XZEU.DE vs. DX2I.DE

Last updated Jun 5, 2026

XZEU.DE (Xtrackers MSCI Europe ESG UCITS ETF 1C) and DX2I.DE (Xtrackers MSCI Europe ESG Screened UCITS ETF 1C) are both Europe Equities funds from Xtrackers - XZEU.DE tracks the MSCI Europe NR EUR while DX2I.DE tracks the MSCI Europe Select ESG Screened. Both are passively managed. Over the past 5 years, XZEU.DE returned 7.48%/yr vs 8.70%/yr for DX2I.DE. Their correlation of 0.94 suggests significant overlap in exposure. XZEU.DE charges 0.20%/yr vs 0.12%/yr for DX2I.DE.

Performance

XZEU.DE vs. DX2I.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) and Xtrackers MSCI Europe ESG Screened UCITS ETF 1C (DX2I.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, XZEU.DE achieves a 5.81% return, which is significantly lower than DX2I.DE's 7.29% return.

XZEU.DE

• 1D: 0.87%
• 1M: 2.59%
• YTD: 5.81%
• 6M: 8.13%
• 1Y: 5.92%
• 3Y*: 10.08%
• 5Y*: 7.48%
• 10Y*: —

DX2I.DE

• 1D: 0.65%
• 1M: 1.40%
• YTD: 7.29%
• 6M: 9.75%
• 1Y: 15.02%
• 3Y*: 12.44%
• 5Y*: 8.70%
• 10Y*: 9.22%

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

XZEU.DE vs. DX2I.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018
XZEU.DE Xtrackers MSCI Europe ESG UCITS ETF 1C	5.81%	8.12%	11.56%	16.38%	-13.12%	25.64%	0.09%	29.10%	-11.34%
DX2I.DE Xtrackers MSCI Europe ESG Screened UCITS ETF 1C	7.29%	17.29%	7.42%	16.27%	-10.82%	22.30%	4.45%	31.99%	-16.73%

Correlation

The correlation between XZEU.DE and DX2I.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.94
Correlation (3Y) Calculated over the trailing 3-year period	0.95
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since May 14, 2018	0.94

The correlation between XZEU.DE and DX2I.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.

Return for Risk

XZEU.DE vs. DX2I.DE — Risk / Return Rank

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

XZEU.DE

XZEU.DE Risk / Return Rank: 17
XZEU.DE Sharpe Ratio Rank: 16
XZEU.DE Sortino Ratio Rank: 16
XZEU.DE Omega Ratio Rank: 16
XZEU.DE Calmar Ratio Rank: 17
XZEU.DE Martin Ratio Rank: 18

DX2I.DE

DX2I.DE Risk / Return Rank: 33
DX2I.DE Sharpe Ratio Rank: 32
DX2I.DE Sortino Ratio Rank: 33
DX2I.DE Omega Ratio Rank: 33
DX2I.DE Calmar Ratio Rank: 32
DX2I.DE Martin Ratio Rank: 37

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.

XZEU.DE vs. DX2I.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) and Xtrackers MSCI Europe ESG Screened UCITS ETF 1C (DX2I.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.

	XZEU.DE	DX2I.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.44	1.15	-0.71
Sortino ratio: Return per unit of downside risk	0.73	1.72	-0.98
Omega ratio: Gain probability vs. loss probability	1.09	1.22	-0.13
Calmar ratio: Return relative to maximum drawdown	0.58	1.55	-0.97
Martin ratio: Return relative to average drawdown	1.87	5.61	-3.74
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

XZEU.DE vs. DX2I.DE - Sharpe Ratio Comparison

The current XZEU.DE Sharpe Ratio is 0.44, which is lower than the DX2I.DE Sharpe Ratio of 1.15. The chart below compares the historical Sharpe Ratios of XZEU.DE and DX2I.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	XZEU.DE	DX2I.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.44	1.15	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.51	0.60	-0.09
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.50	0.40	+0.10

Drawdowns

XZEU.DE vs. DX2I.DE - Drawdown Comparison

The maximum XZEU.DE drawdown since its inception was -33.18%, smaller than the maximum DX2I.DE drawdown of -53.79%. Use the drawdown chart below to compare losses from any high point for XZEU.DE and DX2I.DE.

Drawdown Indicators

	XZEU.DE	DX2I.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.18%	-53.79%	+20.61%
Max Drawdown (1Y) Largest decline over 1 year	-10.33%	-9.57%	-0.76%
Max Drawdown (3Y) Largest decline over 3 years	-16.97%	-16.75%	-0.22%
Max Drawdown (5Y) Largest decline over 5 years	-22.04%	-20.87%	-1.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-37.93%	—
Current Drawdown Current decline from peak	-0.84%	-1.37%	+0.53%
Average Drawdown Average peak-to-trough decline	-5.18%	-7.98%	+2.80%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.23%	2.65%	+0.58%

Volatility

XZEU.DE vs. DX2I.DE - Volatility Comparison

Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.DE) has a higher volatility of 4.45% compared to Xtrackers MSCI Europe ESG Screened UCITS ETF 1C (DX2I.DE) at 4.21%. This indicates that XZEU.DE's price experiences larger fluctuations and is considered to be riskier than DX2I.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XZEU.DE	DX2I.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.45%	4.21%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	11.25%	10.59%	+0.66%
Volatility (1Y) Calculated over the trailing 1-year period	13.62%	12.97%	+0.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.60%	14.41%	+0.19%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.96%	16.04%	-0.08%

XZEU.DE vs. DX2I.DE - Expense Ratio Comparison

XZEU.DE has a 0.20% expense ratio, which is higher than DX2I.DE's 0.12% 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

XZEU.DE vs. DX2I.DE - Dividend Comparison

Neither XZEU.DE nor DX2I.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZEU.DE and DX2I.DE in my portfolio?

With a correlation of 0.94, XZEU.DE and DX2I.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.

Which ETF is better, XZEU.DE or DX2I.DE?

On fees, DX2I.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZEU.DE or DX2I.DE?

DX2I.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for XZEU.DE.

What is the main difference between XZEU.DE and DX2I.DE?

XZEU.DE tracks MSCI Europe NR EUR, while DX2I.DE tracks MSCI Europe Select ESG Screened. Their fees differ too: 0.20% for XZEU.DE and 0.12% for DX2I.DE.