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XZEU.L vs. SUSA
Performance
Return for Risk
Drawdowns
Volatility
Dividends

XZEU.L vs. SUSA

Last updated Jun 5, 2026

XZEU.L (Xtrackers MSCI Europe ESG UCITS ETF 1C) and SUSA (iShares MSCI USA ESG Select ETF) are both exchange-traded funds - XZEU.L is a Europe Equities fund tracking the MSCI Europe NR EUR, while SUSA is a Large Cap Growth Equities fund tracking the MSCI USA ESG Select Index. Both are passively managed. Over the past 5 years, XZEU.L returned 7.64%/yr vs 13.15%/yr for SUSA. At a 0.45 correlation, their price movements are largely independent. XZEU.L charges 0.20%/yr vs 0.25%/yr for SUSA.

Performance

XZEU.L vs. SUSA - Performance Comparison

The chart below illustrates the hypothetical performance of a £10,000 investment in Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.L) and iShares MSCI USA ESG Select ETF (SUSA). The values are adjusted to include any dividend payments, if applicable.

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Different Trading Currencies

XZEU.L is traded in GBp, while SUSA is traded in USD. To make them comparable, the SUSA values have been converted to GBp using the latest available exchange rates.

Returns By Period

In the year-to-date period, XZEU.L achieves a 5.27% return, which is significantly lower than SUSA's 11.96% return.

XZEU.L

1D
0.91%
1M
5.23%
YTD
5.27%
6M
6.95%
1Y
8.86%
3Y*
10.14%
5Y*
7.64%
10Y*
—

SUSA

1D
0.36%
1M
6.21%
YTD
11.96%
6M
10.24%
1Y
28.04%
3Y*
18.14%
5Y*
13.15%
10Y*
15.89%
*Multi-year figures are annualized to reflect compound growth (CAGR)

XZEU.L vs. SUSA - Yearly Performance Comparison

2026 (YTD)20252024202320222021202020192018
XZEU.L
Xtrackers MSCI Europe ESG UCITS ETF 1C		5.27%12.69%6.78%14.21%-7.80%17.47%5.84%21.04%-6.83%
SUSA
iShares MSCI USA ESG Select ETF		11.96%7.48%24.57%17.69%-12.03%31.68%21.00%27.08%-4.73%

Correlation

The correlation between XZEU.L and SUSA is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.

Correlation
Correlation (1Y)
Calculated over the trailing 1-year period

0.44

Correlation (3Y)
Calculated over the trailing 3-year period

0.38

Correlation (5Y)
Calculated over the trailing 5-year period

0.40

Correlation (All Time)
Calculated using the full available price history since Jun 11, 2018

0.45

XZEU.L vs. SUSA - Sectors Allocation Comparison

Sectors
XZEU.L
SUSA

Financial Services

25.0%
11.9%

Industrials

20.4%
10.2%

Technology

17.1%
39.4%

Healthcare

14.1%
9.0%

Consumer Defensive

5.5%
3.5%

Basic Materials

5.3%
2.5%

Consumer Cyclical

5.2%
6.9%

Communication Services

4.6%
8.5%

Utilities

1.5%
1.3%

Real Estate

1.3%
3.1%

Energy

-

3.9%

Financial Services

XZEU.L
25.0%
SUSA
11.9%

Industrials

XZEU.L
20.4%
SUSA
10.2%

Technology

XZEU.L
17.1%
SUSA
39.4%

Healthcare

XZEU.L
14.1%
SUSA
9.0%

Consumer Defensive

XZEU.L
5.5%
SUSA
3.5%

Basic Materials

XZEU.L
5.3%
SUSA
2.5%

Consumer Cyclical

XZEU.L
5.2%
SUSA
6.9%

Communication Services

XZEU.L
4.6%
SUSA
8.5%

Utilities

XZEU.L
1.5%
SUSA
1.3%

Real Estate

XZEU.L
1.3%
SUSA
3.1%

Energy

XZEU.L

-

SUSA
3.9%

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Xtrackers MSCI Europe ESG UCITS ETF 1C

iShares MSCI USA ESG Select ETF

Often compared with XZEU.L:
XZEU.L vs. XRSS.LXZEU.L vs. XDNS.LXZEU.L vs. XDWH.LXZEU.L vs. ACCBXXZEU.L vs. FLXD.LXZEU.L vs. SUES.LXZEU.L vs. FEUD.L
Often compared with SUSA:
SUSA vs. ESGUSUSA vs. ESGVSUSA vs. SUSLSUSA vs. SPYSUSA vs. VOOSUSA vs. IQSUSUSA vs. JEPI

Return for Risk

XZEU.L vs. SUSA — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
XZEU.L
XZEU.L Risk / Return Rank: 2121
Overall Rank
XZEU.L Sharpe Ratio Rank: 2121
Sharpe Ratio Rank
XZEU.L Sortino Ratio Rank: 2121
Sortino Ratio Rank
XZEU.L Omega Ratio Rank: 2121
Omega Ratio Rank
XZEU.L Calmar Ratio Rank: 1919
Calmar Ratio Rank
XZEU.L Martin Ratio Rank: 2222
Martin Ratio Rank
SUSA
SUSA Risk / Return Rank: 6565
Overall Rank
SUSA Sharpe Ratio Rank: 6767
Sharpe Ratio Rank
SUSA Sortino Ratio Rank: 6666
Sortino Ratio Rank
SUSA Omega Ratio Rank: 6666
Omega Ratio Rank
SUSA Calmar Ratio Rank: 5757
Calmar Ratio Rank
SUSA Martin Ratio Rank: 6767
Martin Ratio Rank
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.L vs. SUSA - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.L) and iShares MSCI USA ESG Select ETF (SUSA). 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.LSUSADifference
Sharpe ratioReturn per unit of total volatility
0.68
2.39

-1.70

Sortino ratioReturn per unit of downside risk
1.05
3.13

-2.08

Omega ratioGain probability vs. loss probability

1.13

1.44

-0.31

Calmar ratioReturn relative to maximum drawdown

0.78

3.44

-2.66

Martin ratioReturn relative to average drawdown

2.62

12.98

-10.35

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.L vs. SUSA - Sharpe Ratio Comparison

The current XZEU.L Sharpe Ratio is 0.68, which is lower than the SUSA Sharpe Ratio of 2.39. The chart below compares the historical Sharpe Ratios of XZEU.L and SUSA, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

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Sharpe Ratios by Period

XZEU.LSUSADifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

0.68

2.39

-1.70

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.54

0.82

-0.28

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

—

0.88

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.53

0.69

-0.16

Drawdowns

XZEU.L vs. SUSA - Drawdown Comparison

The maximum XZEU.L drawdown since its inception was -26.17%, smaller than the maximum SUSA drawdown of -32.78%. Use the drawdown chart below to compare losses from any high point for XZEU.L and SUSA.

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Drawdown Indicators

XZEU.LSUSADifference

Max Drawdown

Largest peak-to-trough decline

-26.17%

-32.78%

+6.61%

Max Drawdown (1Y)

Largest decline over 1 year

-11.31%

-8.19%

-3.12%

Max Drawdown (3Y)

Largest decline over 3 years

-13.04%

-22.41%

+9.37%

Max Drawdown (5Y)

Largest decline over 5 years

-19.28%

-22.41%

+3.13%

Max Drawdown (10Y)

Largest decline over 10 years

—

-24.90%

—

Current Drawdown

Current decline from peak

0.00%

-0.16%

+0.16%

Average Drawdown

Average peak-to-trough decline

-4.34%

-5.12%

+0.78%

Ulcer Index

Depth and duration of drawdowns from previous peaks

3.37%

2.17%

+1.20%

Volatility

XZEU.L vs. SUSA - Volatility Comparison

Xtrackers MSCI Europe ESG UCITS ETF 1C (XZEU.L) has a higher volatility of 4.37% compared to iShares MSCI USA ESG Select ETF (SUSA) at 2.84%. This indicates that XZEU.L's price experiences larger fluctuations and is considered to be riskier than SUSA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

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Volatility by Period

XZEU.LSUSADifference

Volatility (1M)

Calculated over the trailing 1-month period

4.37%

2.84%

+1.53%

Volatility (6M)

Calculated over the trailing 6-month period

10.85%

8.72%

+2.13%

Volatility (1Y)

Calculated over the trailing 1-year period

12.96%

11.81%

+1.15%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

14.13%

16.10%

-1.97%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

15.51%

18.12%

-2.61%

XZEU.L vs. SUSA - Expense Ratio Comparison

XZEU.L has a 0.20% expense ratio, which is lower than SUSA'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

XZEU.L vs. SUSA - Dividend Comparison

XZEU.L has not paid dividends to shareholders, while SUSA's dividend yield for the trailing twelve months is around 0.82%.

PositionTTM20252024202320222021202020192018201720162015
SUSA
iShares MSCI USA ESG Select ETF		0.82%0.89%1.15%1.32%1.52%0.98%1.17%1.52%1.72%1.40%1.56%1.42%
XZEU.L
Xtrackers MSCI Europe ESG 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%0.00%

Frequently Asked Questions

XZEU.L and SUSA have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, XZEU.L is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

XZEU.L is cheaper with a 0.20% expense ratio, compared with 0.25% for SUSA.

XZEU.L is categorized as Europe Equities, while SUSA is Large Cap Growth Equities. XZEU.L tracks MSCI Europe NR EUR, while SUSA tracks MSCI USA ESG Select Index. They also come from different issuers: Xtrackers and iShares. Their fees differ too: 0.20% for XZEU.L and 0.25% for SUSA.

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