ETF · Xtrackers
XGSI Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc
ISIN LU0641006456London Stock Exchange: XGSIDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
- USD hedged
Latest close
LSE$13.17
on
- Ongoing charge
- 0.25% a year
- Fund size
- £307m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XGSI (Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc, ISIN LU0641006456) closed at $13.17 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 −3.4%, or −24.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −1.2%
- −4.7% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +1.8%
- −8.0% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −3.4%
- −24.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £966 on 13/11/2026 — about £754 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 USD Hedged Acc in pounds (price, with income reinvested in the fund): 2022 −2.8%, 2023 +0.1%, 2024 +3.6%, 2025 −4.4%; 2026 to 13/11/2026 +0.7%. Returns of Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.0%; to 30/09/2025: +1.0%; to 30/09/2024: −0.1%; to 30/09/2023: −10.4%; to 30/09/2022: +6.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +0.7% | −2.5% | |
| to | −4.4% | −7.6% | |
| to | +3.6% | +0.1% | |
| +0.1% | −3.9% | ||
| −2.8% | −11.1% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.0% | −4.5% |
| from | +1.0% | −2.9% |
| from | −0.1% | −2.6% |
| from | −10.4% | −15.7% |
| from | +6.7% | −2.0% |
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)
7.9%over 5 years
| 1 year | 5.6% |
|---|---|
| 3 years | 7.0% |
| 5 years | 7.9% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −14.2%
- From to
- Lowest 12-month return
- −12.2%
- 12 months to
- Highest 12-month return
- +7.8%
- 12 months to
- Below its highest weekly close since November 2021
- 8.7%
- High of , latest
In words: Volatility of Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc in pounds, annualised from weekly returns to 13/11/2026: 5.6% over 1 year, 7.0% over 3 years, 7.9% over 5 years. Largest fall in the price of Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc since November 2021, in pounds: −14.2% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc in pounds (price, with income reinvested in the fund) since January 2021 was −12.2% (12 months to 14/07/2023); the highest was +7.8% (12 months to 13/05/2022). On 13/11/2026 the price of Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc was 8.7% below its highest weekly close since November 2021 (23/09/2022), 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
- 0.25%
- 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 USD Hedged Acc 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.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II Global Government Bond UCITS ETF USD Hedged Acc is an exchange-traded fund (ETF) from Xtrackers, launched in 2017.
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 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
- XGSI
- ISIN
- LU0641006456
- 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
- 0.25% a year · about £25 on £10,000
- Fund size
- £307m
- 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 $13.34 on 14/11/2025 to $13.17 on 13/11/2026 (−1.2%). The lowest close shown was $13.01 on 25/09/2026 and the highest $13.56 on 27/02/2026.
One close a week. Before 30/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
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 ETFDistributing · 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 AccThis fundAccumulating · 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 ETFDistributing · Currency hedged · 0.25% a year · LU0641006290
- 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 -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 2 largest falls since November 2021, 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 XGSI?
The ongoing charge of XGSI 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 USD Hedged Acc 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 XGSI track?
XGSI tracks the FTSE WGBI - Developed Markets (EUR).
Is XGSI accumulating or distributing?
XGSI 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 XGSI?
The ISIN of XGSI is LU0641006456. An ISIN identifies one exact share class of a fund; XGSI is its ticker on the London Stock Exchange.
What does XGSI hold?
As of 15/11/2026, XGSI 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 XGSI’s returns in each of the last five years?
Calendar-year returns of XGSI in pounds (price, with income reinvested in the fund): 2022 −2.8%, 2023 +0.1%, 2024 +3.6%, 2025 −4.4%; 2026 to 13/11/2026 +0.7%. Past performance is not a guide to future returns.
How has XGSI done after inflation?
Over the five years to 13/11/2026 XGSI’s total return was −3.4%, or −24.6% 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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