XNZN.DE vs. EUPE.DE

Last updated Jun 5, 2026

XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 11.71%/yr for EUPE.DE. A 0.71 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.65%/yr for EUPE.DE.

Performance

XNZN.DE vs. EUPE.DE - 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 Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XNZN.DE achieves a 0.62% return, which is significantly lower than EUPE.DE's 15.44% return.

XNZN.DE

• 1D: 0.80%
• 1M: -0.39%
• YTD: 0.62%
• 6M: 2.71%
• 1Y: 1.15%
• 3Y*: 5.54%
• 5Y*: —
• 10Y*: —

EUPE.DE

• 1D: 0.35%
• 1M: 0.49%
• YTD: 15.44%
• 6M: 15.81%
• 1Y: 24.47%
• 3Y*: 11.71%
• 5Y*: 8.60%
• 10Y*: 8.97%

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

XNZN.DE vs. EUPE.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%
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)	15.44%	12.45%	2.14%	1.54%

Correlation

The correlation between XNZN.DE and EUPE.DE is 0.62, 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	0.62
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023	0.71

The correlation between XNZN.DE and EUPE.DE has been stable across timeframes, ranging from 0.62 to 0.71 - a consistent structural relationship.

Return for Risk

XNZN.DE vs. EUPE.DE — 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: 10
XNZN.DE Sharpe Ratio Rank: 10
XNZN.DE Sortino Ratio Rank: 10
XNZN.DE Omega Ratio Rank: 10
XNZN.DE Calmar Ratio Rank: 10
XNZN.DE Martin Ratio Rank: 11

EUPE.DE

EUPE.DE Risk / Return Rank: 69
EUPE.DE Sharpe Ratio Rank: 66
EUPE.DE Sortino Ratio Rank: 68
EUPE.DE Omega Ratio Rank: 63
EUPE.DE Calmar Ratio Rank: 81
EUPE.DE Martin Ratio Rank: 64

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. EUPE.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® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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	EUPE.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.09	2.17	-2.08
Sortino ratio: Return per unit of downside risk	0.24	3.09	-2.85
Omega ratio: Gain probability vs. loss probability	1.03	1.37	-0.35
Calmar ratio: Return relative to maximum drawdown	0.11	4.19	-4.08
Martin ratio: Return relative to average drawdown	0.29	11.50	-11.21
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. EUPE.DE - Sharpe Ratio Comparison

The current XNZN.DE Sharpe Ratio is 0.09, which is lower than the EUPE.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of XNZN.DE and EUPE.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XNZN.DE	EUPE.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.09	2.17	-2.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.65	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.60	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.34	0.46	-0.13

Drawdowns

XNZN.DE vs. EUPE.DE - Drawdown Comparison

The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum EUPE.DE drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and EUPE.DE.

Drawdown Indicators

	XNZN.DE	EUPE.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.90%	-32.64%	+8.74%
Max Drawdown (1Y) Largest decline over 1 year	-13.08%	-5.82%	-7.26%
Max Drawdown (3Y) Largest decline over 3 years	-23.90%	-15.63%	-8.27%
Max Drawdown (5Y) Largest decline over 5 years	—	-15.63%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-32.64%	—
Current Drawdown Current decline from peak	-9.13%	-3.04%	-6.09%
Average Drawdown Average peak-to-trough decline	-7.13%	-4.95%	-2.18%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.84%	2.13%	+2.71%

Volatility

XNZN.DE vs. EUPE.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® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.64%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XNZN.DE	EUPE.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.52%	3.64%	+0.88%
Volatility (6M) Calculated over the trailing 6-month period	12.12%	8.56%	+3.56%
Volatility (1Y) Calculated over the trailing 1-year period	15.38%	11.27%	+4.11%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.12%	13.17%	+2.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	16.12%	14.99%	+1.13%

XNZN.DE vs. EUPE.DE - Expense Ratio Comparison

XNZN.DE has a 0.15% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.

Dividends

XNZN.DE vs. EUPE.DE - Dividend Comparison

Neither XNZN.DE nor EUPE.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XNZN.DE and EUPE.DE in my portfolio?

XNZN.DE and EUPE.DE have a correlation of 0.62, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XNZN.DE or EUPE.DE?

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.

Which ETF is cheaper, XNZN.DE or EUPE.DE?

XNZN.DE is cheaper with a 0.15% expense ratio, compared with 0.65% for EUPE.DE.

What is the main difference between XNZN.DE and EUPE.DE?

XNZN.DE tracks MSCI Nordic Countries NR EUR, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: DWS and Natixis. Their fees differ too: 0.15% for XNZN.DE and 0.65% for EUPE.DE.