HDEF bid-ask spread and liquidity

Xtrackers MSCI EAFE High Dividend Yield Equity ETF
StocksXtrackers$2.3bn net assets0.09% fee
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As of Oct 22, 2026, HDEF closed +0.41% from its NAV, and on 95% of the 12 days to then it was within ±0.62%.

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Ask IQ about HDEF bid-ask spread and liquidity

Answers cite the figures on this page.

OverviewHoldingsDividendsTradingFlowsCompare

IQ Liquidity Score

1 of 6 measured · Oct 22, 2026
·
Not scored
0 · Hard to trade100 · Trades like a giant

The IQ Liquidity Score: a fixed 0 to 100 scale of trading conditions, the same anchors for every fund; 100 is the easiest to trade. It measures how cheaply and reliably the fund trades, not whether to own it. Method →

Cost to trade
Not measured · the issuer's 30-day median spread is not read for this fund
·
Capacity
Not measured · 33.0% of its long weight could be measured; the largest part not measured is foreign
·
Price fidelity
Not measured · 12 days of closing premium are held, under the 20 needed
·
Primary market
5 active dealers of 24; largest 76% of creations and redemptions, N-CEN to May 31, 2026
85.0
Bad-day behaviour
Not measured · 0 of the 10 worst days and 12 other days are held, under the 5 and 60 needed
·
Depth
Not measured · needs trade and quote data (Phase 2)
·

Premium or discount to value

Daily, 12 days to Oct 22, 2026 · the ±1% band marked
HDEF premium or discount to NAV, 12 days+1%0−1%Oct 6, 2026Oct 22, 2026
Latest close, Oct 22
+0.41%
95% of days within
±0.62%
Days more than 1% from NAV
0 of 12
Widest
−0.62%, Oct 19, 2026

Close against the NAV its issuer struck the same day, from the issuer. Source: ETFIQ. Its holdings trade on markets that close before New York, so its closing premium carries the move since then.

Capacity

What the holdings can absorb a day

Not measured: 33.0% of its long weight could be measured; the largest part not measured is foreign.

Dealers

Authorized participants · N-CEN, the year to May 31, 2026
Active dealers
5
of 24 authorized
Largest
76%
of creations and redemptions
One dealer
No
5 active

5 of 24 authorized participants created or redeemed HDEF shares in the year to May 31, 2026. From the fund’s Form N-CEN, filed Aug 13, 2026.

The active authorized participants, largest first, by share of the dollars created and redeemed: Goldman Sachs & Co. LLC (76.2%), J.P. Morgan Securities LLC (12.8%), UBS Securities LLC (4.0%), Citigroup Global Markets Inc. (3.9%), BofA Securities, Inc. (3.2%). 19 more were listed and created or redeemed nothing.

How to trade HDEF

To buy or to sell, up to $100,000
When
Its holdings trade on markets that close before New York, so its price can drift from their value later in the day.
Watch
The premium. On 95% of days it is within ±0.62%; beyond that a buyer pays more, and a seller gets less, than the holdings are worth.
Phase 2 · drawn now, filled when trade data arrives
Spread through the dayComing with trade data

Median spread by half hour, 30 days.

Buyers against sellersComing with trade data

Share of volume at the ask against at the bid.

Retail flow, estimatedComing with trade data

Sub-penny prints as a share of volume.

Large tradesComing with trade data

Prints above $500k, count and share.

Closing auctionComing with trade data

Share of the day’s volume at the close.

Questions people ask

Does HDEF trade at a premium or discount to NAV?

It closed +0.41% from its NAV on Oct 22, 2026. On 95% of the 12 days to then it was within ±0.62%, and it closed more than 1% from NAV on 0 of them.

Who is the AP for HDEF?

HDEF’s latest Form N-CEN, for the period ending May 31, 2026, lists 24 authorized participants (APs), and 5 created or redeemed shares. The largest were Goldman Sachs & Co. LLC (76.2%), J.P. Morgan Securities LLC (12.8%), UBS Securities LLC (4.0%) of the dollars its APs created and redeemed.

Who is the LMM for HDEF?

HDEF’s lead market maker (LMM) on NYSE Arca is Virtu Americas LLC. Lead market maker per NYSE Arca, as of Oct 23, 2026.
Sources and dates
Premium to NAVETFIQ, close against the issuer’s NAV · Oct 6, 2026 to Oct 22, 2026
DealersForm N-CEN · the year to May 31, 2026
Where to next
ETF trading costs and liquidity→Cost-to-trade checker→Why low volume does not mean illiquidguide →Limit orders vs market orders for ETFsguide →How the IQ Liquidity Score is builtmethod →HDEF fund page→
Cite this pageCitation, APA and Markdown

ETFIQ, HDEF trading: cost, capacity, premium and dealers, data as of Oct 22, 2026. https://etfiq.com/funds/hdef/trading/

Open data →

The score measures trading conditions, not the fund. ETFIQ makes no recommendations.