Cheapest MDAX Total Return ETF

German Mid Cap · Germany · equity

5 UCITS ETFs in our catalogue track MDAX Total Return. The lowest ongoing charge is 0.19% a year, from INVESCO MDAX UCITS ETF (IE00BHJYDV33). Ongoing charges across all 5 funds range from 0.19% to 0.51%.

The cheapest fund overall may not be the one you can swap into. A distributing fund is not a like-for-like replacement for an accumulating one, and a synthetic fund carries swap counterparty risk that a physical one does not. The tables below are grouped so you compare within a variant, not across.

Accumulating · physical replication

4 funds · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
INVESCO MDAX UCITS ETF
IE00BHJYDV33 · DEAM GY
InvescoPhysicalIE0.19%19
Amundi MDAX UCITS ETF Acc
FR0014015ZN2 · MD4C
AmundiPhysicalFR0.20%20
Amundi MDAX UCITS ETF Dist
FR0011857234 · MD4X
AmundiPhysicalFR0.20%20
iShares MDAX® UCITS ETF (DE)
DE0005933923 · EXS3
iSharesPhysicalDE0.51%51

Distributing · physical replication

1 fund · cheapest first · cost shown for a €10,000 holding

FundIssuerReplicationDomicileTERPer €10,000
iShares MDAX® UCITS ETF (DE)
DE000A2QP349 · EXID
iSharesPhysicalDE0.51%51

Check the fund you actually hold

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Figures verified on 6 September 2026 against issuer publications.

Ongoing charge (TER) only. Spread, tracking difference, securities lending and broker fees are not included, and a different fund domicile can change the dividend withholding tax leaking out of the fund. Educational information, not investment advice. We carry no affiliate links and no sponsored placements.