XCO2.DE vs. TNOW.L

Last updated Jun 5, 2026

XCO2.DE (Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc) and TNOW.L (Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)) are both exchange-traded funds - XCO2.DE is a Global Corporate Bonds fund tracking the Bloomberg Gbl Agg Corp TR USD, while TNOW.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 5 years, XCO2.DE returned -0.67%/yr vs 22.16%/yr for TNOW.L. At a 0.12 correlation, their price movements are largely independent. XCO2.DE charges 0.15%/yr vs 0.30%/yr for TNOW.L.

Performance

XCO2.DE vs. TNOW.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) and Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XCO2.DE is traded in EUR, while TNOW.L is traded in USD. To make them comparable, the TNOW.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XCO2.DE achieves a 0.67% return, which is significantly lower than TNOW.L's 25.66% return.

XCO2.DE

• 1D: 0.16%
• 1M: 0.43%
• YTD: 0.67%
• 6M: 0.74%
• 1Y: 1.74%
• 3Y*: 3.31%
• 5Y*: -0.67%
• 10Y*: —

TNOW.L

• 1D: -2.11%
• 1M: 14.64%
• YTD: 25.66%
• 6M: 23.74%
• 1Y: 48.40%
• 3Y*: 28.83%
• 5Y*: 22.16%
• 10Y*: 23.74%

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

XCO2.DE vs. TNOW.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
XCO2.DE Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc	0.67%	1.13%	4.41%	5.82%	-15.31%	-2.31%	3.85%	-2.24%
TNOW.L Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD)	25.68%	7.22%	42.85%	49.61%	-27.56%	39.66%	31.95%	10.54%

Correlation

The correlation between XCO2.DE and TNOW.L is 0.29, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.29
Correlation (3Y) Calculated over the trailing 3-year period	0.16
Correlation (5Y) Calculated over the trailing 5-year period	0.12
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019	0.12

The correlation between XCO2.DE and TNOW.L shifts across timeframes, from 0.12 (all time) to 0.29 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XCO2.DE vs. TNOW.L — Risk / Return Rank

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

XCO2.DE

XCO2.DE Risk / Return Rank: 19
XCO2.DE Sharpe Ratio Rank: 20
XCO2.DE Sortino Ratio Rank: 19
XCO2.DE Omega Ratio Rank: 18
XCO2.DE Calmar Ratio Rank: 18
XCO2.DE Martin Ratio Rank: 20

TNOW.L

TNOW.L Risk / Return Rank: 67
TNOW.L Sharpe Ratio Rank: 77
TNOW.L Sortino Ratio Rank: 74
TNOW.L Omega Ratio Rank: 69
TNOW.L Calmar Ratio Rank: 61
TNOW.L Martin Ratio Rank: 53

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.

XCO2.DE vs. TNOW.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) and Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L). 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.

	XCO2.DE	TNOW.L	Difference
Sharpe ratio: Return per unit of total volatility	0.65	2.29	-1.65
Sortino ratio: Return per unit of downside risk	0.97	3.00	-2.04
Omega ratio: Gain probability vs. loss probability	1.11	1.38	-0.27
Calmar ratio: Return relative to maximum drawdown	0.70	2.97	-2.27
Martin ratio: Return relative to average drawdown	2.22	7.87	-5.65
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XCO2.DE vs. TNOW.L - Sharpe Ratio Comparison

The current XCO2.DE Sharpe Ratio is 0.65, which is lower than the TNOW.L Sharpe Ratio of 2.29. The chart below compares the historical Sharpe Ratios of XCO2.DE and TNOW.L, 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

	XCO2.DE	TNOW.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.65	2.29	-1.65
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.14	0.95	-1.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	1.08	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.16	1.07	-1.23

Drawdowns

XCO2.DE vs. TNOW.L - Drawdown Comparison

The maximum XCO2.DE drawdown since its inception was -17.90%, smaller than the maximum TNOW.L drawdown of -31.49%. Use the drawdown chart below to compare losses from any high point for XCO2.DE and TNOW.L.

Drawdown Indicators

	XCO2.DE	TNOW.L	Difference
Max Drawdown Largest peak-to-trough decline	-17.90%	-31.49%	+13.59%
Max Drawdown (1Y) Largest decline over 1 year	-2.36%	-16.20%	+13.84%
Max Drawdown (3Y) Largest decline over 3 years	-2.45%	-29.69%	+27.24%
Max Drawdown (5Y) Largest decline over 5 years	-17.26%	-29.69%	+12.43%
Max Drawdown (10Y) Largest decline over 10 years	—	-31.49%	—
Current Drawdown Current decline from peak	-7.63%	-2.43%	-5.20%
Average Drawdown Average peak-to-trough decline	-8.62%	-5.60%	-3.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	0.75%	6.14%	-5.39%

Volatility

XCO2.DE vs. TNOW.L - Volatility Comparison

The current volatility for Lyxor Global Green Bond 1-10 Y (DR) UCITS ETF - Acc (XCO2.DE) is 0.81%, while Lyxor MSCI World Information Technology TR UCITS ETF - Acc (USD) (TNOW.L) has a volatility of 7.63%. This indicates that XCO2.DE experiences smaller price fluctuations and is considered to be less risky than TNOW.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XCO2.DE	TNOW.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	0.81%	7.63%	-6.82%
Volatility (6M) Calculated over the trailing 6-month period	2.01%	15.72%	-13.71%
Volatility (1Y) Calculated over the trailing 1-year period	2.55%	21.00%	-18.45%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	4.88%	23.27%	-18.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	5.25%	21.90%	-16.65%

XCO2.DE vs. TNOW.L - Expense Ratio Comparison

XCO2.DE has a 0.15% expense ratio, which is lower than TNOW.L's 0.30% expense ratio.

Dividends

XCO2.DE vs. TNOW.L - Dividend Comparison

Neither XCO2.DE nor TNOW.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XCO2.DE and TNOW.L in my portfolio?

XCO2.DE and TNOW.L have a correlation of 0.29, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XCO2.DE or TNOW.L?

On fees, XCO2.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XCO2.DE or TNOW.L?

XCO2.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for TNOW.L.

What is the main difference between XCO2.DE and TNOW.L?

XCO2.DE is categorized as Global Corporate Bonds, while TNOW.L is Technology Equities. XCO2.DE tracks Bloomberg Gbl Agg Corp TR USD, while TNOW.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.15% for XCO2.DE and 0.30% for TNOW.L.