ETF · Xtrackers
0DML Xtrackers II Eurozone Government Bond 1-3 UCITS ETF
ISIN LU0290356871London Stock Exchange: 0DMLDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE€174.25
on
- Ongoing charge
- 0.24% a year
- Fund size
- £2.9bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0DML (Xtrackers II Eurozone Government Bond 1-3 UCITS ETF, ISIN LU0290356871) closed at €174.25 on the London Stock Exchange. Its ongoing charge is 0.24% a year (about £24 on £10,000). Over the five years to 13/11/2026 its total return was +1.5%, or −20.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −4.8%
- −8.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +3.1%
- −6.9% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +1.5%
- −20.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,015 on 13/11/2026 — about £792 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +1.4%, 2024 −1.7%, 2025 +7.4%; 2026 to 13/11/2026 −3.8%. Returns of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.8%; to 30/09/2025: +7.3%; to 30/09/2024: +1.1%; to 30/09/2023: −1.8%; to 30/09/2022: −1.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −3.8% | −6.9% | |
| to | +7.4% | +3.7% | |
| to | −1.7% | −5.0% | |
| +1.4% | −2.7% | ||
| +0.6% | −7.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.8% | −5.3% |
| from | +7.3% | +3.1% |
| from | +1.1% | −1.5% |
| from | −1.8% | −7.7% |
| from | −1.4% | −9.4% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
4.7%over 5 years
| 1 year | 3.3% |
|---|---|
| 3 years | 4.0% |
| 5 years | 4.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −5.4%
- From to
- Lowest 12-month return
- −8.2%
- 12 months to
- Highest 12-month return
- +8.7%
- 12 months to
- Below its highest weekly close since November 2021
- 5.1%
- High of , latest
In words: Volatility of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 3.3% over 1 year, 4.0% over 3 years, 4.7% over 5 years. Largest fall in the price of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF since November 2021, in pounds: −5.4% from 14/11/2025 to 30/10/2026. The lowest 12-month return of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −8.2% (12 months to 07/01/2022); the highest was +8.7% (12 months to 07/11/2025). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF was 5.1% below its highest weekly close since November 2021 (14/11/2025), in pounds.
As of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.24%
- a year
- On £10,000
- £24
- a year, roughly
- Over five years
- £119
- of £10,000, before growth
- 263 charge less
- 1 the same
- 47 charge more
Ongoing charge of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II Eurozone Government Bond 1-3 UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2007.
It tracks the iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index - EUR - Benchmark TR Net.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- 0DML
- ISIN
- LU0290356871
- Also listed as
- DBXP (Xetra, euros)
- Provider
- Xtrackers
- Tracks
- iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.24% a year · about £24 on £10,000
- Fund size
- £2.9bn
- Launched
- Domicile
- Luxembourg
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- EUR
- Category
- Government bonds
Price chart
Over the last year, the closing price went from €173.41 on 14/11/2025 to €174.25 on 13/11/2026 (+0.5%). The lowest close shown was €172.52 on 27/03/2026 and the highest €174.61 on 27/02/2026.
One close a week. Before 06/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
As of , at least 15 min delayed
Five years of prices, and after inflation
261 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 30
- on record
- Ten largest
- 49.8%
- of the whole fund
- Effective number of holdings
- 24
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 9.1%
- France (Republic Of) (FR001400HI98)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | France (Republic Of) (FR001400HI98)France | 9.05% |
| 2 | France (Republic Of) (FR001400XLW2)France | 6.86% |
| 3 | France (Republic Of) (FR001400AIN5)France | 6.29% |
| 4 | France (Republic Of) (FR0014016G71)France | 4.59% |
| 5 | Germany (Federal Republic Of) (DE000BU25018)Germany | 4.26% |
| 6 | Spain (Kingdom Of) (ES0000012M51)Spain | 4.24% |
| 7 | Spain (Kingdom Of) (ES0000012I08)Spain | 3.97% |
| 8 | Germany (Federal Republic Of) (DE000BU25026)Germany | 3.58% |
| 9 | Germany (Federal Republic Of) (DE000BU25000)Germany | 3.57% |
| 10 | Germany (Federal Republic Of) (DE000BU25034)Germany | 3.43% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- Germany30.1%
- Italy28.7%
- France26.8%
- Spain14.4%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 30 largest and what changed since .
More of the portfolio
The fund publishes 30 holdings; the ten largest make up 49.8% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 253 rolling 12-month returns since January 2021, and of 149 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (154 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of 0DML?
The ongoing charge of 0DML is 0.24% a year — about £24 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Xtrackers II Eurozone Government Bond 1-3 UCITS ETF 0.24% a year. Compared on 14/11/2026, 47 of the 311 other government bond funds charge more, 1 the same and 263 less (share classes counted once).
What does 0DML track?
0DML tracks the iBoxx EUR Eurozone (DE ES FR IT NL) 1-3Y Index - EUR - Benchmark TR Net.
Is 0DML accumulating or distributing?
0DML is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of 0DML?
The ISIN of 0DML is LU0290356871. An ISIN identifies one exact share class of a fund; 0DML is its ticker on the London Stock Exchange. The same share class is also listed as DBXP (Xetra, euros).
What does 0DML hold?
As of 15/11/2026, 0DML holds 30 positions, according to its published holdings. The largest is France (Republic Of) (FR001400HI98) at 9.05% of the fund; the ten largest make up 49.8%. Its ten largest holdings are France (Republic Of) (FR001400HI98) (9.05%), France (Republic Of) (FR001400XLW2) (6.86%), France (Republic Of) (FR001400AIN5) (6.29%), France (Republic Of) (FR0014016G71) (4.59%), Germany (Federal Republic Of) (DE000BU25018) (4.26%), Spain (Kingdom Of) (ES0000012M51) (4.24%), Spain (Kingdom Of) (ES0000012I08) (3.97%), Germany (Federal Republic Of) (DE000BU25026) (3.58%), Germany (Federal Republic Of) (DE000BU25000) (3.57%) and Germany (Federal Republic Of) (DE000BU25034) (3.43%).
What were 0DML’s returns in each of the last five years?
Calendar-year returns of 0DML in pounds (price, with income reinvested in the fund): 2022 +0.6%, 2023 +1.4%, 2024 −1.7%, 2025 +7.4%; 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns.
How has 0DML done after inflation?
Over the five years to 13/11/2026 0DML’s total return was +1.5%, or −20.8% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Xtrackers (DWS) (links checked )
Methodology:ReturnsCategoriesAll methods
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