XZHE.L vs. XNNS.L

Last updated Jun 5, 2026

XZHE.L (Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C) and XNNS.L (Xtrackers MSCI Innovation UCITS ETF 1C) are both exchange-traded funds - XZHE.L is a European High Yield Bonds fund tracking the Bloomberg Pan Euro HY Euro TR EUR, while XNNS.L is a Technology Equities fund tracking the MSCI World/Information Tech NR USD. Both are passively managed. A 0.56 correlation means they provide meaningful diversification when combined. XZHE.L charges 0.25%/yr vs 0.35%/yr for XNNS.L.

Performance

XZHE.L vs. XNNS.L - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.L). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

XZHE.L is traded in EUR, while XNNS.L is traded in GBP. To make them comparable, the XNNS.L values have been converted to EUR using the latest available exchange rates.

Returns By Period

XZHE.L

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

XNNS.L

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

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

XZHE.L vs. XNNS.L - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
XZHE.L Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C	-0.54%	5.46%	5.93%	9.90%	0.75%
XNNS.L Xtrackers MSCI Innovation UCITS ETF 1C	-7.69%	0.72%	30.08%	29.40%	-15.57%

Correlation

The correlation between XZHE.L and XNNS.L is 0.64, 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	0.64
Correlation (3Y) Calculated over the trailing 3-year period	0.53
Correlation (All Time) Calculated using the full available price history since Jul 21, 2022	0.56

The correlation between XZHE.L and XNNS.L shifts across timeframes, from 0.53 (3 years) to 0.64 (1 year), reflecting how their relationship changes across market environments.

Return for Risk

XZHE.L vs. XNNS.L - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Xtrackers ESG EUR High Yield Corporate Bond UCITS ETF 1C (XZHE.L) and Xtrackers MSCI Innovation UCITS ETF 1C (XNNS.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.

Drawdowns

Volatility

XZHE.L vs. XNNS.L - Expense Ratio Comparison

XZHE.L has a 0.25% expense ratio, which is lower than XNNS.L's 0.35% expense ratio.

Dividends

XZHE.L vs. XNNS.L - Dividend Comparison

Neither XZHE.L nor XNNS.L has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both XZHE.L and XNNS.L in my portfolio?

XZHE.L and XNNS.L have a correlation of 0.64, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, XZHE.L or XNNS.L?

On fees, XZHE.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, XZHE.L or XNNS.L?

XZHE.L is cheaper with a 0.25% expense ratio, compared with 0.35% for XNNS.L.

What is the main difference between XZHE.L and XNNS.L?

XZHE.L is categorized as European High Yield Bonds, while XNNS.L is Technology Equities. XZHE.L tracks Bloomberg Pan Euro HY Euro TR EUR, while XNNS.L tracks MSCI World/Information Tech NR USD. Their fees differ too: 0.25% for XZHE.L and 0.35% for XNNS.L.