XNZE.DE vs. ED3F.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - XNZE.DE is a Europe Equities fund tracking the MSCI EMU NR EUR, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, XNZE.DE returned 14.11% vs -4.47% for ED3F.DE. At a 0.24 correlation, their price movements are largely independent. XNZE.DE charges 0.15%/yr vs 0.40%/yr for ED3F.DE.
Performance
XNZE.DE vs. ED3F.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 higher than ED3F.DE's 0.02% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.46%
- YTD
- 0.02%
- 6M
- 4.71%
- 1Y
- -4.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNZE.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 3.95% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between XNZE.DE and ED3F.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.24 |
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Return for Risk
XNZE.DE vs. ED3F.DE — Risk / Return Rank
XNZE.DE
ED3F.DE
XNZE.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.00 | ||
| Sortino ratioReturn per unit of downside risk | +1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.01 | +0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | -0.08 | +1.33 |
| Martin ratioReturn relative to average drawdown | 4.26 | -0.18 | +4.44 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | -0.06 | +1.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.15 | +0.49 |
Drawdowns
XNZE.DE vs. ED3F.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum ED3F.DE drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and ED3F.DE.
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Drawdown Indicators
| XNZE.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -23.91% | +5.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -23.91% | +12.42% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | — | — |
Current DrawdownCurrent decline from peak | -0.34% | -20.80% | +20.46% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -8.37% | +4.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 10.25% | -6.88% |
Volatility
XNZE.DE vs. ED3F.DE - Volatility Comparison
The current volatility for Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) is 5.15%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that XNZE.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 10.58% | -5.43% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 22.80% | -10.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 30.60% | -15.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 30.42% | -13.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 30.42% | -13.58% |
XNZE.DE vs. ED3F.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
XNZE.DE vs. ED3F.DE - Dividend Comparison
Neither XNZE.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZE.DE and ED3F.DE have a correlation of 0.24, 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 0.40% for ED3F.DE.
XNZE.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. XNZE.DE tracks MSCI EMU NR EUR, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: DWS and Global X. Their fees differ too: 0.15% for XNZE.DE and 0.40% for ED3F.DE.
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