# Xtrackers DAX UCITS ETF (XDAX)

**Page:** https://fundology.uk/fund/xdax · ISIN LU0274211480

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, XDAX (Xtrackers DAX UCITS ETF, ISIN LU0274211480) closed at £208.38 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 13/11/2026 its total return was +57.9%, or +23.2% after UK CPIH inflation.

## Summary

Xtrackers DAX UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the DAX 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 0.09% a year — about £9 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.

Latest close: **£208.38** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XDAX |
| ISIN | LU0274211480 |
| Also listed as | DBXD (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | DAX Index - EUR - Benchmark TR Net |
| Income | Accumulating |
| Ongoing charge | 0.09% a year (£9 per £10,000) |
| Fund size | £6.0bn |
| Launched | 2007 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +4.51% | +0.81% | income reinvested |
| 3 years | +64.30% | +48.44% | income reinvested |
| 5 years | +57.90% | +23.25% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers DAX UCITS ETF in pounds (price, with income reinvested in the fund): 2022 −7.6%, 2023 +17.2%, 2024 +12.9%, 2025 +28.8%; 2026 to 13/11/2026 +4.1%. Returns of Xtrackers DAX UCITS ETF in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.0%; to 30/09/2025: +30.4%; to 30/09/2024: +21.0%; to 30/09/2023: +24.7%; to 30/09/2022: −18.2%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.6% | -15.4% | Price |
| 2023 | +17.2% | +12.5% | Price |
| 2024 | +12.9% | +9.0% | Price |
| 2025 | +28.8% | +24.4% | Price |
| 2026 to 13/11/2026 | +4.1% | +0.8% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 16.50% | -12.83% |
| 3 years | 14.78% | -12.83% |
| 5 years | 16.35% | -22.94% |

## Largest fall

Volatility of Xtrackers DAX UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 16.5% over 1 year, 14.8% over 3 years, 16.3% over 5 years. Largest fall in the price of Xtrackers DAX UCITS ETF since November 2021, in pounds: −22.1% from 19/11/2021 to 30/09/2022. The lowest 12-month return of Xtrackers DAX UCITS ETF in pounds (price, with income reinvested in the fund) since January 2021 was −19.3% (12 months to 26/08/2022); the highest was +37.9% (12 months to 08/08/2025). On 13/11/2026 the price of Xtrackers DAX UCITS ETF was 1.8% below its highest weekly close since November 2021 (28/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers DAX UCITS ETF 0.09% a year. Compared on 14/11/2026, 224 of the 242 other European share funds charge more, 6 the same and 12 less (share classes counted once).

## Funds tracking the same index

6 funds track DAX Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.16% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi DAX II UCITS ETF Acc | 0.15% | +3.4% | +62.0% | +58.0% |
| Amundi Dax UCITS ETF FCP Parts | 0.10% | +3.4% | +62.2% | +58.2% |
| Deka DAX ausschuettend UCITS ETF | 0.15% | +4.4% | +64.0% | +57.7% |
| Deka DAX UCITS ETF | 0.15% | +4.3% | +63.9% | +57.7% |
| iShares Core DAX UCITS ETF (DE) | 0.16% | +3.5% | +61.8% | +58.1% |
| Xtrackers DAX UCITS ETF (this fund) | 0.09% | +4.5% | +64.3% | +57.9% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.09%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 15/11/2026, XDAX holds 43 positions, according to its published holdings. The largest is SAP at 11.64% of the fund; the ten largest make up 65.2%.

### Top holdings

Largest positions (as of 15/11/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | SAP | [SAP](https://fundology.uk/stock/SAP) | 11.64% |
| 2 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 11.27% |
| 3 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 9.79% |
| 4 | Airbus | [AIR](https://fundology.uk/stock/AIR) | 6.68% |
| 5 | Siemens Energy | [ENR](https://fundology.uk/stock/ENR) | 6.22% |
| 6 | Deutsche Telekom | [DTE](https://fundology.uk/stock/DTE) | 5.01% |
| 7 | Munchener Ruckversicherungs-Gesellschaft | [MUV2](https://fundology.uk/stock/MUV2) | 4.05% |
| 8 | Infineon Technologies | [IFX](https://fundology.uk/stock/IFX) | 3.71% |
| 9 | Deutsche Bank Aktiengesellschaft | [DBK](https://fundology.uk/stock/DBK) | 3.47% |
| 10 | Deutsche Boerse | [DB1](https://fundology.uk/stock/DB1) | 3.32% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 08/11/2026.

| Sector | Weight |
|---|---|
| Industrials | 31.9% |
| Financials | 22.7% |
| Information Technology | 15.3% |
| Consumer Discretionary | 6.2% |
| Health Care | 5.5% |
| Communication Services | 5.4% |
| Materials | 4.7% |
| Utilities | 4.6% |
| Other sectors | 1.8% |
| Not classified | 1.7% |

### By country

Added up from the fund’s published holdings, as of 08/11/2026.

| Country | Weight |
|---|---|
| Germany | 93.0% |
| France | 6.5% |
| Netherlands | 0.5% |

The 40 holdings on record (of 43 reported): https://fundology.uk/fund/xdax/holdings

## Questions people ask

**What is the ongoing charge of XDAX?**

The ongoing charge of XDAX is 0.09% a year — about £9 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 DAX UCITS ETF 0.09% a year. Compared on 14/11/2026, 224 of the 242 other European share funds charge more, 6 the same and 12 less (share classes counted once).

**What does XDAX track?**

XDAX tracks the DAX Index - EUR - Benchmark TR Net.

**Is XDAX accumulating or distributing?**

XDAX 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 XDAX?**

The ISIN of XDAX is LU0274211480. An ISIN identifies one exact share class of a fund; XDAX is its ticker on the London Stock Exchange. The same share class is also listed as DBXD (Xetra, euros).

**What does XDAX hold?**

As of 15/11/2026, XDAX holds 43 positions, according to its published holdings. The largest is SAP at 11.64% of the fund; the ten largest make up 65.2%. Its ten largest holdings are SAP (11.64%), Siemens (11.27%), Allianz (9.79%), Airbus (6.68%), Siemens Energy (6.22%), Deutsche Telekom (5.01%), Munchener Ruckversicherungs-Gesellschaft (4.05%), Infineon Technologies (3.71%), Deutsche Bank Aktiengesellschaft (3.47%) and Deutsche Boerse (3.32%).

**What were XDAX’s returns in each of the last five years?**

Calendar-year returns of XDAX in pounds (price, with income reinvested in the fund): 2022 −7.6%, 2023 +17.2%, 2024 +12.9%, 2025 +28.8%; 2026 to 13/11/2026 +4.1%. Past performance is not a guide to future returns.

**How has XDAX done after inflation?**

Over the five years to 13/11/2026 XDAX’s total return was +57.9%, or +23.2% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Xtrackers (DWS)](https://etf.dws.com/en-gb/LU0274211480-dax-ucits-etf-1c/)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.