XNZN.DE vs. EUPA.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 17.95%/yr for EUPA.DE. A 0.62 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.65%/yr for EUPA.DE.
Performance
XNZN.DE vs. EUPA.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 EUPA.DE's 8.36% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
EUPA.DE
- 1D
- 0.63%
- 1M
- -0.88%
- YTD
- 8.36%
- 6M
- 9.89%
- 1Y
- 17.44%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
XNZN.DE vs. EUPA.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% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 10.03% |
Correlation
The correlation between XNZN.DE and EUPA.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.62 |
The correlation between XNZN.DE and EUPA.DE has been stable across timeframes, ranging from 0.59 to 0.62 - a consistent structural relationship.
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Return for Risk
XNZN.DE vs. EUPA.DE — Risk / Return Rank
XNZN.DE
EUPA.DE
XNZN.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.48 | ||
| Sortino ratioReturn per unit of downside risk | -2.03 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.28 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 2.02 | -1.91 |
| Martin ratioReturn relative to average drawdown | 0.29 | 7.49 | -7.20 |
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 | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 1.57 | -1.48 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.30 | -0.97 |
Drawdowns
XNZN.DE vs. EUPA.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and EUPA.DE.
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Drawdown Indicators
| XNZN.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -10.28% | -13.62% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -8.44% | -4.64% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -10.28% | -13.62% |
Current DrawdownCurrent decline from peak | -9.13% | -2.77% | -6.36% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -1.91% | -5.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 2.28% | +2.56% |
Volatility
XNZN.DE vs. EUPA.DE - Volatility Comparison
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) has a higher volatility of 4.52% compared to Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.63% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 9.03% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 10.84% | +4.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 12.40% | +3.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 12.40% | +3.72% |
XNZN.DE vs. EUPA.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
XNZN.DE vs. EUPA.DE - Dividend Comparison
Neither XNZN.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and EUPA.DE have a correlation of 0.59, 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 0.65% for EUPA.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: DWS and Franklin Templeton. Their fees differ too: 0.15% for XNZN.DE and 0.65% for EUPA.DE.
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