# Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C (XEOU)

**Page:** https://fundology.uk/fund/xeou · ISIN LU1184092051

## 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, XEOU (Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C, ISIN LU1184092051) closed at $24.18 on the London Stock Exchange. Its ongoing charge is 0.31% a year (about £31 on £10,000). Over the five years to 13/11/2026 its total return was +75.1%, or +36.7% after UK CPIH inflation.

## Summary

Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C is an exchange-traded fund (ETF) from Xtrackers, launched in 2015. It tracks the MSCI Europe — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.31% a year — about £31 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. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$24.18** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XEOU |
| ISIN | LU1184092051 |
| Category | European shares |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI Europe |
| Income | Accumulating |
| Ongoing charge | 0.31% a year (£31 per £10,000) |
| Fund size | £283m |
| Launched | 2015 |
| Domicile | Luxembourg |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 27/02/2015 |

## 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 | +17.31% | +13.15% | income reinvested |
| 3 years | +53.89% | +39.03% | income reinvested |
| 5 years | +75.13% | +36.70% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C in pounds (price, with income reinvested in the fund): 2022 +5.9%, 2023 +10.3%, 2024 +12.4%, 2025 +14.3%; 2026 to 13/11/2026 +16.8%. Returns of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.3%; to 30/09/2025: +13.8%; to 30/09/2024: +10.0%; to 30/09/2023: +10.8%; to 30/09/2022: +11.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +5.9% | -3.1% | Price |
| 2023 | +10.3% | +5.9% | Price |
| 2024 | +12.4% | +8.6% | Price |
| 2025 | +14.3% | +10.3% | Price |
| 2026 to 13/11/2026 | +16.8% | +13.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.13% | -8.64% |
| 3 years | 12.52% | -14.59% |
| 5 years | 13.41% | -14.59% |

## Largest fall

Volatility of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C in pounds, annualised from weekly returns to 13/11/2026: 13.1% over 1 year, 12.5% over 3 years, 13.4% over 5 years. Largest fall in the price of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C since November 2021, in pounds: −14.6% from 28/02/2025 to 11/04/2025. The lowest 12-month return of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C in pounds (price, with income reinvested in the fund) since January 2021 was −4.6% (12 months to 11/04/2025); the highest was +31.7% (12 months to 03/03/2023). On 13/11/2026 the price of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C was at its highest weekly close since November 2021, in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C 0.31% a year. Compared on 14/11/2026, 60 of the 242 other European share funds charge more, 2 the same and 180 less (share classes counted once).

## Funds tracking the same index

16 funds track MSCI Europe, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.31% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Index Solutions - MSCI Europe UCITS ETF DR | 0.15% | +10.5% | +52.7% | +55.4% |
| Amundi Index Solutions - MSCI Europe UCITS ETF DR Dist | 0.20% | +10.5% | +52.7% | +55.4% |
| BNP PARIBAS EASY MSCI EUROPE ETF Capitalisation -UCITS ETF- | 0.28% | +10.3% | — | — |
| Deka MSCI Europe UCITS ETF | 0.30% | +11.0% | +53.1% | +54.6% |
| HSBC MSCI Europe UCITS ETF Accum EUR | 0.14% | +11.4% | — | — |
| HSBC MSCI Europe UCITS ETF EUR | 0.14% | +11.4% | +54.2% | +55.8% |
| Invesco MSCI Europe UCITS ETF | 0.19% | +11.2% | +53.7% | +55.0% |
| iShares Core MSCI Europe UCITS ETF | 0.12% | +11.4% | +54.2% | +56.0% |
| iShares Core MSCI Europe UCITS ETF Accum Shs Hedged MXN | 0.17% | +16.4% | +64.6% | +145.0% |
| iShares Core MSCI Europe UCITS ETF EUR (Acc) | 0.12% | +11.4% | +54.3% | +56.0% |
| State Street SPDR MSCI Europe UCITS ETF | 0.25% | +10.5% | +52.5% | +54.9% |
| UBS (Lux) Fund Solutions SICAV - UBS Core MSCI Europe UCITS ETF EUR dis- Distribution | 0.07% | +10.6% | +53.0% | +55.6% |
| UBS Core MSCI Europe UCITS ETF Capitalisation A | 0.10% | +10.4% | — | — |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 1C | 0.13% | +11.4% | +54.5% | +55.4% |
| Xtrackers MSCI EUROPE UCITS ETF Capitalisation 2C (this fund) | 0.31% | +17.3% | +53.9% | +75.1% |
| Xtrackers MSCI EUROPE UCITS ETF Distribution 1D | 0.13% | +11.2% | +54.5% | +55.7% |

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

## Charges & eligibility

- Ongoing charges figure (OCF): **0.31%** per year
- 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, XEOU holds 395 positions, according to its published holdings. The largest is ASML at 4.23% of the fund; the ten largest make up 21.6%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 4.23% |
| 2 | Roche | [RO](https://fundology.uk/stock/RO) | 2.44% |
| 3 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.20% |
| 4 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.10% |
| 5 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 2.01% |
| 6 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.99% |
| 7 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.91% |
| 8 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.70% |
| 9 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.61% |
| 10 | Allianz | [ALV](https://fundology.uk/stock/ALV) | 1.42% |

## 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 15/11/2026.

| Sector | Weight |
|---|---|
| Financials | 24.7% |
| Industrials | 17.9% |
| Health Care | 14.1% |
| Information Technology | 8.6% |
| Consumer Staples | 8.5% |
| Consumer Discretionary | 6.1% |
| Energy | 5.3% |
| Utilities | 4.8% |
| Other sectors | 8.6% |
| Not classified | 1.6% |

### By country

Added up from the fund’s published holdings, as of 15/11/2026.

| Country | Weight |
|---|---|
| United Kingdom | 21.3% |
| Switzerland | 15.3% |
| France | 14.2% |
| Germany | 13.7% |
| Netherlands | 8.6% |
| Spain | 5.9% |
| Italy | 4.9% |
| Sweden | 4.8% |
| Other countries | 11.4% |
| Not classified | 0.1% |

### By type of asset

Added up from the fund’s published holdings, as of 15/11/2026.

| Type of asset | Weight |
|---|---|
| Equity | 99.7% |
| Cash and money market | 0.3% |

The 390 holdings on record (of 395 reported): https://fundology.uk/fund/xeou/holdings

## Questions people ask

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

The ongoing charge of XEOU is 0.31% a year — about £31 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 MSCI EUROPE UCITS ETF Capitalisation 2C 0.31% a year. Compared on 14/11/2026, 60 of the 242 other European share funds charge more, 2 the same and 180 less (share classes counted once).

**What does XEOU track?**

XEOU tracks the MSCI Europe — large and medium-sized European companies.

**Is XEOU accumulating or distributing?**

XEOU 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 XEOU?**

The ISIN of XEOU is LU1184092051. An ISIN identifies one exact share class of a fund; XEOU is its ticker on the London Stock Exchange.

**What does XEOU hold?**

As of 15/11/2026, XEOU holds 395 positions, according to its published holdings. The largest is ASML at 4.23% of the fund; the ten largest make up 21.6%. Its ten largest holdings are ASML (4.23%), Roche (2.44%), HSBC (2.20%), Novartis (2.10%), Shell (2.01%), AstraZeneca (1.99%), Nestle (1.91%), SAP (1.70%), Siemens (1.61%) and Allianz (1.42%).

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

Calendar-year returns of XEOU in pounds (price, with income reinvested in the fund): 2022 +5.9%, 2023 +10.3%, 2024 +12.4%, 2025 +14.3%; 2026 to 13/11/2026 +16.8%. Past performance is not a guide to future returns.

**How has XEOU done after inflation?**

Over the five years to 13/11/2026 XEOU’s total return was +75.1%, or +36.7% 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/LU1184092051-msci-europe-ucits-etf-2c-usd-hedged/)
- 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.