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Xtrackers Iboxx Eurozone Government Bond Yield Plus 1 3 UCITS ETF 2dIndex, costs, backtest, listings and taxation

ISIN: LU2552296563Ticker: XY2D (Xetra)Issuer: Xtrackers
Issuer-declared data
TER
0.15%
Transaction costs
0.01% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
234.9 mln EUR
Domicile
Luxembourg
Inception date
24 January 2023
Data as declared by Xtrackers in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Xtrackers Iboxx Eurozone Government Bond Yield Plus 1 3 UCITS ETF 2d tracks the issuer-declared index: iBoxx® € Sovereigns Eurozone Yield Plus 1-3 Index (EUR). The declared annual cost (TER) is 0.15%, plus 0.01% 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 distributed to investors. The fund has assets of about 235 million euro, was launched on 24 January 2023 and is domiciled in Luxembourg. In our registry it is the largest by assets among the 2 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 Markit iBoxx EUR Sovereigns Eurozone Yield Plus 1-3 Index® (index).

DESCRIPTION OF INDEX:The index reflects the performance of tradable debt (bonds) issued by the 5 highest-yielding Eurozone countries with a remaining time to maturity of at least 1 year and up to 3 years and denominated in Euro, with the exception of the two countries with the highest GDP (as determined in October each year), unless one such country is the highest yielding Eurozone country at each monthly rebalancing of the index.

Keep reading the KID section ▾

The highest yielding countries are determined by calculating the income return (yield) of a hypothetical bond with a maturity of exactly 5 years. To be included in the index, countries must, 5 days before the end of the relevant month, have at least two bonds in the 1 year - 10 year maturity band of the Markit iBoxx EUR universe. Issuers with a subinvestment grade rating are excluded from the index. The bonds issued by the top 5 countries which have a remaining time to maturity of 1-3 years are included in the index.

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 IHS Markit Benchmark Administration Limited and reviewed and rebalanced monthly.

INVESTMENT POLICY:To achieve the aim, the fund will 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. 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. 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 · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

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.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Jan 2023 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+9.3%
Annualised
+2.5%
Volatility (ann.)
1.5%
Max drawdown
-1.35%
-4%+0%+5%+9%+13%Jan 2023Dec 2023Nov 2024Oct 2025Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+9%Jan 2023Sept 2026
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%-1%-2%-3%-4%2023202420252026−1.35% · 27 Mar 2026
Max drawdown
-1.35%
peak → trough
Trough
27 Mar 2026
from the 27 Feb 2026 peak
Recovery time
not yet
recovery only: trough to break-even
Underwater
193 days
decline + recovery: peak to break-even · ≈ 6 months · (ongoing)

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202627 Mar 2026-1.35%ongoing193
02 Feb 202307 Mar 2023-1.22%17 Mar 202343
01 Jun 202306 Jul 2023-0.76%08 Aug 202368
20 Mar 202319 Apr 2023-0.70%01 Jun 202373
31 Aug 202328 Sept 2023-0.62%27 Oct 202357

Calendar-year returns

2023
3.1%
2024
3.5%
2025
2.4%
2026
0.2%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.30.3-1.20.30.50.2-0.30.0-0.00.2
20250.20.40.20.70.10.10.00.20.10.30.10.12.4
20240.1-0.50.4-0.10.30.31.00.50.8-0.20.80.03.5
2023-0.61.00.00.3-0.50.50.4-0.40.60.91.03.1
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.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: Xtrackers. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 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.
Declared TER
0.15%
YearFundIndexDifference
2025+2.37%+2.50%-0.13%
2024+3.49%+3.63%-0.14%
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? →

Risk indicators· EUR

Last yearLast 3 yearsFull history
Volatility (ann.)1.53%1.70%1.81%
Max drawdown-1.88%-1.88%-1.88%
Sharpe-2.28-1.48-1.52
Sortino-2.73-1.72-1.85
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 17 Feb 2026 → trough 2 Sept 2026): one episode dominates every look-back period. 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: 2.21%), 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, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · modified duration
1.82years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
3.68%
1–3 years
96.32%

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.

Portfolio holdings

Securities in portfolio
37
Top-10 weight
56.9%

Top 10 holdings

FRANCE (REPUBLIC OF)
7.18%
FRANCE (REPUBLIC OF)
6.91%
FRANCE (REPUBLIC OF)
6.69%
FRANCE (REPUBLIC OF)
6.53%
FRANCE (REPUBLIC OF)
6.05%
FRANCE (REPUBLIC OF)
5.48%
FRANCE (REPUBLIC OF)
5.26%
FRANCE (REPUBLIC OF)
5.22%
FRANCE (REPUBLIC OF)
4.40%
ITALY (REPUBLIC OF)
3.20%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustraliaAustriaAzerbaijanBurundiBelgiumBeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazilBruneiBhutanBotswanaCentral African RepublicCanadaSwitzerlandChileChinaIvory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech RepublicGermanyDjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpainEstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 53.7%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 1.6%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesiaIndiaIreland: 0.2%IranIraqIcelandIsraelItaly: 43.8%JamaicaJordanJapanKazakhstanKenyaKyrgyzstanCambodiaSouth KoreaKosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexicoMacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew ZealandOmanPakistanPanamaPeruPhilippinesPapua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakia: 0.6%SloveniaSwedenSwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of AmericaUzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
France53.7%
Italy43.8%
Greece1.6%
Slovakia0.6%
Ireland0.2%
Download the full portfolio — Excel, 37 rows
Full portfolio declared by Xtrackers, as of 2 September 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.0385 EUR
ex 19 Aug 2026 · paid 3 Sept 2026
Dividends, last 12 months
0.13 EUR
Dividend yield
1.88%
12-month sum over the NAV as of 8 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.13 EUR1.86 %
20250.13 EUR1.79 %
20240.19 EUR2.62 %

Dividend contribution to total return

-10%0%10%+0.54 %1 year+2.35 %2025+3.42 %2024
dividendsprice changeprice decline

Calendar per share (EUR)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.030.030.04
20250.030.030.030.03
20240.070.040.040.04
20230.060.04

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.0385 EUR19 Aug 202620 Aug 20263 Sept 2026
0.0332 EUR20 May 202621 May 20263 Jun 2026
0.0314 EUR18 Feb 202619 Feb 20265 Mar 2026
0.0306 EUR19 Nov 202520 Nov 20254 Dec 2025
0.032 EUR20 Aug 202521 Aug 20254 Sept 2025
0.0328 EUR21 May 202522 May 20255 Jun 2025
0.0324 EUR19 Feb 202520 Feb 20256 Mar 2025
0.0371 EUR13 Nov 202414 Nov 202429 Nov 2024
Per-share dividends as declared by the issuer, in EUR, since the first payment (23 Aug 2023). Past dividends are not indicative of future ones.

Index tracked

iBoxx® € Sovereigns Eurozone Yield Plus 1-3 Index (EUR)
This fund belongs to the government bonds family: compare all census ETFs in this family →

ETFs declaring the same index

FundTERIncomeFund size
Xtrackers
0.15%Acc.235 mln EUR
2 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 by TER. A dash “—” = not declared by the issuer in the files we read — not a zero.

Italian taxation

Effective rate on capital gains
12.75%
White-list share
98.17%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Stock exchange listings

ExchangeTickerTrading since
Börse DüsseldorfXY2D3 Feb 2023
Börse FrankfurtXY2D3 Feb 2023
Börse HamburgXY2D8 Jan 2024
Börse HannoverXY2D9 Dec 2024
Börse München / gettexXY2D3 Feb 2023
Börse StuttgartXY2D17 Feb 2023
Tradegate ExchangeXY2D13 Mar 2023
Xetra (Deutsche Börse)XY2D3 Feb 2023
+ 18 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Xtrackers Iboxx Eurozone Government Bond Yield Plus 1 3 UCITS ETF 2d track?
The issuer Xtrackers declares the benchmark: iBoxx® € Sovereigns Eurozone Yield Plus 1-3 Index (EUR).
How much does XY2D cost?
The issuer-declared TER is 0.15% per year; the transaction costs estimated in the KID are 0.01%.
How is XY2D taxed in Italy?
On sale, the capital gain is taxed at an effective 12.75% rate (white-list share 98.17%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of XY2D?
The fund size declared by Xtrackers is about 235 million euro.
When was XY2D launched?
The fund was launched on 24 January 2023: it has 3 years of history.
How does XY2D replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does XY2D pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does XY2D trade?
Per the official ESMA register it trades on 8 main exchanges, including Börse Düsseldorf (XY2D), Börse Frankfurt (XY2D), Börse Hamburg (XY2D), Börse Hannover (XY2D), Börse München / gettex (XY2D), Börse Stuttgart (XY2D).
What was XY2D's worst fall?
Over the available history (since 2023), the maximum drawdown was -1.88%, reached in September 2026. Past performance is not indicative of future results.
How many securities does XY2D hold?
The declared portfolio holds 37 securities; the top 10 positions weigh 56.9%.
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.