XNZN.L
Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C
Europe
EQUITY
Rules-Based
MANAGEMENT STYLE
£ 129.0 M
ASSETS UNDER MGMT
15 bp
EXPENSES
Fund Basics
| Inception date | Apr 12, 2023 |
| Regulation | UCITS |
| Fund Website | link... |
| Distributions | |
| Currency | GBP |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| NOVO NORDISK A/S-B | 7.1 % |
| INVESTOR AB-B SHS | 4.1 % |
| DSV A/S | 3.5 % |
| NOVOZYMES A/S-B SHARES | 3.2 % |
| GENMAB A/S | 2.3 % |
| ASSA ABLOY AB CLASS B | 2.3 % |
| DANSKE BANK A/S | 2.2 % |
| NORDEA BANK ABP | 2.0 % |
| LIFCO AB CLASS B | 1.9 % |
| INDUTRADE AB | 1.9 % |
Constituent Breakdown
| Number of holdings | 180 |
| Herfindahl-Hirschman Index | 187 |
| Wgt avg mkt cap (mns) | $25,648 |
| Large cap (>$10bn) | 38.1% |
| Mid cap ($2-10bn) | 37.6% |
| Small cap (<$2bn) | 6.6% |
| Developed mkts. | 94.0% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
SWEDEN | 48.3 % |
 |
DENMARK | 29.9 % |
 |
FINLAND | 9.0 % |
 |
NORWAY | 6.8 % |
Historical Performance
Standardized Performance (as of 02/28/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -0.7% | -0.2% | 1.8% | -- | -- | -- | -- | 5.0% |
| Dividend Yield | 0.0% | 0.0% | 0.0% | -- | -- | -- | -- | 0.0% |
| Total Returns | -0.7% | -0.2% | 1.8% | -- | -- | -- | -- | 5.0% | Ann. Volatility | 14.1% | 25.4% | 20.3% | -- | -- | -- | -- | 19.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.12 | 1% |
| MSCI EAFE | 0.30 | 4% |
| MSCI Emg Mkts | 0.25 | 3% |
Liquidity Measures
| Avg. volume (000) | 0 |
| ADV traded (mns) | $0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.00% |
Technical Indicators
| 30d moving avg. (EMA) | $30.04 |
| Relative strength (RSI) | 50 |
| MACD/Signal | -0.15/-0.12 |
| Bollinger Bands (Upper/Lower) | $30.59/$29.42 |
| Short interest (% of AUM) | 0.0% |
Distributions
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. XNZN.L |
Expenses vs. XNZN.L |
ALTAR Score™ vs. XNZN.L |
|---|---|---|---|---|
| XDN0.DE | Xtrackers MSCI Nordic UCITS ETF 1D | 46.8% | +15 bp | +0.4% |
| XMN1.DE | Xtrackers MSCI Nordic UCITS ETF 1C | 46.8% | +15 bp | +0.3% |
| XMN2.DE | Xtrackers MSCI Nordic UCITS ETF 2C - GBP Hedged | 46.8% | +20 bp | +0.1% |
| ESRG.L | Amundi MSCI Europe SRI Climate Paris Aligned UCITS ETF DR (C | 15.5% | +3 bp | -0.2% |
| ESDU.L | Amundi MSCI Europe SRI Climate Paris Aligned UCITS ETF DR (D | 15.5% | +3 bp | -6.1% |
| IESG.L | iShares MSCI Europe SRI UCITS ETF | 14.9% | +5 bp | -0.1% |
| CBUD.DE | iShares MSCI Europe SRI UCITS ETF | 14.9% | +8 bp | -0.5% |
| IDSE.AS | iShares MSCI Europe SRI UCITS ETF | 14.9% | +5 bp | +0.1% |
| ISED.AS | iShares MSCI Europe SRI UCITS ETF | 14.9% | +5 bp | -0.1% |
| XEPA.L | Xtrackers Europe Net Zero Pathway Paris Aligned UCITS ETF 1C | 12.9% | 0 bp | +1.2% |
Risk and Returns: XNZN.L vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates (GBP)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 4/5/2026
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
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ETF Research Center Rating
6.1%
ALTAR SCORE™
20nd
PERCENTILE
UNDERWEIGHT
ETFRC RATING
There are 239 funds in the Europe Equity category with an average
ALTAR Score™ of 7.2% and a standard deviation
of 1.3%. XNZN.L's ALTAR Score™ is approximately -0.9 standard
deviations above the category average. This places XNZN.L in the 20nd percentile
among funds in the category.
Sell-Side Consensus
£35.98
PRICE TARGET
+25.9%
UPSIDE