XNAS.L vs. XD3E.L

Last updated Jun 26, 2026

XNAS.L (Xtrackers NASDAQ 100 UCITS ETF) and XD3E.L (Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D) are both exchange-traded funds - XNAS.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index, while XD3E.L is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, XNAS.L returned 23.79%/yr vs 11.99%/yr for XD3E.L. At a 0.38 correlation, their price movements are largely independent. XNAS.L charges 0.20%/yr vs 0.30%/yr for XD3E.L.

Performance

XNAS.L vs. XD3E.L - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) and Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNAS.L is traded in USD, while XD3E.L is traded in GBp. To make them comparable, the XD3E.L values have been converted to USD using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNAS.L achieves a 15.56% return, which is significantly higher than XD3E.L's 10.12% return.

XNAS.L

• 1D: -0.50%
• 1M: -1.93%
• YTD: 15.56%
• 6M: 14.86%
• 1Y: 32.35%
• 3Y*: 26.07%
• 5Y*: 23.79%
• 10Y*: —

XD3E.L

• 1D: 0.51%
• 1M: 1.07%
• YTD: 10.12%
• 6M: 10.25%
• 1Y: 23.88%
• 3Y*: 23.05%
• 5Y*: 11.99%
• 10Y*: 11.19%

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

XNAS.L vs. XD3E.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
XNAS.L Xtrackers NASDAQ 100 UCITS ETF	15.56%	19.82%	26.59%	88.40%	-25.44%	-8.88%
XD3E.L Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D	10.12%	50.23%	3.89%	21.63%	-14.54%	8.44%

Correlation

The correlation between XNAS.L and XD3E.L is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.31
Correlation (3Y) Calculated over the trailing 3-year period	0.36
Correlation (5Y) Calculated over the trailing 5-year period	0.38
Correlation (All Time) Calculated using the full available price history since Jan 21, 2021	0.38

XNAS.L vs. XD3E.L - Sectors Allocation Comparison

Sectors	XNAS.L	XD3E.L
Technology	53.7%	1.7%
Communication Services	15.8%	0.0%
Consumer Cyclical	12.2%	13.7%
Consumer Defensive	7.7%	8.4%
Healthcare	4.2%	4.3%
Industrials	3.1%	8.1%
Utilities	1.4%	7.9%
Basic Materials	1.1%	7.5%
Energy	0.6%	14.8%
Financial Services	0.2%	30.2%
Real Estate	0.1%	3.5%

Return for Risk

XNAS.L vs. XD3E.L — Risk / Return Rank

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

XNAS.L

XNAS.L Risk / Return Rank: 67
XNAS.L Sharpe Ratio Rank: 69
XNAS.L Sortino Ratio Rank: 69
XNAS.L Omega Ratio Rank: 66
XNAS.L Calmar Ratio Rank: 68
XNAS.L Martin Ratio Rank: 65

XD3E.L

XD3E.L Risk / Return Rank: 80
XD3E.L Sharpe Ratio Rank: 89
XD3E.L Sortino Ratio Rank: 85
XD3E.L Omega Ratio Rank: 89
XD3E.L Calmar Ratio Rank: 70
XD3E.L Martin Ratio Rank: 68

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.

XNAS.L vs. XD3E.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) and Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.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.

Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.

	XNAS.L	XD3E.L	Difference
Sharpe ratio: Return per unit of total volatility	1.93	1.87	+0.06
Sortino ratio: Return per unit of downside risk	2.72	2.51	+0.22
Omega ratio: Gain probability vs. loss probability	1.34	1.34	0.00
Calmar ratio: Return relative to maximum drawdown	2.95	2.49	+0.46
Martin ratio: Return relative to average drawdown	10.21	8.01	+2.20

XNAS.L vs. XD3E.L - Sharpe Ratio Comparison

The current XNAS.L Sharpe Ratio is 1.93, which is comparable to the XD3E.L Sharpe Ratio of 1.87. The chart below compares the historical Sharpe Ratios of XNAS.L and XD3E.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.

Drawdowns

XNAS.L vs. XD3E.L - Drawdown Comparison

The maximum XNAS.L drawdown since its inception was -34.26%, smaller than the maximum XD3E.L drawdown of -79.17%. Use the drawdown chart below to compare losses from any high point for XNAS.L and XD3E.L.

Drawdown Indicators

	XNAS.L	XD3E.L	Difference
Max Drawdown Largest peak-to-trough decline	-34.26%	-79.17%	+44.91%
Max Drawdown (1Y) Largest decline over 1 year	-10.91%	-9.55%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-22.92%	-14.56%	-8.36%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-35.77%	+8.25%
Max Drawdown (10Y) Largest decline over 10 years	—	-41.35%	—
Current Drawdown Current decline from peak	-4.17%	-1.74%	-2.43%
Average Drawdown Average peak-to-trough decline	-10.29%	-43.20%	+32.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.97%	+0.19%

Volatility

XNAS.L vs. XD3E.L - Volatility Comparison

Xtrackers NASDAQ 100 UCITS ETF (XNAS.L) has a higher volatility of 6.53% compared to Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D (XD3E.L) at 2.85%. This indicates that XNAS.L's price experiences larger fluctuations and is considered to be riskier than XD3E.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNAS.L	XD3E.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	6.53%	2.85%	+3.68%
Volatility (6M) Calculated over the trailing 6-month period	13.07%	10.10%	+2.97%
Volatility (1Y) Calculated over the trailing 1-year period	16.72%	12.73%	+3.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	22.81%	17.73%	+5.08%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	25.22%	17.62%	+7.60%

XNAS.L vs. XD3E.L - Expense Ratio Comparison

XNAS.L has a 0.20% expense ratio, which is lower than XD3E.L's 0.30% expense ratio.

Dividends

XNAS.L vs. XD3E.L - Dividend Comparison

XNAS.L has not paid dividends to shareholders, while XD3E.L's dividend yield for the trailing twelve months is around 4.37%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XD3E.L Xtrackers EURO STOXX Quality Dividend UCITS ETF 1D	4.37%	4.91%	5.50%	4.27%	4.42%	5.89%	5.87%	2.39%	4.49%	2.88%	2.71%	0.14%
XNAS.L Xtrackers NASDAQ 100 UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XNAS.L and XD3E.L in my portfolio?

XNAS.L and XD3E.L have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNAS.L or XD3E.L?

On fees, XNAS.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XNAS.L or XD3E.L?

XNAS.L is cheaper with a 0.20% expense ratio, compared with 0.30% for XD3E.L.

What is the main difference between XNAS.L and XD3E.L?

XNAS.L is categorized as Nasdaq-100, while XD3E.L is Europe Equities. XNAS.L tracks NASDAQ-100 Index, while XD3E.L tracks MSCI EMU NR EUR. Their fees differ too: 0.20% for XNAS.L and 0.30% for XD3E.L.