SNPG vs. USNZ

Last updated Jun 5, 2026

SNPG (Xtrackers S&P 500 Growth ESG ETF) and USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) are both exchange-traded funds - SNPG is a Large Cap Growth Equities fund tracking the S&P 500 Growth ESG Index, while USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Both are passively managed. Over the past 3 years, SNPG returned 25.37%/yr vs 21.46%/yr for USNZ. Their correlation of 0.93 suggests significant overlap in exposure. SNPG charges 0.15%/yr vs 0.10%/yr for USNZ.

Performance

SNPG vs. USNZ - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers S&P 500 Growth ESG ETF (SNPG) and Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both stocks are quite close, with SNPG having a 11.36% return and USNZ slightly lower at 11.25%.

SNPG

• 1D: 0.56%
• 1M: 9.28%
• YTD: 11.36%
• 6M: 11.71%
• 1Y: 29.68%
• 3Y*: 25.37%
• 5Y*: —
• 10Y*: —

USNZ

• 1D: 0.30%
• 1M: 5.75%
• YTD: 11.25%
• 6M: 11.09%
• 1Y: 29.01%
• 3Y*: 21.46%
• 5Y*: —
• 10Y*: —

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

SNPG vs. USNZ - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
SNPG Xtrackers S&P 500 Growth ESG ETF	11.36%	18.22%	33.99%	38.45%	1.81%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	11.25%	17.76%	21.96%	27.76%	3.40%

Correlation

The correlation between SNPG and USNZ is 0.93, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.93
Correlation (3Y) Calculated over the trailing 3-year period	0.92
Correlation (All Time) Calculated using the full available price history since Nov 10, 2022	0.93

The correlation between SNPG and USNZ has been stable across timeframes, ranging from 0.92 to 0.93 - a consistent structural relationship.

SNPG vs. USNZ - Sectors Allocation Comparison

Sectors	SNPG	USNZ
Technology	36.1%	41.9%
Communication Services	19.4%	13.4%
Financial Services	12.8%	10.5%
Industrials	10.5%	3.5%
Healthcare	9.6%	11.2%
Consumer Cyclical	9.4%	10.5%
Real Estate	2.2%	3.3%
Basic Materials	1.1%	1.3%
Consumer Defensive	0.0%	3.4%
Energy	0.0%	0.0%
Utilities	0.0%	1.1%

Return for Risk

SNPG vs. USNZ — Risk / Return Rank

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

SNPG

SNPG Risk / Return Rank: 59
SNPG Sharpe Ratio Rank: 65
SNPG Sortino Ratio Rank: 66
SNPG Omega Ratio Rank: 62
SNPG Calmar Ratio Rank: 47
SNPG Martin Ratio Rank: 55

USNZ

USNZ Risk / Return Rank: 65
USNZ Sharpe Ratio Rank: 69
USNZ Sortino Ratio Rank: 69
USNZ Omega Ratio Rank: 68
USNZ Calmar Ratio Rank: 54
USNZ Martin Ratio Rank: 65

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.

SNPG vs. USNZ - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers S&P 500 Growth ESG ETF (SNPG) 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.

	SNPG	USNZ	Difference
Sharpe ratio: Return per unit of total volatility	2.12	2.24	-0.12
Sortino ratio: Return per unit of downside risk	3.02	3.10	-0.07
Omega ratio: Gain probability vs. loss probability	1.37	1.40	-0.03
Calmar ratio: Return relative to maximum drawdown	2.27	2.63	-0.36
Martin ratio: Return relative to average drawdown	9.43	11.60	-2.17
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SNPG vs. USNZ - Sharpe Ratio Comparison

The current SNPG Sharpe Ratio is 2.12, which is comparable to the USNZ Sharpe Ratio of 2.24. The chart below compares the historical Sharpe Ratios of SNPG and USNZ, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SNPG	USNZ	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.12	2.24	-0.12
Sharpe Ratio (All Time) Calculated using the full available price history	1.63	1.22	+0.41

Drawdowns

SNPG vs. USNZ - Drawdown Comparison

The maximum SNPG drawdown since its inception was -21.69%, which is greater than USNZ's maximum drawdown of -19.16%. Use the drawdown chart below to compare losses from any high point for SNPG and USNZ.

Drawdown Indicators

	SNPG	USNZ	Difference
Max Drawdown Largest peak-to-trough decline	-21.69%	-19.16%	-2.53%
Max Drawdown (1Y) Largest decline over 1 year	-13.12%	-11.07%	-2.05%
Max Drawdown (3Y) Largest decline over 3 years	-21.69%	-19.16%	-2.53%
Current Drawdown Current decline from peak	0.00%	-0.38%	+0.38%
Average Drawdown Average peak-to-trough decline	-2.53%	-3.31%	+0.78%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.15%	2.51%	+0.64%

Volatility

SNPG vs. USNZ - Volatility Comparison

Xtrackers S&P 500 Growth ESG ETF (SNPG) has a higher volatility of 4.71% compared to Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) at 3.30%. This indicates that SNPG'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.

Volatility by Period

	SNPG	USNZ	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.71%	3.30%	+1.41%
Volatility (6M) Calculated over the trailing 6-month period	11.43%	10.13%	+1.30%
Volatility (1Y) Calculated over the trailing 1-year period	14.05%	13.01%	+1.04%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.00%	16.62%	+1.38%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.00%	16.62%	+1.38%

SNPG vs. USNZ - Expense Ratio Comparison

SNPG has a 0.15% 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

SNPG vs. USNZ - Dividend Comparison

SNPG's dividend yield for the trailing twelve months is around 0.46%, less than USNZ's 0.93% yield.

Position	TTM	2025	2024	2023	2022
SNPG Xtrackers S&P 500 Growth ESG ETF	0.46%	0.49%	0.57%	0.95%	0.20%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.93%	1.02%	1.14%	1.19%	0.80%

Frequently Asked Questions

Can I hold both SNPG and USNZ in my portfolio?

With a correlation of 0.93, SNPG and USNZ move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which is riskier, SNPG or USNZ?

SNPG has higher volatility (4.71%) compared to USNZ (3.30%). In terms of maximum drawdown, SNPG dropped -21.69% vs USNZ's -19.16%.

Which ETF is better, SNPG or USNZ?

On 3-year performance, SNPG leads with 25.37% vs 21.46% for USNZ. On fees, USNZ is cheaper at 0.10% per year. On volatility, USNZ has been the lower-risk option at 3.30%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, SNPG or USNZ?

Over the 3-year period, SNPG has performed better with a 25.37% return vs 21.46%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, SNPG or USNZ?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.15% for SNPG.

Which ETF pays a higher dividend yield, SNPG or USNZ?

USNZ has the higher dividend yield at 0.93%, compared with 0.46% for SNPG.

What is the main difference between SNPG and USNZ?

SNPG is categorized as Large Cap Growth Equities, while USNZ is Large Cap Blend Equities. SNPG tracks S&P 500 Growth ESG Index, while USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net. Their fees differ too: 0.15% for SNPG and 0.10% for USNZ.

Which has better risk-adjusted returns?

USNZ currently has the higher Sharpe Ratio (2.24 vs 2.12), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.