XNZE.L vs. JRDZ.L

Last updated Jun 5, 2026

XNZE.L (Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C) and JRDZ.L (JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)) are both Europe Equities funds tracking the MSCI EMU NR EUR, from DWS and JPMorgan respectively. Both are passively managed. At a 0.10 correlation, their price movements are largely independent. XNZE.L charges 0.15%/yr vs 0.25%/yr for JRDZ.L.

Performance

XNZE.L vs. JRDZ.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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNZE.L is traded in GBP, while JRDZ.L is traded in GBp. To make them comparable, the JRDZ.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*: —

JRDZ.L

• 1D: 0.42%
• 1M: 4.70%
• YTD: 8.20%
• 6M: 10.44%
• 1Y: 22.17%
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

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

	2026 (YTD)	2025	2024
XNZE.L Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C	0.28%	18.74%	-0.54%
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	8.20%	31.47%	-1.85%

Correlation

The correlation between XNZE.L and JRDZ.L is 0.10, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.10
Correlation (All Time) Calculated using the full available price history since Oct 31, 2024	0.10

Return for Risk

XNZE.L vs. JRDZ.L — Risk / Return Rank

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

JRDZ.L

JRDZ.L Risk / Return Rank: 99
JRDZ.L Sharpe Ratio Rank: 99
JRDZ.L Sortino Ratio Rank: 99
JRDZ.L Omega Ratio Rank: 98
JRDZ.L Calmar Ratio Rank: 99
JRDZ.L Martin Ratio Rank: 98

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. JRDZ.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 JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist) (JRDZ.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	JRDZ.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	6.59	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	7.14	—

Drawdowns

Drawdown Indicators

	XNZE.L	JRDZ.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-4.00%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-4.00%	—
Current Drawdown Current decline from peak	—	-0.05%	—
Average Drawdown Average peak-to-trough decline	—	-1.05%	—

Volatility

Volatility by Period

	XNZE.L	JRDZ.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.56%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	20.18%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	23.37%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	23.37%	—

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

XNZE.L has a 0.15% expense ratio, which is lower than JRDZ.L's 0.25% 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.L vs. JRDZ.L - Dividend Comparison

XNZE.L has not paid dividends to shareholders, while JRDZ.L's dividend yield for the trailing twelve months is around 2.29%.

Position	TTM	2025	2024
JRDZ.L JPMorgan Eurozone Research Enhanced Index Equity (ESG) UCITS ETF EUR (dist)	2.29%	2.55%	0.19%
XNZE.L Xtrackers EMU Net Zero Pathway Paris Aligned UCITS ETF 1C	0.00%	0.00%	0.00%

Frequently Asked Questions

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

XNZE.L and JRDZ.L have a correlation of 0.10, 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 JRDZ.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 JRDZ.L?

XNZE.L is cheaper with a 0.15% expense ratio, compared with 0.25% for JRDZ.L.

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

Both ETFs track MSCI EMU NR EUR. They also come from different issuers: DWS and JPMorgan. Their fees differ too: 0.15% for XNZE.L and 0.25% for JRDZ.L.