XNZE.DE vs. SC0D.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 15.50%/yr for SC0D.DE. With a 0.96 correlation, they move nearly in lockstep. XNZE.DE charges 0.15%/yr vs 0.05%/yr for SC0D.DE.
Performance
XNZE.DE vs. SC0D.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 SC0D.DE's 7.29% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
SC0D.DE
- 1D
- 0.74%
- 1M
- 1.96%
- YTD
- 7.29%
- 6M
- 8.66%
- 1Y
- 15.55%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
XNZE.DE vs. SC0D.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% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | 4.67% |
Correlation
The correlation between XNZE.DE and SC0D.DE is 0.95 - 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.96 |
The correlation between XNZE.DE and SC0D.DE has been stable across timeframes, ranging from 0.95 to 0.96 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. SC0D.DE — Risk / Return Rank
XNZE.DE
SC0D.DE
XNZE.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.43 | -0.18 |
| Martin ratioReturn relative to average drawdown | 4.26 | 4.87 | -0.61 |
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 | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 0.98 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.64 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.56 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.46 | +0.18 |
Drawdowns
XNZE.DE vs. SC0D.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and SC0D.DE.
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Drawdown Indicators
| XNZE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -38.50% | +19.82% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -10.93% | -0.56% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -16.54% | -0.82% |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.38% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.50% | — |
Current DrawdownCurrent decline from peak | -0.34% | -0.53% | +0.19% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -7.22% | +3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 3.21% | +0.16% |
Volatility
XNZE.DE vs. SC0D.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) have volatilities of 5.15% and 4.94%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNZE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 4.94% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 12.94% | -0.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 15.95% | -0.62% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 17.53% | -0.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 18.27% | -1.43% |
XNZE.DE vs. SC0D.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio. However, 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. SC0D.DE - Dividend Comparison
Neither XNZE.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, XNZE.DE and SC0D.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, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.15% for XNZE.DE.
XNZE.DE tracks MSCI EMU NR EUR, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: DWS and Invesco. Their fees differ too: 0.15% for XNZE.DE and 0.05% for SC0D.DE.
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