# Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD (XEQL) **Page:** https://fundology.uk/fund/xeql · ISIN IE000FL46JJ1 ## 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, XEQL (Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD, ISIN IE000FL46JJ1) closed at £30.26 on the London Stock Exchange. Its ongoing charge is 0.08% a year (about £8 on £10,000). Over the year to 13/11/2026 its total return was +18.8%, or +14.6% after UK CPIH inflation. ## Summary Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD is an exchange-traded fund (ETF) from Xtrackers, launched in 2025. It tracks the S&P 500 Equal Weighted — about 500 of the largest companies listed in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.08% a year — about £8 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. Latest close: **£30.26** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XEQL | | ISIN | IE000FL46JJ1 | | Also listed as | XEQS (Xetra, US dollars) | | Category | US shares | | Type | ETF | | Provider | Xtrackers | | Tracks | S&P 500 Equal Weighted | | Income | Distributing | | Ongoing charge | 0.08% a year (£8 per £10,000) | | Fund size | £20.3m | | Launched | 2025 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2025 | ## 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 | +18.80% | +14.59% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD in pounds (price only, income paid out not included): 2026 to 13/11/2026 +16.9%. Returns of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +11.3%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 13/11/2026 | +16.9% | +13.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 9.50% | -5.52% | ## Largest fall Volatility of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD in pounds, annualised from weekly returns to 13/11/2026: 9.5% over 1 year. Largest fall in the price of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD since August 2025, in pounds: −5.5% from 27/02/2026 to 27/03/2026. On 13/11/2026 the price of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD was at its highest weekly close since August 2025, in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD 0.08% a year. Compared on 14/11/2026, 196 of the 254 other US share funds charge more, 4 the same and 54 less (share classes counted once). ## Funds tracking the same index 11 funds track S&P 500 Equal Weighted, this one included and share classes counted once; their ongoing charges range from 0.08% to 0.20% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi S&P 500 Equal Weight -UCITS ETF ACC- Capitalisation | 0.12% | +18.2% | — | — | | Invesco Markets II plc - Invesco S&P 500 Equal Weight UCITS ETF USD | 0.20% | +16.7% | +50.1% | — | | Invesco S&P 500 Equal Weight Swap UCITS ETF AccumUSD | 0.20% | +19.3% | — | — | | Invesco S&P 500 Equal Weight UCITS ETF AccumUSD | 0.20% | +16.7% | +50.1% | — | | iShares S&P 500 Equal Weight UCITS ETF AccumHedged GBP | 0.17% | +18.7% | — | — | | iShares S&P 500 Equal Weight UCITS ETF AccumUSD | 0.15% | +17.9% | — | — | | UBS (Irl) Fund Solutions PLC - UBS S&P 500 Equal Weight SF UCITS ETF AccumUSD | 0.12% | +17.5% | — | — | | Xtrackers (IE) PLC - Xtrackers S&P 500 Equal Weight UCITS ETF Accum-1D- Hedged GBP | 0.17% | +18.6% | +62.7% | +29.3% | | Xtrackers S&P 500 Equal Weight Swap UCITS ETF -1D- USD (this fund) | 0.08% | +18.8% | — | — | | Xtrackers S&P 500 Equal Weight UCITS ETF | 0.15% | +17.8% | +52.6% | +50.1% | | Xtrackers S&P 500 Equal Weight UCITS ETF 2D USD | 0.15% | +17.8% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.08%** 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 XEQL is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. ### Top holdings Largest positions (as of 15/11/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Aon · Class A | [AON](https://fundology.uk/stock/AON) | 5.28% | | 2 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 4.41% | | 3 | Bank of New York Mellon | [BNY](https://fundology.uk/stock/BNY) | 4.25% | | 4 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 4.19% | | 5 | Vivmark Residential | [VMRK](https://fundology.uk/stock/VMRK) | 4.14% | | 6 | Walmart | [WMT](https://fundology.uk/stock/WMT) | 3.65% | | 7 | Intel | [INTC](https://fundology.uk/stock/INTC) | 3.61% | | 8 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 3.56% | | 9 | ExxonMobil | [XOM](https://fundology.uk/stock/XOM) | 3.24% | | 10 | Northern Trust | [NTRS](https://fundology.uk/stock/NTRS) | 3.21% | The 55 holdings on record (of 57 reported): https://fundology.uk/fund/xeql/holdings ## Questions people ask **What is the ongoing charge of XEQL?** The ongoing charge of XEQL is 0.08% a year — about £8 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 S&P 500 Equal Weight Swap UCITS ETF -1D- USD 0.08% a year. Compared on 14/11/2026, 196 of the 254 other US share funds charge more, 4 the same and 54 less (share classes counted once). **What does XEQL track?** XEQL tracks the S&P 500 Equal Weighted — about 500 of the largest companies listed in the US. **Is XEQL accumulating or distributing?** XEQL is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual. **What is the ISIN of XEQL?** The ISIN of XEQL is IE000FL46JJ1. An ISIN identifies one exact share class of a fund; XEQL is its ticker on the London Stock Exchange. The same share class is also listed as XEQS (Xetra, US dollars). **What does XEQL hold?** XEQL is a swap-based (synthetic) fund: it gets the return of the index it tracks through a swap. Its published holdings, as of 15/11/2026, are the substitute basket of securities the fund holds as collateral, not the companies in that index. **What were XEQL’s returns in each of the last five years?** Calendar-year returns of XEQL in pounds (price only, income paid out not included): 2026 to 13/11/2026 +16.9%. Past performance is not a guide to future returns. **How has XEQL done after inflation?** Over the year to 13/11/2026 XEQL’s total return was +18.8%, or +14.6% 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/IE000FL46JJ1-s-p-500-equal-weight-swap-ucits-etf-1d/) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.