XNZN.DE vs. WTEE.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - XNZN.DE tracks the MSCI Nordic Countries NR EUR while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 17.15%/yr for WTEE.DE. A 0.61 correlation means they provide meaningful diversification when combined. XNZN.DE charges 0.15%/yr vs 0.29%/yr for WTEE.DE.
Performance
XNZN.DE vs. WTEE.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 WTEE.DE's 13.70% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
XNZN.DE vs. WTEE.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% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 8.12% |
Correlation
The correlation between XNZN.DE and WTEE.DE is 0.58, 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 | 0.58 |
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 WTEE.DE has been stable across timeframes, ranging from 0.58 to 0.61 - a consistent structural relationship.
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Return for Risk
XNZN.DE vs. WTEE.DE — Risk / Return Rank
XNZN.DE
WTEE.DE
XNZN.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.26 | ||
| Sortino ratioReturn per unit of downside risk | -2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.43 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 3.80 | -3.69 |
| Martin ratioReturn relative to average drawdown | 0.29 | 14.72 | -14.43 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 2.35 | -2.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.93 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 1.08 | -0.74 |
Drawdowns
XNZN.DE vs. WTEE.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and WTEE.DE.
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Drawdown Indicators
| XNZN.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -16.45% | -7.45% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -6.78% | -6.30% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -14.12% | -9.78% |
Max Drawdown (5Y)Largest decline over 5 years | — | -16.45% | — |
Current DrawdownCurrent decline from peak | -9.13% | -1.96% | -7.17% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -2.65% | -4.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 1.75% | +3.09% |
Volatility
XNZN.DE vs. WTEE.DE - Volatility Comparison
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) has a higher volatility of 4.52% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that XNZN.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 3.73% | +0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 8.73% | +3.39% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 10.94% | +4.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 14.50% | +1.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 14.99% | +1.13% |
XNZN.DE vs. WTEE.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
XNZN.DE vs. WTEE.DE - Dividend Comparison
XNZN.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
XNZN.DE Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNZN.DE and WTEE.DE have a correlation of 0.58, 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 0.29% for WTEE.DE.
XNZN.DE tracks MSCI Nordic Countries NR EUR, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: DWS and WisdomTree. Their fees differ too: 0.15% for XNZN.DE and 0.29% for WTEE.DE.
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