XNZE.DE vs. XCTW.DE
XNZE.DE (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and XCTW.DE (Xtrackers MSCI World Climate Transition UCITS ETF) are both exchange-traded funds - XNZE.DE is a Europe Equities fund tracking the MSCI EMU NR EUR, while XCTW.DE is a Global Equities fund tracking the MSCI ACWI NR USD. Both are passively managed. Over the past 3 years, XNZE.DE returned 11.48%/yr vs 16.67%/yr for XCTW.DE. A 0.70 correlation means they provide meaningful diversification when combined. XNZE.DE charges 0.15%/yr vs 0.19%/yr for XCTW.DE.
Performance
XNZE.DE vs. XCTW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with XNZE.DE having a 9.92% return and XCTW.DE slightly lower at 9.85%.
XNZE.DE
- 1D
- 0.62%
- 1M
- 4.62%
- YTD
- 9.92%
- 6M
- 10.75%
- 1Y
- 14.11%
- 3Y*
- 11.48%
- 5Y*
- —
- 10Y*
- —
XCTW.DE
- 1D
- 0.05%
- 1M
- 3.46%
- YTD
- 9.85%
- 6M
- 9.83%
- 1Y
- 22.67%
- 3Y*
- 16.67%
- 5Y*
- —
- 10Y*
- —
XNZE.DE vs. XCTW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XNZE.DE Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C | 9.92% | 13.33% | 5.47% | 7.05% |
XCTW.DE Xtrackers MSCI World Climate Transition UCITS ETF | 9.85% | 7.28% | 25.26% | 12.68% |
Correlation
The correlation between XNZE.DE and XCTW.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Mar 10, 2023 | 0.70 |
The correlation between XNZE.DE and XCTW.DE has been stable across timeframes, ranging from 0.70 to 0.77 - a consistent structural relationship.
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Return for Risk
XNZE.DE vs. XCTW.DE — Risk / Return Rank
XNZE.DE
XCTW.DE
XNZE.DE vs. XCTW.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 World Climate Transition UCITS ETF (XCTW.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 | XCTW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.37 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.94 | -1.69 |
| Martin ratioReturn relative to average drawdown | 4.26 | 11.85 | -7.59 |
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 | XCTW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.94 | 1.96 | -1.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 1.29 | -0.64 |
Drawdowns
XNZE.DE vs. XCTW.DE - Drawdown Comparison
The maximum XNZE.DE drawdown since its inception was -18.68%, smaller than the maximum XCTW.DE drawdown of -21.64%. Use the drawdown chart below to compare losses from any high point for XNZE.DE and XCTW.DE.
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Drawdown Indicators
| XNZE.DE | XCTW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.68% | -21.64% | +2.96% |
Max Drawdown (1Y)Largest decline over 1 year | -11.49% | -7.72% | -3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -17.36% | -21.64% | +4.28% |
Current DrawdownCurrent decline from peak | -0.34% | -0.31% | -0.03% |
Average DrawdownAverage peak-to-trough decline | -4.16% | -2.65% | -1.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.37% | 1.92% | +1.45% |
Volatility
XNZE.DE vs. XCTW.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 World Climate Transition UCITS ETF (XCTW.DE) at 2.68%. This indicates that XNZE.DE's price experiences larger fluctuations and is considered to be riskier than XCTW.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 | XCTW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.15% | 2.68% | +2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 12.62% | 8.12% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.33% | 11.55% | +3.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.84% | 13.16% | +3.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.84% | 13.16% | +3.68% |
XNZE.DE vs. XCTW.DE - Expense Ratio Comparison
XNZE.DE has a 0.15% expense ratio, which is lower than XCTW.DE's 0.19% 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. XCTW.DE - Dividend Comparison
Neither XNZE.DE nor XCTW.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZE.DE and XCTW.DE have a correlation of 0.77, 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 0.19% for XCTW.DE.
XNZE.DE is categorized as Europe Equities, while XCTW.DE is Global Equities. XNZE.DE tracks MSCI EMU NR EUR, while XCTW.DE tracks MSCI ACWI NR USD. Their fees differ too: 0.15% for XNZE.DE and 0.19% for XCTW.DE.
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