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Xtrackers USA Net Zero Pathway Paris Aligned UCITS ETF 1C

Xtrackers · IE0002ZM3JI1

Xtrackers USA Net Zero Pathway Paris Aligned UCITS ETF 1C is an exchange-traded fund (ETF) from Xtrackers, traded under the ticker XNZU (ISIN IE0002ZM3JI1). In a single purchase you get a diversified basket of holdings rather than a stake in just one business. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It follows the Solactive ISS ESG United States Net Zero Pathway Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include NVIDIA CORP, APPLE INC and MICROSOFT CORP. Spread across roughly 308 holdings (the ten largest ≈ 41.9%), no one position makes or breaks the fund. By geography it is weighted towards ~97.3% United States, ~1.8% Ireland and ~0.3% Switzerland. Its heaviest sectors are ~43.3% Technology and ~12.8% Health Care. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own. Its ongoing charge (TER) is 0.1% a year — about €10 a year on a €10,000 holding, taken automatically from the fund. Income such as dividends is automatically reinvested inside the fund (an accumulating share class), so returns compound without you doing anything. It holds the underlying investments directly (physical replication); it is domiciled in Ireland and UCITS-regulated, a European standard built to protect everyday investors and trades in USD. On the standard KID risk scale it is rated 6 out of 7 and its price has swung about 11.8% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2022. Like any investment, it can lose value as well as gain, and what it did before does not predict what it will do next. (Fund data sourced from Xtrackers.)

· Tracks the Solactive ISS ESG United States Net Zero Pathway Index index ?
Equity ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyUnited StatesConcentrated in a few names
Fund size (AUM) ?
€0
Risk level (SRI) ?
6 / 7 · High
1-year return ?
+19.9%
Price Return · to 2026-07-17
Yearly fee (TER) ?
0.10%
All-in cost ≈ 0.10%

About this fund

What you own

The Solactive ISS ESG United States Net Zero Pathway Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 308 companies across United States in a single purchase.

Dividends

The fund automatically reinvests dividends back into itself, so your holding grows without cash payouts.

Read more

Rolling the dividends straight back in means your money compounds automatically, with nothing for you to reinvest by hand. The flip side is there is no cash income; the growth simply shows up as a higher fund value. Note that reinvested dividends can still be taxable in some countries even though you never receive the cash — the rules depend on where you live.

How it works

The fund actually buys every share in the index it tracks (full replication).

Read more

Owning every holding keeps things transparent — what is in the index is what the fund actually owns. It can be a touch costlier to run for indexes with thousands of tiny positions, since the fund has to buy and maintain them all. There is no swap bank involved, so there is no extra “what if the partner fails” question to weigh.

Cost

0.10%Yearly fee (TER)
0.10%All-in cost

The yearly running cost of the fund, shown as a % of your money. €0.20 per €100 a year at 0.20%. Lower is cheaper.

Read more

It is skimmed quietly from inside the fund a little each day, so you never get a bill — but it drags on your return every year you hold. On a broad index ETF it is usually a small fraction of a percent; the gap between a cheap and a pricey fund looks tiny on day one but compounds over decades, which is why it is worth a glance.

Fund facts

Index tracked ?
Solactive ISS ESG United States Net Zero Pathway Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
2022
4-year track record

Performance

88.294.099.9106112202620262026

Growth of $100 invested — both lines start at $100.

Xtrackers USA Net Zero Pathway Paris Aligned UCITS ETF 1C Average Solactive ISS ESG United States Net Zero Pathway Index ETF (funds we track) ?

Compared with the average fund tracking the same index — our own data, not the licensed index itself.

YTD+10.5%
1 year+19.9%
3 years+15.8%

Return, year by year

+16.6
+32.1
+2.3
'23'24'25
3 of 3 up yearsBest: 2024 +32.1%Worst: 2025 +2.3%Calendar-year total returns, in USD

How bumpy has it been?

11.8%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-24.3%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.
1.10
Return for the risk (3y) ?
Reward earned per unit of bumpiness.

The bigger picture

+67.7%
Since inception
Total growth since launch — about +14.7% a year.
+38.1%
Best 12 months
The strongest one-year stretch on record.
-11.0%
Worst 12 months
The weakest one-year stretch on record.
-24.3%
Worst fall on record ?
It clawed back in about 7 months.

What's inside

By sector ?

Technology43.3%
Health Care12.8%
Communication Services11.3%
Financials9.8%
Consumer Discretionary9.7%
Real Estate4.0%
Industrials3.5%
Consumer Staples3.2%
Other / not shown2.5%

The 10 biggest holdings make up 41.9% of the fund — the rest is spread across roughly 298 more companies.

Top 10 holdings

#CompanyWeight
1NVIDIA CORP8.8%
2APPLE INC7.8%
3MICROSOFT CORP5.2%
4AMAZON COM INC3.8%
5ALPHABET INC CLASS A3.7%
6ALPHABET INC CLASS C3.1%
7BROADCOM INC3.0%
8MICRON TECHNOLOGY INC2.4%
9META PLATFORMS INC CLASS A2.1%
10TESLA INC2.0%

Where to buy this fund

Set from your language & location — change it if it's wrong.

Where it trades

ExchangeTickerCurrency
LSEXNZUUSD★ Primary
CHF listings
SIXXNUSCHF
EUR listings
Borsa ItalianaXNUSEUR
FrankfurtXNUSEUR
USD listings
B3XNUSDUSD
E1XNUSCHFUSD
E1XNUSEURUSD
E1XNUSGBPUSD
E1XNUSUSDUSD
EPXNUSEURUSD
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For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-07-17 · the fund's own published holdings.

#CompanyWeight
1NVIDIA CORP8.8%
2APPLE INC7.8%
3MICROSOFT CORP5.2%
4AMAZON COM INC3.8%
5ALPHABET INC CLASS A3.7%
6ALPHABET INC CLASS C3.1%
7BROADCOM INC3.0%
8MICRON TECHNOLOGY INC2.4%
9META PLATFORMS INC CLASS A2.1%
10TESLA INC2.0%
11ELI LILLY1.8%
12ADVANCED MICRO DEVICES INC1.6%
13JPMORGAN CHASE1.4%
14JOHNSON & JOHNSON1.2%
15APPLIED MATERIAL INC1.1%
16LAM RESEARCH CORP1.0%
17INTEL CORPORATION CORP1.0%
18VISA INC CLASS A1.0%
19CISCO SYSTEMS INC0.9%
20ABBVIE INC0.9%
21KLA CORP0.8%
22MASTERCARD INC CLASS A0.7%
23MERCK & CO INC0.7%
24UNITEDHEALTH GROUP INC0.6%
25BANK OF AMERICA CORP0.6%
26EDISON INTERNATIONAL0.6%
27TEXAS INSTRUMENT INC0.6%
28NETFLIX INC0.6%
29HOME DEPOT INC0.6%
30COSTCO WHOLESALE CORP0.5%
31COCA-COLA0.5%
32AMERICAN WATER WORKS INC0.5%
33WALMART INC0.5%
34GOLDMAN SACHS GROUP INC0.5%
35ANALOG DEVICES INC0.5%
36QUALCOMM INC0.5%
37MORGAN STANLEY0.5%
38PROCTER & GAMBLE0.4%
39AMGEN INC0.4%
40ARM HOLDINGS AMERICAN DEPOSITARY S0.4%
41PALO ALTO NETWORKS INC0.4%
42ORACLE CORP0.4%
43CITIGROUP INC0.4%
44MARVELL TECHNOLOGY INC0.4%
45ARISTA NETWORKS INC0.4%
46WELLTOWER INC0.4%
47CORNING INC0.4%
48THERMO FISHER SCIENTIFIC INC0.4%
49GILEAD SCIENCES INC0.4%
50WESTERN DIGITAL CORP0.4%
51CROWDSTRIKE HOLDINGS INC CLASS A0.4%
52LINDE PLC0.3%
53EQUINIX INC0.3%
54WELLS FARGO0.3%
55PEPSICO INC0.3%
56PFIZER INC0.3%
57AMERICAN EXPRESS0.3%
58VERTEX PHARMACEUTICALS INC0.3%
59PROLOGIS REIT INC0.3%
60ABBOTT LABORATORIES0.3%
61SEAGATE TECHNOLOGY HOLDINGS PLC0.3%
62VERTIV HOLDINGS CLASS A0.3%
63INTUITIVE SURGICAL INC0.3%
64VERIZON COMMUNICATIONS INC0.3%
65BRISTOL MYERS SQUIBB0.3%
66CVS HEALTH CORP0.3%
67WALT DISNEY0.3%
68DANAHER CORP0.3%
69STRYKER CORP0.3%
70CHARLES SCHWAB CORP0.3%
71SIMON PROPERTY GROUP INC0.3%
72AT&T INC0.3%
73BOOKING HOLDINGS INC0.3%
74BLACKROCK INC0.3%
75SALESFORCE INC0.3%
76MEDTRONIC PLC0.3%
77DEERE0.3%
78MONOLITHIC POWER SYSTEMS INC0.2%
79AMERICAN TOWER REIT CORP0.2%
80DIGITAL REALTY TRUST REIT INC0.2%
81MOTOROLA SOLUTIONS INC0.2%
82APPLOVIN CORP CLASS A0.2%
83IRON MOUNTAIN INC0.2%
84S&P GLOBAL INC0.2%
85KEYSIGHT TECHNOLOGIES INC0.2%
86PUBLIC STORAGE REIT0.2%
87MCDONALDS CORP0.2%
88O REILLY AUTOMOTIVE INC0.2%
89MICROCHIP TECHNOLOGY INC0.2%
90EDWARDS LIFESCIENCES CORP0.2%
91FASTENAL0.2%
92FORTINET INC0.2%
93UBER TECHNOLOGIES INC0.2%
94MERCADOLIBRE INC0.2%
95CADENCE DESIGN SYSTEMS INC0.2%
96ROYALTY PHARMA PLC CLASS A0.2%
97VENTAS REIT INC0.2%
98DATADOG INC CLASS A0.2%
99NETAPP INC0.2%
100OLD DOMINION FREIGHT LINE INC0.2%
101LOWES COMPANIES INC0.2%
102AUTOZONE INC0.2%
103EBAY INC0.2%
104REGENERON PHARMACEUTICALS INC0.2%
105SOUTHERN COPPER CORP0.2%
106SERVICENOW INC0.2%
107DOORDASH INC CLASS A0.2%
108BIOGEN INC0.2%
109REALTY INCOME REIT CORP0.2%
110WATERS CORP0.2%
111WASTE MANAGEMENT INC0.2%
112AUTOMATIC DATA PROCESSING INC0.2%
113GARMIN LTD0.2%
114ECOLAB INC0.2%
115TE CONNECTIVITY PLC0.2%
116BANK OF NEW YORK MELLON CORP0.2%
117SYNOPSYS INC0.2%
118EXTRA SPACE STORAGE REIT INC0.2%
119TRANE TECHNOLOGIES PLC0.2%
120EQUITY RESIDENTIAL REIT0.2%
121AVALONBAY COMMUNITIES REIT INC0.2%
122ESSEX PROPERTY TRUST REIT INC0.2%
123SNOWFLAKE INC0.2%
124ROYAL CARIBBEAN GROUP LTD0.2%
125CLOUDFLARE INC CLASS A0.2%
126KENVUE INC0.2%
127ADOBE INC0.2%
128CROWN CASTLE INC0.2%
129BLACKSTONE INC0.2%
130ROBINHOOD MARKETS INC CLASS A0.2%
131VICI PPTYS INC0.2%
132DEXCOM INC0.2%
133STARBUCKS CORP0.2%
134T MOBILE US INC0.2%
135CUMMINS INC0.2%
136BOSTON SCIENTIFIC CORP0.2%
137WEST PHARMACEUTICAL SERVICES INC0.2%
138FERGUSON ENTERPRISES INC0.2%
139COMCAST CORP CLASS A0.2%
140CME GROUP INC CLASS A0.2%
141SBA COMMUNICATIONS REIT CORP CLASS0.2%
142MCKESSON CORP0.2%
143SPOTIFY TECHNOLOGY SA0.2%
144ALNYLAM PHARMACEUTICALS INC0.2%
145MOODYS CORP0.2%
146ELEVANCE HEALTH INC0.2%
147SHERWIN WILLIAMS0.2%
148IDEXX LABORATORIES INC0.1%
149UNITED PARCEL SERVICE INC CLASS B0.1%
150INTERCONTINENTAL EXCHANGE INC0.1%
151ACCENTURE PLC CLASS A0.1%
152AIRBNB INC CLASS A0.1%
153JOHNSON CONTROLS INTERNATIONAL PLC0.1%
154CORTEVA INC0.1%
155METTLER TOLEDO INC0.1%
156ZIMMER BIOMET HOLDINGS INC0.1%
157INTUIT INC0.1%
158NIKE INC CLASS B0.1%
159CHURCH AND DWIGHT INC0.1%
160BECTON DICKINSON0.1%
161AGILENT TECHNOLOGIES INC0.1%
162COPART INC0.1%
163CINTAS CORP0.1%
164KKR AND CO INC0.1%
165CIGNA0.1%
166VULCAN MATERIALS0.1%
167MARSH INC0.1%
168ELECTRONIC ARTS INC0.1%
169TRAVELERS COMPANIES INC0.1%
170UNITED RENTALS INC0.1%
171ZOETIS INC CLASS A0.1%
172HILTON WORLDWIDE HOLDINGS INC0.1%
173BLOCK INC CLASS A0.1%
174RESMED INC0.1%
175MSCI INC0.1%
176ESTEE LAUDER INC CLASS A0.1%
177CHUBB0.1%
178TAKE TWO INTERACTIVE SOFTWARE INC0.1%
179ILLINOIS TOOL INC0.1%
180STERIS0.1%
181AON PLC CLASS A0.1%
182AUTODESK INC0.1%
183CARRIER GLOBAL CORP0.1%
184CONSTELLATION BRANDS INC CLASS A0.1%
185CENTENE CORP0.1%
186ARTHUR J GALLAGHER0.1%
187CARDINAL HEALTH INC0.1%
188STATE STREET CORP0.1%
189AMETEK INC0.1%
190ROPER TECHNOLOGIES INC0.1%
191SUPER MICRO COMPUTER INC0.1%
192INTERACTIVE BROKERS GROUP INC CLAS0.1%
193KEURIG DR PEPPER INC0.1%
194PROGRESSIVE CORP0.1%
195PAYCHEX INC0.1%
196APOLLO GLOBAL MANAGEMENT INC0.1%
197NASDAQ INC0.1%
198ULTA BEAUTY INC0.1%
199GE HEALTHCARE TECHNOLOGIES INC0.1%
200EXPEDIA GROUP INC0.1%
201PAYPAL HOLDINGS INC0.1%
202ROBLOX CORP CLASS A0.1%
203CHIPOTLE MEXICAN GRILL INC0.1%
204ZOOM COMMUNICATIONS INC CLASS A0.1%
205CORPAY INC0.1%
206COINBASE GLOBAL INC0.1%
207LULULEMON ATHLETICA INC0.1%
208MONGODB INC CLASS A0.1%
209REPUBLIC SERVICES INC0.1%
210FAIR ISAAC CORP0.1%
211VEEVA SYSTEMS INC CLASS A0.1%
212HERSHEY FOODS0.1%
213VERISIGN INC0.1%
214FISERV INC0.1%
215VERISK ANALYTICS INC0.1%
216MARTIN MARIETTA MATERIALS INC0.1%
217HCA HEALTHCARE INC0.1%
218IQVIA HOLDINGS INC0.1%
219AMERICAN INTERNATIONAL GROUP INC0.1%
220WORKDAY INC CLASS A0.1%
221CBRE GROUP INC CLASS A0.1%
222STRATEGY INC CLASS A0.1%
223REDDIT INC CLASS A0.1%
224GLOBAL PAYMENTS INC0.1%
225HUNTINGTON BANCSHARES INC0.1%
226DUPONT DE NEMOURS INC0.1%
227ON SEMICONDUCTOR CORP0.1%
228PNC FINANCIAL SERVICES GROUP INC0.1%
229MARRIOTT INTERNATIONAL INC CLASS A0.1%
230FIDELITY NATIONAL INFORMATION SERV0.1%
231CBOE GLOBAL MARKETS INC0.1%
232NVR INC0.1%
233PINTEREST INC CLASS A0.1%
234NORTHERN TRUST CORP0.1%
235LABCORP HOLDINGS INC0.1%
236FLUTTER ENTERTAINMENT PLC0.0%
237BROADRIDGE FINANCIAL SOLUTIONS INC0.0%
238RAYMOND JAMES INC0.0%
239ZSCALER INC0.0%
240MCCORMICK & CO NON-VOTING INC0.0%
241EQUIFAX INC0.0%
242COGNIZANT TECHNOLOGY SOLUTIONS COR0.0%
243US DOLLAR0.0%
2443M0.0%
245ATLASSIAN CORP CLASS A0.0%
246ROLLINS INC0.0%
247AFLAC INC0.0%
248ROCKET COMPANIES INC CLASS A0.0%
249MONDELEZ INTERNATIONAL INC CLASS A0.0%
250GARTNER INC0.0%
251COSTAR GROUP INC0.0%
252SS AND C TECHNOLOGIES HOLDINGS INC0.0%
253HUBSPOT INC0.0%
254PULTEGROUP INC0.0%
255AMDOCS LTD0.0%
256LAS VEGAS SANDS CORP0.0%
257KIMBERLY CLARK CORP0.0%
258TRADE DESK INC CLASS A0.0%
259WARNER BROS. DISCOVERY INC SERIES0.0%
260TRUIST FINANCIAL CORP0.0%
261DRAFTKINGS INC CLASS A0.0%
262SYSCO CORP0.0%
263CDW CORP0.0%
264SYNCHRONY FINANCIAL0.0%
265WILLIS TOWERS WATSON PLC0.0%
266LIVE NATION ENTERTAINMENT INC0.0%
267PACKAGING CORP OF AMERICA0.0%
268OTIS WORLDWIDE CORP0.0%
269SNAP ON INC0.0%
270AIR PRODUCTS AND CHEMICALS INC0.0%
271WESTINGHOUSE AIR BRAKE TECHNOLOGIE0.0%
272ALLSTATE CORP0.0%
273M&T BANK CORP0.0%
274NUCOR CORP0.0%
275DOVER CORP0.0%
276QUEST DIAGNOSTICS INC0.0%
277DARDEN RESTAURANTS INC0.0%
278CAPITAL ONE FINANCIAL CORP0.0%
279CINCINNATI FINANCIAL CORP0.0%
280D R HORTON INC0.0%
281EURO CURRENCY0.0%
282GLOBALFOUNDRIES INC0.0%
283YUM BRANDS INC0.0%
284CHARTER COMMUNICATIONS INC CLASS A0.0%
285FORD MOTOR0.0%
286REGIONS FINANCIAL CORP0.0%
287KRAFT HEINZ0.0%
288PPG INDUSTRIES INC0.0%
289XYLEM INC0.0%
290KEYCORP0.0%
291FIFTH THIRD BANCORP0.0%
292HP INC0.0%
293ARES MANAGEMENT CORP CLASS A0.0%
294SOUTHWEST AIRLINES0.0%
295DELTA AIR LINES INC0.0%
296COLGATE-PALMOLIVE0.0%
297CARNIVAL CORP LTD0.0%
298METLIFE INC0.0%
299GENERAL MOTORS0.0%
300ARCHER DANIELS MIDLAND0.0%
301INTERNATIONAL PAPER0.0%
302GENERAL MILLS INC0.0%
303WR BERKLEY CORP0.0%
304CITIZENS FINANCIAL GROUP INC0.0%
305US BANCORP0.0%
306TYSON FOODS INC CLASS A0.0%
307FOX CORP CLASS A0.0%
308FOX CORP CLASS B0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 67% of similar ETFs💰 All-in cost cheaper than 67%📈 Higher 1-yr return than 74%📈 Higher 3-yr return than 88%📊 Beat its category by 6.2% (1-yr) (category average +13.7%)📊 Beat its category by 10.1% (3-yr) (category average +5.7%)

Versus the Equity (stocks) · United States · CHF ETFs we track.

Advanced risk

1.51
Sortino (3y) ?
0.65
Calmar (3y) ?
8.1%
Downside deviation ?
58%
Up months (hit rate) ?
$47.00
52-week high ?
$38.16
52-week low ?

Concentration depth

~39 ?
Effective number of holdings

Roughly 308 companies are held, but the largest names carry most of the weight — so it behaves like ~39 equal-sized positions.

Tilt vs a world tracker

United States+25.2
Technology+14.1
Industrials-8.1
Financials-6.5
Japan-5.9
Energy-3.6

Percentage points over / under a broad world-equity tracker (not a licensed benchmark).

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Index trackedSolactive ISS ESG United States Net Zero Pathway IndexS&P 500 IndexS&P 500S&P 500S&P 500 IndexS&P 500
Yearly fee (TER)0.10%0.09%0.10%0.10%0.02%0.07%0.06%
All-in cost0.10%0.00%0.10%0.00%0.00%0.07%0.00%
Fund size€0€686.6B€180.5B€154.3B€139.3B€134B€88.2B
DomicileIrelandUnited StatesIrelandIrelandUnited StatesIrelandUnited States
ReplicationPhysical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+15.8%+18.3%+17.4%+18.3%+19.4%+10.2%
5-yr return p.a.+11.5%+10.4%+11.5%+12.8%+5.5%
# holdings308505511511508511103

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Data as of 2026-07-17 · Source: issuer data, compiled by Finance Hamster

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