# Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C (XS2D) **Page:** https://fundology.uk/fund/xs2d · ISIN LU0411078552 ## 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, XS2D (Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C, ISIN LU0411078552) closed at $343.75 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 13/11/2026 its total return was +109.4%, or +63.5% after UK CPIH inflation. ## Summary Xtrackers S&P 500 2X LEVERAGED DAILY 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 0.6% a year — about £60 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: **$343.75** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XS2D | | ISIN | LU0411078552 | | Also listed as | DBPG (Xetra, euros) | | Category | Leveraged & inverse | | Type | ETF | | Provider | Xtrackers | | Tracks | S&P 500 2x Leveraged Daily Index - USD | | Income | Accumulating | | Ongoing charge | 0.60% a year (£60 per £10,000) | | Fund size | £452m | | 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 | +17.91% | +13.74% | income reinvested | | 3 years | +134.70% | +112.04% | income reinvested | | 5 years | +109.41% | +63.46% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −31.7%, 2023 +40.8%, 2024 +48.8%, 2025 +15.7%; 2026 to 13/11/2026 +18.1%. Returns of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +27.1%; to 30/09/2025: +27.9%; to 30/09/2024: +54.4%; to 30/09/2023: +18.2%; to 30/09/2022: −15.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -31.7% | -37.5% | Price | | 2023 | +40.8% | +35.2% | Price | | 2024 | +48.8% | +43.7% | Price | | 2025 | +15.7% | +11.7% | Price | | 2026 to 13/11/2026 | +18.1% | +14.3% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 22.18% | -14.71% | | 3 years | 24.92% | -32.61% | | 5 years | 27.44% | -36.13% | ## Largest fall Volatility of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 13/11/2026: 22.2% over 1 year, 24.9% over 3 years, 27.4% over 5 years. Largest fall in the price of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C since November 2021, in pounds: −36.1% from 31/12/2021 to 17/06/2022. The lowest 12-month return of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −31.7% (12 months to 30/12/2022); the highest was +75.3% (12 months to 25/10/2024). On 13/11/2026 the price of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C was 7.4% below its highest weekly close since November 2021 (09/10/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). ## Charges & eligibility - Ongoing charges figure (OCF): **0.60%** 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 XS2D 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 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 8.00% | | 2 | Mastercard · Class A | [MA](https://fundology.uk/stock/MA) | 7.25% | | 3 | Cadence Design Systems | [CDNS](https://fundology.uk/stock/CDNS) | 5.95% | | 4 | Veralto | [VLTO](https://fundology.uk/stock/VLTO) | 5.19% | | 5 | General Motors | [GM](https://fundology.uk/stock/GM) | 4.80% | | 6 | Liberty Live · Class C | — | 4.55% | | 7 | Bristol-Myers Squibb | [BMY](https://fundology.uk/stock/BMY) | 4.46% | | 8 | CoStar Group | [CSGP](https://fundology.uk/stock/CSGP) | 4.20% | | 9 | Regeneron Pharmaceuticals | [REGN](https://fundology.uk/stock/REGN) | 3.91% | | 10 | Liberty Global · Class A | [LBTYA](https://fundology.uk/stock/LBTYA) | 3.83% | The 35 holdings on record (of 36 reported): https://fundology.uk/fund/xs2d/holdings ## Questions people ask **What is the ongoing charge of XS2D?** The ongoing charge of XS2D is 0.60% a year — about £60 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 S&P 500 2X LEVERAGED DAILY UCITS ETF Capitalisation 1C 0.60% a year. Compared on 14/11/2026, 171 of the 210 other leveraged and inverse products charge more, 13 the same and 26 less (share classes counted once). **What does XS2D track?** XS2D tracks the S&P 500 2x Leveraged Daily Index - USD. **Is XS2D accumulating or distributing?** XS2D 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 XS2D?** The ISIN of XS2D is LU0411078552. An ISIN identifies one exact share class of a fund; XS2D is its ticker on the London Stock Exchange. The same share class is also listed as DBPG (Xetra, euros). **What does XS2D hold?** XS2D 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 XS2D’s returns in each of the last five years?** Calendar-year returns of XS2D in pounds (price, with income reinvested in the fund): 2022 −31.7%, 2023 +40.8%, 2024 +48.8%, 2025 +15.7%; 2026 to 13/11/2026 +18.1%. Past performance is not a guide to future returns. **How has XS2D done after inflation?** Over the five years to 13/11/2026 XS2D’s total return was +109.4%, or +63.5% 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/LU0411078552-s-p-500-2x-leveraged-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.