USNZ vs. DEUS

Last updated Jun 4, 2026

USNZ (Xtrackers Net Zero Pathway Paris Aligned US Equity ETF) and DEUS (Xtrackers Russell US Multifactor ETF) are both exchange-traded funds - USNZ is a Large Cap Blend Equities fund tracking the Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while DEUS is a Mid Cap Blend Equities fund tracking the Russell 1000 Comprehensive Factor Index. Both are passively managed. Over the past 3 years, USNZ returned 21.25%/yr vs 16.53%/yr for DEUS. A 0.80 correlation means they provide meaningful diversification when combined. USNZ charges 0.10%/yr vs 0.17%/yr for DEUS.

Performance

USNZ vs. DEUS - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) and Xtrackers Russell US Multifactor ETF (DEUS). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

The year-to-date returns for both investments are quite close, with USNZ having a 10.92% return and DEUS slightly higher at 11.11%.

USNZ

• 1D: -0.68%
• 1M: 6.41%
• YTD: 10.92%
• 6M: 10.66%
• 1Y: 28.98%
• 3Y*: 21.25%
• 5Y*: —
• 10Y*: —

DEUS

• 1D: 0.18%
• 1M: 3.32%
• YTD: 11.11%
• 6M: 11.96%
• 1Y: 18.62%
• 3Y*: 16.53%
• 5Y*: 9.39%
• 10Y*: 11.33%

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

USNZ vs. DEUS - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	10.92%	17.76%	21.96%	27.76%	0.74%
DEUS Xtrackers Russell US Multifactor ETF	11.11%	10.41%	14.33%	14.73%	5.87%

Correlation

The correlation between USNZ and DEUS is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.75
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022	0.80

The correlation between USNZ and DEUS shifts across timeframes, from 0.65 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.

USNZ vs. DEUS - Sectors Allocation Comparison

Sectors	USNZ	DEUS
Technology	41.9%	15.5%
Communication Services	13.4%	3.8%
Healthcare	11.2%	11.4%
Financial Services	10.5%	12.1%
Consumer Cyclical	10.5%	10.6%
Industrials	3.5%	17.6%
Consumer Defensive	3.4%	7.5%
Real Estate	3.3%	4.3%
Basic Materials	1.3%	4.5%
Utilities	1.1%	7.3%
Energy	0.0%	5.5%

Return for Risk

USNZ vs. DEUS — Risk / Return Rank

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

USNZ

USNZ Risk / Return Rank: 64
USNZ Sharpe Ratio Rank: 69
USNZ Sortino Ratio Rank: 68
USNZ Omega Ratio Rank: 67
USNZ Calmar Ratio Rank: 54
USNZ Martin Ratio Rank: 64

DEUS

DEUS Risk / Return Rank: 53
DEUS Sharpe Ratio Rank: 49
DEUS Sortino Ratio Rank: 52
DEUS Omega Ratio Rank: 47
DEUS Calmar Ratio Rank: 56
DEUS Martin Ratio Rank: 59

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.

USNZ vs. DEUS - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) and Xtrackers Russell US Multifactor ETF (DEUS). 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.

	USNZ	DEUS	Difference
Sharpe ratio: Return per unit of total volatility	2.24	1.70	+0.54
Sortino ratio: Return per unit of downside risk	3.09	2.51	+0.58
Omega ratio: Gain probability vs. loss probability	1.40	1.30	+0.10
Calmar ratio: Return relative to maximum drawdown	2.63	2.74	-0.11
Martin ratio: Return relative to average drawdown	11.59	10.39	+1.19
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

USNZ vs. DEUS - Sharpe Ratio Comparison

The current USNZ Sharpe Ratio is 2.24, which is higher than the DEUS Sharpe Ratio of 1.70. The chart below compares the historical Sharpe Ratios of USNZ and DEUS, 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

	USNZ	DEUS	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.24	1.70	+0.54
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.61	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.21	0.64	+0.57

Drawdowns

USNZ vs. DEUS - Drawdown Comparison

The maximum USNZ drawdown since its inception was -19.16%, smaller than the maximum DEUS drawdown of -40.47%. Use the drawdown chart below to compare losses from any high point for USNZ and DEUS.

Drawdown Indicators

	USNZ	DEUS	Difference
Max Drawdown Largest peak-to-trough decline	-19.16%	-40.47%	+21.31%
Max Drawdown (1Y) Largest decline over 1 year	-11.07%	-6.83%	-4.24%
Max Drawdown (3Y) Largest decline over 3 years	-19.16%	-16.69%	-2.47%
Max Drawdown (5Y) Largest decline over 5 years	—	-20.89%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.47%	—
Current Drawdown Current decline from peak	-0.68%	0.00%	-0.68%
Average Drawdown Average peak-to-trough decline	-3.32%	-4.34%	+1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.51%	1.80%	+0.71%

Volatility

USNZ vs. DEUS - Volatility Comparison

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) has a higher volatility of 3.37% compared to Xtrackers Russell US Multifactor ETF (DEUS) at 2.79%. This indicates that USNZ's price experiences larger fluctuations and is considered to be riskier than DEUS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	USNZ	DEUS	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.37%	2.79%	+0.58%
Volatility (6M) Calculated over the trailing 6-month period	10.13%	8.13%	+2.00%
Volatility (1Y) Calculated over the trailing 1-year period	13.02%	11.02%	+2.00%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.63%	15.55%	+1.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.63%	17.98%	-1.35%

USNZ vs. DEUS - Expense Ratio Comparison

USNZ has a 0.10% expense ratio, which is lower than DEUS's 0.17% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

USNZ vs. DEUS - Dividend Comparison

USNZ's dividend yield for the trailing twelve months is around 0.94%, less than DEUS's 1.45% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
DEUS Xtrackers Russell US Multifactor ETF	1.45%	1.59%	1.36%	1.49%	1.74%	1.14%	1.61%	1.65%	1.77%	1.31%	2.75%
USNZ Xtrackers Net Zero Pathway Paris Aligned US Equity ETF	0.94%	1.02%	1.14%	1.19%	0.80%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both USNZ and DEUS in my portfolio?

USNZ and DEUS have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, USNZ or DEUS?

USNZ has higher volatility (3.37%) compared to DEUS (2.79%). In terms of maximum drawdown, USNZ dropped -19.16% vs DEUS's -40.47%.

Which ETF is better, USNZ or DEUS?

On 3-year performance, USNZ leads with 21.25% vs 16.53% for DEUS. On fees, USNZ is cheaper at 0.10% per year. On volatility, DEUS has been the lower-risk option at 2.79%. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF has performed better, USNZ or DEUS?

Over the 3-year period, USNZ has performed better with a 21.25% return vs 16.53%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.

Which ETF is cheaper, USNZ or DEUS?

USNZ is cheaper with a 0.10% expense ratio, compared with 0.17% for DEUS.

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

DEUS has the higher dividend yield at 1.45%, compared with 0.94% for USNZ.

What is the main difference between USNZ and DEUS?

USNZ is categorized as Large Cap Blend Equities, while DEUS is Mid Cap Blend Equities. USNZ tracks Solactive ISS ESG United States Net Zero Pathway Enhanced Index - Benchmark TR Net, while DEUS tracks Russell 1000 Comprehensive Factor Index. Their fees differ too: 0.10% for USNZ and 0.17% for DEUS.

Which has better risk-adjusted returns?

USNZ currently has the higher Sharpe Ratio (2.24 vs 1.70), 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.