XNZN.L vs. FTEU.L

Last updated Jun 6, 2026

XNZN.L (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and FTEU.L (First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares) are both Europe Equities funds - XNZN.L tracks the MSCI Nordic Countries NR EUR while FTEU.L tracks the MSCI EMU NR EUR. Both are passively managed. XNZN.L charges 0.15%/yr vs 0.80%/yr for FTEU.L.

Performance

XNZN.L vs. FTEU.L - 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.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNZN.L is traded in EUR, while FTEU.L is traded in USD. To make them comparable, the FTEU.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

XNZN.L

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

FTEU.L

• 1D: -0.25%
• 1M: -0.14%
• YTD: 13.33%
• 6M: 16.13%
• 1Y: 28.95%
• 3Y*: 22.27%
• 5Y*: 11.55%
• 10Y*: 11.70%

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

Return for Risk

XNZN.L vs. FTEU.L — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FTEU.L

FTEU.L Risk / Return Rank: 57
FTEU.L Sharpe Ratio Rank: 57
FTEU.L Sortino Ratio Rank: 56
FTEU.L Omega Ratio Rank: 58
FTEU.L Calmar Ratio Rank: 58
FTEU.L Martin Ratio Rank: 57

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.L vs. FTEU.L - 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.L) and First Trust Eurozone AlphaDEX® UCITS ETF Class A Shares (FTEU.L). 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.

Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.

Sharpe Ratios by Period

	XNZN.L	FTEU.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	1.83	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.66	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.63	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.66	—

Drawdowns

Drawdown Indicators

	XNZN.L	FTEU.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-41.38%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-9.48%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-15.58%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-27.13%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.38%	—
Current Drawdown Current decline from peak	—	-0.35%	—
Average Drawdown Average peak-to-trough decline	—	-7.37%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	2.55%	—

Volatility

Volatility by Period

	XNZN.L	FTEU.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	4.14%	—
Volatility (6M) Calculated over the trailing 6-month period	—	12.89%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	15.75%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	17.56%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	18.76%	—

XNZN.L vs. FTEU.L - Expense Ratio Comparison

XNZN.L has a 0.15% expense ratio, which is lower than FTEU.L's 0.80% expense ratio.

Dividends

XNZN.L vs. FTEU.L - Dividend Comparison

Neither XNZN.L nor FTEU.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Which ETF is better, XNZN.L or FTEU.L?

On fees, XNZN.L 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.L or FTEU.L?

XNZN.L is cheaper with a 0.15% expense ratio, compared with 0.80% for FTEU.L.

What is the main difference between XNZN.L and FTEU.L?

XNZN.L tracks MSCI Nordic Countries NR EUR, while FTEU.L tracks MSCI EMU NR EUR. They also come from different issuers: DWS and First Trust. Their fees differ too: 0.15% for XNZN.L and 0.80% for FTEU.L.