# Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C (XMWD)

**Page:** https://fundology.uk/fund/xmwd · ISIN LU0274208692

## 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, XMWD (Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C, ISIN LU0274208692) closed at $154.21 on the London Stock Exchange. Its ongoing charge is 0.45% a year (about £45 on £10,000). Over the five years to 13/11/2026 its total return was +65.5%, or +29.2% after UK CPIH inflation.

## Summary

Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2006. It tracks the MSCI World Index — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.45% a year — about £45 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: **$154.21** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XMWD |
| ISIN | LU0274208692 |
| Also listed as | DBXW (Xetra, euros) |
| Category | Global shares |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | MSCI World Index |
| Income | Accumulating |
| Ongoing charge | 0.45% a year (£45 per £10,000) |
| Fund size | £4.5bn |
| Launched | 2006 |
| 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 | +11.71% | +7.76% | income reinvested |
| 3 years | +61.71% | +46.10% | income reinvested |
| 5 years | +65.53% | +29.21% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −8.4%, 2023 +17.5%, 2024 +21.7%, 2025 +11.3%; 2026 to 13/11/2026 +11.9%. Returns of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +16.0%; to 30/09/2025: +17.8%; to 30/09/2024: +20.7%; to 30/09/2023: +8.5%; to 30/09/2022: +0.3%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.4% | -16.1% | Price |
| 2023 | +17.5% | +12.9% | Price |
| 2024 | +21.7% | +17.6% | Price |
| 2025 | +11.3% | +7.5% | Price |
| 2026 to 13/11/2026 | +11.9% | +8.3% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 10.61% | -6.36% |
| 3 years | 11.79% | -16.81% |
| 5 years | 12.66% | -16.81% |

## Largest fall

Volatility of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 13/11/2026: 10.6% over 1 year, 11.8% over 3 years, 12.7% over 5 years. Largest fall in the price of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C since November 2021, in pounds: −16.8% from 24/01/2025 to 04/04/2025. The lowest 12-month return of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −8.7% (12 months to 16/12/2022); the highest was +32.4% (12 months to 17/04/2026). On 13/11/2026 the price of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C was 2.4% below its highest weekly close since November 2021 (09/10/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C 0.45% a year. Compared on 14/11/2026, 30 of the 207 other global share funds charge more, 6 the same and 171 less (share classes counted once).

## Funds tracking the same index

32 funds track MSCI World Index, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.50% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Amundi Core MSCI World UCITS ETF Accum 2 USD | 0.07% | — | — | — |
| Amundi Core MSCI World UCITS ETF Accum USD | 0.13% | +10.8% | — | — |
| Amundi Index Solutions SICAV - Amundi Core MSCI World Swap UCITS ETF D- | 0.20% | +10.9% | +62.1% | — |
| Amundi MSCI World Swap -UCITS ETF- Capitalisation | 0.38% | +11.5% | +60.7% | +64.3% |
| Amundi MSCI World Swap II UCITS ETF Act -Dist- | 0.30% | +10.7% | +60.9% | +65.9% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to EUR - Dist- | 0.30% | +4.9% | +56.7% | +51.6% |
| Amundi MSCI World Swap II UCITS ETF Act -Monthly Hedged to USD - Dist- | 0.30% | +12.5% | +60.2% | +75.8% |
| BNP Paribas Easy ICAV - BNP Paribas Easy MSCI World UCITS ETF Accum-CAP- USD | 0.10% | +11.5% | — | — |
| HSBC MSCI WORLD UCITS ETF | 0.15% | +11.3% | — | — |
| HSBC MSCI World UCITS ETF USD | 0.15% | +11.3% | +62.3% | +66.6% |
| Invesco Markets PLC - Invesco MSCI World UCITS ETF USD | 0.05% | — | — | — |
| Invesco MSCI World UCITS ETF | 0.05% | +11.4% | +62.4% | +66.6% |
| iShares Core MSCI World UCITS ETF | 0.20% | +11.3% | +62.1% | +66.2% |
| iShares Core MSCI World UCITS ETF Hedged (Dist) | 0.30% | +5.4% | +59.3% | +51.4% |
| iShares Core MSCI World UCITS ETF Hedged GBP | 0.30% | +13.1% | +74.3% | +66.3% |
| iShares III PLC - iShares Core MSCI World UCITS ETF USD | 0.20% | +11.3% | — | — |
| Ishares Msci World Swap Ucits Etf | 0.12% | +11.5% | — | — |
| iShares MSCI World UCITS ETF USD (Dist) | 0.50% | +10.9% | +60.6% | +63.7% |
| iShares VI PLC - iShares MSCI World Swap UCITS ETF AccumHedged GBP | 0.13% | +12.8% | — | — |
| State Street SPDR MSCI World UCITS ETF - USD | 0.12% | — | — | — |
| State Street SPDR MSCI World UCITS ETF Accum Shs USD | 0.12% | +10.9% | +62.2% | +66.8% |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF A- Hedged GBP | 0.09% | +13.3% | — | — |
| UBS (Irl) ETF PLC - UBS Core MSCI World UCITS ETF Accum A Hedged GBP | 0.09% | — | — | — |
| UBS (Lux) Fund Solutions SICAV - UBS MSCI World UCITS ETF -USD dis- Distribution | 0.30% | +10.7% | +60.6% | +63.7% |
| UBS Core MSCI World UCITS ETF Accum Shs -A- USD | 0.06% | +11.4% | +62.7% | +66.2% |
| UBS Core MSCI World UCITS ETF Class -A- USD | 0.06% | +11.4% | +62.7% | +66.2% |
| Xtrackers MSCI World Swap UCITS ETF | 0.19% | +11.4% | +62.8% | — |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 1C (this fund) | 0.45% | +11.7% | +61.7% | +65.5% |
| Xtrackers MSCI WORLD SWAP UCITS ETF Capitalisation 4C | 0.39% | +5.4% | +59.7% | +52.0% |
| Xtrackers MSCI World UCITS ETF | 0.12% | +11.3% | +62.2% | +66.2% |
| Xtrackers MSCI World UCITS ETF Dist | 0.12% | +11.3% | +62.4% | +66.5% |
| Xtrackers MSCI World UCITS ETF GBP Hedged Dist | 0.14% | +13.3% | +75.2% | +67.0% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.45%** 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

XMWD 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) | 8.14% |
| 2 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 7.28% |
| 3 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 4.05% |
| 4 | Procter & Gamble | [PG](https://fundology.uk/stock/PG) | 3.56% |
| 5 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 2.97% |
| 6 | Walmart | [WMT](https://fundology.uk/stock/WMT) | 2.73% |
| 7 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.65% |
| 8 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 2.45% |
| 9 | Palantir Technologies · Class A | [PLTR](https://fundology.uk/stock/PLTR) | 2.36% |
| 10 | Berkshire Hathaway · Class B | [BRK.B](https://fundology.uk/stock/BRK.B) | 2.20% |

The 366 holdings on record (of 452 reported): https://fundology.uk/fund/xmwd/holdings

## Questions people ask

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

The ongoing charge of XMWD is 0.45% a year — about £45 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 WORLD SWAP UCITS ETF Capitalisation 1C 0.45% a year. Compared on 14/11/2026, 30 of the 207 other global share funds charge more, 6 the same and 171 less (share classes counted once).

**What does XMWD track?**

XMWD tracks the MSCI World Index — about 1,300 large and medium-sized companies in 23 developed countries, around 70% of it in the US.

**Is XMWD accumulating or distributing?**

XMWD 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 XMWD?**

The ISIN of XMWD is LU0274208692. An ISIN identifies one exact share class of a fund; XMWD is its ticker on the London Stock Exchange. The same share class is also listed as DBXW (Xetra, euros).

**What does XMWD hold?**

XMWD 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 XMWD’s returns in each of the last five years?**

Calendar-year returns of XMWD in pounds (price, with income reinvested in the fund): 2022 −8.4%, 2023 +17.5%, 2024 +21.7%, 2025 +11.3%; 2026 to 13/11/2026 +11.9%. Past performance is not a guide to future returns.

**How has XMWD done after inflation?**

Over the five years to 13/11/2026 XMWD’s total return was +65.5%, or +29.2% 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/LU0274208692-msci-world-swap-ucits-etf-1c/)
- Links checked 12/10/2026.

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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.