ETF · Xtrackers
0E5H Xtrackers II US Treasuries UCITS ETF EUR
ISIN LU1399300455London Stock Exchange: 0E5HDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE€86.80
on
- Ongoing charge
- 0.10% a year
- Fund size
- £1.3bn
As of , at least 15 min delayed
At a glance
As of 13/11/2026, 0E5H (Xtrackers II US Treasuries UCITS ETF EUR, ISIN LU1399300455) closed at €86.80 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was −15.0%, or −33.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −11.2%
- −14.3% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +1.3%
- −8.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −15.0%
- −33.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £850 on 13/11/2026 — about £664 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) and worked out from recorded daily closes. 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 US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.4%, 2024 −8.9%, 2025 +5.3%; 2026 to 13/11/2026 −9.3%. Returns of Xtrackers II US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −9.1%; to 30/09/2025: +1.4%; to 30/09/2024: +0.6%; to 30/09/2023: −8.2%; to 30/09/2022: −13.3%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −9.3% | −12.2% | |
| to | +5.3% | +1.7% | |
| to | −8.9% | −12.0% | |
| −2.4% | −6.3% | ||
| −11.7% | −19.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −9.1% | −12.3% |
| from | +1.4% | −2.5% |
| from | +0.6% | −2.0% |
| from | −8.2% | −13.7% |
| from | −13.3% | −20.4% |
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)
7.3%over 5 years
| 1 year | 5.1% |
|---|---|
| 3 years | 6.6% |
| 5 years | 7.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −27.0%
- From to
- Lowest 12-month return
- −16.6%
- 12 months to
- Highest 12-month return
- +7.1%
- 12 months to
- Below its highest weekly close since November 2021
- 27.0%
- High of , latest
In words: Volatility of Xtrackers II US Treasuries UCITS ETF EUR in pounds, annualised from weekly returns to 13/11/2026: 5.1% over 1 year, 6.6% over 3 years, 7.3% over 5 years. Largest fall in the price of Xtrackers II US Treasuries UCITS ETF EUR since November 2021, in pounds: −27.0% from 03/12/2021 to 13/11/2026. The lowest 12-month return of Xtrackers II US Treasuries UCITS ETF EUR in pounds (price only, income paid out not included) since January 2021 was −16.6% (12 months to 04/11/2022); the highest was +7.1% (12 months to 14/11/2025). On 13/11/2026 the price of Xtrackers II US Treasuries UCITS ETF EUR was 27.0% below its highest weekly close since November 2021 (03/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 88 charge less
- 39 the same
- 184 charge more
Ongoing charge of Xtrackers II US Treasuries UCITS ETF EUR 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II US Treasuries UCITS ETF EUR is an exchange-traded fund (ETF) from Xtrackers, launched in 2016.
It tracks the iBoxx USD Treasuries.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.1% a year — about £10 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
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
- 0E5H
- ISIN
- LU1399300455
- Also listed as
- XUTE (Xetra, euros)
- Provider
- Xtrackers
- Tracks
- iBoxx USD Treasuries
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £1.3bn
- 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 €92.62 on 14/11/2025 to €86.80 on 13/11/2026 (−6.3%). The lowest close shown was €86.04 on 09/10/2026 and the highest €92.62 on 14/11/2025.
One close a week. Before 10/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 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
- 300
- on record
- Ten largest
- 7.4%
- of the whole fund
- Effective number of holdings
- 251
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.8%
- Treasury Note (US91282CLW90)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Note (US91282CLW90)United States | 0.75% |
| 2 | Treasury Note (US91282CNT44)United States | 0.75% |
| 3 | Treasury Note (US91282CMM00)United States | 0.74% |
| 4 | Treasury Note (US91282CNC19)United States | 0.74% |
| 5 | Treasury Note (US91282CPZ85)United States | 0.74% |
| 6 | Treasury Note (US91282CQQ77)United States | 0.74% |
| 7 | Treasury Note (US91282CJJ18)United States | 0.73% |
| 8 | Treasury Note (US91282CJZ59)United States | 0.73% |
| 9 | Treasury Note (US91282CKQ32)United States | 0.73% |
| 10 | Treasury Note (US91282CLF67)United States | 0.73% |
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
- United States99.9%
- Other funds0.1%
By type of asset
- Bonds99.9%
- Cash and money market0.1%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 300 holdings; the ten largest make up 7.4% 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
Funds tracking the same index
4 funds track iBoxx USD Treasuries, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year | 0.07% | −1.0% | +3.5% | −2.6% |
| Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged | Not reported | −0.7% | +5.1% | Not reported |
| Xtrackers II US Treasuries UCITS ETF EURThis fundDistributing · 0.10% a year | 0.10% | Not reported | +1.3% | −15.0% |
| Xtrackers II US Treasuries UCITS ETF Shs 1C CapitalisationAccumulating · 0.07% a year | 0.07% | −1.0% | +3.5% | Not reported |
As of
iBoxx USD Treasuries funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year · LU0429459356
- Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged · LU2610432036
- Xtrackers II US Treasuries UCITS ETF Shs 1C CapitalisationAccumulating · 0.07% a year · LU1920015796
Read more:Share classesAccumulating or incomeCurrency hedging
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 252 rolling 12-month returns since January 2021, and of 148 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it 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 (156 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 0E5H?
The ongoing charge of 0E5H is 0.10% a year — about £10 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 US Treasuries UCITS ETF EUR 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
What does 0E5H track?
0E5H tracks the iBoxx USD Treasuries.
Is 0E5H accumulating or distributing?
0E5H is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of 0E5H?
The ISIN of 0E5H is LU1399300455. An ISIN identifies one exact share class of a fund; 0E5H is its ticker on the London Stock Exchange. The same share class is also listed as XUTE (Xetra, euros).
What does 0E5H hold?
As of 15/11/2026, 0E5H holds 300 positions, according to its published holdings. The largest is Treasury Note (US91282CLW90) at 0.75% of the fund; the ten largest make up 7.4%. Its ten largest holdings are Treasury Note (US91282CLW90) (0.75%), Treasury Note (US91282CNT44) (0.75%), Treasury Note (US91282CMM00) (0.74%), Treasury Note (US91282CNC19) (0.74%), Treasury Note (US91282CPZ85) (0.74%), Treasury Note (US91282CQQ77) (0.74%), Treasury Note (US91282CJJ18) (0.73%), Treasury Note (US91282CJZ59) (0.73%), Treasury Note (US91282CKQ32) (0.73%) and Treasury Note (US91282CLF67) (0.73%).
What were 0E5H’s returns in each of the last five years?
Calendar-year returns of 0E5H in pounds (price only, income paid out not included): 2022 −11.7%, 2023 −2.4%, 2024 −8.9%, 2025 +5.3%; 2026 to 13/11/2026 −9.3%. Past performance is not a guide to future returns.
How has 0E5H done after inflation?
Over the five years to 13/11/2026 0E5H’s total return was −15.0%, or −33.6% 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
A machine-readable copy of this page: Markdown.