Underlying Index Performance: The price largely mirrors the performance of the Solactive GBS Global Markets ex EM ex Korea Large & Mid Cap USD Index NTR. If the index rises, so should the ETF, and vice-versa.

Supply and Demand: High demand for the ETF can drive its price slightly above its Net Asset Value (NAV), while increased selling pressure can push it below the NAV.

Currency Fluctuations: As the index is denominated in USD, fluctuations in the EUR/USD exchange rate can impact the ETF's price for Euro-based investors.

Management Fees and Expenses: The ETF's expense ratio will detract slightly from its overall performance, impacting returns relative to the underlying index.

Market Sentiment: Overall investor confidence and risk appetite can influence demand for ETFs in general, including EGV3.XETRA.

Trading Volume and Liquidity: Higher trading volume typically results in tighter bid-ask spreads, making the ETF more attractive to trade and potentially affecting its price stability.