XNZN.DE vs. XCTE.DE
XNZN.DE (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and XCTE.DE (Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C) are both exchange-traded funds - XNZN.DE is a Europe Equities fund tracking the MSCI Nordic Countries NR EUR, while XCTE.DE is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. Over the past 3 years, XNZN.DE returned 5.54%/yr vs 10.51%/yr for XCTE.DE. At a 0.28 correlation, their price movements are largely independent. XNZN.DE charges 0.15%/yr vs 0.44%/yr for XCTE.DE.
Performance
XNZN.DE vs. XCTE.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 XCTE.DE's 5.61% return.
XNZN.DE
- 1D
- 0.80%
- 1M
- -0.39%
- YTD
- 0.62%
- 6M
- 2.71%
- 1Y
- 1.15%
- 3Y*
- 5.54%
- 5Y*
- —
- 10Y*
- —
XCTE.DE
- 1D
- -0.90%
- 1M
- 1.62%
- YTD
- 5.61%
- 6M
- 4.97%
- 1Y
- 24.79%
- 3Y*
- 10.51%
- 5Y*
- —
- 10Y*
- —
XNZN.DE vs. XCTE.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% |
XCTE.DE Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C | 5.61% | 19.05% | 22.69% | -11.20% |
Correlation
The correlation between XNZN.DE and XCTE.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.27 |
Correlation (All Time) Calculated using the full available price history since Apr 27, 2023 | 0.28 |
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Return for Risk
XNZN.DE vs. XCTE.DE — Risk / Return Rank
XNZN.DE
XCTE.DE
XNZN.DE vs. XCTE.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 Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.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 | XCTE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.77 | ||
| Sortino ratioReturn per unit of downside risk | -1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.21 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 0.11 | 1.10 | -1.00 |
| Martin ratioReturn relative to average drawdown | 0.29 | 1.90 | -1.61 |
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 | XCTE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.09 | 0.86 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.12 | +0.21 |
Drawdowns
XNZN.DE vs. XCTE.DE - Drawdown Comparison
The maximum XNZN.DE drawdown since its inception was -23.90%, smaller than the maximum XCTE.DE drawdown of -48.80%. Use the drawdown chart below to compare losses from any high point for XNZN.DE and XCTE.DE.
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Drawdown Indicators
| XNZN.DE | XCTE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.90% | -48.80% | +24.90% |
Max Drawdown (1Y)Largest decline over 1 year | -13.08% | -23.30% | +10.22% |
Max Drawdown (3Y)Largest decline over 3 years | -23.90% | -31.31% | +7.41% |
Current DrawdownCurrent decline from peak | -9.13% | -12.95% | +3.82% |
Average DrawdownAverage peak-to-trough decline | -7.13% | -25.74% | +18.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.84% | 13.53% | -8.69% |
Volatility
XNZN.DE vs. XCTE.DE - Volatility Comparison
The current volatility for Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZN.DE) is 4.52%, while Xtrackers Harvest MSCI China Tech 100 UCITS ETF 1C (XCTE.DE) has a volatility of 7.28%. This indicates that XNZN.DE experiences smaller price fluctuations and is considered to be less risky than XCTE.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 | XCTE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.52% | 7.28% | -2.76% |
Volatility (6M)Calculated over the trailing 6-month period | 12.12% | 15.06% | -2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.38% | 29.97% | -14.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.12% | 30.37% | -14.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.12% | 30.37% | -14.25% |
XNZN.DE vs. XCTE.DE - Expense Ratio Comparison
XNZN.DE has a 0.15% expense ratio, which is lower than XCTE.DE's 0.44% expense ratio.
Dividends
XNZN.DE vs. XCTE.DE - Dividend Comparison
Neither XNZN.DE nor XCTE.DE has paid dividends to shareholders.
Frequently Asked Questions
XNZN.DE and XCTE.DE have a correlation of 0.33, 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 0.44% for XCTE.DE.
XNZN.DE is categorized as Europe Equities, while XCTE.DE is Technology Equities. XNZN.DE tracks MSCI Nordic Countries NR EUR, while XCTE.DE tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.15% for XNZN.DE and 0.44% for XCTE.DE.
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