# Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C (XLDX) **Page:** https://fundology.uk/fund/xldx · ISIN LU0411075376 ## 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, XLDX (Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C, ISIN LU0411075376) closed at £264.35 on the London Stock Exchange. Its ongoing charge is 0.35% a year (about £35 on £10,000). Over the five years to 13/11/2026 its total return was +92.5%, or +50.3% after UK CPIH inflation. ## Summary Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2010. It aims to deliver a multiple, or the opposite, of one day’s move in what it tracks. The multiple resets daily, so over longer periods its return can differ a lot from the multiple of the index return. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.35% a year — about £35 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. > **Leveraged & inverse:** Built for short-term trading. Because the multiple resets every day, losses can build up quickly when held for longer, even if the index ends up where it started. Latest close: **£264.35** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XLDX | | ISIN | LU0411075376 | | Also listed as | DBPE (Xetra, euros) | | Category | Leveraged & inverse | | Type | ETF | | Provider | Xtrackers | | Tracks | LevDAX x2 Index - EUR | | Income | Accumulating | | Ongoing charge | 0.35% a year (£35 per £10,000) | | Fund size | £50.1m | | Launched | 2010 | | Domicile | Luxembourg | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 01/01/2011 | ## 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 | +8.85% | +5.00% | income reinvested | | 3 years | +135.69% | +112.94% | income reinvested | | 5 years | +92.51% | +50.26% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −23.4%, 2023 +32.9%, 2024 +26.0%, 2025 +48.3%; 2026 to 13/11/2026 +7.6%. Returns of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.3%; to 30/09/2025: +51.8%; to 30/09/2024: +43.9%; to 30/09/2023: +50.0%; to 30/09/2022: −38.0%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -23.4% | -29.8% | Price | | 2023 | +32.9% | +27.6% | Price | | 2024 | +26.0% | +21.7% | Price | | 2025 | +48.3% | +43.2% | Price | | 2026 to 13/11/2026 | +7.6% | +4.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 31.90% | -23.81% | | 3 years | 29.51% | -23.81% | | 5 years | 32.00% | -45.09% | ## Largest fall Volatility of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 13/11/2026: 31.9% over 1 year, 29.5% over 3 years, 32.0% over 5 years. Largest fall in the price of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C since November 2021, in pounds: −44.7% from 19/11/2021 to 30/09/2022. The lowest 12-month return of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −38.8% (12 months to 23/09/2022); the highest was +75.2% (12 months to 08/08/2025). On 13/11/2026 the price of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C was 0.8% below its highest weekly close since November 2021 (27/08/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers LevDAX Daily Swap UCITS ETF Capitalisation 1C 0.35% a year. Compared on 14/11/2026, 200 of the 210 other leveraged and inverse products charge more, 1 the same and 9 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.35%** per year (as of 13/11/2026) - 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 XLDX 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 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 8.90% | | 2 | Howmet Aerospace | [HWM](https://fundology.uk/stock/HWM) | 6.98% | | 3 | Kinder Morgan | [KMI](https://fundology.uk/stock/KMI) | 6.24% | | 4 | Philip Morris International | [PM](https://fundology.uk/stock/PM) | 6.10% | | 5 | Ppl | [PPL](https://fundology.uk/stock/NYSE:PPL) | 4.50% | | 6 | Regeneron Pharmaceuticals | [REGN](https://fundology.uk/stock/REGN) | 4.19% | | 7 | CMS Energy | [CMS](https://fundology.uk/stock/CMS) | 4.05% | | 8 | Northrop Grumman | [NOC](https://fundology.uk/stock/NOC) | 4.00% | | 9 | Super Micro Computer | [SMCI](https://fundology.uk/stock/SMCI) | 3.92% | | 10 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 3.92% | All 41 holdings: https://fundology.uk/fund/xldx/holdings ## Questions people ask **What is the ongoing charge of XLDX?** The ongoing charge of XLDX is 0.35% a year — about £35 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 LevDAX Daily Swap UCITS ETF Capitalisation 1C 0.35% a year. Compared on 14/11/2026, 200 of the 210 other leveraged and inverse products charge more, 1 the same and 9 less (share classes counted once). **What does XLDX track?** XLDX tracks the LevDAX x2 Index - EUR. **Is XLDX accumulating or distributing?** XLDX 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 XLDX?** The ISIN of XLDX is LU0411075376. An ISIN identifies one exact share class of a fund; XLDX is its ticker on the London Stock Exchange. The same share class is also listed as DBPE (Xetra, euros). **What does XLDX hold?** XLDX 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 XLDX’s returns in each of the last five years?** Calendar-year returns of XLDX in pounds (price, with income reinvested in the fund): 2022 −23.4%, 2023 +32.9%, 2024 +26.0%, 2025 +48.3%; 2026 to 13/11/2026 +7.6%. Past performance is not a guide to future returns. **How has XLDX done after inflation?** Over the five years to 13/11/2026 XLDX’s total return was +92.5%, or +50.3% 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/LU0411075376-levdax-daily-swap-ucits-etf-1c/) - 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.