Underlying Index Performance: The XDGI.XETRA ETF price is primarily driven by the performance of its underlying index, reflecting gains or losses in the index's constituent stocks.

Supply and Demand: Increased demand for the ETF typically pushes its price higher, while increased supply leads to price decreases.

Market Sentiment: Overall investor confidence and market trends impact the demand for and price of the ETF, mirroring broad market optimism or pessimism.

Currency Fluctuations: Since the ETF may hold international assets, currency exchange rates can influence its value, affecting the returns for Euro-based investors.

Expense Ratio and Tracking Error: Higher expense ratios can slightly depress returns, while greater tracking error (deviation from the index's performance) affects the ETF's price relative to its benchmark.

Geopolitical and Economic Events: Global events, economic data releases, and political developments can trigger market volatility and influence investor sentiment, subsequently affecting the ETF price.