XNZE.DE vs. WTEE.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - XNZE.DE tracks the MSCI EMU NR EUR while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 17.15%/yr for WTEE.DE. A 0.69 correlation means they provide meaningful diversification when combined. XNZE.DE charges 0.15%/yr vs 0.29%/yr for WTEE.DE.
Performance
XNZE.DE vs. WTEE.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 WTEE.DE's 13.70% return.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
XNZE.DE vs. WTEE.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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 1.03% |
Correlation
The correlation between XNZE.DE and WTEE.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2022 | 0.69 |
The correlation between XNZE.DE and WTEE.DE has been stable across timeframes, ranging from 0.62 to 0.69 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. WTEE.DE — Risk / Return Rank
XNZE.DE
WTEE.DE
XNZE.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.42 | ||
| Sortino ratioReturn per unit of downside risk | -1.69 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.43 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.80 | -2.55 |
| Martin ratioReturn relative to average drawdown | 4.26 | 14.72 | -10.46 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 2.35 | -1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.08 | -0.43 |
Drawdowns
XNZE.DE vs. WTEE.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and WTEE.DE.
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Drawdown Indicators
| XNZE.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -16.45% | -2.23% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -6.78% | -4.71% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -14.12% | -3.24% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.45% | — |
Current DrawdownCurrent decline from peak | -0.34% | -1.96% | +1.62% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -2.65% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.75% | +1.62% |
Volatility
XNZE.DE vs. WTEE.DE - Volatility Comparison
Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.DE) has a higher volatility of 5.15% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 3.73% | +1.42% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 8.73% | +3.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 10.94% | +4.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 14.50% | +2.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 14.99% | +1.85% |
XNZE.DE vs. WTEE.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
XNZE.DE vs. WTEE.DE - Dividend Comparison
XNZE.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNZE.DE and WTEE.DE have a correlation of 0.62, 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 0.29% for WTEE.DE.
XNZE.DE tracks MSCI EMU NR EUR, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: DWS and WisdomTree. Their fees differ too: 0.15% for XNZE.DE and 0.29% for WTEE.DE.
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