XNZE.DE vs. D5BL.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 21.76%/yr for D5BL.DE. Their correlation of 0.84 suggests significant overlap in exposure. Both charge a 0.15% expense ratio.
Performance
XNZE.DE vs. D5BL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNZE.DE achieves a 9.92% return, which is significantly lower than D5BL.DE's 13.85% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
D5BL.DE
- 1D
- -0.38%
- 1M
- 2.55%
- YTD
- 13.85%
- 6M
- 17.04%
- 1Y
- 32.33%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
XNZE.DE vs. D5BL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 13.33% | 5.47% | 20.66% | -1.63% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | 0.21% |
Correlation
The correlation between XNZE.DE and D5BL.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.84 |
The correlation between XNZE.DE and D5BL.DE has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. D5BL.DE — Risk / Return Rank
XNZE.DE
D5BL.DE
XNZE.DE vs. D5BL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) and Xtrackers MSCI Europe Value UCITS ETF (D5BL.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.
| XNZE.DE | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.34 | ||
| Sortino ratioReturn per unit of downside risk | -1.77 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.42 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.28 | -2.03 |
| Martin ratioReturn relative to average drawdown | 4.26 | 12.52 | -8.26 |
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
| XNZE.DE | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.28 | -1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.48 | +0.17 |
Drawdowns
XNZE.DE vs. D5BL.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and D5BL.DE.
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Drawdown Indicators
| XNZE.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -40.40% | +21.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -10.02% | -1.47% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -17.36% | 0.00% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.58% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.40% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.22% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -7.23% | +3.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.63% | +0.74% |
Volatility
XNZE.DE vs. D5BL.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a higher volatility of 5.15% compared to Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) at 4.83%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier than D5BL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNZE.DE | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.83% | +0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 11.54% | +1.08% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 14.44% | +0.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 15.59% | +1.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 17.76% | -0.92% |
XNZE.DE vs. D5BL.DE - Expense Ratio Comparison
Both XNZE.DE and D5BL.DE have an expense ratio of 0.15%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
XNZE.DE vs. D5BL.DE - Dividend Comparison
Neither XNZE.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZE.DE and D5BL.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.15% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
XNZE.DE and D5BL.DE have the same expense ratio: 0.15% per year.
XNZE.DE tracks MSCI EMU NR EUR, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: DWS and Xtrackers.
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