Underlying Asset Performance: EXXW tracks an index, so its price closely mirrors the performance of the securities within that index. Strong performance in the underlying assets generally leads to an increase in the ETF's price, and vice versa.

Supply and Demand: Like any traded security, the price of EXXW is influenced by supply and demand. Higher demand pushes the price up, while increased selling pressure leads to price declines.

Market Sentiment: Overall investor sentiment towards the asset class represented by the underlying index can impact EXXW's price. Positive sentiment often leads to increased investment, while negative sentiment can trigger selling.

Exchange Rate Fluctuations: If the underlying assets are priced in a different currency than the ETF, exchange rate movements can affect the ETF's price when translated back to the ETF's trading currency.

Tracking Error: Imperfect replication of the target index can lead to tracking error, where the ETF's performance deviates slightly from the index's performance. This can affect the ETF's price relative to the index it tracks.