XNZN.DE vs. EHF1.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and EHF1.DE (Amundi MSCI Europe High Dividend Factor UCITS ETF EUR) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while EHF1.DE tracks the MSCI Europe High Dividend Yield. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 14.05%/yr for EHF1.DE. A 0.61 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.23%/yr for EHF1.DE.
Performance
XNZN.DE vs. EHF1.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 lower than EHF1.DE's 5.17% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
EHF1.DE
- 1D
- 0.61%
- 1M
- -1.98%
- YTD
- 5.17%
- 6M
- 7.16%
- 1Y
- 12.60%
- 3Y*
- 14.05%
- 5Y*
- 11.31%
- 10Y*
- —
XNZN.DE vs. EHF1.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% | 12.19% |
EHF1.DE Amundi MSCI Europe High Dividend Factor UCITS ETF EUR | 5.17% | 19.17% | 9.83% | 7.24% |
Correlation
The correlation between XNZN.DE and EHF1.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.61 |
The correlation between XNZN.DE and EHF1.DE has been stable across timeframes, ranging from 0.57 to 0.61 - a consistent structural relationship.
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Return for Risk
XNZN.DE vs. EHF1.DE — Risk / Return Rank
XNZN.DE
EHF1.DE
XNZN.DE vs. EHF1.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 Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.22 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.25 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.09 | -1.98 |
| Martin ratioReturn relative to average drawdown | 0.29 | 5.91 | -5.63 |
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 | EHF1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.31 | -1.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.91 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.58 | -0.24 |
Drawdowns
XNZN.DE vs. EHF1.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum EHF1.DE drawdown of -38.13%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and EHF1.DE.
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Drawdown Indicators
| XNZN.DE | EHF1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -38.13% | +14.23% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -6.24% | -6.84% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -12.89% | -11.01% |
Max Drawdown (5Y)Largest decline over 5 years | — | -15.64% | — |
Current DrawdownCurrent decline from peak | -9.13% | -4.13% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.65% | -2.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 2.21% | +2.63% |
Volatility
XNZN.DE vs. EHF1.DE - Volatility Comparison
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) has a higher volatility of 4.52% compared to Amundi MSCI Europe High Dividend Factor UCITS ETF EUR (EHF1.DE) at 3.69%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than EHF1.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 | EHF1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.69% | +0.83% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 7.94% | +4.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 9.92% | +5.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 12.28% | +3.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 15.39% | +0.73% |
XNZN.DE vs. EHF1.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than EHF1.DE's 0.23% 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
XNZN.DE vs. EHF1.DE - Dividend Comparison
Neither XNZN.DE nor EHF1.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and EHF1.DE have a correlation of 0.57, 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 0.23% for EHF1.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while EHF1.DE tracks MSCI Europe High Dividend Yield. They also come from different issuers: DWS and Amundi. Their fees differ too: 0.15% for XNZN.DE and 0.23% for EHF1.DE.
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