XDEM.DE vs. XNZN.DE
XDEM.DE (Xtrackers MSCI World Momentum Factor UCITS ETF 1C) and XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) are both exchange-traded funds - XDEM.DE is a Momentum fund tracking the MSCI World Momentum Index, while XNZN.DE is a Europe Equities fund tracking the MSCI Nordic Countries NR EUR. Both are passively managed. Over the past 3 years, XDEM.DE returned 26.15%/yr vs 5.54%/yr for XNZN.DE. A 0.53 correlation means they provide meaningful diversification when combined. XDEM.DE charges 0.25%/yr vs 0.15%/yr for XNZN.DE.
Performance
XDEM.DE vs. XNZN.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XDEM.DE achieves a 22.76% return, which is significantly higher than XNZN.DE's 0.62% return.
XDEM.DE
- 1D
- -0.95%
- 1M
- 8.67%
- YTD
- 22.76%
- 6M
- 23.73%
- 1Y
- 31.52%
- 3Y*
- 26.15%
- 5Y*
- 14.74%
- 10Y*
- 15.65%
XNZN.DE
- 1D
- 0.80%
- 1M
- 1.35%
- YTD
- 0.62%
- 6M
- 2.97%
- 1Y
- 1.40%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
XDEM.DE vs. XNZN.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XDEM.DE Xtrackers MSCI World Momentum Factor UCITS ETF 1C | 22.76% | 8.09% | 38.24% | 10.95% |
XNZN.DE Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.62% | 1.04% | 3.46% | 12.19% |
Correlation
The correlation between XDEM.DE and XNZN.DE is 0.49, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.49 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.53 |
The correlation between XDEM.DE and XNZN.DE has been stable across timeframes, ranging from 0.49 to 0.53 - a consistent structural relationship.
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Return for Risk
XDEM.DE vs. XNZN.DE — Risk / Return Rank
XDEM.DE
XNZN.DE
XDEM.DE vs. XNZN.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) and Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.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.
| XDEM.DE | XNZN.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.77 | ||
| Sortino ratioReturn per unit of downside risk | +2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.03 | +0.31 |
| Calmar ratioReturn relative to maximum drawdown | 3.47 | 0.11 | +3.36 |
| Martin ratioReturn relative to average drawdown | 13.27 | 0.29 | +12.99 |
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
| XDEM.DE | XNZN.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.86 | 0.09 | +1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.84 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.94 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.90 | 0.34 | +0.56 |
Drawdowns
XDEM.DE vs. XNZN.DE - Drawdown Comparison
The maximum XDEM.DE drawdown since its inception was -30.93%, which is greater than XNZN.DE's maximum drawdown of -23.90%. Use the drawdown chart below to compare losses from any high point for XDEM.DE and XNZN.DE.
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Drawdown Indicators
| XDEM.DE | XNZN.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.93% | -23.90% | -7.03% |
Max Drawdown (1Y)Largest decline over 1 year | -9.05% | -13.08% | +4.03% |
Max Drawdown (3Y)Largest decline over 3 years | -23.51% | -23.90% | +0.39% |
Max Drawdown (5Y)Largest decline over 5 years | -23.51% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -30.93% | — | — |
Current DrawdownCurrent decline from peak | -0.95% | -9.13% | +8.18% |
Average DrawdownAverage peak-to-trough decline | -5.97% | -7.13% | +1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 4.84% | -2.48% |
Volatility
XDEM.DE vs. XNZN.DE - Volatility Comparison
Xtrackers MSCI World Momentum Factor UCITS ETF 1C (XDEM.DE) has a higher volatility of 5.80% compared to Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) at 4.52%. This indicates that XDEM.DE's price experiences larger fluctuations and is considered to be riskier than XNZN.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XDEM.DE | XNZN.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.80% | 4.52% | +1.28% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 12.12% | +2.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.85% | 15.38% | +1.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.30% | 16.12% | +1.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.85% | 16.12% | +1.73% |
XDEM.DE vs. XNZN.DE - Expense Ratio Comparison
XDEM.DE has a 0.25% expense ratio, which is higher than XNZN.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
XDEM.DE vs. XNZN.DE - Dividend Comparison
Neither XDEM.DE nor XNZN.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEM.DE and XNZN.DE have a correlation of 0.49, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZN.DE is cheaper with a 0.15% expense ratio, compared with 0.25% for XDEM.DE.
XDEM.DE is categorized as Momentum, while XNZN.DE is Europe Equities. XDEM.DE tracks MSCI World Momentum Index, while XNZN.DE tracks MSCI Nordic Countries NR EUR. Their fees differ too: 0.25% for XDEM.DE and 0.15% for XNZN.DE.
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