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Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1C
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.)
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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
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
Performance
Growth of €100 invested — both lines start at €100.
Compared with the average fund tracking the same index — our own data, not the licensed index itself.
How bumpy has it been?
The bigger picture
What's inside
By sector ?
The 10 biggest holdings make up 32.0% of the fund — the rest is spread across roughly 172 more companies.
Top 10 holdings
| # | Company | Weight |
|---|---|---|
| 1 | NOVO NORDISK CLASS B | 8.1% |
| 2 | INVESTOR CLASS B | 4.5% |
| 3 | DSV | 3.2% |
| 4 | NOVOZYMES CLASS B | 3.1% |
| 5 | NORDEA BANK | 2.7% |
| 6 | NOKIA | 2.2% |
| 7 | MYCRONIC | 2.2% |
| 8 | ASSA ABLOY CLASS B | 2.1% |
| 9 | ATLAS COPCO CLASS A | 2.0% |
| 10 | VOLVO CLASS B | 2.0% |
Where to buy this fund
Set from your language & location — change it if it's wrong.
Where it trades
| Exchange | Ticker | Currency | |
|---|---|---|---|
| LSE | XNZN | EUR | ★ Primary |
| EUR listings | |||
| B3 | XNZND | EUR | |
| E1 | XNZNGBP | EUR | |
| E1 | XNZNEUR | EUR | |
| EB | XNZND | EUR | |
| EO | XNZNEUR | EUR | |
| EO | XNZNGBP | EUR | |
| EP | XNZNEUR | EUR | |
| EU | XNZNGBP | EUR | |
| EU | XNZNEUR | EUR | |
| EZ | XNZNEUR | EUR | |
| Frankfurt | XNZN | EUR | |
| GD | XNZN | EUR | |
| GF | XNZN | EUR | |
| GM | XNZN | EUR | |
| GS | XNZN | EUR | |
| GT | XNZN | EUR | |
| GZ | XNZN | EUR | |
| I2 | XNZND | EUR | |
| IX | XNZND | EUR | |
| L1 | XNZND | EUR | |
| L3 | XNZND | EUR | |
| LA | XNZN | EUR | |
| LU | XNZN | EUR | |
| PO | XNZND | EUR | |
| QT | XNZN | EUR | |
| S1 | XNZND | EUR | |
| S4 | XNZND | EUR | |
| TH | XNZN | EUR | |
| X1 | XNZNEUR | EUR | |
| X1 | XNZNGBP | EUR | |
| X2 | XNZNGBP | EUR | |
| X2 | XNZNEUR | EUR | |
| X9 | XNZNEUR | EUR | |
| XA | XNZNEUR | EUR | |
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| XE | XNZNEUR | EUR | |
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| XF | XNZNEUR | EUR | |
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| XG | XNZNGBP | EUR | |
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| XH | XNZNEUR | EUR | |
| XH | XNZNGBP | EUR | |
| XJ | XNZNEUR | EUR | |
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| XL | XNZNEUR | EUR | |
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| XO | XNZNGBP | EUR | |
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| XQ | XNZNEUR | EUR | |
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| XT | XNZNGBP | EUR | |
| XU | XNZNEUR | EUR | |
| XU | XNZNGBP | EUR | |
| XV | XNZNEUR | EUR | |
| XV | XNZNGBP | EUR | |
| XW | XNZNGBP | EUR | |
| XW | XNZNEUR | EUR | |
| XX | XNZNEUR | EUR | |
| XX | XNZNGBP | EUR | |
| XY | XNZNEUR | EUR | |
| XY | XNZNGBP | EUR | |
| XZ | XNZNEUR | EUR | |
| XZ | XNZNGBP | EUR | |
For serious comparison — full data holdings, percentiles, advanced risk, tilt, flows
Full holdings
As of 2026-07-17 · the fund's own published holdings.
| # | Company | Weight |
|---|---|---|
| 1 | NOVO NORDISK CLASS B | 8.1% |
| 2 | INVESTOR CLASS B | 4.5% |
| 3 | DSV | 3.2% |
| 4 | NOVOZYMES CLASS B | 3.1% |
| 5 | NORDEA BANK | 2.7% |
| 6 | NOKIA | 2.2% |
| 7 | MYCRONIC | 2.2% |
| 8 | ASSA ABLOY CLASS B | 2.1% |
| 9 | ATLAS COPCO CLASS A | 2.0% |
| 10 | VOLVO CLASS B | 2.0% |
| 11 | SAMPO CLASS A | 2.0% |
| 12 | PANDORA | 1.7% |
| 13 | SWEDBANK CLASS A | 1.6% |
| 14 | GENMAB | 1.5% |
| 15 | SKANSKA CLASS B | 1.5% |
| 16 | INVESTOR CLASS A | 1.4% |
| 17 | SVENSKA CELLULOSA AKTIEBOLAGET SCA | 1.4% |
| 18 | TRELLEBORG CLASS B | 1.3% |
| 19 | NORDIC SEMICONDUCTOR | 1.3% |
| 20 | INDUTRADE | 1.2% |
| 21 | VESTAS WIND SYSTEMS | 1.2% |
| 22 | CASTELLUM | 1.2% |
| 23 | SWECO CLASS B | 1.2% |
| 24 | SALMAR | 1.2% |
| 25 | LOOMIS CLASS B | 1.1% |
| 26 | SWEDISH ORPHAN BIOVITRUM | 1.1% |
| 27 | LAGERCRANTZ GROUP CLASS B | 1.1% |
| 28 | ALK-ABELLO CLASS B | 1.1% |
| 29 | HMS NETWORKS | 1.0% |
| 30 | HOLMEN CLASS B | 1.0% |
| 31 | DANSKE BANK | 1.0% |
| 32 | ORION CLASS B | 1.0% |
| 33 | TELIA COMPANY | 0.9% |
| 34 | COLOPLAST CLASS B | 0.9% |
| 35 | SECURITAS CLASS B | 0.9% |
| 36 | ADDTECH CLASS B | 0.9% |
| 37 | TELE2 CLASS B | 0.9% |
| 38 | TELENOR | 0.8% |
| 39 | ELISA | 0.8% |
| 40 | FABEGE | 0.8% |
| 41 | EVOLUTION | 0.8% |
| 42 | WALLENSTAM CLASS B | 0.8% |
| 43 | DEMANT | 0.8% |
| 44 | DNB BANK | 0.8% |
| 45 | FASTIGHETS BALDER CLASS B | 0.8% |
| 46 | SAGAX CLASS B | 0.8% |
| 47 | HUFVUDSTADEN CLASS A | 0.8% |
| 48 | WIHLBORGS FASTIGHETER | 0.8% |
| 49 | CATENA | 0.8% |
| 50 | PANDOX CLASS B | 0.8% |
| 51 | ALTRA FASTIGHETER | 0.7% |
| 52 | H. LUNDBECK CLASS B | 0.7% |
| 53 | LUMO KODIT OYJ | 0.7% |
| 54 | GN STORE NORD | 0.7% |
| 55 | BAVARIAN NORDIC | 0.7% |
| 56 | MIPS | 0.7% |
| 57 | SKANDINAVISKA ENSKILDA BANKEN CLAS | 0.7% |
| 58 | SCATEC | 0.7% |
| 59 | DIOS FASTIGHETER | 0.7% |
| 60 | TRYG | 0.7% |
| 61 | SDIPTECH CLASS B | 0.7% |
| 62 | BIOGAIA CLASS B | 0.6% |
| 63 | THULE GROUP | 0.6% |
| 64 | CAMURUS | 0.6% |
| 65 | SECTRA CLASS B | 0.6% |
| 66 | VEND MARKETPLACES | 0.6% |
| 67 | JYSKE BANK | 0.6% |
| 68 | ERICSSON CLASS B | 0.6% |
| 69 | ZEALAND PHARMA | 0.5% |
| 70 | KONE CORP CLASS B | 0.5% |
| 71 | BEIJER ALMA CLASS B | 0.5% |
| 72 | MODERN TIMES GROUP MTG CLASS B | 0.5% |
| 73 | NETCOMPANY GROUP | 0.5% |
| 74 | TIETO | 0.5% |
| 75 | SPAREBANK SR-NORGE | 0.5% |
| 76 | SAMHALLSBYGGNADSBOLAGET I NORDEN C | 0.5% |
| 77 | AVANZA BANK HOLDING | 0.4% |
| 78 | BURE EQUITY | 0.4% |
| 79 | HEMNET GROUP | 0.4% |
| 80 | QT GROUP | 0.4% |
| 81 | BRAVIDA HOLDING | 0.4% |
| 82 | AMBU CLASS B | 0.4% |
| 83 | HIAB OYJ | 0.4% |
| 84 | MOWI | 0.4% |
| 85 | VITROLIFE | 0.4% |
| 86 | ROYAL UNIBREW | 0.4% |
| 87 | PROTECTOR FORSIKRING | 0.4% |
| 88 | JM | 0.4% |
| 89 | NCC CLASS B | 0.3% |
| 90 | AL SYDBANK | 0.3% |
| 91 | RAYSEARCH LABORATORIES CLASS B | 0.3% |
| 92 | RINGKJOBING LANDBOBANK | 0.3% |
| 93 | INDUSTRIVARDEN CLASS C | 0.3% |
| 94 | ATLAS COPCO CLASS B | 0.3% |
| 95 | KINNEVIK CLASS B | 0.3% |
| 96 | VITEC SOFTWARE GROUP CLASS B | 0.3% |
| 97 | TRUECALLER CLASS B | 0.2% |
| 98 | LUNDBERGFORETAGEN CLASS B | 0.2% |
| 99 | GETINGE CLASS B | 0.2% |
| 100 | AUTOSTORE HOLDINGS LTD | 0.2% |
| 101 | LIFCO CLASS B | 0.2% |
| 102 | ISS | 0.1% |
| 103 | BAKKAFROST | 0.1% |
| 104 | NORION BANK | 0.1% |
| 105 | INDUSTRIVARDEN CLASS A | 0.1% |
| 106 | OERSTED | 0.0% |
| 107 | METSO CORPORATION | 0.0% |
| 108 | SVENSKA HANDELSBANKEN CLASS A | 0.0% |
| 109 | EURO CURRENCY | 0.0% |
| 110 | MPC CONTAINER SHIPS | 0.0% |
| 111 | SCANDIC HOTELS GROUP | 0.0% |
| 112 | STOREBRAND | 0.0% |
| 113 | VOLVO CLASS A | 0.0% |
| 114 | SWEDISH KRONA | 0.0% |
| 115 | NORWEGIAN AIR SHUTTLE | 0.0% |
| 116 | NORWEGIAN KRONE | 0.0% |
| 117 | ADDLIFE CLASS B | 0.0% |
| 118 | MANDATUM | 0.0% |
| 119 | NORSK HYDRO | 0.0% |
| 120 | ALM BRAND | 0.0% |
| 121 | PEAB CLASS B | 0.0% |
| 122 | SKF CLASS B | 0.0% |
| 123 | BUFAB | 0.0% |
| 124 | LEROY SEAFOOD GROUP | 0.0% |
| 125 | ATTENDO | 0.0% |
| 126 | SPAREBANK SMNS | 0.0% |
| 127 | NOKIAN RENKAAT | 0.0% |
| 128 | ELKEM | 0.0% |
| 129 | MEDICOVER CLASS B | 0.0% |
| 130 | BILIA CLASS A | 0.0% |
| 131 | ORKLA | 0.0% |
| 132 | NORDNET | 0.0% |
| 133 | ATEA | 0.0% |
| 134 | LINDAB INTERNATIONAL | 0.0% |
| 135 | BOLIDEN | 0.0% |
| 136 | CLOETTA CLASS B | 0.0% |
| 137 | STORSKOGEN GROUP CLASS B | 0.0% |
| 138 | OUTOKUMPU | 0.0% |
| 139 | SSAB CLASS A | 0.0% |
| 140 | YARA INTERNATIONAL | 0.0% |
| 141 | SSAB CLASS B | 0.0% |
| 142 | SPAREBANKEN NORGE | 0.0% |
| 143 | CADELER | 0.0% |
| 144 | MUNTERS GROUP | 0.0% |
| 145 | AAK | 0.0% |
| 146 | SINCH | 0.0% |
| 147 | ROCKWOOL CLASS B | 0.0% |
| 148 | DANISH KRONE | 0.0% |
| 149 | NIBE INDUSTRIER CLASS B | 0.0% |
| 150 | SVENSKA HANDELSBANKEN CLASS B | 0.0% |
| 151 | BEIJER REF CLASS B | 0.0% |
| 152 | GRANGES | 0.0% |
| 153 | ELECTROLUX BTA B | 0.0% |
| 154 | BORREGAARD | 0.0% |
| 155 | LATOUR INVESTMENT CLASS B | 0.0% |
| 156 | UPM-KYMMENE | 0.0% |
| 157 | FORTUM | 0.0% |
| 158 | INWIDO | 0.0% |
| 159 | GJENSIDIGE FORSIKRING | 0.0% |
| 160 | HENNES & MAURITZ CLASS B | 0.0% |
| 161 | TERVEYSTALO | 0.0% |
| 162 | HUHTAMAKI | 0.0% |
| 163 | KEMIRA | 0.0% |
| 164 | SCHOUW AND CO | 0.0% |
| 165 | NEW WAVE GROUP CLASS B | 0.0% |
| 166 | KONECRANES | 0.0% |
| 167 | EQT | 0.0% |
| 168 | ELEKTA CLASS B | 0.0% |
| 169 | BETSSON CLASS B | 0.0% |
| 170 | ELECTROLUX PROFESSIONAL CLASS B | 0.0% |
| 171 | VALMET CORP | 0.0% |
| 172 | ESSITY CLASS B | 0.0% |
| 173 | DOMETIC GROUPINARY SHARES | 0.0% |
| 174 | ELECTROLUX CLASS B | 0.0% |
| 175 | VOLVO CAR CLASS B | 0.0% |
| 176 | STORA ENSO CLASS R | 0.0% |
| 177 | PER AARSLEFF HOLDING CLASS B | 0.0% |
| 178 | ARJO CLASS B | 0.0% |
| 179 | HUSQVARNA CLASS B | 0.0% |
| 180 | METSA BOARD CLASS B | 0.0% |
| 181 | US DOLLAR | 0.0% |
| 182 | HEXPOL CLASS B | 0.0% |
How it ranks vs peers
Versus the Equity (stocks) · Europe · EUR ETFs we track.
Advanced risk
Concentration depth
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
Percentage points over / under a broad world-equity tracker (not a licensed benchmark).
Documents
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.
| Xtrackers Nordic Net Zero Pathway Paris Aligned UCITS ETF 1CXtrackersYou're viewing | Invesco S&P 500 UCITS ETF EUR Hdg AccInvescoBroader match | Amundi Core S&P 500 Swap UCITS ETF EUR Hedged DistAmundiBroader match | Amundi Core S&P 500 Swap UCITS ETF EUR Hedged AccAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF USD Hedged AccAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF AccAmundiBroader match | Amundi Core Stoxx Europe 600 UCITS ETF EUR Hedged DistAmundiBroader match | |
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| Why it's similar | This is the fund on this page. | StocksAccumulatingCheaper fee Tracks a different index in the same category. | StocksCheaper fee Tracks a different index in the same category. | StocksAccumulatingCheaper fee Tracks a different index in the same category. | StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category. | StocksAccumulatingPhysicalCheaper fee Tracks a different index in the same category. | StocksPhysical Tracks a different index in the same category. |
| Index tracked | Solactive ISS ESG Nordic Investable Universe Net Zero Pathway Index | S&P 500 Daily Hedged Euro Net Total Return Index | S&P 500 Daily Hedged Euro Index Net TR | S&P 500 Daily Hedged Euro Index Net TR | STOXX Europe 600 (Net Return) EUR | STOXX Europe 600 (Net Return) EUR | STOXX Europe 600 (Net Return) EUR |
| Yearly fee (TER) | 0.15% | 0.05% | 0.07% | 0.07% | 0.09% | 0.07% | 0.15% |
| All-in cost | 0.15% | 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 |
| Domicile | Ireland | Ireland | LU | LU | LU | LU | LU |
| Replication | Physical (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% | |||||
| # holdings | 182 | 288 | 10 | 10 | 614 | 615 | 615 |
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