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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…

· 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 ?
+9.2%
Price Return · to 2026-08-26
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 195 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. Lower is cheaper.

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For example, a 0.20% fee works out at €0.20 a year for every €100 invested — that’s a generic illustration of the mechanic, not this fund’s own fee. 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+5.2%
1 year+9.2%

How bumpy has it been?

14.7%
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

+9.4%
Since inception
Total growth since launch — about +7.9% a year.
+12.1%
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 31.6% of the fund — the rest is spread across roughly 185 more companies.

Top 10 holdings

#CompanyWeight
1NOVO NORDISK CLASS B7.6%
2INVESTOR CLASS B4.3%
3SPOTIFY TECHNOLOGY4.0%
4NORDEA BANK2.9%
5NOKIA2.5%
6DSV2.3%
7VESTAS WIND SYSTEMS2.3%
8ASSA ABLOY CLASS B2.1%
9NOVOZYMES CLASS B1.8%
10DANSKE BANK1.7%

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
E1XNZNGBPEUR
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FrankfurtXNZNEUR
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For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows

Full holdings

As of 2026-08-26 · the fund's own published holdings.

#CompanyWeight
1NOVO NORDISK CLASS B7.6%
2INVESTOR CLASS B4.3%
3SPOTIFY TECHNOLOGY4.0%
4NORDEA BANK2.9%
5NOKIA2.5%
6DSV2.3%
7VESTAS WIND SYSTEMS2.3%
8ASSA ABLOY CLASS B2.1%
9NOVOZYMES CLASS B1.8%
10DANSKE BANK1.7%
11SWEDBANK CLASS A1.7%
12SKANDINAVISKA ENSKILDA BANKEN CLAS1.7%
13HEXAGON CLASS B1.5%
14SAMPO CLASS A1.5%
15ERICSSON CLASS B1.4%
16GENMAB1.3%
17KONE CLASS B1.3%
18DNB BANK1.3%
19ATLAS COPCO CLASS A1.2%
20INVESTOR CLASS A1.2%
21METSO CORPORATION1.1%
22VOLVO CLASS B1.0%
23SVENSKA HANDELSBANKEN CLASS A1.0%
24SKANSKA CLASS B1.0%
25TRELLEBORG CLASS B0.9%
26BOLIDEN0.9%
27INDUTRADE0.9%
28SVENSKA CELLULOSA AKTIEBOLAGET SCA0.9%
29ESSITY CLASS B0.9%
30MYCRONIC0.8%
31ORION CLASS B0.8%
32UPM-KYMMENE0.8%
33COLOPLAST CLASS B0.8%
34PANDORA0.8%
35SALMAR0.8%
36SWEDISH ORPHAN BIOVITRUM0.7%
37EQT0.7%
38MOWI0.7%
39LIFCO CLASS B0.7%
40CARLSBERG CLASS B0.7%
41ADDTECH CLASS B0.7%
42EVOLUTION0.6%
43SECURITAS CLASS B0.6%
44OERSTED0.6%
45TELIA COMPANY0.6%
46GETINGE CLASS B0.6%
47HOLMEN CLASS B0.6%
48STORA ENSO CLASS R0.6%
49TELE2 CLASS B0.6%
50BRAVIDA HOLDING0.5%
51HIAB OYJ0.5%
52CASTELLUM0.5%
53INDUSTRIVARDEN CLASS C0.5%
54HENNES & MAURITZ CLASS B0.5%
55SAGAX CLASS B0.5%
56FASTIGHETS BALDER CLASS B0.5%
57TELENOR0.5%
58MIPS0.5%
59LAGERCRANTZ GROUP CLASS B0.5%
60ALK-ABELLO CLASS B0.5%
61ISS0.5%
62DEMANT0.5%
63LOOMIS CLASS B0.5%
64NCC CLASS B0.4%
65BAVARIAN NORDIC0.4%
66NORDIC SEMICONDUCTOR0.4%
67TRYG0.4%
68KONECRANES0.4%
69ZEALAND PHARMA0.4%
70CAMURUS0.4%
71SWECO CLASS B0.4%
72NKT0.4%
73ALIMAK GROUP0.4%
74HEMNET GROUP0.4%
75ATLAS COPCO CLASS B0.4%
76WIHLBORGS FASTIGHETER0.4%
77LUMO KODIT OYJ0.4%
78AL SYDBANK0.4%
79PANDOX CLASS B0.4%
80ALTRA FASTIGHETER0.4%
81INTRUM0.4%
82JYSKE BANK0.4%
83GN STORE NORD0.4%
84CATENA0.4%
85HMS NETWORKS0.4%
86THULE GROUP0.4%
87WALLENSTAM CLASS B0.4%
88HOIST FINANCE0.4%
89FABEGE0.4%
90RINGKJOBING LANDBOBANK0.4%
91H. LUNDBECK CLASS B0.4%
92VITROLIFE0.3%
93ELISA0.3%
94HUFVUDSTADEN CLASS A0.3%
95AMBU CLASS B0.3%
96BIOGAIA CLASS B0.3%
97OEM INTERNATIONAL CLASS B0.3%
98ROYAL UNIBREW0.3%
99NP3 FASTIGHETER0.3%
100AVANZA BANK HOLDING0.3%
101SCATEC0.3%
102NCAB GROUP0.3%
103BAKKAFROST0.3%
104CLAS OHLSON CLASS B0.3%
105ATRIUM LJUNGBERG CLASS B0.3%
106HEXPOL CLASS B0.3%
107DIOS FASTIGHETER0.3%
108SAGAX CLASS D0.3%
109PLATZER FASTIGHETER HOLDING CLASS0.3%
110SPAREBANK SR-NORGE0.3%
111INDUSTRIVARDEN CLASS A0.3%
112VEIDEKKE0.3%
113LUNDBERGFORETAGEN CLASS B0.3%
114SAMHALLSBYGGNADSBOLAGET I NORDEN C0.3%
115ORKLA0.3%
116PER AARSLEFF HOLDING CLASS B0.3%
117ELEKTA CLASS B0.3%
118SDIPTECH CLASS B0.3%
119SECTRA CLASS B0.3%
120JM0.3%
121HIMALAYA SHIPPING LTD0.3%
122NORDNET0.3%
123NORSK HYDRO0.3%
124VEND MARKETPLACES0.2%
125NOLATO CLASS B0.2%
126HUHTAMAKI0.2%
127BORREGAARD0.2%
128CLOETTA CLASS B0.2%
129PROTECTOR FORSIKRING0.2%
130BURE EQUITY0.2%
131GJENSIDIGE FORSIKRING0.2%
132BUFAB0.2%
133KINNEVIK CLASS B0.2%
134ROCKWOOL CLASS B0.2%
135LINDAB INTERNATIONAL0.2%
136TIETO0.2%
137INWIDO0.2%
138BOOZT0.2%
139NETCOMPANY GROUP0.1%
140SPAREBANKEN NORGE0.1%
141MODERN TIMES GROUP MTG CLASS B0.1%
142AUTOSTORE HOLDINGS LTD0.1%
143VITEC SOFTWARE GROUP CLASS B0.1%
144SINCH0.1%
145ATTENDO0.1%
146A P MOLLER MAERSK CLASS B0.1%
147ADDNODE GROUP CLASS B0.1%
148SKF CLASS B0.1%
149MEDICOVER CLASS B0.1%
150SCANDIC HOTELS GROUP0.1%
151RAYSEARCH LABORATORIES CLASS B0.1%
152KEMIRA0.1%
153NORION BANK0.1%
154BETSSON CLASS B0.0%
155ADDLIFE CLASS B0.0%
156DOMETIC GROUPINARY SHARES0.0%
157EURO CURRENCY0.0%
158DANISH KRONE0.0%
159CREADES CLASS A0.0%
160US DOLLAR0.0%
161NORWEGIAN KRONE0.0%
162SWEDISH KRONA0.0%
163BILLERUD AKTIEBOLAG0.0%
164MANDATUM0.0%
165VOLVO CLASS A0.0%
166NORWEGIAN AIR SHUTTLE0.0%
167NOKIAN RENKAAT0.0%
168ALM BRAND0.0%
169LEROY SEAFOOD GROUP0.0%
170PEAB CLASS B0.0%
171SPAREBANK SMNS0.0%
172STORSKOGEN GROUP CLASS B0.0%
173ELKEM0.0%
174ELECTROLUX CLASS B0.0%
175ATEA0.0%
176BILIA CLASS A0.0%
177SSAB CLASS A0.0%
178SSAB CLASS B0.0%
179OUTOKUMPU0.0%
180CADELER0.0%
181NIBE INDUSTRIER CLASS B0.0%
182YARA INTERNATIONAL0.0%
183MUNTERS GROUP0.0%
184GRANGES0.0%
185SCHOUW AND CO0.0%
186SVENSKA HANDELSBANKEN CLASS B0.0%
187LATOUR INVESTMENT CLASS B0.0%
188BEIJER REF CLASS B0.0%
189AAK0.0%
190VALMET CORP0.0%
191TERVEYSTALO0.0%
192ELECTROLUX PROFESSIONAL CLASS B0.0%
193NEW WAVE GROUP CLASS B0.0%
194VOLVO CAR CLASS B0.0%
195HUSQVARNA CLASS B0.0%

⭳ Download full holdings (CSV)

How it ranks vs peers

🪙 Cheaper than 82% of similar ETFs💰 All-in cost cheaper than 85%📈 Higher 1-yr return than 19%📊 Behind its category by 9.0% (1-yr) (category average +18.2%)

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

Advanced risk

10.0%
Downside deviation ?
58%
Up months (hit rate) ?
€36.62
52-week high ?
€31.05
52-week low ?

Concentration depth

~56 ?
Effective number of holdings

Roughly 195 companies are held, but the largest names carry most of the weight — so it behaves like ~56 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%0.07%0.09%0.15%
All-in cost0.15%0.45%0.00%0.07%0.07%0.09%0.15%
Fund size€0€50.5B€28.7B€28.4B€21.7B€21.6B€21.4B
DomicileIrelandIrelandLULULULULU
ReplicationPhysical (full)Synthetic (swap)Synthetic (swap)Synthetic (swap)Physical (full)Physical (full)Physical (full)
3-yr return p.a.+18.1%+18.4%
5-yr return p.a.+9.8%+9.0%
# holdings1952821010613613613

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Data as of 2026-08-26 · Source: issuer data, compiled by Finance Hamster

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