ETF · Xtrackers
XGSG Xtrackers II Global Government Bond UCITS ETF
ISIN LU0641006290London Stock Exchange: XGSGDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£23.26
on
- Ongoing charge
- 0.25% a year
- Fund size
- £337m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XGSG (Xtrackers II Global Government Bond UCITS ETF, ISIN LU0641006290) closed at £23.26 on the London Stock Exchange. Its ongoing charge is 0.25% a year (about £25 on £10,000). Over the five years to 13/11/2026 its total return was −6.5%, or −27.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.8%
- −4.3% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +9.4%
- −1.1% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −6.5%
- −27.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £935 on 13/11/2026 — about £730 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). 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 Global Government Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −16.1%, 2023 +3.1%, 2024 −1.7%, 2025 +0.7%; 2026 to 13/11/2026 −2.9%. Returns of Xtrackers II Global Government Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.9%; to 30/09/2025: −1.1%; to 30/09/2024: +6.0%; to 30/09/2023: −3.3%; to 30/09/2022: −15.2%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −2.9% | −6.0% | |
| to | +0.7% | −2.8% | |
| to | −1.7% | −5.1% | |
| +3.1% | −1.0% | ||
| −16.1% | −23.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −4.9% | −8.2% |
| from | −1.1% | −5.0% |
| from | +6.0% | +3.3% |
| from | −3.3% | −9.1% |
| from | −15.2% | −22.0% |
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)
5.3%over 5 years
| 1 year | 4.4% |
|---|---|
| 3 years | 4.5% |
| 5 years | 5.3% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −19.6%
- From to
- Lowest 12-month return
- −16.8%
- 12 months to
- Highest 12-month return
- +6.4%
- 12 months to
- Below its highest weekly close since November 2021
- 18.0%
- High of , latest
In words: Volatility of Xtrackers II Global Government Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 4.4% over 1 year, 4.5% over 3 years, 5.3% over 5 years. Largest fall in the price of Xtrackers II Global Government Bond UCITS ETF since November 2021, in pounds: −19.6% from 03/12/2021 to 20/10/2023. The lowest 12-month return of Xtrackers II Global Government Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −16.8% (12 months to 04/11/2022); the highest was +6.4% (12 months to 18/10/2024). On 13/11/2026 the price of Xtrackers II Global Government Bond UCITS ETF was 18.0% 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
- 0.25%
- a year
- On £10,000
- £25
- a year, roughly
- Over five years
- £124
- of £10,000, before growth
- 265 charge less
- 16 the same
- 30 charge more
Ongoing charge of Xtrackers II Global Government Bond UCITS ETF 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II Global Government Bond UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2011.
It tracks the FTSE WGBI - Developed Markets (EUR).
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.25% a year — about £25 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.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
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
- XGSG
- ISIN
- LU0641006290
- Provider
- Xtrackers
- 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
- 0.25% a year · about £25 on £10,000
- Fund size
- £337m
- 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 pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £24.22 on 14/11/2025 to £23.26 on 13/11/2026 (−4.0%). The lowest close shown was £23.01 on 25/09/2026 and the highest £24.31 on 27/02/2026.
One close a week. Before 07/08/2026 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
- 1,294
- 1,300 reported in all
- Ten largest
- 3.8%
- of the whole fund
- Effective number of holdings
- 720
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.4%
- Treasury Note (US91282CNT44)
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Note (US91282CNT44)United States | 0.39% |
| 2 | Treasury Note (US91282CRF04)United States | 0.39% |
| 3 | Treasury Note (US91282CJZ59)United States | 0.38% |
| 4 | Treasury Note (US91282CLW90)United States | 0.38% |
| 5 | Treasury Note (US91282CMM00)United States | 0.38% |
| 6 | Treasury Note (US91282CQQ77)United States | 0.38% |
| 7 | Treasury Note (US91282CJJ18)United States | 0.37% |
| 8 | Treasury Note (US91282CKQ32)United States | 0.37% |
| 9 | Treasury Note (US91282CPZ85)United States | 0.37% |
| 10 | Treasury Note (US91282CGH88)United States | 0.36% |
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 States47.3%
- Japan10.1%
- France6.8%
- Italy6.4%
- United Kingdom6.2%
- Germany5.7%
- Spain4.2%
- South Korea2.5%
- Other countries10.8%
- Not classified0.1%
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 1,300 holdings; the ten largest make up 3.8% 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
7 funds track FTSE WGBI - Developed Markets (EUR), this one included and share classes counted once; their ongoing charges range from 0.20% to 0.25% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Xtrackers II Global Government Bond UCITS ETFThis fundDistributing · Currency hedged · 0.25% a year | 0.25% | −0.8% | +9.4% | −6.5% |
| Xtrackers II Global Government Bond UCITS ETF 5C CapitalisationAccumulating · 0.20% a year | 0.20% | −4.0% | −0.5% | −14.6% |
| Xtrackers II Global Government Bond UCITS ETF AccAccumulating · 0.25% a year | 0.25% | −9.9% | −3.5% | −12.8% |
| Xtrackers II Global Government Bond UCITS ETF DistDistributing · 0.25% a year | 0.25% | −7.7% | −0.4% | −15.4% |
| Xtrackers II Global Government Bond UCITS ETF EUR Hedged AccAccumulating · Currency hedged · 0.25% a year | 0.25% | −7.7% | −0.4% | −15.5% |
| Xtrackers II Global Government Bond UCITS ETF USD Hedged AccAccumulating · Currency hedged · 0.25% a year | 0.25% | −1.2% | +1.8% | −3.4% |
| Xtrackers II Global Government Bond UCITS ETF -4D- DistributionDistributing · 0.20% a year | 0.20% | Not reported | Not reported | Not reported |
As of
FTSE WGBI - Developed Markets funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Xtrackers II Global Government Bond UCITS ETF 5C CapitalisationAccumulating · 0.20% a year · LU0908508731
- Xtrackers II Global Government Bond UCITS ETF AccAccumulating · 0.25% a year · LU0641006613
- Xtrackers II Global Government Bond UCITS ETF DistDistributing · 0.25% a year · LU0690964092
- Xtrackers II Global Government Bond UCITS ETF EUR Hedged AccAccumulating · Currency hedged · 0.25% a year · LU0378818131
- Xtrackers II Global Government Bond UCITS ETF USD Hedged AccAccumulating · Currency hedged · 0.25% a year · LU0641006456
- Xtrackers II Global Government Bond UCITS ETF -4D- DistributionDistributing · 0.20% a year · LU3284391318
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 254 rolling 12-month returns since January 2021, and of 150 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 XGSG?
The ongoing charge of XGSG is 0.25% a year — about £25 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 Global Government Bond UCITS ETF 0.25% a year. Compared on 14/11/2026, 30 of the 311 other government bond funds charge more, 16 the same and 265 less (share classes counted once).
What does XGSG track?
XGSG tracks the FTSE WGBI - Developed Markets (EUR).
Is XGSG accumulating or distributing?
XGSG 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 XGSG?
The ISIN of XGSG is LU0641006290. An ISIN identifies one exact share class of a fund; XGSG is its ticker on the London Stock Exchange.
What does XGSG hold?
As of 15/11/2026, XGSG holds 1,300 positions, according to its published holdings. The largest is Treasury Note (US91282CNT44) at 0.39% of the fund; the ten largest make up 3.8%. Its ten largest holdings are Treasury Note (US91282CNT44) (0.39%), Treasury Note (US91282CRF04) (0.39%), Treasury Note (US91282CJZ59) (0.38%), Treasury Note (US91282CLW90) (0.38%), Treasury Note (US91282CMM00) (0.38%), Treasury Note (US91282CQQ77) (0.38%), Treasury Note (US91282CJJ18) (0.37%), Treasury Note (US91282CKQ32) (0.37%), Treasury Note (US91282CPZ85) (0.37%) and Treasury Note (US91282CGH88) (0.36%).
What were XGSG’s returns in each of the last five years?
Calendar-year returns of XGSG in pounds (price only, income paid out not included): 2022 −16.1%, 2023 +3.1%, 2024 −1.7%, 2025 +0.7%; 2026 to 13/11/2026 −2.9%. Past performance is not a guide to future returns.
How has XGSG done after inflation?
Over the five years to 13/11/2026 XGSG’s total return was −6.5%, or −27.0% 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
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