"Xtrackers ShortDAX x2 Daily Swap UCITS ETF 1C" is an exchange-traded investment fund (ETF). It refers to the ShortDAX x2 Index. This index reflects the development of stocks . The ETF replicates its index using synthetic replication, so the index performance is realized using a swap contract. The ETF's earnings (dividends) are automatically reinvested (accumulated). The fund company Xtrackers claims a total expense ratio (TER) of 0.60% per year.