DELG.DE vs. USNZ
DELG.DE (L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating) and USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) are both Large Cap Blend Equities funds - DELG.DE tracks the Foxberry Sustainability Consensus US while USNZ tracks the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, DELG.DE returned 19.55%/yr vs 18.23%/yr for USNZ. A 0.61 correlation means they provide meaningful diversification when combined. DELG.DE charges 0.12%/yr vs 0.10%/yr for USNZ.
Performance
DELG.DE vs. USNZ - Performance Comparison
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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
In the year-to-date period, DELG.DE achieves a 10.45% return, which is significantly lower than USNZ's 12.52% return.
DELG.DE
- 1D
- -0.17%
- 1M
- 6.20%
- YTD
- 10.45%
- 6M
- 10.40%
- 1Y
- 25.92%
- 3Y*
- 19.55%
- 5Y*
- 14.64%
- 10Y*
- —
USNZ
- 1D
- 0.16%
- 1M
- 6.45%
- YTD
- 12.52%
- 6M
- 11.39%
- 1Y
- 26.85%
- 3Y*
- 18.23%
- 5Y*
- —
- 10Y*
- —
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 | 10.45% | 6.14% | 33.62% | 26.50% | -3.71% |
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF | 12.52% | 3.78% | 30.01% | 23.93% | -0.99% |
Correlation
The correlation between DELG.DE and USNZ is 0.69, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.61 |
The correlation between DELG.DE and USNZ has been stable across timeframes, ranging from 0.61 to 0.69 - a consistent structural relationship.
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Return for Risk
DELG.DE vs. USNZ — Risk / Return Rank
DELG.DE
USNZ
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 ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.37 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.82 | 2.76 | +0.06 |
| Martin ratioReturn relative to average drawdown | 10.31 | 10.44 | -0.12 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| DELG.DE | USNZ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.99 | 2.05 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.90 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.81 | 1.03 | -0.22 |
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.
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Drawdown Indicators
| DELG.DE | USNZ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.08% | -23.93% | -7.15% |
Max Drawdown (1Y)Largest decline over 1 year | -9.15% | -9.78% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -24.38% | -23.93% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.38% | — | — |
Current DrawdownCurrent decline from peak | -0.57% | -0.24% | -0.33% |
Average DrawdownAverage peak-to-trough decline | -5.47% | -4.71% | -0.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.51% | 2.58% | -0.07% |
Volatility
DELG.DE vs. USNZ - Volatility Comparison
L&G US ESG Exclusions Paris Aligned UCITS ETF USD Accumulating (DELG.DE) has a higher volatility of 3.31% compared to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) at 2.66%. This indicates that DELG.DE's price experiences larger fluctuations and is considered to be riskier than USNZ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DELG.DE | USNZ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.31% | 2.66% | +0.65% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 9.72% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.95% | 13.17% | -0.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.14% | 16.66% | -0.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.82% | 16.66% | +2.16% |
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%.
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 0.93%.
| Position | 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 | 0.93% | 1.02% | 1.14% | 1.19% | 0.80% |
Frequently Asked Questions
DELG.DE and USNZ have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USNZ is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USNZ is cheaper with a 0.10% expense ratio, compared with 0.12% for DELG.DE.
DELG.DE tracks Foxberry Sustainability Consensus US, while USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. They also come from different issuers: Legal & General and Xtrackers. Their fees differ too: 0.12% for DELG.DE and 0.10% for USNZ.
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