ETF · Xtrackers
XUST Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation
ISIN LU1920015796London Stock Exchange: XUSTDeutsche Bank AG
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$8.04
on
- Ongoing charge
- 0.07% a year
- Fund size
- £243m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, XUST (Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation, ISIN LU1920015796) closed at $8.04 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the three years to 30/09/2026 its total return was +1.5%, or −8.4% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- −0.4%
- −3.6% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +1.5%
- −8.4% after inflation (UK CPIH)
Returns: TradingView (delayed data). Inflation: ONS 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 II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund): 2023 −1.8%, 2024 +1.6%, 2025 −1.0%; 2026 to 30/09/2026 −1.1%. Returns of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.2%; to 30/09/2025: +1.9%; to 30/09/2024: +0.7%; to 30/09/2023: −11.1%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.1% | −3.8% | |
| −1.0% | −4.4% | ||
| +1.6% | −1.8% | ||
| −1.8% | −5.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −1.2% | Not available |
| from | +1.9% | −2.1% |
| from | +0.7% | −1.9% |
| from | −11.1% | −16.4% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
7.2%over 3 years
| 1 year | 6.4% |
|---|---|
| 3 years | 7.2% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since September 2022
- −13.9%
- From to
- Lowest 12-month return
- −11.1%
- 12 months to
- Highest 12-month return
- +7.5%
- 12 months to
- Below its highest weekly close since September 2022
- 9.9%
- High of , latest
In words: Volatility of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds, annualised from weekly returns to 30/09/2026: 6.4% over 1 year, 7.2% over 3 years. Largest fall in the price of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation since September 2022, in pounds: −13.9% from 30/09/2022 to 14/07/2023. The lowest 12-month return of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation in pounds (price, with income reinvested in the fund) since September 2022 was −11.1% (12 months to 29/09/2023); the highest was +7.5% (12 months to 26/06/2026). On 30/09/2026 the price of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation was 9.9% below its highest weekly close since September 2022 (30/09/2022), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 30 charge less
- 32 the same
- 212 charge more
Ongoing charge of Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Xtrackers II US Treasuries UCITS ETF Shs 1C Capitalisation is an exchange-traded fund (ETF) from Xtrackers, launched in 2021.
It tracks the iBoxx USD Treasuries.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% a year — about £7 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.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- XUST
- ISIN
- LU1920015796
- Provider
- Xtrackers
- Tracks
- iBoxx USD Treasuries
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £243m
- Launched
- Domicile
- Luxembourg
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- USD
- Category
- Government bonds
Price chart
Since 28/07/2026, the closing price went from $8.24 on 28/07/2026 to $8.04 on 30/09/2026 (−2.4%). The lowest close shown was $8.04 on 30/09/2026 and the highest $8.26 on 27/08/2026.
Chart: closing prices we have recorded since 28/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
9 weekly closes, from 28/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS 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
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Treasury Note | 72.61% |
| 2 | Treasury Bond | 21.38% |
| 3 | Wi Treasury Note | 0.91% |
| 4 | United States Treasury | 0.81% |
| 5 | Treasury NOTE/15.11.30 | 0.64% |
| 6 | Wi Treasury Bond | 0.62% |
| 7 | Treasury NOTE/15.02.28 | 0.43% |
| 8 | Treasury BOND/15.05.54 | 0.40% |
| 9 | Treasury BOND/15.11.55 | 0.40% |
| 10 | Treasury NOTE/31.10.28 | 0.39% |
Source: Xtrackers, holdings as published, as of , company pages by TradingView
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.
By country
- United States99.9%
- Ireland0.1%
By type of asset
- Bonds99.8%
- Equity0.1%
- Cash and money market0.1%
17 holdings are listed for this fund. All 17 holdings of XUST, with the full split by sector, country and type of asset.
More of the portfolio
The fund publishes 17 holdings; the ten largest make up 98.6% 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
Funds tracking the same index
4 funds track iBoxx USD Treasuries, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.10% a year (30/09/2026).
| Fund | 1 year | 5 years |
|---|---|---|
| Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year | −0.4% | −4.6% |
| Xtrackers II US Treasuries UCITS ETFDistributing · 0.10% a year | −5.5% | −15.4% |
| Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged | −1.6% | Not reported |
| Xtrackers II US Treasuries UCITS ETF Shs 1C CapitalisationThis fundAccumulating · 0.07% a year | −0.4% | Not reported |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
- Xtrackers II US Treasuries UCITS ETFDistributing · 0.07% a year · LU0429459356
- Xtrackers II US Treasuries UCITS ETFDistributing · 0.10% a year · LU1399300455
- Xtrackers II US Treasuries UCITS ETF 2C - GBP Hedged- CapitalisationAccumulating · Currency hedged · LU2610432036
Read more:Share classesAccumulating or incomeCurrency hedging
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 and 3 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 158 rolling 12-month returns since September 2022, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since September 2022, in pounds, with how many weeks it 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.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 30/09/2026 (146 weeks).
Pro
Pro — currently by invitation
Pro includes 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 XUST?
The ongoing charge of XUST is 0.07% a year — about £7 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 II US Treasuries UCITS ETF Shs 1C Capitalisation 0.07% a year, as of 01/10/2026: 212 of the 274 other government bond funds charge more, 32 the same and 30 less (share classes counted once).
What does XUST track?
XUST tracks the iBoxx USD Treasuries.
Is XUST accumulating or distributing?
XUST 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 XUST?
The ISIN of XUST is LU1920015796. An ISIN identifies one exact share class of a fund; XUST is its ticker on the London Stock Exchange.
What were XUST’s returns in each of the last five years?
Calendar-year returns of XUST in pounds (price, with income reinvested in the fund): 2023 −1.8%, 2024 +1.6%, 2025 −1.0%; 2026 to 30/09/2026 −1.1%. Past performance is not a guide to future returns.
How has XUST done after inflation?
Over the three years to 30/09/2026 XUST’s total return was +1.5%, or −8.4% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available)
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Holdings
- Xtrackers, as published,
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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