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Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C

Xtrackers · IE000HT7E0B1

Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C is an exchange-traded fund (ETF) from Xtrackers, traded under the ticker XNZN (ISIN IE000HT7E0B1). It lets you buy a basket of holdings in a single trade, spreading your money across them rather than one company. 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, focused on the European market. It follows the Solactive ISS ESG Nordic Investable Universe 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 NOVO NORDISK CLASS B, INVESTOR CLASS B and DSV. Spread across roughly 182 holdings (the ten largest ≈ 32%), no one position makes or breaks the fund. Geographically it leans ~53.2% Sweden, ~28.6% Denmark and ~11.3% Finland. By industry it concentrates most in ~21.9% Industrials and ~19.7% Health Care. Investors often use a broad fund like this as a long-term 'core' holding — a single building block that covers much of a global portfolio in one trade. Its ongoing charge (TER) is 0.15% a year — about €15 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 EUR. On the standard KID risk scale it is rated 6 out of 7 and its price has swung about 15.3% over the past year — a gauge of how much the value moves, not a judgement of quality. It launched in 2023. 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 Nordic Investable Universe Net Zero Pathway Index index ?
Equity ?Accumulating ?Physical ?Ireland ?
Low yearly feeReinvests dividendsOwns the shares directlyEurope
Fund size (AUM) ?
€0
Risk level (SRI) ?
6 / 7 · High
1-year return ?
+6.7%
Price Return · to 2026-07-17
Yearly fee (TER) ?
0.15%
All-in cost ≈ 0.15%

About this fund

What you own

The Solactive ISS ESG Nordic Investable Universe Net Zero Pathway Index index is the benchmark this fund aims to copy. By holding it, this fund gives you a stake in around 182 companies across Europe in a single purchase.

Dividends

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

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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).

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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

0.15%Yearly fee (TER)
0.15%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.

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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 Nordic Investable Universe Net Zero Pathway Index
Replication ?
Physical
Full — buys every share
Regulation ?
UCITS
Yes
Launched
2023
3-year track record

Performance

93.498.5104109114202520262026

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

Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C Average Solactive ISS ESG Nordic Investable Universe 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+2.9%
1 year+6.7%

How bumpy has it been?

15.3%
Volatility (1y) ?
How much the price swings year to year — lower is calmer.
-13.4%
Worst drop (3y) ?
The biggest fall from a peak over the last three years.

The bigger picture

+7.0%
Since inception
Total growth since launch — about +6.5% a year.
+7.0%
Best 12 months
The strongest one-year stretch on record.
+2.0%
Worst 12 months
The weakest one-year stretch on record.
-13.4%
Worst fall on record ?
It clawed back in about 2 months.

What's inside

By sector ?

Industrials21.9%
Health Care19.7%
Financials19.2%
Technology10.4%
Real Estate10.1%
Materials5.5%
Communication Services5.0%
Consumer Discretionary5.0%
Other / not shown3.3%

The 10 biggest holdings make up 32.0% of the fund — the rest is spread across roughly 172 more companies.

Top 10 holdings

#CompanyWeight
1NOVO NORDISK CLASS B8.1%
2INVESTOR CLASS B4.5%
3DSV3.2%
4NOVOZYMES CLASS B3.1%
5NORDEA BANK2.7%
6NOKIA2.2%
7MYCRONIC2.2%
8ASSA ABLOY CLASS B2.1%
9ATLAS COPCO CLASS A2.0%
10VOLVO CLASS B2.0%

Where to buy this fund

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

Where it trades

ExchangeTickerCurrency
LSEXNZNEUR★ Primary
EUR listings
B3XNZNDEUR
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FrankfurtXNZNEUR
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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
1NOVO NORDISK CLASS B8.1%
2INVESTOR CLASS B4.5%
3DSV3.2%
4NOVOZYMES CLASS B3.1%
5NORDEA BANK2.7%
6NOKIA2.2%
7MYCRONIC2.2%
8ASSA ABLOY CLASS B2.1%
9ATLAS COPCO CLASS A2.0%
10VOLVO CLASS B2.0%
11SAMPO CLASS A2.0%
12PANDORA1.7%
13SWEDBANK CLASS A1.6%
14GENMAB1.5%
15SKANSKA CLASS B1.5%
16INVESTOR CLASS A1.4%
17SVENSKA CELLULOSA AKTIEBOLAGET SCA1.4%
18TRELLEBORG CLASS B1.3%
19NORDIC SEMICONDUCTOR1.3%
20INDUTRADE1.2%
21VESTAS WIND SYSTEMS1.2%
22CASTELLUM1.2%
23SWECO CLASS B1.2%
24SALMAR1.2%
25LOOMIS CLASS B1.1%
26SWEDISH ORPHAN BIOVITRUM1.1%
27LAGERCRANTZ GROUP CLASS B1.1%
28ALK-ABELLO CLASS B1.1%
29HMS NETWORKS1.0%
30HOLMEN CLASS B1.0%
31DANSKE BANK1.0%
32ORION CLASS B1.0%
33TELIA COMPANY0.9%
34COLOPLAST CLASS B0.9%
35SECURITAS CLASS B0.9%
36ADDTECH CLASS B0.9%
37TELE2 CLASS B0.9%
38TELENOR0.8%
39ELISA0.8%
40FABEGE0.8%
41EVOLUTION0.8%
42WALLENSTAM CLASS B0.8%
43DEMANT0.8%
44DNB BANK0.8%
45FASTIGHETS BALDER CLASS B0.8%
46SAGAX CLASS B0.8%
47HUFVUDSTADEN CLASS A0.8%
48WIHLBORGS FASTIGHETER0.8%
49CATENA0.8%
50PANDOX CLASS B0.8%
51ALTRA FASTIGHETER0.7%
52H. LUNDBECK CLASS B0.7%
53LUMO KODIT OYJ0.7%
54GN STORE NORD0.7%
55BAVARIAN NORDIC0.7%
56MIPS0.7%
57SKANDINAVISKA ENSKILDA BANKEN CLAS0.7%
58SCATEC0.7%
59DIOS FASTIGHETER0.7%
60TRYG0.7%
61SDIPTECH CLASS B0.7%
62BIOGAIA CLASS B0.6%
63THULE GROUP0.6%
64CAMURUS0.6%
65SECTRA CLASS B0.6%
66VEND MARKETPLACES0.6%
67JYSKE BANK0.6%
68ERICSSON CLASS B0.6%
69ZEALAND PHARMA0.5%
70KONE CORP CLASS B0.5%
71BEIJER ALMA CLASS B0.5%
72MODERN TIMES GROUP MTG CLASS B0.5%
73NETCOMPANY GROUP0.5%
74TIETO0.5%
75SPAREBANK SR-NORGE0.5%
76SAMHALLSBYGGNADSBOLAGET I NORDEN C0.5%
77AVANZA BANK HOLDING0.4%
78BURE EQUITY0.4%
79HEMNET GROUP0.4%
80QT GROUP0.4%
81BRAVIDA HOLDING0.4%
82AMBU CLASS B0.4%
83HIAB OYJ0.4%
84MOWI0.4%
85VITROLIFE0.4%
86ROYAL UNIBREW0.4%
87PROTECTOR FORSIKRING0.4%
88JM0.4%
89NCC CLASS B0.3%
90AL SYDBANK0.3%
91RAYSEARCH LABORATORIES CLASS B0.3%
92RINGKJOBING LANDBOBANK0.3%
93INDUSTRIVARDEN CLASS C0.3%
94ATLAS COPCO CLASS B0.3%
95KINNEVIK CLASS B0.3%
96VITEC SOFTWARE GROUP CLASS B0.3%
97TRUECALLER CLASS B0.2%
98LUNDBERGFORETAGEN CLASS B0.2%
99GETINGE CLASS B0.2%
100AUTOSTORE HOLDINGS LTD0.2%
101LIFCO CLASS B0.2%
102ISS0.1%
103BAKKAFROST0.1%
104NORION BANK0.1%
105INDUSTRIVARDEN CLASS A0.1%
106OERSTED0.0%
107METSO CORPORATION0.0%
108SVENSKA HANDELSBANKEN CLASS A0.0%
109EURO CURRENCY0.0%
110MPC CONTAINER SHIPS0.0%
111SCANDIC HOTELS GROUP0.0%
112STOREBRAND0.0%
113VOLVO CLASS A0.0%
114SWEDISH KRONA0.0%
115NORWEGIAN AIR SHUTTLE0.0%
116NORWEGIAN KRONE0.0%
117ADDLIFE CLASS B0.0%
118MANDATUM0.0%
119NORSK HYDRO0.0%
120ALM BRAND0.0%
121PEAB CLASS B0.0%
122SKF CLASS B0.0%
123BUFAB0.0%
124LEROY SEAFOOD GROUP0.0%
125ATTENDO0.0%
126SPAREBANK SMNS0.0%
127NOKIAN RENKAAT0.0%
128ELKEM0.0%
129MEDICOVER CLASS B0.0%
130BILIA CLASS A0.0%
131ORKLA0.0%
132NORDNET0.0%
133ATEA0.0%
134LINDAB INTERNATIONAL0.0%
135BOLIDEN0.0%
136CLOETTA CLASS B0.0%
137STORSKOGEN GROUP CLASS B0.0%
138OUTOKUMPU0.0%
139SSAB CLASS A0.0%
140YARA INTERNATIONAL0.0%
141SSAB CLASS B0.0%
142SPAREBANKEN NORGE0.0%
143CADELER0.0%
144MUNTERS GROUP0.0%
145AAK0.0%
146SINCH0.0%
147ROCKWOOL CLASS B0.0%
148DANISH KRONE0.0%
149NIBE INDUSTRIER CLASS B0.0%
150SVENSKA HANDELSBANKEN CLASS B0.0%
151BEIJER REF CLASS B0.0%
152GRANGES0.0%
153ELECTROLUX BTA B0.0%
154BORREGAARD0.0%
155LATOUR INVESTMENT CLASS B0.0%
156UPM-KYMMENE0.0%
157FORTUM0.0%
158INWIDO0.0%
159GJENSIDIGE FORSIKRING0.0%
160HENNES & MAURITZ CLASS B0.0%
161TERVEYSTALO0.0%
162HUHTAMAKI0.0%
163KEMIRA0.0%
164SCHOUW AND CO0.0%
165NEW WAVE GROUP CLASS B0.0%
166KONECRANES0.0%
167EQT0.0%
168ELEKTA CLASS B0.0%
169BETSSON CLASS B0.0%
170ELECTROLUX PROFESSIONAL CLASS B0.0%
171VALMET CORP0.0%
172ESSITY CLASS B0.0%
173DOMETIC GROUPINARY SHARES0.0%
174ELECTROLUX CLASS B0.0%
175VOLVO CAR CLASS B0.0%
176STORA ENSO CLASS R0.0%
177PER AARSLEFF HOLDING CLASS B0.0%
178ARJO CLASS B0.0%
179HUSQVARNA CLASS B0.0%
180METSA BOARD CLASS B0.0%
181US DOLLAR0.0%
182HEXPOL CLASS B0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 80% of similar ETFs💰 All-in cost cheaper than 84%📈 Higher 1-yr return than 16%📊 Behind its category by 10.6% (1-yr) (category average +17.3%)

Versus the Equity (stocks) · Europe · EUR ETFs we track.

Advanced risk

10.6%
Downside deviation ?
58%
Up months (hit rate) ?
€35.88
52-week high ?
€31.05
52-week low ?

Concentration depth

~51 ?
Effective number of holdings

Roughly 182 companies are held, but the largest names carry most of the weight — so it behaves like ~51 equal-sized positions.

Tilt vs a world tracker

United States-72.1
Sweden+52.3
Denmark+28.2
Technology-18.8
Finland+11.0
Health Care+10.4

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

Similar funds

We found 6 funds that do much the same job as this one. To pick them we matched this fund's asset class and region, then show how close each match is below.

Matched on🌍 Europe stocks
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Index trackedSolactive ISS ESG Nordic Investable Universe Net Zero Pathway IndexS&P 500 Daily Hedged Euro Net Total Return IndexS&P 500 Daily Hedged Euro Index Net TRS&P 500 Daily Hedged Euro Index Net TRSTOXX Europe 600 (Net Return) EURSTOXX Europe 600 (Net Return) EURSTOXX Europe 600 (Net Return) EUR
Yearly fee (TER)0.15%0.05%0.07%0.07%0.09%0.07%0.15%
All-in cost0.15%0.45%0.07%0.00%0.09%0.00%0.00%
Fund size€0€49.8B€27.1B€27.1B€20.6B€20.5B€20.5B
DomicileIrelandIrelandLULULULULU
ReplicationPhysical (full)Synthetic (swap)Synthetic (swap)Synthetic (swap)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+16.9%+16.2%
5-yr return p.a.+10.3%+9.4%
# holdings1822881010614615615

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

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