DELG.DE vs. USNZ

Last updated Apr 2, 2026

Compare and contrast key facts about L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ).

DELG.DE and USNZ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. DELG.DE is a passively managed fund by Legal & General that tracks the performance of the Foxberry Sustainability Consensus US. It was launched on Nov 6, 2019. USNZ is a passively managed fund by Xtrackers that tracks the performance of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. It was launched on Jun 27, 2022. Both DELG.DE and USNZ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

DELG.DE vs. USNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ). The values are adjusted to include any dividend payments, if applicable.

DELG.DE vs. USNZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
DELG.DE L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	-4.78%	6.14%	33.62%	26.50%	-3.71%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	-4.62%	3.78%	30.01%	23.93%	-0.99%

Different Trading Currencies

DELG.DE is traded in EUR, while USNZ is traded in USD. To make them comparable, the USNZ values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with DELG.DE having a -4.78% return and USNZ slightly higher at -4.62%.

DELG.DE

• 1D: 2.23%
• 1M: -3.79%
• YTD: -4.78%
• 6M: -1.67%
• 1Y: 11.06%
• 3Y*: 16.67%
• 5Y*: 11.61%
• 10Y*: —

USNZ

• 1D: 0.86%
• 1M: -3.95%
• YTD: -4.62%
• 6M: -2.66%
• 1Y: 8.11%
• 3Y*: 13.97%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

DELG.DE vs. USNZ - Expense Ratio Comparison

DELG.DE has a 0.12% expense ratio, which is higher than USNZ's 0.10% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

DELG.DE

L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

Return for Risk

DELG.DE vs. USNZ — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

DELG.DE

DELG.DE Risk / Return Rank: 33
DELG.DE Sharpe Ratio Rank: 29
DELG.DE Sortino Ratio Rank: 29
DELG.DE Omega Ratio Rank: 30
DELG.DE Calmar Ratio Rank: 39
DELG.DE Martin Ratio Rank: 38

USNZ

USNZ Risk / Return Rank: 46
USNZ Sharpe Ratio Rank: 42
USNZ Sortino Ratio Rank: 46
USNZ Omega Ratio Rank: 47
USNZ Calmar Ratio Rank: 45
USNZ Martin Ratio Rank: 50

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

DELG.DE vs. USNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	DELG.DE	USNZ	Difference
Sharpe ratio Return per unit of total volatility	0.60	0.39	+0.21
Sortino ratio Return per unit of downside risk	0.93	0.68	+0.25
Omega ratio Gain probability vs. loss probability	1.13	1.10	+0.03
Calmar ratio Return relative to maximum drawdown	1.19	0.60	+0.59
Martin ratio Return relative to average drawdown	4.06	2.29	+1.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

DELG.DE vs. USNZ - Sharpe Ratio Comparison

The current DELG.DE Sharpe Ratio is 0.60, which is higher than the USNZ Sharpe Ratio of 0.39. The chart below compares the historical Sharpe Ratios of DELG.DE and USNZ, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	DELG.DE	USNZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.60	0.39	+0.21
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.71	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.69	0.77	-0.08

Correlation

The correlation between DELG.DE and USNZ is 0.61, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

DELG.DE vs. USNZ - Dividend Comparison

DELG.DE has not paid dividends to shareholders, while USNZ's dividend yield for the trailing twelve months is around 1.11%.

	TTM	2025	2024	2023	2022
DELG.DE L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating	0.00%	0.00%	0.00%	0.00%	0.00%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	1.11%	1.02%	1.14%	1.19%	0.80%

Drawdowns

DELG.DE vs. USNZ - Drawdown Comparison

The maximum DELG.DE drawdown since its inception was -31.08%, which is greater than USNZ's maximum drawdown of -23.93%. Use the drawdown chart below to compare losses from any high point for DELG.DE and USNZ.

Drawdown Indicators

	DELG.DE	USNZ	Difference
Max Drawdown Largest peak-to-trough decline	-31.08%	-19.16%	-11.92%
Max Drawdown (1Y) Largest decline over 1 year	-13.81%	-12.21%	-1.60%
Max Drawdown (5Y) Largest decline over 5 years	-24.38%	—	—
Current Drawdown Current decline from peak	-6.66%	-7.41%	+0.75%
Average Drawdown Average peak-to-trough decline	-5.59%	-3.42%	-2.17%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.68%	2.94%	-0.26%

Volatility

DELG.DE vs. USNZ - Volatility Comparison

The current volatility for L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) is 4.73%, while Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) has a volatility of 4.98%. This indicates that DELG.DE experiences smaller price fluctuations and is considered to be less risky than USNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	DELG.DE	USNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.73%	4.98%	-0.25%
Volatility (6M) Calculated over the trailing 6-month period	9.61%	10.67%	-1.06%
Volatility (1Y) Calculated over the trailing 1-year period	18.47%	20.93%	-2.46%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.13%	16.87%	-0.74%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.96%	16.87%	+2.09%