XCTW.DE vs. XNZE.DE
XCTW.DE (Xtrackers MSCI World Climate Transition UCITS ETF) and XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) are both exchange-traded funds - XCTW.DE is a Global Equities fund tracking the MSCI ACWI NR USD, while XNZE.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 3 years, XCTW.DE returned 16.67%/yr vs 11.48%/yr for XNZE.DE. A 0.70 correlation means they provide meaningful diversification when combined. XCTW.DE charges 0.19%/yr vs 0.15%/yr for XNZE.DE.
Performance
XCTW.DE vs. XNZE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XCTW.DE having a 9.85% return and XNZE.DE slightly higher at 9.92%.
XCTW.DE
- 1D
- 0.05%
- 1M
- 4.92%
- YTD
- 9.85%
- 6M
- 10.34%
- 1Y
- 22.78%
- 3Y*
- 16.67%
- 5Y*
- —
- 10Y*
- —
XNZE.DE
- 1D
- 0.62%
- 1M
- 7.50%
- YTD
- 9.92%
- 6M
- 10.97%
- 1Y
- 14.40%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
XCTW.DE vs. XNZE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XCTW.DE Xtrackers MSCI World Climate Transition UCITS ETF | 9.85% | 7.28% | 25.26% | 12.68% |
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 13.33% | 5.47% | 7.05% |
Correlation
The correlation between XCTW.DE and XNZE.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.70 |
The correlation between XCTW.DE and XNZE.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
XCTW.DE vs. XNZE.DE — Risk / Return Rank
XCTW.DE
XNZE.DE
XCTW.DE vs. XNZE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Climate Transition UCITS ETF (XCTW.DE) and Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.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.
| XCTW.DE | XNZE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.18 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.94 | 1.25 | +1.69 |
| Martin ratioReturn relative to average drawdown | 11.85 | 4.26 | +7.59 |
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
| XCTW.DE | XNZE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.96 | 0.94 | +1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.29 | 0.65 | +0.64 |
Drawdowns
XCTW.DE vs. XNZE.DE - Drawdown Comparison
The maximum XCTW.DE drawdown since its inception was -21.64%, which is greater than XNZE.DE's maximum drawdown of -18.68%. Use the drawdown chart below to compare losses from any high point for XCTW.DE and XNZE.DE.
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Drawdown Indicators
| XCTW.DE | XNZE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.64% | -18.68% | -2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -7.72% | -11.49% | +3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -21.64% | -17.36% | -4.28% |
Current DrawdownCurrent decline from peak | -0.31% | -0.34% | +0.03% |
Average DrawdownAverage peak-to-trough decline | -2.65% | -4.16% | +1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 3.37% | -1.45% |
Volatility
XCTW.DE vs. XNZE.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Climate Transition UCITS ETF (XCTW.DE) is 2.68%, while Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a volatility of 5.15%. This indicates that XCTW.DE experiences smaller price fluctuations and is considered to be less risky than XNZE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCTW.DE | XNZE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.68% | 5.15% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 8.12% | 12.62% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.55% | 15.33% | -3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.16% | 16.84% | -3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.16% | 16.84% | -3.68% |
XCTW.DE vs. XNZE.DE - Expense Ratio Comparison
XCTW.DE has a 0.19% expense ratio, which is higher than XNZE.DE's 0.15% 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
XCTW.DE vs. XNZE.DE - Dividend Comparison
Neither XCTW.DE nor XNZE.DE has paid dividends to shareholders.
Frequently Asked Questions
XCTW.DE and XNZE.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZE.DE is cheaper with a 0.15% expense ratio, compared with 0.19% for XCTW.DE.
XCTW.DE is categorized as Global Equities, while XNZE.DE is Europe Equities. XCTW.DE tracks MSCI ACWI NR USD, while XNZE.DE tracks MSCI EMU NR EUR. Their fees differ too: 0.19% for XCTW.DE and 0.15% for XNZE.DE.
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