XNZN.DE vs. BRK-B

Last updated Apr 3, 2026

Compare and contrast key facts about Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) and Berkshire Hathaway Inc. (BRK-B).

XNZN.DE is a passively managed fund by DWS that tracks the performance of the MSCI Nordic Countries NR EUR. It was launched on Apr 12, 2023.

Performance

XNZN.DE vs. BRK-B - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) and Berkshire Hathaway Inc. (BRK-B). The values are adjusted to include any dividend payments, if applicable.

XNZN.DE vs. BRK-B - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
XNZN.DE Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C	-5.17%	1.04%	3.46%	12.19%
BRK-B Berkshire Hathaway Inc.	-3.31%	-2.27%	35.48%	11.32%

Different Trading Currencies

XNZN.DE is traded in EUR, while BRK-B is traded in USD. To make them comparable, the BRK-B values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, XNZN.DE achieves a -5.17% return, which is significantly lower than BRK-B's -3.34% return.

XNZN.DE

• 1D: -0.15%
• 1M: 0.60%
• YTD: -5.17%
• 6M: -1.88%
• 1Y: -2.23%
• 3Y*: —
• 5Y*: —
• 10Y*: —

BRK-B

• 1D: 0.00%
• 1M: -0.21%
• YTD: -3.34%
• 6M: -2.25%
• 1Y: -16.70%
• 3Y*: 13.26%
• 5Y*: 13.54%
• 10Y*: 12.65%

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

Return for Risk

XNZN.DE vs. BRK-B — Risk / Return Rank

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

XNZN.DE

XNZN.DE Risk / Return Rank: 9
XNZN.DE Sharpe Ratio Rank: 9
XNZN.DE Sortino Ratio Rank: 9
XNZN.DE Omega Ratio Rank: 9
XNZN.DE Calmar Ratio Rank: 10
XNZN.DE Martin Ratio Rank: 10

BRK-B

BRK-B Risk / Return Rank: 15
BRK-B Sharpe Ratio Rank: 14
BRK-B Sortino Ratio Rank: 15
BRK-B Omega Ratio Rank: 14
BRK-B Calmar Ratio Rank: 15
BRK-B Martin Ratio Rank: 17

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.

XNZN.DE vs. BRK-B - 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 Berkshire Hathaway Inc. (BRK-B). 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	BRK-B	Difference
Sharpe ratio Return per unit of total volatility	-0.13	-0.85	+0.72
Sortino ratio Return per unit of downside risk	-0.05	-1.07	+1.01
Omega ratio Gain probability vs. loss probability	0.99	0.86	+0.14
Calmar ratio Return relative to maximum drawdown	-0.05	-0.79	+0.74
Martin ratio Return relative to average drawdown	-0.13	-1.12	+1.00
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XNZN.DE vs. BRK-B - Sharpe Ratio Comparison

The current XNZN.DE Sharpe Ratio is -0.13, which is higher than the BRK-B Sharpe Ratio of -0.85. The chart below compares the historical Sharpe Ratios of XNZN.DE and BRK-B, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	XNZN.DE	BRK-B	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-0.13	-0.85	+0.72
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.78	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.23	0.51	-0.28

Correlation

The correlation between XNZN.DE and BRK-B is 0.13, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.

Dividends

XNZN.DE vs. BRK-B - Dividend Comparison

Neither XNZN.DE nor BRK-B has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

XNZN.DE vs. BRK-B - Drawdown Comparison

The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum BRK-B drawdown of -45.91%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and BRK-B.

Drawdown Indicators

	XNZN.DE	BRK-B	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-53.86%	+29.96%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-14.95%	+1.87%
Max Drawdown (5Y) Largest decline over 5 years	—	-26.58%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-29.57%	—
Current Drawdown Current decline from peak	-14.36%	-11.57%	-2.79%
Average Drawdown Average peak-to-trough decline	-6.98%	-11.07%	+4.09%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.58%	8.75%	-4.17%

Volatility

XNZN.DE vs. BRK-B - Volatility Comparison

Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) has a higher volatility of 5.74% compared to Berkshire Hathaway Inc. (BRK-B) at 4.28%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than BRK-B based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNZN.DE	BRK-B	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.74%	4.28%	+1.46%
Volatility (6M) Calculated over the trailing 6-month period	11.05%	11.68%	-0.63%
Volatility (1Y) Calculated over the trailing 1-year period	17.60%	19.78%	-2.18%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.99%	17.44%	-1.45%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.99%	20.14%	-4.15%