XNZS.L vs. XDNS.L
XNZS.L (Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C) and XDNS.L (Xtrackers MSCI Japan ESG Screened UCITS ETF 1D) are both exchange-traded funds - XNZS.L is a Global Equities fund tracking the MSCI ACWI NR USD, while XDNS.L is a Japan Equities fund tracking the TOPIX TR JPY. Both are passively managed. Over the past 3 years, XNZS.L returned 15.36%/yr vs 14.60%/yr for XDNS.L. At a 0.49 correlation, their price movements are largely independent. XNZS.L charges 0.19%/yr vs 0.15%/yr for XDNS.L.
Performance
XNZS.L vs. XDNS.L - Performance Comparison
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Different Trading Currencies
XNZS.L is traded in GBP, while XDNS.L is traded in GBp. To make them comparable, the XDNS.L values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, XNZS.L achieves a 8.86% return, which is significantly lower than XDNS.L's 15.48% return.
XNZS.L
- 1D
- 0.16%
- 1M
- 3.83%
- YTD
- 8.86%
- 6M
- 8.67%
- 1Y
- 25.26%
- 3Y*
- 15.36%
- 5Y*
- —
- 10Y*
- —
XDNS.L
- 1D
- -0.57%
- 1M
- 6.27%
- YTD
- 15.48%
- 6M
- 14.59%
- 1Y
- 32.42%
- 3Y*
- 14.60%
- 5Y*
- 9.38%
- 10Y*
- 9.68%
XNZS.L vs. XDNS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
XNZS.L Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C | 8.86% | 11.91% | 17.28% | 17.73% | -1.03% |
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 15.48% | 16.58% | 9.87% | 11.58% | -0.96% |
Correlation
The correlation between XNZS.L and XDNS.L is 0.53, 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 | 0.53 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Mar 7, 2022 | 0.49 |
The correlation between XNZS.L and XDNS.L has been stable across timeframes, ranging from 0.48 to 0.53 - a consistent structural relationship.
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Return for Risk
XNZS.L vs. XDNS.L — Risk / Return Rank
XNZS.L
XDNS.L
XNZS.L vs. XDNS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZS.L) and Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.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.
| XNZS.L | XDNS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.08 | 3.81 | -0.73 |
| Martin ratioReturn relative to average drawdown | 12.87 | 11.43 | +1.44 |
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
| XNZS.L | XDNS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.37 | 2.09 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.68 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.66 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.95 | 0.60 | +0.36 |
Drawdowns
XNZS.L vs. XDNS.L - Drawdown Comparison
The maximum XNZS.L drawdown since its inception was -18.52%, smaller than the maximum XDNS.L drawdown of -24.75%. Use the drawdown chart below to compare losses from any high point for XNZS.L and XDNS.L.
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Drawdown Indicators
| XNZS.L | XDNS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -18.52% | -24.75% | +6.23% |
Max Drawdown (1Y)Largest decline over 1 year | -8.21% | -10.70% | +2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -18.52% | -14.32% | -4.20% |
Max Drawdown (5Y)Largest decline over 5 years | — | -19.29% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -24.75% | — |
Current DrawdownCurrent decline from peak | -0.16% | -0.57% | +0.41% |
Average DrawdownAverage peak-to-trough decline | -3.02% | -5.35% | +2.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 4.04% | -2.07% |
Volatility
XNZS.L vs. XDNS.L - Volatility Comparison
The current volatility for Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C (XNZS.L) is 2.86%, while Xtrackers MSCI Japan ESG Screened UCITS ETF 1D (XDNS.L) has a volatility of 3.89%. This indicates that XNZS.L experiences smaller price fluctuations and is considered to be less risky than XDNS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XNZS.L | XDNS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.86% | 3.89% | -1.03% |
Volatility (6M)Calculated over the trailing 6-month period | 7.93% | 14.64% | -6.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 19.56% | -8.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.38% | 17.83% | -4.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.38% | 17.31% | -3.93% |
XNZS.L vs. XDNS.L - Expense Ratio Comparison
XNZS.L has a 0.19% expense ratio, which is higher than XDNS.L's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
XNZS.L vs. XDNS.L - Dividend Comparison
XNZS.L has not paid dividends to shareholders, while XDNS.L's dividend yield for the trailing twelve months is around 1.43%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
XDNS.L Xtrackers MSCI Japan ESG Screened UCITS ETF 1D | 1.43% | 1.63% | 1.65% | 1.81% | 2.83% | 1.46% | 1.79% | 1.77% | 1.20% | 1.97% | 0.64% |
XNZS.L Xtrackers World Net Zero Pathway Paris Aligned UCITS ETF 1C | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
XNZS.L and XDNS.L have a correlation of 0.53, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDNS.L is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDNS.L is cheaper with a 0.15% expense ratio, compared with 0.19% for XNZS.L.
XNZS.L is categorized as Global Equities, while XDNS.L is Japan Equities. XNZS.L tracks MSCI ACWI NR USD, while XDNS.L tracks TOPIX TR JPY. Their fees differ too: 0.19% for XNZS.L and 0.15% for XDNS.L.
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