Constituent Stock Prices: XRRL.XETRA's price is directly tied to the prices of the companies within the MSCI World SRI index it tracks. Rising stock prices generally push the ETF price up, and vice versa.

Supply and Demand: Increased demand for XRRL.XETRA drives its price higher as investors buy more units. Conversely, high selling pressure reduces the price.

Index Rebalancing: Changes in the MSCI World SRI index (additions/deletions) can cause XRRL.XETRA to adjust its holdings, influencing its price depending on the size and impact of the rebalancing.

Currency Fluctuations: XRRL.XETRA's price is denominated in EUR. Changes in the EUR exchange rate versus the currencies of the underlying stocks can impact its value.

Interest Rates: Higher interest rates may make bonds more attractive, potentially drawing investors away from ETFs like XRRL.XETRA, thus affecting its price.

Market Sentiment: Overall investor optimism or pessimism towards the market influences the demand for ETFs such as XRRL.XETRA, either pushing the price up or down.

ETF Management Fees: While the TER is relatively constant, a comparatively higher expense ratio could negatively affect its performance versus its benchmark, subtly affecting investor perception.

Tracking Error: Imperfect tracking of the MSCI World SRI index can create discrepancies between the ETF's returns and the index's returns, affecting price compared to the index.

Geopolitical Events: Major global events (wars, economic crises) can impact overall market sentiment and sector performance, impacting stock prices and subsequently the ETF's price.

Economic Data: Economic reports on inflation, GDP, unemployment can affect stock valuations and subsequently the ETF's price if they affect constituent companies.