Underlying Index Performance: SXRL.XETRA aims to mirror the Solactive Global SuperDividend Real Estate Index NTR. If the index rises, so should the ETF's price, and vice versa.

Supply and Demand: Like any traded asset, high demand pushes the price up, while increased selling pressure leads to price declines.

Dividend Payments: SXRL.XETRA distributes dividends, which can cause a slight price drop on the ex-dividend date as the value is distributed to shareholders.

Currency Fluctuations: Since the ETF invests in global real estate companies, exchange rate movements between the Euro and other currencies can impact the Euro-denominated price.

Expense Ratio: The ETF's annual expense ratio, though small, reduces the overall return, impacting the long-term price performance relative to the underlying index.

Investor Sentiment: General market optimism or pessimism towards real estate and dividend-paying stocks can influence buying and selling decisions, affecting the ETF's price.