# Xtrackers MSCI USA Swap UCITS ETF (XUSW) **Source:** https://fundology.uk/fund/xusw · ISIN LU2581375073 · 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 30/09/2026, XUSW (Xtrackers MSCI USA Swap UCITS ETF, ISIN LU2581375073) closed at £105.79 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 +25.4%, or +13.2% after UK CPIH inflation. ## Summary Xtrackers MSCI USA Swap UCITS ETF is an exchange-traded fund (ETF) from Xtrackers, launched in 2023. It tracks the MSCI USA. 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 paid out to holders as cash, usually a few times a year. Latest close: **£105.79** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | XUSW | | ISIN | LU2581375073 | | Category | US shares | | Type | ETF | | Provider | Xtrackers | | Tracks | MSCI USA | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £1.9bn | | Launched | 2023 | | Domicile | Luxembourg | ## Past returns (periods to 30/09/2026) 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 | +17.66% | +13.97% | income reinvested | | 3 years | +25.42% | +13.18% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Xtrackers MSCI USA Swap UCITS ETF in pounds (price only, income paid out not included): 2024 +26.4%, 2025 +8.0%; 2026 to 30/09/2026 +13.6%. Returns of Xtrackers MSCI USA Swap UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +17.4%; to 30/09/2025: +15.8%; to 30/09/2024: +21.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2024 | +26.4% | +22.1% | Price | | 2025 | +8.0% | +4.3% | Price | | 2026 to 30/09/2026 | +13.6% | +10.4% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 11.66% | -7.71% | | 3 years | 13.07% | -19.36% | ## Largest fall Volatility of Xtrackers MSCI USA Swap UCITS ETF in pounds, annualised from weekly returns to 30/09/2026: 11.7% over 1 year, 13.1% over 3 years. Largest fall in the price of Xtrackers MSCI USA Swap UCITS ETF since March 2023, in pounds: −19.4% from 17/01/2025 to 18/04/2025. The lowest 12-month return of Xtrackers MSCI USA Swap UCITS ETF in pounds (price only, income paid out not included) since March 2023 was −2.8% (12 months to 11/04/2025); the highest was +32.6% (12 months to 22/11/2024). On 30/09/2026 the price of Xtrackers MSCI USA Swap UCITS ETF was 0.3% below its highest weekly close since March 2023 (25/09/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Xtrackers MSCI USA Swap UCITS ETF 0.07% a year, as of 01/10/2026: 165 of the 210 other US share funds charge more, 16 the same and 29 less (share classes counted once). ## Funds tracking the same index 18 funds track MSCI USA, this one included and share classes counted once; their ongoing charges range from 0.03% to 0.30% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Amundi Core MSCI USA UCITS ETF USD | 0.03% | +17.6% | — | — | | Amundi Index Solutions SICAV - Amundi Core MSCI USA Swap Capitalisation -UCITS ETF A- | 0.05% | — | — | — | | BNP PARIBAS EASY I MSCI USA UCITS ETF AccumCAP USD | — | — | — | — | | Deka MSCI USA UCITS ETF | 0.30% | — | +58.5% | +75.8% | | Invesco MSCI USA UCITS ETF Acc | 0.05% | +17.5% | +66.4% | +82.7% | | Invesco MSCI USA UCITS ETF USD | 0.05% | +17.4% | +66.3% | +82.5% | | iShares MSCI USA Swap UCITS ETF AccumUSD | 0.07% | +17.7% | +25.5% | — | | iShares MSCI USA Swap UCITS ETF Hedged GBP | 0.05% | +12.2% | — | — | | iShares MSCI USA UCITS ETF | 0.07% | +17.6% | +70.4% | +87.1% | | UBS (Irl) Fund Solutions PLC - UBS MSCI USA SF UCITS ETF Accum Shs USD | 0.15% | +17.3% | +65.6% | +81.1% | | UBS Core MSCI USA UCITS ETF Accum -A- USD | 0.06% | +17.2% | — | +85.3% | | UBS Core MSCI USA UCITS ETF Class -A- USD | 0.06% | +17.6% | +70.5% | +87.3% | | UBS ETF SICAV - UBS ETF - MSCI USA UCITS ETF A Distribution | 0.14% | +16.9% | +69.1% | +83.1% | | Xtrackers (IE) plc - Xtrackers MSCI USA Swap II UCITS ETF Accum-1C- USD | 0.04% | — | — | — | | Xtrackers MSCI USA Swap II UCITS ETF -1D- USD | 0.04% | — | — | — | | Xtrackers MSCI USA Swap UCITS ETF (this fund) | 0.07% | +17.7% | +25.4% | — | | Xtrackers MSCI USA SWAP UCITS ETF Capitalisation 1C | 0.15% | +17.5% | +70.7% | +88.1% | | Xtrackers MSCI USA UCITS ETF | 0.07% | +17.6% | +70.3% | +85.5% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 01/10/2026): | Holding | Weight | |---|---| | NVIDIA | 7.51% | | Amazon | 5.53% | | Microsoft | 5.28% | | Apple | 5.12% | | Alphabet · Class A | 3.85% | | Micron Technology | 2.93% | | Eli Lilly and | 2.84% | | Tesla | 2.84% | | Advanced Micro Devices | 2.22% | | Salesforce | 2.11% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Sector | Weight | |---|---| | Information Technology | 47.0% | | Consumer Discretionary | 11.6% | | Health Care | 9.5% | | Communication Services | 8.8% | | Financials | 7.1% | | Industrials | 4.4% | | Consumer Staples | 3.7% | | Materials | 3.1% | | Other sectors | 4.9% | ### By country Added up from the holdings Xtrackers publishes, as of 01/10/2026. | Country | Weight | |---|---| | United States | 91.0% | | Germany | 2.2% | | Ireland | 1.5% | | Canada | 0.8% | | Switzerland | 0.8% | | South Korea | 0.8% | | Brazil | 0.6% | | Israel | 0.5% | | Other countries | 1.9% | All 235 holdings: https://fundology.uk/fund/xusw/holdings --- 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.