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ETFs

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

USNZ
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
Jun 27 2022
Expense Ratio
0.10%
Type
US Equities
Fund Owner
DWS
Volume (1m avg. daily)
$115,976
AUM
$140,533,519
Associated Index
Solactive ISS ESG United States Net Zero Pathway Enhanced Index
Inverse/Leveraged
No
Passive/Active
Passive
Fractionable on Composer
No
Prospectus
View

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Invest with USNZ

What is USNZ?

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (the "fund"), seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index (the "Underlying Index"). The Solactive ISS ESG United States Net Zero Pathway Enhanced Index aims to represent US Large & Mid Cap securities in a fashion that complies with the regulations laid out for EU Paris-Aligned Benchmarks (EU PAB).

ETFs related toUSNZ

ETFs correlated to USNZ include IQSU, GSUS, IWL

USNZ
DBX ETF Trust - Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
IQSU
IndexIQ ETF Trust - IQ Candriam U.S. Large Cap Equity ETF
GSUS
Goldman Sachs ETF Trust - Goldman Sachs MarketBeta U.S. Equity ETF
IWL
BlackRock Institutional Trust Company N.A. - iShares Russell Top 200 ETF
SPUU
Direxion Shares ETF Trust - Direxion Daily S&P 500 Bull 2X Shares
ESGV
Vanguard Group, Inc. - Vanguard ESG U.S. Stock ETF
PABU
iShares Trust - iShares Paris-Aligned Climate MSCI USA ETF
BKLC
BNY Mellon ETF Trust - BNY Mellon US Large Cap Core Equity ETF
MGC
Vanguard Group, Inc. - Vanguard Mega Cap 300 Index ETF
PBUS
Invesco Capital Management LLC - Invesco MSCI USA ETF
XVV
iShares Trust - iShares ESG Screened S&P 500 ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toUSNZ

#DSS

Diversify with Sin Stocks

Category

Grow Your Portfolio, Diversification

Risk Rating

Aggressive

#CV

Controlling for Volatility

Category

Getting Defensive, Worried about Inflation?

Risk Rating

Moderate

Create your own algorithmic trading strategy with USNZ using Composer

FAQ

USNZ is a US Equities ETF. Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (the "fund"), seeks investment results that correspond generally to the performance, before fees and expenses, of the Solactive ISS ESG United States Net Zero Pathway Enhanced Index (the "Underlying Index"). The Solactive ISS ESG United States Net Zero Pathway Enhanced Index aims to represent US Large & Mid Cap securities in a fashion that complies with the regulations laid out for EU Paris-Aligned Benchmarks (EU PAB).

USNZ tracks the Solactive ISS ESG United States Net Zero Pathway Enhanced Index.

No, USNZ is not actively managed. It is passively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

Yes, USNZ is passively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on USNZ is -0.016%. This is the percent change in the value of USNZ over the most recent 1-month period. The 3-month return on USNZ is -0.0101%. This is the percent change in the value of USNZ over the most recent 3-month period.

The standard deviation of USNZ for the past year is 0.1803%. Standard deviation is the typical amount that the daily returns vary from the mean of the returns over the time period, standardized to a period of a year.

ETFs similar to USNZ include SPHQ, DSI, and QUAL.

ETFs correlated to USNZ include IQSU, GSUS, and IWL.

ETFs that are inversely correlated to USNZ include SPDN, SPXS, and SDS.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.