Xetra
12.20.08
Riskitaso
4/7
Morningstar rating
0 stars
Vastuullisuus (SFDR)
6
Xtrackers S&P 500 UCITS ETF 1C EUR Hedged
(XDPE)Xtrackers S&P 500 UCITS ETF 1C EUR Hedged
(XDPE)95,350 EUR−0,53%(−0,51)
Osta95,300
Myy95,330
Spreadi %0,04%
Vaihto (EUR)66 647
Juoksevat kulut0,20%
12.20.08
Xtrackers S&P 500 UCITS ETF 1C EUR Hedged
(XDPE)Xtrackers S&P 500 UCITS ETF 1C EUR Hedged
(XDPE)Tarjoustasot
Määrä
Osto
289
Myynti
Määrä
132
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut0,20%
- OmaisuusluokkaOsake
- KategoriaMuut osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Fund is to track the performance before fees and expenses of the Underlying Asset, which is the S&P 500 Index (the “Reference Index”). The Reference Index is designed to reflect the performance of shares of 500 companies representing all major US industries.
Vastaavan tyyppisiä ETF:iä
Omistukset
Päivitetty 30.9.2025Jakauma
- Osakkeet100%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
·15.7.Since Trump took office, hedging against the dollar's decline has been a really good thing. It will probably continue as long as the man continues to erode the value of the dollar due to his irresponsible economic policies. When Trump is kicked out of the White House and someone hopefully more responsible comes to power, the dollar will probably strengthen. Then you should consider replacing the index with one without a hedge. The hard part will be finding the right time... Does anyone have any experience to share about this issue?
19.9.Sorry for a long answer! 😅 But this is a good question. There was an article in Bloomberg News yesterday about the somewhat counterintuitive fact that the US stock market and even dollar bonds have done so well after the April lows, but the dollar itself hasn't recovered. They referred to statistics which show that foreign investors, especially institutional ones like pension funds, have not at all abandoned US assets, they just have increased currency hedging a lot. They have only lost faith in dollar, not dollar assets. For instance, Trump’s recent moves to erode Fed’s independence are bad for the dollar and possibly for long bonds, but good for short bonds and US large stocks, and very good for US small stocks which generally have more debt than blue chips. (Though the latter are most likely also the ones that suffer most from the increased tariffs and more complicated trade bureaucracy and trade regulation – due to the guy who promised to cut red tape 🙄 – so these conflicting effects balance each other somewhat.) So it currently seems to make sense to hedge dollar exposure with derivatives or simply shorting the same or partial amount of dollars while being equally long euro or whatever one’s currency is. And when a lot of investors do this, it reinforces returns for a time; US assets receive capital flows and grow in value, but the currency itself sees downward pressure, and the strategy works even better. At least for a while; as you well realized there will be a time when it won't work, but no one knows when. Recent events are also reducing hedging costs, i.e. the market price for removing currency risk. Namely ECB seems to have stopped interest rate cuts for now since the average euro area inflation has been almost exactly at the 2% target for a while, but at the same time the Fed is cutting (!) rates when their inflation is almost a half faster at 2.9%. (The latter cuts will of course drag it up, but they are now more worried about increasing layoffs and plateaued payrolls due to tariff uncertainty and costs – and maybe Trump's political pressure also.) Hedging costs roughly follow short term interest rate differentials; for instance now they stand at about 2% p.a. for hedging dollar exposure for euro investors, since dollar short term rate is about 4% and the euro rate about 2%, so shorting dollars and buying euros costs about 2% per year due to negative carry. If Fed cuts to say 3%, the cost drops to 1% and it makes even more sense to hedge for euro investors, since the cost is halved. Nothing above is investment advice, just my understanding of the situation and the Bloomberg article 🤔 You also asked about experience. I bought a small amount of this a little over ten years ago, and it has returned about +190%, which is really good – but investing to eg. SXR8, ie. to S&P500 without hedging and slightly lower running costs, would have returned something like +270% if I had put the same amounts in it on the same dates. So it has produced (100% + 270%) / (100% + 190%) - 100% = +27,6% better return, which is about +2,47% per annum. Thus I would have done even better had I not hedged that investment. But USD is now actually -5% weaker than then, so based on just that, the non-hedged version should have returned -5% less than this (about -0,5% annualized), not +27,6% / 2,47% p.a. more, so I was indeed right about the currency. Even when adjusting for the 0,13% bigger running costs of this ETF, I should have got +3,7% total and +0,37% p.a. over SRX8; but this doesn't account for the hedging costs, which can be inferred to have been something like -2,84% per annum on average during that period, since a +0,37% yearly tailwind has turned to -2,47% drag for the hedged ETF. These are not exact values and only tell about history and not the future, but the point is that even if you are right about the currency and the dollar just weakens and weakens (against the Swiss franc it has done so rather consistently for over 50 years! 🙄), you have to take account hedging costs if you own the investment for a relatively long time like 10+ years! 😐
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut0,20%
- OmaisuusluokkaOsake
- KategoriaMuut osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Fund is to track the performance before fees and expenses of the Underlying Asset, which is the S&P 500 Index (the “Reference Index”). The Reference Index is designed to reflect the performance of shares of 500 companies representing all major US industries.
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Tarjoustasot
Määrä
Osto
289
Myynti
Määrä
132
Omistukset
Päivitetty 30.9.2025Jakauma
- Osakkeet100%
Asiakkaat katsoivat myös
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·15.7.Since Trump took office, hedging against the dollar's decline has been a really good thing. It will probably continue as long as the man continues to erode the value of the dollar due to his irresponsible economic policies. When Trump is kicked out of the White House and someone hopefully more responsible comes to power, the dollar will probably strengthen. Then you should consider replacing the index with one without a hedge. The hard part will be finding the right time... Does anyone have any experience to share about this issue?19.9.Sorry for a long answer! 😅 But this is a good question. There was an article in Bloomberg News yesterday about the somewhat counterintuitive fact that the US stock market and even dollar bonds have done so well after the April lows, but the dollar itself hasn't recovered. They referred to statistics which show that foreign investors, especially institutional ones like pension funds, have not at all abandoned US assets, they just have increased currency hedging a lot. They have only lost faith in dollar, not dollar assets. For instance, Trump’s recent moves to erode Fed’s independence are bad for the dollar and possibly for long bonds, but good for short bonds and US large stocks, and very good for US small stocks which generally have more debt than blue chips. (Though the latter are most likely also the ones that suffer most from the increased tariffs and more complicated trade bureaucracy and trade regulation – due to the guy who promised to cut red tape 🙄 – so these conflicting effects balance each other somewhat.) So it currently seems to make sense to hedge dollar exposure with derivatives or simply shorting the same or partial amount of dollars while being equally long euro or whatever one’s currency is. And when a lot of investors do this, it reinforces returns for a time; US assets receive capital flows and grow in value, but the currency itself sees downward pressure, and the strategy works even better. At least for a while; as you well realized there will be a time when it won't work, but no one knows when. Recent events are also reducing hedging costs, i.e. the market price for removing currency risk. Namely ECB seems to have stopped interest rate cuts for now since the average euro area inflation has been almost exactly at the 2% target for a while, but at the same time the Fed is cutting (!) rates when their inflation is almost a half faster at 2.9%. (The latter cuts will of course drag it up, but they are now more worried about increasing layoffs and plateaued payrolls due to tariff uncertainty and costs – and maybe Trump's political pressure also.) Hedging costs roughly follow short term interest rate differentials; for instance now they stand at about 2% p.a. for hedging dollar exposure for euro investors, since dollar short term rate is about 4% and the euro rate about 2%, so shorting dollars and buying euros costs about 2% per year due to negative carry. If Fed cuts to say 3%, the cost drops to 1% and it makes even more sense to hedge for euro investors, since the cost is halved. Nothing above is investment advice, just my understanding of the situation and the Bloomberg article 🤔 You also asked about experience. I bought a small amount of this a little over ten years ago, and it has returned about +190%, which is really good – but investing to eg. SXR8, ie. to S&P500 without hedging and slightly lower running costs, would have returned something like +270% if I had put the same amounts in it on the same dates. So it has produced (100% + 270%) / (100% + 190%) - 100% = +27,6% better return, which is about +2,47% per annum. Thus I would have done even better had I not hedged that investment. But USD is now actually -5% weaker than then, so based on just that, the non-hedged version should have returned -5% less than this (about -0,5% annualized), not +27,6% / 2,47% p.a. more, so I was indeed right about the currency. Even when adjusting for the 0,13% bigger running costs of this ETF, I should have got +3,7% total and +0,37% p.a. over SRX8; but this doesn't account for the hedging costs, which can be inferred to have been something like -2,84% per annum on average during that period, since a +0,37% yearly tailwind has turned to -2,47% drag for the hedged ETF. These are not exact values and only tell about history and not the future, but the point is that even if you are right about the currency and the dollar just weakens and weakens (against the Swiss franc it has done so rather consistently for over 50 years! 🙄), you have to take account hedging costs if you own the investment for a relatively long time like 10+ years! 😐
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tunnusluvut
Riskitaso
?
Keskimääräinen: 4 / 7
Tunnusluvut
- Juoksevat kulut0,20%
- OmaisuusluokkaOsake
- KategoriaMuut osakkeet
- PerusvaluuttaEUR
- OsinkopolitiikkaKasvuosuudet
- Avaintietoasiakirja
Tietoa rahastosta
The investment objective of the Fund is to track the performance before fees and expenses of the Underlying Asset, which is the S&P 500 Index (the “Reference Index”). The Reference Index is designed to reflect the performance of shares of 500 companies representing all major US industries.
Vastaavan tyyppisiä ETF:iä
Uutiset
Ei uutisia tällä hetkellä
Tämän sivun uutiset ja/tai sijoitussuositukset tai otteet niistä sekä niihin liittyvät linkit ovat mainitun tahon tuottamia ja toimittamia. Nordnet ei ole osallistunut materiaalin laatimiseen, eikä ole tarkistanut sen sisältöä tai tehnyt sisältöön muutoksia. Lue lisää sijoitussuosituksista.
Shareville
Liity keskusteluun SharevillessäShareville on aktiivisten yksityissijoittajien yhteisö, jossa voit seurata muiden asiakkaiden kaupankäyntiä ja omistuksia.
Kirjaudu
- ·15.7.Since Trump took office, hedging against the dollar's decline has been a really good thing. It will probably continue as long as the man continues to erode the value of the dollar due to his irresponsible economic policies. When Trump is kicked out of the White House and someone hopefully more responsible comes to power, the dollar will probably strengthen. Then you should consider replacing the index with one without a hedge. The hard part will be finding the right time... Does anyone have any experience to share about this issue?19.9.Sorry for a long answer! 😅 But this is a good question. There was an article in Bloomberg News yesterday about the somewhat counterintuitive fact that the US stock market and even dollar bonds have done so well after the April lows, but the dollar itself hasn't recovered. They referred to statistics which show that foreign investors, especially institutional ones like pension funds, have not at all abandoned US assets, they just have increased currency hedging a lot. They have only lost faith in dollar, not dollar assets. For instance, Trump’s recent moves to erode Fed’s independence are bad for the dollar and possibly for long bonds, but good for short bonds and US large stocks, and very good for US small stocks which generally have more debt than blue chips. (Though the latter are most likely also the ones that suffer most from the increased tariffs and more complicated trade bureaucracy and trade regulation – due to the guy who promised to cut red tape 🙄 – so these conflicting effects balance each other somewhat.) So it currently seems to make sense to hedge dollar exposure with derivatives or simply shorting the same or partial amount of dollars while being equally long euro or whatever one’s currency is. And when a lot of investors do this, it reinforces returns for a time; US assets receive capital flows and grow in value, but the currency itself sees downward pressure, and the strategy works even better. At least for a while; as you well realized there will be a time when it won't work, but no one knows when. Recent events are also reducing hedging costs, i.e. the market price for removing currency risk. Namely ECB seems to have stopped interest rate cuts for now since the average euro area inflation has been almost exactly at the 2% target for a while, but at the same time the Fed is cutting (!) rates when their inflation is almost a half faster at 2.9%. (The latter cuts will of course drag it up, but they are now more worried about increasing layoffs and plateaued payrolls due to tariff uncertainty and costs – and maybe Trump's political pressure also.) Hedging costs roughly follow short term interest rate differentials; for instance now they stand at about 2% p.a. for hedging dollar exposure for euro investors, since dollar short term rate is about 4% and the euro rate about 2%, so shorting dollars and buying euros costs about 2% per year due to negative carry. If Fed cuts to say 3%, the cost drops to 1% and it makes even more sense to hedge for euro investors, since the cost is halved. Nothing above is investment advice, just my understanding of the situation and the Bloomberg article 🤔 You also asked about experience. I bought a small amount of this a little over ten years ago, and it has returned about +190%, which is really good – but investing to eg. SXR8, ie. to S&P500 without hedging and slightly lower running costs, would have returned something like +270% if I had put the same amounts in it on the same dates. So it has produced (100% + 270%) / (100% + 190%) - 100% = +27,6% better return, which is about +2,47% per annum. Thus I would have done even better had I not hedged that investment. But USD is now actually -5% weaker than then, so based on just that, the non-hedged version should have returned -5% less than this (about -0,5% annualized), not +27,6% / 2,47% p.a. more, so I was indeed right about the currency. Even when adjusting for the 0,13% bigger running costs of this ETF, I should have got +3,7% total and +0,37% p.a. over SRX8; but this doesn't account for the hedging costs, which can be inferred to have been something like -2,84% per annum on average during that period, since a +0,37% yearly tailwind has turned to -2,47% drag for the hedged ETF. These are not exact values and only tell about history and not the future, but the point is that even if you are right about the currency and the dollar just weakens and weakens (against the Swiss franc it has done so rather consistently for over 50 years! 🙄), you have to take account hedging costs if you own the investment for a relatively long time like 10+ years! 😐
Yllä olevat kommentit ovat peräisin Nordnetin sosiaalisen verkoston Sharevillen käyttäjiltä, eikä niitä ole muokattu eikä Nordnet ole tarkastanut niitä etukäteen. Ne eivät tarkoita, että Nordnet tarjoaisi sijoitusneuvoja tai sijoitussuosituksia. Nordnet ei ota vastuuta kommenteista.
Tarjoustasot
Määrä
Osto
289
Myynti
Määrä
132
Omistukset
Päivitetty 30.9.2025Jakauma
- Osakkeet100%