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Xtrackers ShortDAX Daily Swap UCITS ETF 1C
Xtrackers. (SICAV domiciled in Luxembourg)
Key Information
Legal Documents

Fund Profile

Category: SICAV

The fund is passively managed. The aim is for your investment to reflect the performance of the ShortDAX® Index (index) which provides the opposite performance of the DAX® index (Underlying Index) plus a rate of interest. This means the level of the index should rise when the Underlying index falls and fall when the Underlying Index rises on a daily basis. The interest rate added to the index level is based on double the rate at which banks in the Eurozone lend to each other on an overnight basis (as calculated by the European Central Bank) earned on the short position. The Underlying Index reflects the performance of the shares of 30 of the largest and most actively traded German companies (from any business sector) on the Frankfurt Stock Exchange. To be included on the Underlying Index, a company’s readily available shares must be continuously traded and represent at least 10% of all readily available shares on the Stock Exchange. The Underlying Index is weighted in favour of larger companies and is reviewed and rebalanced at least quarterly. At each review, the combined value of a company’s readily available shares cannot exceed 10% of the combined value of the shares comprising the Underlying Index. The index is calculated on a gross total return basis which means that all dividends and distributions are reinvested in the shares on a gross basis. To achieve the aim, the fund will enter into financial contracts (derivatives) with one or more swap counterparties to swap most subscription proceeds for the return on the index. The currency of the fund is EUR. Returns and gains are not distributed but are reinvested in the fund. You may request the redemption of shares generally on a daily basis.

Morningstar Rating
More information about the calculation of the Morningstar Ratings
Risk and reward profile
Lower Risk
Possible Lower
Higher Risk
Possible Higher
Key Information
Closing Price 03/12/202112.15
Morningstar categoryTrading - Leveraged/Inverse Equity
Distribution statusAccumulating
Inception Date05/06/2007
Minimum initial amount-
Fees And Charges
Custody feeNone
Ongoing charge0.40% of which none is paid to MeDirect
Fund management company
AddressDWS Investment S.A. (ETF) 2, boulevard Konrad Adenauer 1115 Luxembourg Luxembourg L-1115 Luxembourg
Manager NameNot Disclosed
Manager Start Date05/06/2007
Total Net Assets (mil)374.73 EUR (30/11/2021)


en 30/09/2021
Annual Report
en 31/12/2020
Semi Annual Report
en 30/06/2021
Morningstar Report


Historical returns are no guarantee for future performances. Investing in Financial markets and securities involves risk. Past performance is not a guarantee of future results. Investment losses may occur and investors could lose some or all of their investment in the Fund.
Entry fees, purchase charges, custody fees, exit fees, sale charges and taxes are not included in the calculation of past performance. Ongoing charges (including management fees, administrative fees and other costs) have been taken in to account, as they are already included in the price/NAV of the fund.
The performance in euro can be lower or higher than the performance in the currency of denomination of the fund due to fluctuations in exchange rates.
Annualised performance in GBP
PeriodAnnualised returnDate
1 year-19.51%03/12/2021
3 years-15.50%03/12/2021
5 years-11.24%03/12/2021
10 years-13.09%03/12/2021
Since launch-03/12/2021
Cumulative performance in GBP
YTD 01/01/2021-16.62
1 month5.92
3 months3.02
6 months1.21
Quarterly Returns
Q 1Q 2Q 3Q 4


Asset Allocation
% Long% Short% Net Assets
Return/Risk Analysis
Risk Measurement1 Year3 Years5 Years
Standard Deviation
Sharpe Ratio
Sortino Ratio
Positive Months3.0012.0024.00
Negative Months9.0024.0036.00
Worst Month-8.44-13.56-13.56
World Regions
No Data Available
Stock Sector Weighting
No Data Available
Classification of Morningstar Category
Ranking1 Year2 Years3 Years5 Years
Top 25%
Category above the average
Category below the average
Bottom 25%
Morningstar Style Box
No Data Available
Closing Price
All key information and documents must be reviewed before being able to Invest.

© 2021 MeDirect Bank (Malta) plc. All rights reserved.
MeDirect Bank (Malta) plc, company registration number C34125, is licensed to undertake the business of banking in terms of the Banking Act (Cap. 371) and investment services under the Investment Services Act (Cap. 370). MeDirect Bank (Malta) plc is regulated by the Malta Financial Services Authority as a Credit Institution under the Banking Act 1994.