XNZE.L vs. EEI.L

Last updated Jun 5, 2026

XNZE.L (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and EEI.L (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - XNZE.L tracks the MSCI EMU NR EUR while EEI.L tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. A 0.71 correlation means they provide meaningful diversification when combined. XNZE.L charges 0.15%/yr vs 0.29%/yr for EEI.L.

Performance

XNZE.L vs. EEI.L - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZE.L) and WisdomTree Europe Equity Income UCITS ETF (EEI.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNZE.L is traded in GBP, while EEI.L is traded in GBp. To make them comparable, the EEI.L values have been converted to GBP using the latest available exchange rates.

Returns By Period

XNZE.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

EEI.L

• 1D: -0.21%
• 1M: 1.61%
• YTD: 10.61%
• 6M: 13.56%
• 1Y: 22.61%
• 3Y*: 10.39%
• 5Y*: 6.38%
• 10Y*: 4.18%

*Multi-year figures are annualized to reflect compound growth (CAGR)

XNZE.L vs. EEI.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XNZE.L Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C	0.28%	18.74%	1.88%	16.90%	12.01%
EEI.L WisdomTree Europe Equity Income UCITS ETF	10.61%	26.84%	-7.65%	5.93%	9.25%

Correlation

The correlation between XNZE.L and EEI.L is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.70
Correlation (All Time) Calculated using the full available price history since Mar 9, 2022	0.71

The correlation between XNZE.L and EEI.L shifts across timeframes, from 0.60 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.

XNZE.L vs. EEI.L - Sectors Allocation Comparison

Sectors	XNZE.L	EEI.L
Technology	22.6%	1.5%
Financial Services	20.5%	24.7%
Industrials	12.9%	15.3%
Consumer Cyclical	11.9%	3.3%
Healthcare	10.6%	2.8%
Communication Services	6.7%	8.6%
Consumer Defensive	6.4%	2.3%
Basic Materials	3.6%	8.3%
Real Estate	2.4%	4.8%
Utilities	2.4%	16.7%
Energy	-	11.6%

Return for Risk

XNZE.L vs. EEI.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

EEI.L

EEI.L Risk / Return Rank: 60
EEI.L Sharpe Ratio Rank: 63
EEI.L Sortino Ratio Rank: 58
EEI.L Omega Ratio Rank: 64
EEI.L Calmar Ratio Rank: 56
EEI.L Martin Ratio Rank: 60

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

XNZE.L vs. EEI.L - 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.L) and WisdomTree Europe Equity Income UCITS ETF (EEI.L). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XNZE.L	EEI.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.07	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.27	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.21	—

Drawdowns

Drawdown Indicators

	XNZE.L	EEI.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-37.68%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-8.29%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-14.75%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-17.71%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-37.68%	—
Current Drawdown Current decline from peak	—	-0.98%	—
Average Drawdown Average peak-to-trough decline	—	-11.38%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.14%	—

Volatility

Volatility by Period

	XNZE.L	EEI.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.45%	—
Volatility (6M) Calculated over the trailing 6-month period	—	8.55%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	10.89%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	13.75%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.52%	—

XNZE.L vs. EEI.L - Expense Ratio Comparison

XNZE.L has a 0.15% expense ratio, which is lower than EEI.L's 0.29% expense ratio.

Dividends

XNZE.L vs. EEI.L - Dividend Comparison

XNZE.L has not paid dividends to shareholders, while EEI.L's dividend yield for the trailing twelve months is around 0.05%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
EEI.L WisdomTree Europe Equity Income UCITS ETF	0.05%	0.05%	0.07%	0.06%	0.05%	0.05%	0.06%	0.06%	0.05%	0.04%	0.03%	0.04%
XNZE.L Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both XNZE.L and EEI.L in my portfolio?

XNZE.L and EEI.L have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNZE.L or EEI.L?

On fees, XNZE.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XNZE.L or EEI.L?

XNZE.L is cheaper with a 0.15% expense ratio, compared with 0.29% for EEI.L.

What is the main difference between XNZE.L and EEI.L?

XNZE.L tracks MSCI EMU NR EUR, while EEI.L tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: DWS and WisdomTree. Their fees differ too: 0.15% for XNZE.L and 0.29% for EEI.L.