XNZN.DE vs. EUN0.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 10.39%/yr for EUN0.DE. A 0.67 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.25%/yr for EUN0.DE.
Performance
XNZN.DE vs. EUN0.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 EUN0.DE's 5.60% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
XNZN.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 0.40% |
Correlation
The correlation between XNZN.DE and EUN0.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.67 |
The correlation between XNZN.DE and EUN0.DE has been stable across timeframes, ranging from 0.63 to 0.67 - a consistent structural relationship.
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Return for Risk
XNZN.DE vs. EUN0.DE — Risk / Return Rank
XNZN.DE
EUN0.DE
XNZN.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.53 | ||
| Sortino ratioReturn per unit of downside risk | -0.67 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.11 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 0.76 | -0.65 |
| Martin ratioReturn relative to average drawdown | 0.29 | 1.97 | -1.69 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.62 | -0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.66 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.63 | -0.30 |
Drawdowns
XNZN.DE vs. EUN0.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and EUN0.DE.
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Drawdown Indicators
| XNZN.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -30.68% | +6.78% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -7.16% | -5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -10.73% | -13.17% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.64% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -9.13% | -3.12% | -6.01% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -4.69% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 2.76% | +2.08% |
Volatility
XNZN.DE vs. EUN0.DE - Volatility Comparison
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) has a higher volatility of 4.52% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.03% | +1.49% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 7.20% | +4.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 8.77% | +6.61% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 11.02% | +5.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 12.51% | +3.61% |
XNZN.DE vs. EUN0.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than EUN0.DE'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
XNZN.DE vs. EUN0.DE - Dividend Comparison
Neither XNZN.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and EUN0.DE have a correlation of 0.63, 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 0.25% for EUN0.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: DWS and iShares. Their fees differ too: 0.15% for XNZN.DE and 0.25% for EUN0.DE.
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