ETF · Xtrackers
XGED Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation
ISIN LU2606231335London Stock Exchange: XGEDDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- USD hedged
Latest close
LSE$9.85
on
- Ongoing charge
- 0.20% a year
- Fund size
- £801k
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XGED (Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation, ISIN LU2606231335) closed at $9.85 on the London Stock Exchange. Its ongoing charge is 0.20% a year (about £20 on £10,000). Over the three years to 13/11/2026 its total return was −2.9%, or −12.2% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +0.1%
- −3.5% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −2.9%
- −12.2% after inflation (UK CPIH)
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 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund): 2024 +6.3%, 2025 −3.3%; 2026 to 13/11/2026 +1.9%. Returns of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.4%; to 30/09/2025: +3.9%; to 30/09/2024: −0.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +1.9% | −1.3% | |
| to | −3.3% | −6.6% | |
| to | +6.3% | +2.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +1.4% | −2.2% |
| from | +3.9% | −0.2% |
| from | −0.7% | −3.2% |
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)
6.5%over 3 years
| 1 year | 5.5% |
|---|---|
| 3 years | 6.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since May 2023
- −8.4%
- From to
- Lowest 12-month return
- −5.1%
- 12 months to
- Highest 12-month return
- +8.9%
- 12 months to
- Below its highest weekly close since May 2023
- 3.1%
- High of , latest
In words: Volatility of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.5% over 3 years. Largest fall in the price of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation since May 2023, in pounds: −8.4% from 17/01/2025 to 27/06/2025. The lowest 12-month return of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation in pounds (price, with income reinvested in the fund) since May 2023 was −5.1% (12 months to 30/01/2026); the highest was +8.9% (12 months to 17/01/2025). On 13/11/2026 the price of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation was 3.1% below its highest weekly close since May 2023 (17/01/2025), 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
- 0.20%
- a year
- On £10,000
- £20
- a year, roughly
- Over five years
- £100
- of £10,000, before growth
- 219 charge less
- 30 the same
- 62 charge more
Ongoing charge of Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 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 Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2023.
It tracks the Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.2% a year — about £20 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.
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 incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- XGED
- ISIN
- LU2606231335
- Provider
- Xtrackers
- 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
- 0.20% a year · about £20 on £10,000
- Fund size
- £801k
- 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
- Yes, to US dollars
- Price currency
- USD
- Category
- Government bonds
Price chart
Over the last year, the closing price went from $9.80 on 14/11/2025 to $9.85 on 13/11/2026 (+0.5%). The lowest close shown was $9.75 on 27/03/2026 and the highest $9.97 on 27/02/2026.
One close a week. Before 21/08/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history.
As of , at least 15 min delayed
Five years of prices, and after inflation
182 weekly closes, from 26/05/2023 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
- 23
- on record
- Ten largest
- 60.2%
- of the whole fund
- Effective number of holdings
- 19
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 10.6%
- France (Republic Of) (FR001400Z2L7)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | France (Republic Of) (FR001400Z2L7)France | 10.61% |
| 2 | France (Republic Of) (FR001400PM68)France | 10.19% |
| 3 | Germany (Federal Republic Of) (DE000BU25067)Germany | 6.09% |
| 4 | Germany (Federal Republic Of) (DE000BU25042)Germany | 5.39% |
| 5 | Germany (Federal Republic Of) (DE000BU25059)Germany | 5.19% |
| 6 | Spain (Kingdom Of) (ES0000012N43)Spain | 4.90% |
| 7 | Germany (Federal Republic Of) (DE000BU25075)Germany | 4.72% |
| 8 | Germany (Federal Republic Of) (DE000BU27006)Germany | 4.70% |
| 9 | Germany (Federal Republic Of) (DE0001102622)Germany | 4.37% |
| 10 | Italy (Republic Of) (IT0005519787)Italy | 4.03% |
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
- Italy31.5%
- Germany30.5%
- France20.8%
- Spain11.9%
- Netherlands5.3%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 23 largest and what changed since .
More of the portfolio
The fund publishes 23 holdings; the ten largest make up 60.2% 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
3 funds track Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.20% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II Eurozone Government Bond 3-5 UCITS ETF -2C - USD Hedged- CapitalisationThis fundAccumulating · Currency hedged · 0.20% a year | 0.20% | +0.1% | −2.9% | Not reported |
| Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2D GBP Hedged DistributionDistributing · Currency hedged · 0.20% a year | 0.20% | +0.4% | +4.9% | Not reported |
| Xtrackers II Eurozone Government Bond 3-5 UCITS ETF Capitalisation 1CAccumulating · 0.15% a year | 0.15% | −6.4% | +3.0% | −4.3% |
As of
Markit iBoxx Euro Sovereigns Eurozone 3-5 funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Xtrackers II Eurozone Government Bond 3-5 UCITS ETF 2D GBP Hedged DistributionDistributing · Currency hedged · 0.20% a year · LU2606231418
- Xtrackers II Eurozone Government Bond 3-5 UCITS ETF Capitalisation 1CAccumulating · 0.15% a year · LU0290356954
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 130 rolling 12-month returns since May 2023, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since May 2023, 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 (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 XGED?
The ongoing charge of XGED is 0.20% a year — about £20 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 3-5 UCITS ETF -2C - USD Hedged- Capitalisation 0.20% a year. Compared on 14/11/2026, 62 of the 311 other government bond funds charge more, 30 the same and 219 less (share classes counted once).
What does XGED track?
XGED tracks the Markit iBoxx Euro Sovereigns Eurozone 3-5 Index - EUR.
Is XGED accumulating or distributing?
XGED 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 XGED?
The ISIN of XGED is LU2606231335. An ISIN identifies one exact share class of a fund; XGED is its ticker on the London Stock Exchange.
What does XGED hold?
As of 15/11/2026, XGED holds 23 positions, according to its published holdings. The largest is France (Republic Of) (FR001400Z2L7) at 10.61% of the fund; the ten largest make up 60.2%. Its ten largest holdings are France (Republic Of) (FR001400Z2L7) (10.61%), France (Republic Of) (FR001400PM68) (10.19%), Germany (Federal Republic Of) (DE000BU25067) (6.09%), Germany (Federal Republic Of) (DE000BU25042) (5.39%), Germany (Federal Republic Of) (DE000BU25059) (5.19%), Spain (Kingdom Of) (ES0000012N43) (4.90%), Germany (Federal Republic Of) (DE000BU25075) (4.72%), Germany (Federal Republic Of) (DE000BU27006) (4.70%), Germany (Federal Republic Of) (DE0001102622) (4.37%) and Italy (Republic Of) (IT0005519787) (4.03%).
What were XGED’s returns in each of the last five years?
Calendar-year returns of XGED in pounds (price, with income reinvested in the fund): 2024 +6.3%, 2025 −3.3%; 2026 to 13/11/2026 +1.9%. Past performance is not a guide to future returns.
How has XGED done after inflation?
Over the three years to 13/11/2026 XGED’s total return was −2.9%, or −12.2% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- CU71iShares USD Treasury Bond 3-7yr UCITS ETF0.07% a year · £6.1bn
- IBTAiShares USD Treasury Bond 1-3yr UCITS ETF Acc0.07% a year · £5.8bn
- SEGAiShares Core EUR Govt Bond UCITS ETF0.07% a year · £4.6bn
- SEMLiShares J.P. Morgan EM Local Govt Bond UCITS ETF0.50% a year · £4.1bn
- CBU0iShares USD Treasury Bond 7-10yr UCITS ETF USD (Acc) USD0.07% a year · £3.9bn
- VETAVanguard EUR Eurozone Government Bond UCITS ETF0.07% a year · £3.4bn
- IGLTiShares Core UK Gilts UCITS ETF0.07% a year · £3.4bn
- IBTMiShares USD Treasury Bond 7-10yr UCITS ETF0.07% a year · £3.0bn
Fund documents and methods
- Fund documents
- Fund page at Xtrackers (DWS) (links checked )
Methodology:ReturnsCategoriesAll methods
A machine-readable copy of this page: Markdown.