ETF · Xtrackers
XUEK Xtrackers S&P Europe ex UK UCITS ETF
ISIN IE00BGV5VM45London Stock Exchange: XUEKDeutsche Bank AG
- European shares
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£76.56
on
- Ongoing charge
- 0.09% a year
- Fund size
- £443m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, XUEK (Xtrackers S&P Europe ex UK UCITS ETF, ISIN IE00BGV5VM45) closed at £76.56 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 13/11/2026 its total return was +50.6%, or +17.6% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +10.7%
- +6.8% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +54.2%
- +39.3% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +50.6%
- +17.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,506 on 13/11/2026 — about £1,176 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Xtrackers S&P Europe ex UK UCITS ETF in pounds (price only, income paid out not included): 2022 −11.7%, 2023 +12.4%, 2024 +0.3%, 2025 +24.3%; 2026 to 13/11/2026 +5.9%. Returns of Xtrackers S&P Europe ex UK UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +8.9%; to 30/09/2025: +13.4%; to 30/09/2024: +13.8%; to 30/09/2023: +16.2%; to 30/09/2022: −15.7%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +5.9% | +2.5% | |
| to | +24.3% | +20.0% | |
| to | +0.3% | −3.1% | |
| +12.4% | +7.9% | ||
| −11.7% | −19.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +8.9% | +5.1% |
| from | +13.4% | +9.0% |
| from | +13.8% | +10.9% |
| from | +16.2% | +9.2% |
| from | −15.7% | −22.5% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
14.7%over 5 years
| 1 year | 13.8% |
|---|---|
| 3 years | 12.9% |
| 5 years | 14.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −21.2%
- From to
- Lowest 12-month return
- −17.6%
- 12 months to
- Highest 12-month return
- +24.6%
- 12 months to
- Below its highest weekly close since November 2021
- 4.1%
- High of , latest
In words: Volatility of Xtrackers S&P Europe ex UK UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.8% over 1 year, 12.9% over 3 years, 14.7% over 5 years. Largest fall in the price of Xtrackers S&P Europe ex UK UCITS ETF since November 2021, in pounds: −21.2% from 19/11/2021 to 14/10/2022. The lowest 12-month return of Xtrackers S&P Europe ex UK UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −17.6% (12 months to 14/10/2022); the highest was +24.6% (12 months to 19/12/2025). On 13/11/2026 the price of Xtrackers S&P Europe ex UK UCITS ETF was 4.1% below its highest weekly close since November 2021 (07/08/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.09%
- a year
- On £10,000
- £9
- a year, roughly
- Over five years
- £45
- of £10,000, before growth
- 12 charge less
- 6 the same
- 224 charge more
Ongoing charge of Xtrackers S&P Europe ex UK UCITS ETF 0.09% a year. Compared on 14/11/2026, 224 of the 242 other European share funds charge more, 6 the same and 12 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers S&P Europe ex UK UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2019.
It tracks the S&P Europe x United Kingdom LargeMidCap.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.09% a year — about £9 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
European shares: Companies across Europe. Some funds include the UK and some leave it out — the fund name says which.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- XUEK
- ISIN
- IE00BGV5VM45
- Provider
- Xtrackers
- Tracks
- S&P Europe x United Kingdom LargeMidCap
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid quarterly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.09% a year · about £9 on £10,000
- Fund size
- £443m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- European shares
Price chart
Over the last year, the closing price went from £70.78 on 14/11/2025 to £76.56 on 13/11/2026 (+8.2%). The lowest close shown was £68.26 on 20/03/2026 and the highest £79.85 on 07/08/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 306
- 309 reported in all
- Ten largest
- 25.1%
- of the whole fund
- Effective number of holdings
- 84
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.5%
- ASML
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | ASMLASMLInformation TechnologyNetherlands | 5.51% |
| 2 | RocheROHealth CareSwitzerland | 3.20% |
| 3 | NovartisNOVNHealth CareSwitzerland | 2.76% |
| 4 | NestleNESNConsumer StaplesSwitzerland | 2.50% |
| 5 | SAPSAPInformation TechnologyGermany | 2.25% |
| 6 | SiemensSIEIndustrialsGermany | 2.10% |
| 7 | AllianzALVFinancialsGermany | 1.86% |
| 8 | Banco SantanderSANFinancialsSpain | 1.72% |
| 9 | TotalEnergiesTTEEnergyFrance | 1.70% |
| 10 | IberdrolaIBEUtilitiesSpain | 1.45% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By sector
- Financials25.6%
- Industrials19.3%
- Health Care14.0%
- Information Technology10.9%
- Consumer Staples6.8%
- Consumer Discretionary6.4%
- Utilities5.0%
- Materials4.6%
- Other sectors7.3%
- Not classified0.2%
By country
- Switzerland19.0%
- France17.8%
- Germany17.4%
- Netherlands10.1%
- Spain7.4%
- Italy6.8%
- Sweden6.7%
- Denmark3.4%
- Other countries11.3%
- Not classified0.2%
By type of asset
- Equity99.8%
- Cash and money market0.2%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
More of the portfolio
The fund publishes 309 holdings; the ten largest make up 25.1% of it. The fund's portfolio is also split by currency.
Create a free account to see the full holdings list and the currency, maturity and credit-quality breakdowns
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 254 rolling 12-month returns since January 2021, and of 150 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Rank among similar funds
Rank by total return over 1, 3 and 5 years among up to 210 European share funds, not currency-hedged, highest first.
ProMoves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI Europe UCITS ETF EUR (Acc), over the three years to 13/11/2026 (129 weeks).
Pro
Pro — currently by invitation
Pro includes the rank among similar funds and moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of XUEK?
The ongoing charge of XUEK is 0.09% a year — about £9 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 Europe ex UK UCITS ETF 0.09% a year. Compared on 14/11/2026, 224 of the 242 other European share funds charge more, 6 the same and 12 less (share classes counted once).
What does XUEK track?
XUEK tracks the S&P Europe x United Kingdom LargeMidCap.
Is XUEK accumulating or distributing?
XUEK is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.
What is the ISIN of XUEK?
The ISIN of XUEK is IE00BGV5VM45. An ISIN identifies one exact share class of a fund; XUEK is its ticker on the London Stock Exchange.
What does XUEK hold?
As of 15/11/2026, XUEK holds 309 positions, according to its published holdings. The largest is ASML at 5.51% of the fund; the ten largest make up 25.1%. Its ten largest holdings are ASML (5.51%), Roche (3.20%), Novartis (2.76%), Nestle (2.50%), SAP (2.25%), Siemens (2.10%), Allianz (1.86%), Banco Santander (1.72%), TotalEnergies (1.70%) and Iberdrola (1.45%).
What were XUEK’s returns in each of the last five years?
Calendar-year returns of XUEK in pounds (price only, income paid out not included): 2022 −11.7%, 2023 +12.4%, 2024 +0.3%, 2025 +24.3%; 2026 to 13/11/2026 +5.9%. Past performance is not a guide to future returns.
How has XUEK done after inflation?
Over the five years to 13/11/2026 XUEK’s total return was +50.6%, or +17.6% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
- MEUDAmundi Core Stoxx Europe 600 -UCITS ETF Acc- Capitalisation0.07% a year · £19bn
- SMEAiShares Core MSCI Europe UCITS ETF EUR (Acc)0.12% a year · £14bn
- IMEUiShares Core MSCI Europe UCITS ETF0.12% a year · £9.2bn
- 0MLJiShares Core EURO STOXX 50 UCITS ETF (DE)0.11% a year · £8.3bn
- 0MLDiShares STOXX Europe 600 UCITS ETF0.20% a year · £8.2bn
- 0MLHiShares Core DAX UCITS ETF (DE)0.16% a year · £7.5bn
- XMEUXtrackers MSCI EUROPE UCITS ETF Capitalisation 1C0.13% a year · £6.9bn
- CS51iShares Core EURO STOXX 50 UCITS ETF0.10% a year · £6.5bn
Fund documents and methods
- Fund documents
- Fund page at Xtrackers (DWS) (links checked )
Methodology:ReturnsCategoriesAll methods
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