What is the DBX0AN?
The Xtrackers II EUR Overnight Rate Swap UCITS ETF 1C (WKN: DBX0AN | ISIN: LU0290358497) is a money market ETF that tracks the Solactive €STR +8.5 Daily Total Return Index. This index reflects the performance of an investment that earns the short-term Euro short-term rate (€STR) plus 8.5 basis points. It is a popular alternative to a Tagesgeld account (a German instant-access savings account).
➡️ Buy DBX0AN the easy way with our recommended broker SMARTBROKER+. For 0€ with an ETF savings plan or from 1€ as a one-off purchase. Ad
What return does the DBX0AN offer?
The expected return depends on how the €STR rate develops. It currently stands at 2.184%, but can change daily.
What are the advantages of the DBX0AN? 👍
- Fair interest - Tagesgeld accounts often reserve their best rates for new customers. The DBX0AN, on the other hand, is freely tradable and always follows the current €STR rate.
- No Tagesgeld hopping - Opening a Tagesgeld account is often a cumbersome process, and fair rates are usually only offered for a limited time. The DBX0AN permanently pays fair interest in line with the €STR rate.
- No maximum limits - Tagesgeld accounts are often capped at a few thousand euros. The DBX0AN can be bought in practically unlimited amounts.
What are the disadvantages of the DBX0AN? 👎
- No deposit insurance - Tagesgeld accounts are covered by the statutory deposit insurance scheme, which protects up to 100,000€ per depositor and per bank. That is not the case with the DBX0AN. But: ETFs are protected as segregated fund assets (Sondervermögen) - more on this under Safety.
- Purchase costs - The DBX0AN is bought on a stock exchange, so order fees may apply when buying and selling. These fees depend on your broker and the trading venue. The spread can also reduce your return.
- Not instantly available - The DBX0AN is exchange-traded. After selling, many brokers take a few days before the proceeds are released for withdrawal.
What does the DBX0AN cost?
The ETF's ongoing total expense ratio (TER) is 0.10% per year. In addition, order fees may apply when buying or selling, depending on the broker and trading venue.
With our recommended broker SMARTBROKER+ * you can get the DBX0AN for 0€ with an ETF savings plan or from 1€ as a one-off purchase.
➡️️ Buy DBX0AN the easy way with our recommended broker SMARTBROKER+. For 0€ with an ETF savings plan or from 1€ as a one-off purchase. Ad
DBX0AN chart
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