# Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C (XSPX) **Page:** https://fundology.uk/fund/xspx · ISIN LU0490618542 ## 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, XSPX (Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C, ISIN LU0490618542) closed at £115.30 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +76.2%, or +37.5% after UK CPIH inflation. ## Summary Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C is an exchange-traded fund (ETF) from Xtrackers, launched in 2010. It tracks the S&P 500 — about 500 of the largest companies listed 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 0.15% 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: **£115.30** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XSPX | | ISIN | LU0490618542 | | Also listed as | XSPU (London Stock Exchange, US dollars), D5BM (Xetra, euros) | | Category | US shares | | Type | ETF | | Provider | Xtrackers | | Tracks | S&P 500 | | Income | Accumulating | | Ongoing charge | 0.15% a year (£15 per £10,000) | | Fund size | £3.1bn | | 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 | +11.29% | +7.35% | income reinvested | | 3 years | +65.08% | +49.15% | income reinvested | | 5 years | +76.18% | +37.52% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund): 2022 −8.9%, 2023 +20.0%, 2024 +28.5%, 2025 +7.5%; 2026 to 13/11/2026 +13.1%. Returns of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +17.3%; to 30/09/2025: +17.8%; to 30/09/2024: +23.0%; to 30/09/2023: +9.1%; to 30/09/2022: +4.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -8.9% | -16.6% | Price | | 2023 | +20.0% | +15.2% | Price | | 2024 | +28.5% | +24.1% | Price | | 2025 | +7.5% | +3.9% | Price | | 2026 to 13/11/2026 | +13.1% | +9.5% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.91% | -6.88% | | 3 years | 12.87% | -18.85% | | 5 years | 13.55% | -18.85% | ## Largest fall Volatility of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C in pounds, annualised from weekly returns to 13/11/2026: 11.9% over 1 year, 12.9% over 3 years, 13.5% over 5 years. Largest fall in the price of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C since November 2021, in pounds: −18.9% from 17/01/2025 to 18/04/2025. The lowest 12-month return of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C in pounds (price, with income reinvested in the fund) since January 2021 was −8.9% (12 months to 30/12/2022); the highest was +33.4% (12 months to 25/10/2024). On 13/11/2026 the price of Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C was 3.3% 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 SWAP UCITS ETF Capitalisation 1C 0.15% a year. Compared on 14/11/2026, 152 of the 254 other US share funds charge more, 15 the same and 87 less (share classes counted once). ## Funds tracking the same index 48 funds track S&P 500, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.45% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core S&P 500 UCITS ETF Accum Shs USD | 0.04% | +13.0% | — | — | | Amundi Index Solutions - S&P 500 UCITS ETF | 0.15% | +11.0% | +64.7% | +75.5% | | Amundi Index Solutions - S&P 500 UCITS ETF Dist | 0.15% | +11.4% | +61.3% | — | | BNP PARIBAS EASY - S&P 500 II | 0.08% | +13.9% | — | — | | BNP Paribas Easy S&P 500 UCITS ETF Act. EUR HDG | 0.14% | +3.8% | +59.2% | +49.7% | | BNP Paribas Easy S&P 500 UCITS ETF Class C USD | 0.14% | +11.6% | +63.8% | +74.9% | | BNP Paribas Easy S&P 500 UCITS ETF Class H USD | 0.14% | +11.6% | +63.8% | +74.9% | | BNP Paribas Easy SICAV - S&P 500 II -UCITS ETF- Distribution | 0.08% | +11.7% | — | — | | Global X ETFs ICAV-Global X S&P 500Covered Call UCITS ETF USD | 0.45% | +13.0% | +13.4% | — | | HSBC ETFs PLC - HSBC S&P 500 UCITS ETF Accum USD | 0.09% | +11.2% | — | — | | HSBC S&P 500 UCITS ETF USD | 0.09% | +11.2% | +64.7% | +75.1% | | Invesco S&P 500 UCITS ETF | 0.05% | +11.4% | +65.5% | +76.9% | | Invesco S&P 500 UCITS ETF Dist | 0.05% | +12.0% | +65.6% | +78.0% | | Invesco S&P 500 UCITS ETF EUR Hedged Acc | 0.05% | +4.1% | +60.4% | +50.8% | | Invesco S&P 500 UCITS ETF Hedged GBP | 0.05% | +11.9% | +76.9% | — | | iShares Core S&P 500 UCITS ETF | 0.07% | +11.3% | +64.8% | +75.4% | | iShares Core S&P 500 UCITS ETF GBP Hedged Dist | 0.10% | +11.8% | +75.7% | +65.0% | | iShares Core S&P 500 UCITS ETF MXN Hedged (Acc) | 0.12% | +12.3% | +75.7% | +143.1% | | iShares Core S&P 500 UCITS ETF USD (Dist) | 0.07% | +11.3% | +64.8% | +75.3% | | iShares S&P 500 CHF Hedged UCITS ETF (Acc) | 0.20% | +1.3% | +55.0% | +55.9% | | iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 0.20% | +4.1% | +60.5% | +50.4% | | iShares S&P 500 GBP Hedged UCITS ETF (Acc) | 0.20% | +11.5% | +75.3% | +64.3% | | iShares S&P 500 Swap UCITS ETF AccumUSD | 0.05% | +11.4% | +65.6% | — | | iShares S&P 500 Swap UCITS ETF GBP Hedged (Dist) | 0.05% | +11.9% | — | — | | iShares S&P 500 Swap UCITS ETF USD | 0.05% | +11.4% | — | — | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap C-EUR | 0.05% | — | — | — | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap D USD | 0.05% | +11.4% | +65.5% | +76.7% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged D EUR | 0.07% | +4.2% | +61.1% | +51.7% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to CHF D | 0.07% | +1.5% | +56.2% | +58.0% | | Multi Units Luxembourg SICAV - Amundi Core S&P 500 Swap Daily Hedged to GBP D | 0.05% | +12.0% | +77.1% | +67.3% | | State Street SPDR S&P 500 UCITS ETF Accum shs - USD | 0.03% | +11.0% | — | — | | State Street SPDR S&P 500 UCITS ETF USD | 0.03% | +11.0% | +64.5% | +74.8% | | UBS (Irl) Fund Solutions PLC- UBS S&P 500 SF UCITS ETF Accum Shs USD | 0.19% | +8.7% | +59.9% | +68.0% | | UBS Core S&P 500 UCITS ETF -A- Hedged GBP | 0.06% | +12.0% | +77.5% | +66.4% | | UBS Core S&P 500 UCITS ETF Accum -A- Hedged CHF | 0.06% | +1.3% | +55.4% | +56.1% | | UBS Core S&P 500 UCITS ETF Accum -A- Hedged EUR | 0.06% | +4.2% | +61.0% | +50.8% | | UBS Core S&P 500 UCITS ETF AccumUSD | — | +13.9% | — | — | | UBS Core S&P 500 UCITS ETF Class -A- USD | 0.03% | +11.3% | +64.8% | +75.2% | | Vanguard S&P 500 UCITS ETF | 0.07% | +11.3% | +64.7% | +75.3% | | Vanguard S&P 500 UCITS ETF Acc | 0.07% | +11.3% | +64.7% | +75.3% | | Xtrackers S&P 500 Swap II UCITS ETF -1D- USD | 0.04% | +13.7% | — | — | | Xtrackers S&P 500 Swap UCITS ETF | 0.20% | +11.7% | +75.8% | — | | Xtrackers S&P 500 SWAP UCITS ETF Capitalisation 1C (this fund) | 0.15% | +11.3% | +65.1% | +76.2% | | Xtrackers S&P 500 Swap UCITS ETF Dist | 0.07% | +11.4% | — | — | | Xtrackers S&P 500 UCITS ETF | — | +11.3% | — | — | | Xtrackers S&P 500 UCITS ETF -4D- USD | 0.19% | +8.7% | — | — | | Xtrackers S&P 500 UCITS ETF Accum Shs -2C- Hedged GBP | 0.15% | +11.8% | +75.8% | +64.6% | | Xtrackers S&P 500 UCITS ETF EUR Hedged | 0.15% | +4.1% | +60.1% | +49.5% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.15%** 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 XSPX 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 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.17% | | 2 | Advanced Micro Devices | [AMD](https://fundology.uk/stock/AMD) | 3.76% | | 3 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 3.72% | | 4 | Intel | [INTC](https://fundology.uk/stock/INTC) | 3.41% | | 5 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.93% | | 6 | ASML | [ASML](https://fundology.uk/stock/ASML) | 2.91% | | 7 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 2.81% | | 8 | Palantir Technologies · Class A | [PLTR](https://fundology.uk/stock/PLTR) | 2.38% | | 9 | Alphabet · Class A | [GOOGL](https://fundology.uk/stock/GOOGL) | 2.24% | | 10 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.98% | The 307 holdings on record (of 353 reported): https://fundology.uk/fund/xspx/holdings ## Questions people ask **What is the ongoing charge of XSPX?** The ongoing charge of XSPX 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 S&P 500 SWAP UCITS ETF Capitalisation 1C 0.15% a year. Compared on 14/11/2026, 152 of the 254 other US share funds charge more, 15 the same and 87 less (share classes counted once). **What does XSPX track?** XSPX tracks the S&P 500 — about 500 of the largest companies listed in the US. **Is XSPX accumulating or distributing?** XSPX 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 XSPX?** The ISIN of XSPX is LU0490618542. An ISIN identifies one exact share class of a fund; XSPX is its ticker on the London Stock Exchange. The same share class is also listed as XSPU (London Stock Exchange, US dollars) and D5BM (Xetra, euros). **What does XSPX hold?** XSPX 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 XSPX’s returns in each of the last five years?** Calendar-year returns of XSPX in pounds (price, with income reinvested in the fund): 2022 −8.9%, 2023 +20.0%, 2024 +28.5%, 2025 +7.5%; 2026 to 13/11/2026 +13.1%. Past performance is not a guide to future returns. **How has XSPX done after inflation?** Over the five years to 13/11/2026 XSPX’s total return was +76.2%, or +37.5% 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/LU0490618542-s-p-500-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.