# Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C (XSD2)

**Source:** https://fundology.uk/fund/xsd2 · ISIN LU0411075020 · Data: TradingView (LSE closes and returns, delayed), issuer documents, 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 01/10/2026, XSD2 (Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C, ISIN LU0411075020) closed at £0.4224 on the London Stock Exchange. Its ongoing charge is 0.60% a year (about £60 on £10,000). Over the five years to 01/10/2026 its total return was −67.0%, or −74.2% after UK CPIH inflation.

## Summary

Xtrackers SHORTDAX X2 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: **£0.4224** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | XSD2 |
| ISIN | LU0411075020 |
| Category | Leveraged & inverse |
| Type | ETF |
| Provider | Xtrackers |
| Tracks | ShortDax x2 Index - EUR |
| Income | Accumulating |
| Ongoing charge | 0.60% a year (£60 per £10,000) |
| Fund size | £42.0m |
| Launched | 2010 |
| Domicile | Luxembourg |

## Past returns (periods to 01/10/2026)

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 | -12.69% | -15.43% | income reinvested |
| 3 years | -61.44% | -65.20% | income reinvested |
| 5 years | -66.98% | -74.19% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 +14.4%, 2023 −29.1%, 2024 −27.7%, 2025 −30.5%; 2026 to 01/10/2026 −8.2%. Returns of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −13.6%; to 30/09/2025: −29.6%; to 30/09/2024: −35.2%; to 30/09/2023: −38.7%; to 30/09/2022: +40.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | +14.4% | +4.7% | Price |
| 2023 | -29.1% | -31.9% | Price |
| 2024 | -27.7% | -30.1% | Price |
| 2025 | -30.5% | -32.9% | Price |
| 2026 to 01/10/2026 | -8.2% | -10.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 31.03% | -31.06% |
| 3 years | 31.15% | -68.14% |
| 5 years | 33.30% | -78.39% |

## Largest fall

Volatility of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 01/10/2026: 31.0% over 1 year, 31.2% over 3 years, 33.3% over 5 years. Largest fall in the price of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C since October 2021, in pounds: −78.4% from 30/09/2022 to 28/08/2026. The lowest 12-month return of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −45.5% (12 months to 08/08/2025); the highest was +38.4% (12 months to 23/09/2022). On 01/10/2026 the price of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C was 75.5% below its highest weekly close since October 2021 (30/09/2022), in pounds.

## Charges compared with similar funds

Ongoing charge of Xtrackers SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C 0.60% a year, as of 02/10/2026: 164 of the 258 other leveraged and inverse products charge more, 12 the same and 82 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.60%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Questions people ask

**What is the ongoing charge of XSD2?**

The ongoing charge of XSD2 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 SHORTDAX X2 DAILY UCITS ETF Capitalisation 1C 0.60% a year, as of 02/10/2026: 164 of the 258 other leveraged and inverse products charge more, 12 the same and 82 less (share classes counted once).

**What does XSD2 track?**

XSD2 tracks the ShortDax x2 Index - EUR.

**Is XSD2 accumulating or distributing?**

XSD2 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 XSD2?**

The ISIN of XSD2 is LU0411075020. An ISIN identifies one exact share class of a fund; XSD2 is its ticker on the London Stock Exchange.

**What were XSD2’s returns in each of the last five years?**

Calendar-year returns of XSD2 in pounds (price, with income reinvested in the fund): 2022 +14.4%, 2023 −29.1%, 2024 −27.7%, 2025 −30.5%; 2026 to 01/10/2026 −8.2%. Past performance is not a guide to future returns.

**How has XSD2 done after inflation?**

Over the five years to 01/10/2026 XSD2’s total return was −67.0%, or −74.2% 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.