Underlying Index Performance: The price of SCWX.XETRA directly reflects the performance of its underlying index. Positive index movement generally leads to a rise in the ETF's price.

Supply and Demand: Increased demand for SCWX.XETRA can drive up its price, while higher supply may cause a price decrease. Market sentiment plays a role.

Market Interest Rates: Interest rate hikes can make bonds relatively more attractive, potentially leading to some investors selling SCWX.XETRA and affecting its price negatively.

Economic Conditions: Broad economic factors such as GDP growth, inflation, and unemployment influence investor sentiment and therefore demand for SCWX.XETRA.

Currency Exchange Rates: Fluctuations in the EUR/USD exchange rate can impact the value of SCWX.XETRA for investors holding other currencies.

Fund Management Fees: While management fees don't cause rapid fluctuations, they can affect its long-term returns and attractiveness compared to competing ETFs.

Dividend Yields: SCWX.XETRA pays dividends. Changes to those dividend yields can influence the price.