XNZN.L vs. LDEG.L

Last updated Jun 6, 2026

XNZN.L (Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C) and LDEG.L (L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF) are both Europe Equities funds - XNZN.L tracks the MSCI Nordic Countries NR EUR while LDEG.L tracks the MSCI Europe Ex UK NR EUR. Both are passively managed. XNZN.L charges 0.15%/yr vs 0.25%/yr for LDEG.L.

Performance

XNZN.L vs. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XNZN.L is traded in EUR, while LDEG.L is traded in GBp. To make them comparable, the LDEG.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*: —

LDEG.L

• 1D: -0.81%
• 1M: -1.23%
• YTD: 10.51%
• 6M: 14.31%
• 1Y: 25.87%
• 3Y*: 23.39%
• 5Y*: 15.74%
• 10Y*: —

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

Return for Risk

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

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

LDEG.L

LDEG.L Risk / Return Rank: 80
LDEG.L Sharpe Ratio Rank: 83
LDEG.L Sortino Ratio Rank: 81
LDEG.L Omega Ratio Rank: 82
LDEG.L Calmar Ratio Rank: 76
LDEG.L Martin Ratio Rank: 75

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. LDEG.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 L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF (LDEG.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	LDEG.L	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	—	2.20	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	1.10	—
Sharpe Ratio (All Time) Calculated using the full available price history	—	0.83	—

Drawdowns

Drawdown Indicators

	XNZN.L	LDEG.L	Difference
Max Drawdown Largest peak-to-trough decline	—	-21.67%	—
Max Drawdown (1Y) Largest decline over 1 year	—	-6.92%	—
Max Drawdown (3Y) Largest decline over 3 years	—	-13.74%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-20.07%	—
Current Drawdown Current decline from peak	—	-2.14%	—
Average Drawdown Average peak-to-trough decline	—	-4.69%	—
Ulcer Index Depth and duration of drawdowns from previous peaks	—	1.97%	—

Volatility

Volatility by Period

	XNZN.L	LDEG.L	Difference
Volatility (1M) Calculated over the trailing 1-month period	—	3.23%	—
Volatility (6M) Calculated over the trailing 6-month period	—	9.15%	—
Volatility (1Y) Calculated over the trailing 1-year period	—	11.69%	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	—	14.33%	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	—	15.32%	—

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

XNZN.L has a 0.15% expense ratio, which is lower than LDEG.L's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.

Dividends

XNZN.L vs. LDEG.L - Dividend Comparison

XNZN.L has not paid dividends to shareholders, while LDEG.L's dividend yield for the trailing twelve months is around 3.15%.

Position	TTM	2025	2024	2023	2022	2021
LDEG.L L&G Quality Equity Dividends ESG Exclusions Europe ex-UK UCITS ETF	3.15%	3.42%	4.20%	4.10%	3.69%	3.06%
XNZN.L 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

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

XNZN.L is cheaper with a 0.15% expense ratio, compared with 0.25% for LDEG.L.

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

XNZN.L tracks MSCI Nordic Countries NR EUR, while LDEG.L tracks MSCI Europe Ex UK NR EUR. They also come from different issuers: DWS and Legal & General. Their fees differ too: 0.15% for XNZN.L and 0.25% for LDEG.L.