107%Jun 2022Jul 2023Aug 2024Sept 2025Oct 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+97.1%
08 Jun 2022 → 16 Oct 20264 years and 4 months · +97.1%
08 Jun 202216 Oct 2026Jun 2022Oct 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
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%20222023202420252026−18.76% · 08 Apr 2025
Max drawdown
-18.76%
peak → trough
Trough
08 Apr 2025
from the 19 Feb 2025 peak
Recovery time
79 days
recovery only: trough to break-even · ≈ 3 months
Underwater
127 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 26 Jun 2025

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
19 Feb 202508 Apr 2025-18.76%26 Jun 2025127
16 Aug 202212 Oct 2022-16.69%02 Jun 2023290
08 Jun 202216 Jun 2022-10.85%29 Jul 202251
31 Jul 202327 Oct 2023-9.96%30 Nov 2023122
27 Jan 202630 Mar 2026-8.91%14 Apr 202677

Calendar-year returns

2022
-5.8%
since launch, 8 Jun
2023
26.2%
2024
24.9%
2025
17.7%
2026
12.8%
2022: the share class was launched on 8 June 2022; the return runs from launch to 30 December 2022 and is not a full year.

Month-by-month returns

2026Year 12.8%
Jan
1.4
Feb
-0.8
Mar
-5.0
Apr
10.5
May
5.2
Jun
-1.0
Jul
-0.1
Aug
2.7
Sept
-0.4
Oct
0.1
Nov
·
Dec
·
2025Year 17.7%
Jan
2.8
Feb
-1.3
Mar
-5.6
Apr
-0.7
May
6.3
Jun
5.1
Jul
2.2
Aug
2.0
Sept
3.6
Oct
2.3
Nov
0.2
Dec
0.0
2024Year 24.9%
Jan
1.7
Feb
5.3
Mar
3.2
Apr
-4.1
May
5.0
Jun
3.6
Jul
1.2
Aug
2.4
Sept
2.1
Oct
-0.9
Nov
5.9
Dec
-2.4
2023Year 26.2%
Jan
6.3
Feb
-2.4
Mar
3.7
Apr
1.6
May
0.4
Jun
6.6
Jul
3.2
Aug
-1.6
Sept
-4.8
Oct
-2.1
Nov
9.1
Dec
4.5
2022Year -5.8%(since launch)
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
9.2
Aug
-4.1
Sept
-9.2
Oct
8.1
Nov
5.6
Dec
-5.8
JanFebMarAprMayJunJulAugSeptOctNovDecYear
20261.4-0.8-5.010.55.2-1.0-0.12.7-0.40.112.8
20252.8-1.3-5.6-0.76.35.12.22.03.62.30.20.017.7
20241.75.33.2-4.15.03.61.22.42.1-0.95.9-2.424.9
20236.3-2.43.71.60.46.63.2-1.6-4.8-2.19.14.526.2
20229.2-4.1-9.28.15.6-5.8-5.8(since launch)
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.

Method and sources

Switch on: issuer-declared series with distributions reinvested — the total return, comparable with accumulating classes. Switch off: NAV without reinvestment, which drops at every distribution.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available August 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 3 of the last 3 calendar years: a past observation, not an indication of future outperformance.
Average annual TD, 2023–2025
+0.41 pt /year
Declared TER
0.07%
YearFundIndexDifference (pt)
2025+17.74%+17.43%+0.31 pt
2024+24.91%+24.50%+0.41 pt
2023+26.19%+25.67%+0.52 pt
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? →
RiskIn this sectionRisk

Risk indicators· EUR

Last year
Volatility (ann.)12.53%
Max drawdown-7.70%
Sharpe1.30
Sortino1.92
Last 3 years
Volatility (ann.)15.79%
Max drawdown-22.72%
Sharpe0.92
Sortino1.32
Full history
Volatility (ann.)17.20%
Max drawdown-22.72%
Sharpe0.69
Sortino1.00
Last yearLast 3 yearsFull history
Volatility (ann.)12.53%15.79%17.20%
Max drawdown-7.70%-22.72%-22.72%
Sharpe1.300.920.69
Sortino1.921.321.00
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: 2.25%), 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 — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.
PortfolioIn this sectionHoldingsDividends

Portfolio holdings

Rows in the published list
358
Top-10 weight
28.8%

Top 10 holdings

MICROSOFT CORP
4.91%
NVIDIA CORP
4.68%
TESLA INC
3.22%
APPLE INC
2.90%
WALMART INC
2.51%
AMAZON.COM INC
2.29%
ADVANCED MICRO DEVICES
2.24%
MICRON TECHNOLOGY INC
2.01%
PALO ALTO NETWORKS INC
2.01%
KLA CORP
1.99%
⬇ Download the published holdings — Excel, 358 rows
Holdings as published by Xtrackers, holdings as at 2 October 2026: 358 rows archived by Rebalix, summarised here. Rebalix has no statement from the issuer on the completeness of this list. Weights are reported without rescaling and may not sum to 100%. Synthetic replication: the list shows the substitute basket (securities held as swap collateral), which can differ substantially from the replicated index. The fund’s economic exposure is that of its declared index. How Rebalix verifies portfolio holdings →

Dividends

Latest dividend
0.0399 USD
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
0.14 USD
Dividend yield
0.81%
12-month sum over the NAV as of 16 Oct 2026

Yield by year

PeriodDividendsDividend yield
1 year0.14 USD0.93 %
20250.14 USD1.05 %
20240.15 USD1.41 %
20230.13 USD1.58 %

Dividend contribution to total return

0%10%20%30%+16.66 %1 year+17.63 %2025+24.79 %2024+25.99 %2023
dividendsprice changeprice decline

Calendar per share (USD)

2026Year 0.11 USD
Jan
·
Feb
0.04
Mar
·
Apr
·
May
0.03
Jun
·
Jul
·
Aug
0.04
Sep
·
Oct
·
Nov
·
Dec
·
2025Year 0.14 USD
Jan
·
Feb
0.04
Mar
·
Apr
·
May
0.04
Jun
·
Jul
·
Aug
0.04
Sep
·
Oct
·
Nov
0.02
Dec
·
2024Year 0.15 USD
Jan
·
Feb
0.04
Mar
·
Apr
·
May
0.04
Jun
·
Jul
·
Aug
0.04
Sep
·
Oct
·
Nov
0.04
Dec
·
2023Year 0.13 USD
Jan
·
Feb
0.03
Mar
·
Apr
·
May
0.03
Jun
·
Jul
·
Aug
0.03
Sep
·
Oct
·
Nov
0.03
Dec
·
2022Year 0.03 USD
Jan
·
Feb
·
Mar
·
Apr
·
May
·
Jun
·
Jul
·
Aug
·
Sep
·
Oct
·
Nov
0.03
Dec
·
YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.040.030.04
20250.040.040.040.02
20240.040.040.040.04
20230.030.030.030.03
20220.03

Latest dividends

0.0399 USD per share
Ex-dividend date19 Aug 2026
Record date20 Aug 2026
Payment3 Sept 2026
0.0341 USD per share
Ex-dividend date20 May 2026
Record date21 May 2026
Payment3 Jun 2026
0.038 USD per share
Ex-dividend date18 Feb 2026
Record date19 Feb 2026
Payment5 Mar 2026
0.0235 USD per share
Ex-dividend date19 Nov 2025
Record date20 Nov 2025
Payment4 Dec 2025
0.0402 USD per share
Ex-dividend date20 Aug 2025
Record date21 Aug 2025
Payment4 Sept 2025
0.0361 USD per share
Ex-dividend date21 May 2025
Record date22 May 2025
Payment5 Jun 2025
0.0355 USD per share
Ex-dividend date19 Feb 2025
Record date20 Feb 2025
Payment6 Mar 2025
0.0364 USD per share
Ex-dividend date13 Nov 2024
Record date14 Nov 2024
Payment29 Nov 2024
Per shareEx-dividend dateRecord datePayment
0.0399 USD19 Aug 202620 Aug 20263 Sept 2026
0.0341 USD20 May 202621 May 20263 Jun 2026
0.038 USD18 Feb 202619 Feb 20265 Mar 2026
0.0235 USD19 Nov 202520 Nov 20254 Dec 2025
0.0402 USD20 Aug 202521 Aug 20254 Sept 2025
0.0361 USD21 May 202522 May 20255 Jun 2025
0.0355 USD19 Feb 202520 Feb 20256 Mar 2025
0.0364 USD13 Nov 202414 Nov 202429 Nov 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (9 Nov 2022). Past dividends are not indicative of future ones.
StructureIn this sectionIndexSame indexExchanges

Index tracked

S&P 500 INDEX (USD)
This fund belongs to the S&P 500 family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers · 3 classes
0.03%Acc.3.7 mld EUR
Xtrackers · 2 classes
0.04%Dist. · Acc.5.2 mld EUR
Xtrackers · 2 classes
0.15%Acc.8.6 mld EUR
4 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 as follows: Milan-listed classes first, then the others; within each group by ascending TER, then by descending assets. A dash “—” = not declared by the issuer in the files we read — not a zero.

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:

LU2009147757
  • 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
  • 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 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.

Stock exchange listings

Exchanges with a ticker available· in alphabetical order
ExchangeTickerExchange sourceRegistered since
Borsa Italiana (ETFplus)XSXDfrom mappingESMA register (FIRDS)12 Jul 2022
Börse DüsseldorfXSXDfrom mappingESMA register (FIRDS)16 Jun 2022
Börse FrankfurtXSXDfrom mappingESMA register (FIRDS)14 Jun 2022
Börse HamburgXSXDfrom mappingESMA register (FIRDS)24 Jun 2022
Börse HannoverXSXDfrom mappingESMA register (FIRDS)9 Dec 2024
Börse München / gettexXSXDfrom mappingESMA register (FIRDS)13 Jun 2022
Börse StuttgartXSXDfrom mappingESMA register (FIRDS)28 Jul 2022
Tradegate ExchangeXSXDfrom mappingESMA register (FIRDS)13 Jan 2023
Xetra (Deutsche Börse)XSXDfrom mappingESMA register (FIRDS)14 Jun 2022
from mapping — ticker obtained by ISIN→exchange mapping under the open FIGI standard, not read from the exchange’s list.
Each row is one exchange: the operator with all its markets and segments (regulated market and Freiverkehr included). “Registered since”: admission date in the ESMA register (FIRDS), not necessarily the first trading day; a dash = date not recorded in the sources.
+ 7 other trading platforms (platforms for professional participants and segments without admission to listing, such as an exchange operator’s dark books or auctions): they are not exchanges and are not listed.
Exchanges are taken from the official ESMA register (FIRDS) and, where FIRDS does not cover the exchange (London, Zurich) or does not record the current listing, from the issuers’ product lists and documents: the “Exchange source” column says so row by row. Each exchange is a single row, with all its markets and segments. Tickers come from the issuers’ product lists and tax documents or, where indicated, from ISIN→exchange mapping under the open FIGI standard (OpenFIGI). Activity on a dark book, an auction or an ancillary platform does not prove a listing on the exchange that operates it. Rebalix mainly covers venues in the European Economic Area, Switzerland and the United Kingdom: when the issuer declares current listings in other jurisdictions too, they appear with their source, outside the ESMA register perimeter. Terminated or cancelled listings are not shown. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker.
DocumentsIn this sectionDocumentsFAQ

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.

Frequently asked questions

Which index does Xtrackers S P 500 Swap UCITS ETF 1d track?
The issuer Xtrackers declares the benchmark: S&P 500 INDEX (USD).
How much does XSXD cost?
The issuer-declared TER is 0.07% per year (period and nature not declared by the source); the transaction costs estimated in the KID are 0.00%.
What is the fund size of XSXD?
The fund size declared by Xtrackers is about 8.6 billion euro.
When was XSXD launched?
The fund was launched on 8 June 2022: it has 4 years of history.
How does XSXD replicate its index?
It is a passively managed ETF: it follows the declared index. Synthetic (swap) (declared in the KID objectives).
Does XSXD pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XSXD trade?
Per the official ESMA register (FIRDS) and the issuer’s documents it is listed on 9 exchanges with a ticker available, including Borsa Italiana (ETFplus) (XSXD), Börse Düsseldorf (XSXD), Börse Frankfurt (XSXD), Börse Hamburg (XSXD), Börse Hannover (XSXD), Börse München / gettex (XSXD).
What was XSXD's worst fall?
Over the available history (since 2022), the maximum drawdown was -18.78%, reached in April 2025. Past performance is not indicative of future results.
What is XSXD's tracking difference?
Over the three most recent complete calendar years (2023–2025) the fund returned on average +0.41 percentage points per year versus its index: the annual mean of the differences, from issuer-declared series.
How many positions does XSXD publish?
The list published by the issuer and archived by Rebalix has 358 rows; the top 10 weigh 28.8%. The issuer does not declare the list as complete: rows are reported as published, weights included, even where a position has zero weight.
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.
Do you represent the issuer? Report a correction or an update