XNAS.DE vs. N1ES.DE
XNAS.DE (Xtrackers Nasdaq 100 UCITS ETF 1C) and N1ES.DE (Invesco Nasdaq-100 ESG UCITS ETF Acc) are both Nasdaq-100 funds - XNAS.DE tracks the Nasdaq 100® while N1ES.DE tracks the Nasdaq 100® ESG. Both are passively managed. Over the past 3 years, XNAS.DE returned 24.64%/yr vs 25.46%/yr for N1ES.DE. With a 0.99 correlation, they move nearly in lockstep. XNAS.DE charges 0.20%/yr vs 0.25%/yr for N1ES.DE.
Performance
XNAS.DE vs. N1ES.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with XNAS.DE having a 20.53% return and N1ES.DE slightly higher at 21.31%.
XNAS.DE
- 1D
- -0.83%
- 1M
- 9.23%
- YTD
- 20.53%
- 6M
- 19.39%
- 1Y
- 37.85%
- 3Y*
- 24.64%
- 5Y*
- 18.79%
- 10Y*
- —
N1ES.DE
- 1D
- -0.74%
- 1M
- 10.39%
- YTD
- 21.31%
- 6M
- 20.40%
- 1Y
- 40.26%
- 3Y*
- 25.46%
- 5Y*
- —
- 10Y*
- —
XNAS.DE vs. N1ES.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
XNAS.DE Xtrackers Nasdaq 100 UCITS ETF 1C | 20.53% | 7.11% | 33.75% | 51.36% | -29.99% | 8.08% |
N1ES.DE Invesco Nasdaq-100 ESG UCITS ETF Acc | 21.31% | 8.26% | 33.55% | 51.62% | -29.13% | 9.35% |
Correlation
The correlation between XNAS.DE and N1ES.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2021 | 0.99 |
The correlation between XNAS.DE and N1ES.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
XNAS.DE vs. N1ES.DE — Risk / Return Rank
XNAS.DE
N1ES.DE
XNAS.DE vs. N1ES.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) and Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.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.
| XNAS.DE | N1ES.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.02 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.42 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.77 | 3.69 | +0.08 |
| Martin ratioReturn relative to average drawdown | 11.16 | 10.62 | +0.55 |
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
| XNAS.DE | N1ES.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.40 | 2.42 | -0.02 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.91 | 0.81 | +0.09 |
Drawdowns
XNAS.DE vs. N1ES.DE - Drawdown Comparison
The maximum XNAS.DE drawdown since its inception was -31.25%, roughly equal to the maximum N1ES.DE drawdown of -29.96%. Use the drawdown chart below to compare losses from any high point for XNAS.DE and N1ES.DE.
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Drawdown Indicators
| XNAS.DE | N1ES.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.25% | -29.96% | -1.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.00% | -10.86% | +0.86% |
Max Drawdown (3Y)Largest decline over 3 years | -26.72% | -26.65% | -0.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.25% | — | — |
Current DrawdownCurrent decline from peak | -0.83% | -0.74% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -7.83% | -8.51% | +0.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.38% | 3.78% | -0.40% |
Volatility
XNAS.DE vs. N1ES.DE - Volatility Comparison
The current volatility for Xtrackers Nasdaq 100 UCITS ETF 1C (XNAS.DE) is 4.31%, while Invesco Nasdaq-100 ESG UCITS ETF Acc (N1ES.DE) has a volatility of 4.64%. This indicates that XNAS.DE experiences smaller price fluctuations and is considered to be less risky than N1ES.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNAS.DE | N1ES.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.31% | 4.64% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 10.91% | 11.63% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.71% | 16.59% | -0.88% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.88% | 20.73% | -0.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.84% | 20.73% | -0.89% |
XNAS.DE vs. N1ES.DE - Expense Ratio Comparison
XNAS.DE has a 0.20% expense ratio, which is lower than N1ES.DE's 0.25% 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
XNAS.DE vs. N1ES.DE - Dividend Comparison
Neither XNAS.DE nor N1ES.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, XNAS.DE and N1ES.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, XNAS.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNAS.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for N1ES.DE.
XNAS.DE tracks Nasdaq 100®, while N1ES.DE tracks Nasdaq 100® ESG. They also come from different issuers: Xtrackers and Invesco. Their fees differ too: 0.20% for XNAS.DE and 0.25% for N1ES.DE.
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