XCEU.DE vs. FTGE.DE
XCEU.DE (Xtrackers MSCI EMU Climate Transition UCITS ETF 1C) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - XCEU.DE tracks the MSCI EMU NR EUR while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 3 years, XCEU.DE returned 14.38%/yr vs 22.56%/yr for FTGE.DE. Their correlation of 0.84 suggests significant overlap in exposure. XCEU.DE charges 0.12%/yr vs 0.65%/yr for FTGE.DE.
Performance
XCEU.DE vs. FTGE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCEU.DE achieves a 8.87% return, which is significantly lower than FTGE.DE's 13.73% return.
XCEU.DE
- 1D
- 0.24%
- 1M
- 5.40%
- YTD
- 8.87%
- 6M
- 10.73%
- 1Y
- 16.36%
- 3Y*
- 14.38%
- 5Y*
- —
- 10Y*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
XCEU.DE vs. FTGE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCEU.DE Xtrackers MSCI EMU Climate Transition UCITS ETF 1C | 8.87% | 19.79% | 9.57% | 5.60% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 1.72% |
Correlation
The correlation between XCEU.DE and FTGE.DE is 0.86, 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 | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.84 |
The correlation between XCEU.DE and FTGE.DE has been stable across timeframes, ranging from 0.83 to 0.86 - a consistent structural relationship.
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Return for Risk
XCEU.DE vs. FTGE.DE — Risk / Return Rank
XCEU.DE
FTGE.DE
XCEU.DE vs. FTGE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) and First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE). 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.
| XCEU.DE | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.06 | ||
| Sortino ratioReturn per unit of downside risk | -1.29 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.40 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.51 | 3.27 | -1.76 |
| Martin ratioReturn relative to average drawdown | 5.43 | 12.30 | -6.87 |
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
| XCEU.DE | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.09 | 2.16 | -1.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.65 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.93 | 0.88 | +0.05 |
Drawdowns
XCEU.DE vs. FTGE.DE - Drawdown Comparison
The maximum XCEU.DE drawdown since its inception was -14.98%, smaller than the maximum FTGE.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for XCEU.DE and FTGE.DE.
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Drawdown Indicators
| XCEU.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.98% | -26.63% | +11.65% |
Max Drawdown (1Y)Largest decline over 1 year | -10.79% | -9.38% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -16.12% | +1.14% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -0.72% | 0.00% | -0.72% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -5.40% | +2.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.01% | 2.50% | +0.51% |
Volatility
XCEU.DE vs. FTGE.DE - Volatility Comparison
Xtrackers MSCI EMU Climate Transition UCITS ETF 1C (XCEU.DE) has a higher volatility of 4.62% compared to First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that XCEU.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCEU.DE | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.83% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.25% | 11.63% | +0.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.90% | 14.23% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.44% | 17.58% | -3.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.44% | 18.41% | -3.97% |
XCEU.DE vs. FTGE.DE - Expense Ratio Comparison
XCEU.DE has a 0.12% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
XCEU.DE vs. FTGE.DE - Dividend Comparison
Neither XCEU.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
XCEU.DE and FTGE.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCEU.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCEU.DE is cheaper with a 0.12% expense ratio, compared with 0.65% for FTGE.DE.
XCEU.DE tracks MSCI EMU NR EUR, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: DWS and First Trust. Their fees differ too: 0.12% for XCEU.DE and 0.65% for FTGE.DE.
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