XNZN.DE vs. ASWA.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, XNZN.DE returned 1.15% vs 0.26% for ASWA.DE. A 0.65 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.60%/yr for ASWA.DE.
Performance
XNZN.DE vs. ASWA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XNZN.DE achieves a 0.62% return, which is significantly higher than ASWA.DE's -10.58% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
ASWA.DE
- 1D
- -0.09%
- 1M
- -2.46%
- YTD
- -10.58%
- 6M
- -9.85%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XNZN.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
XNZN.DE Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.62% | 1.04% | 3.46% | 12.42% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
Correlation
The correlation between XNZN.DE and ASWA.DE is 0.50, 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 | 0.50 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.65 |
The correlation between XNZN.DE and ASWA.DE shifts across timeframes, from 0.50 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XNZN.DE vs. ASWA.DE — Risk / Return Rank
XNZN.DE
ASWA.DE
XNZN.DE vs. ASWA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) and HANetf European Green Deal UCITS ETF Acc (ASWA.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.
| XNZN.DE | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.08 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.06 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.01 | +0.10 |
| Martin ratioReturn relative to average drawdown | 0.29 | 0.03 | +0.26 |
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
| XNZN.DE | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.01 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | -0.04 | +0.37 |
Drawdowns
XNZN.DE vs. ASWA.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum ASWA.DE drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and ASWA.DE.
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Drawdown Indicators
| XNZN.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -30.36% | +6.46% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -30.36% | +17.28% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | — | — |
Current DrawdownCurrent decline from peak | -9.13% | -23.85% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -8.15% | +1.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 10.54% | -5.70% |
Volatility
XNZN.DE vs. ASWA.DE - Volatility Comparison
The current volatility for Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) is 4.52%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that XNZN.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNZN.DE | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 7.52% | -3.00% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 37.06% | -24.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 33.68% | -18.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 24.72% | -8.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 24.72% | -8.60% |
XNZN.DE vs. ASWA.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
XNZN.DE vs. ASWA.DE - Dividend Comparison
Neither XNZN.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and ASWA.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XNZN.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XNZN.DE is cheaper with a 0.15% expense ratio, compared with 0.60% for ASWA.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: DWS and HANetf. Their fees differ too: 0.15% for XNZN.DE and 0.60% for ASWA.DE.
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