# Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C (XMUS)

**Source:** https://fundology.uk/fund/xmus · ISIN LU0274210672 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Xtrackers), ONS CPIH, FCA FIRDS

## 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 02/10/2026, XMUS (Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C, ISIN LU0274210672) closed at £175.18 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 02/10/2026 its total return was +89.5%, or +48.2% after UK CPIH inflation.

## Summary

Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2007. It tracks the MSCI USA. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 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.

Latest close: **£175.18** (02/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XMUS |
| ISIN | LU0274210672 |
| Category | US shares |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI USA |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £3.2bn |
| Launched | 2007 |
| Domicile | Luxembourg |

## Past returns (periods to 02/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +17.50% | +13.81% | income reinvested |
| 3 years | +71.90% | +55.12% | income reinvested |
| 5 years | +89.54% | +48.17% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −10.5%, 2023 +20.7%, 2024 +27.9%, 2025 +8.9%; 2026 to 01/10/2026 +13.6%. Returns of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +18.3%; to 30/09/2025: +17.0%; to 30/09/2024: +22.9%; to 30/09/2023: +9.0%; to 30/09/2022: +0.5%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -10.5% | -18.0% | Price |
| 2023 | +20.7% | +15.9% | Price |
| 2024 | +27.9% | +23.6% | Price |
| 2025 | +8.9% | +5.2% | Price |
| 2026 to 01/10/2026 | +13.6% | +10.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 12.24% | -7.35% |
| 3 years | 13.19% | -19.18% |
| 5 years | 13.79% | -19.18% |

## Largest fall

Volatility of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 01/10/2026: 12.2% over 1 year, 13.2% over 3 years, 13.8% over 5 years. Largest fall in the price of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C since October 2021, in pounds: −19.2% from 17/01/2025 to 18/04/2025. The lowest 12-month return of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −10.5% (12 months to 30/12/2022); the highest was +34.1% (12 months to 22/11/2024). On 01/10/2026 the price of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C was 0.9% below its highest weekly close since October 2021 (25/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C 0.15% a year, as of 02/10/2026: 119 of the 208 other US share funds charge more, 13 the same and 76 less (share classes counted once).

## Funds tracking the same index

18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI USA UCITS ETF USD | 0.03% | +16.8% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — |
| BNP PARIBAS EASY I MSCI USA UCITS ETF AccumCAP USD | — | — | — | — |
| Deka MSCI USA UCITS ETF | 0.30% | +16.4% | +65.8% | +81.6% |
| Invesco MSCI USA UCITS ETF Acc | 0.05% | +17.3% | +71.4% | +88.2% |
| Invesco MSCI USA UCITS ETF USD | 0.05% | +17.2% | +71.2% | +88.0% |
| iShares MSCI USA Swap UCITS ETF AccumUSD | 0.07% | +16.8% | +24.9% | — |
| iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +12.0% | — | — |
| iShares MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.4% |
| UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +18.0% | +66.2% | +83.0% |
| UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.06% | +17.2% | — | +86.6% |
| UBS Core MSCI USA UCITS ETF Class -A- USD | 0.06% | +17.6% | +70.5% | +87.3% |
| UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +16.9% | +69.4% | +84.4% |
| Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — |
| Xtrackers MSCI USA Swap UCITS ETF | 0.07% | +17.6% | +25.5% | — |
| Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C (this fund) | 0.15% | +16.7% | +68.3% | +85.5% |
| Xtrackers MSCI USA UCITS ETF | 0.07% | +16.7% | +68.0% | +84.7% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 01/10/2026, XMUS holds 235 positions, according to the holdings Xtrackers publishes. The largest is NVIDIA at 7.51% of the fund; the ten largest make up 40.2%.

### Top holdings

Largest positions (as of 01/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.51% |
| 2 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 5.53% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 5.28% |
| 4 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 5.12% |
| 5 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 3.85% |
| 6 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 2.93% |
| 7 | Eli Lilly and | [LLY](https://fundology.uk/stock/LLY) | 2.84% |
| 8 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 2.84% |
| 9 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.22% |
| 10 | Salesforce | [CRM](https://fundology.uk/stock/CRM) | 2.11% |

Source: Xtrackers, holdings as published, as of 01/10/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Sector | Weight |
|---|---|
| Information Technology | 47.0% |
| Consumer Discretionary | 11.6% |
| Health Care | 9.5% |
| Communication Services | 8.8% |
| Financials | 7.1% |
| Industrials | 4.4% |
| Consumer Staples | 3.7% |
| Materials | 3.1% |
| Other sectors | 4.8% |

### By country

Added up from the holdings Xtrackers publishes, as of 01/10/2026.

| Country | Weight |
|---|---|
| United States | 91.0% |
| Germany | 2.2% |
| Ireland | 1.5% |
| Canada | 0.8% |
| Switzerland | 0.8% |
| South Korea | 0.8% |
| Brazil | 0.6% |
| Israel | 0.5% |
| Other countries | 1.8% |

All 235 holdings: https://fundology.uk/fund/xmus/holdings

## Questions people ask

**What is the ongoing charge of XMUS?**

The ongoing charge of XMUS is 0.15% a year — about £15 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 MSCI USA SWAP UCITS ETF Capitalisation 1C 0.15% a year, as of 02/10/2026: 119 of the 208 other US share funds charge more, 13 the same and 76 less (share classes counted once).

**What does XMUS track?**

XMUS tracks the MSCI USA.

**Is XMUS accumulating or distributing?**

XMUS 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 XMUS?**

The ISIN of XMUS is LU0274210672. An ISIN identifies one exact share class of a fund; XMUS is its ticker on the London Stock Exchange.

**What does XMUS hold?**

As of 01/10/2026, XMUS holds 235 positions, according to the holdings Xtrackers publishes. The largest is NVIDIA at 7.51% of the fund; the ten largest make up 40.2%. Its ten largest holdings are NVIDIA (7.51%), Amazon (5.53%), Microsoft (5.28%), Apple (5.12%), Alphabet · Class A (3.85%), Micron Technology (2.93%), Eli Lilly and (2.84%), Tesla (2.84%), Advanced Micro Devices (2.22%) and Salesforce (2.11%).

**What were XMUS’s returns in each of the last five years?**

Calendar-year returns of XMUS in pounds (price, with income reinvested in the fund): 2022 −10.5%, 2023 +20.7%, 2024 +27.9%, 2025 +8.9%; 2026 to 01/10/2026 +13.6%. Past performance is not a guide to future returns.

**How has XMUS done after inflation?**

Over the five years to 02/10/2026 XMUS’s total return was +89.5%, or +48.2% after UK CPIH inflation. Past performance is not a guide to future returns.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.