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Xtrackers S P 500 Swap UCITS ETF 5c Eur Hedged tracks the issuer-declared index: S&P 500 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 0.20%, 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 8.3 billion euro, was launched on 22 September 2021 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 4 ETFs declaring the same index.
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, while seeking to minimise foreign currency fluctuations at share class level.
DESCRIPTION OF INDEX:The index contains shares of large companies traded on certain eligible US exchanges.
Keep reading the KID section ▾
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. Changes to the index are made as needed with no annual or semi-annual reconstitution.
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.
| From the peak of | Trough | Depth | Back to break-even | Days underwater |
|---|---|---|---|---|
| 04 Jan 2022 | 12 Oct 2022 | -26.38% | 02 Feb 2024 | 759 |
| 19 Feb 2025 | 08 Apr 2025 | -18.71% | 27 Jun 2025 | 128 |
| 12 Jan 2026 | 30 Mar 2026 | -9.47% | 15 Apr 2026 | 93 |
| 16 Jul 2024 | 05 Aug 2024 | -8.46% | 19 Sept 2024 | 65 |
| 28 Mar 2024 | 19 Apr 2024 | -5.56% | 15 May 2024 | 48 |
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sept | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 1.3 | -0.9 | -5.3 | 10.0 | 5.1 | -1.1 | -0.2 | 2.6 | 0.8 | 12.1 | |||
| 2025 | 2.6 | -1.4 | -5.6 | -0.9 | 6.2 | 4.8 | 2.0 | 1.8 | 3.4 | 2.1 | 0.1 | -0.2 | 15.1 |
| 2024 | 1.6 | 5.2 | 3.1 | -4.3 | 4.8 | 3.5 | 1.0 | 2.2 | 2.0 | -1.1 | 5.8 | -2.6 | 22.6 |
| 2023 | 6.0 | -2.8 | 3.4 | 1.4 | 0.3 | 6.3 | 3.0 | -1.8 | -5.0 | -2.2 | 8.9 | 4.4 | 22.8 |
| 2022 | -5.2 | -3.0 | 3.5 | -9.1 | -0.0 | -8.6 | 9.1 | -4.5 | -9.7 | 7.6 | 5.0 | -6.0 | -21.1 |
| 2021 | 7.2 | -0.7 | 4.3 | 8.5 |
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 | |
|---|---|---|---|
| Volatility (ann.) | 12.85% | 14.75% | 17.08% |
| Max drawdown | -9.47% | -18.71% | -26.38% |
| Sharpe | 1.19 | 1.00 | 0.54 |
| Sortino | 1.71 | 1.46 | 0.78 |
| Fund | TER | Income | Fund size |
|---|---|---|---|
Xtrackers · 3 classes | 0.03% | Acc. | 3.5 mld EUR |
Xtrackers · 2 classes | 0.04% | Dist. · Acc. | 5 mld EUR |
Xtrackers · 2 classes | 0.07% | Acc. · Dist. | 8.3 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:
LU2196472984Official 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 |
|---|---|---|
| Borsa Italiana (ETFplus) | XS5E | 27 Oct 2021 |
| Börse Düsseldorf | XS5E | 12 Oct 2021 |
| Börse Frankfurt | XS5E | 28 Sept 2021 |
| Börse Hamburg | XS5E | 13 Oct 2021 |
| Börse Hannover | XS5E | 9 Dec 2024 |
| Börse München / gettex | XS5E | 28 Sept 2021 |
| Börse Stuttgart | XS5E | 30 Sept 2021 |
| Tradegate Exchange | XS5E | 27 Oct 2021 |
| Xetra (Deutsche Börse) | XS5E | 28 Sept 2021 |