XNZE.DE vs. EHF1.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 14.05%/yr for EHF1.DE. A 0.70 correlation means they provide meaningful diversification when combined. XNZE.DE charges 0.15%/yr vs 0.23%/yr for EHF1.DE.
Performance
XNZE.DE vs. EHF1.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 EHF1.DE's 5.17% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
EHF1.DE
- 1D
- 0.61%
- 1M
- -1.98%
- YTD
- 5.17%
- 6M
- 7.16%
- 1Y
- 12.60%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
XNZE.DE vs. EHF1.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% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 14.12% | 2.25% |
Correlation
The correlation between XNZE.DE and EHF1.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.70 |
The correlation between XNZE.DE and EHF1.DE shifts across timeframes, from 0.58 (1 year) to 0.70 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XNZE.DE vs. EHF1.DE — Risk / Return Rank
XNZE.DE
EHF1.DE
XNZE.DE vs. EHF1.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 Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.25 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.09 | -0.84 |
| Martin ratioReturn relative to average drawdown | 4.26 | 5.91 | -1.65 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.31 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.58 | +0.07 |
Drawdowns
XNZE.DE vs. EHF1.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and EHF1.DE.
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Drawdown Indicators
| XNZE.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -38.13% | +19.45% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -6.24% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -12.89% | -4.47% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.64% | — |
Current DrawdownCurrent decline from peak | -0.34% | -4.13% | +3.79% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -4.65% | +0.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 2.21% | +1.16% |
Volatility
XNZE.DE vs. EHF1.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a higher volatility of 5.15% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 3.69% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 7.94% | +4.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 9.92% | +5.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 12.28% | +4.56% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 15.39% | +1.45% |
XNZE.DE vs. EHF1.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is lower than EHF1.DE's 0.23% 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
XNZE.DE vs. EHF1.DE - Dividend Comparison
Neither XNZE.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZE.DE and EHF1.DE have a correlation of 0.58, 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 0.23% for EHF1.DE.
XNZE.DE tracks MSCI EMU NR EUR, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.15% for XNZE.DE and 0.23% for EHF1.DE.
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