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USNZvsSPXEETF Comparison

ETF 1

USNZ

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

Full USNZ fund page

VS

ETF 2

SPXE

ProShares S&P 500 Ex-Energy ETF

This fund is part of

US Large Cap

-1.55%

Full SPXE fund page

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) belongs to the segment. ProShares S&P 500 Ex-Energy ETF (SPXE) is part of the US Large Cap segment. USNZ's top 3 sector exposures are Technology, Finance and Healthcare. In contrast, SPXE's top sector exposures are Technology, Finance and Consumer Non-Cyclicals. USNZ is less expensive with a Total Expense Ratio (TER) of 0.1%, versus 0.13% for SPXE. USNZ is up 7.18% year-to-date (YTD) with -$17M in YTD flows. SPXE performs worse with 6.79% YTD performance, and +$2M in YTD flows. Run a side-by-side ETF comparison of USNZ and SPXE below, and assess how they stack up in performance, liquidity, risk, exposure, holdings, and more, helping you select the best ETF for your investments.

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USNZ vs SPXE performance and flow charts

Performance

Cumulative Flows

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Daily, global ETF data for advanced analysis or integration into apps (API), from our partner Trackinsight.

Data Services

Historic performance and flows

Data as of 07/29/2026

		1M	3M	YTD	1Y	3Y	5Y
Perf.	USNZ SPXE	-1.53%-1.98%	+3.55%+2.89%	+7.18%+6.79%	+16.20%+15.48%	+61.17%+66.21%	n/a+74.12%
Flows	USNZ SPXE	--	-$12M+$794K	-$17M+$2M	-$6M+$4M	+$38M+$15M	-+$24M

Volatility and drawdown

		3M	1Y	3Y	5Y
Volatility	USNZ SPXE	+15.03%+14.00%	+13.99%+13.33%	+15.43%+15.36%	n/a+17.27%
Max drawdown	USNZ SPXE	-5.09%-4.62%	-11.08%-10.13%	-19.00%-18.84%	n/a-26.44%
Max drawdown duration	USNZ SPXE	57d57d	76d92d	126d126d	n/a711d

Trading data

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	USNZ	SPXE
Last sale 7/29/2026 at 1:30 PM	$46.17	$78.50
Previous close 07/29/2026	$46.89	$79.81
Consolidated volume 07/29/2026
Average volume 30 days
Average discount or premium 30 days
Average Bid/Ask spread 30 days

Replication quality

Data as of June 30, 2026

1-year trailing difference

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	USNZ	SPXE
Tracking error
Tracking difference
1 year cumulative return difference
Best
Worst
Daily return difference
Average
Worst

Main metrics

Last update 7/29/2026 at 1:30 PM

Live

Closed

	USNZ	SPXE
Last price	$46.17	$78.50
1D performance	-1.53%	-1.64%
AuM	$283.69 M	$81.63 M
E/R	0.1%	0.13%

Characteristics

	USNZ	SPXE
Management strategy	Passive	Passive
Provider	Xtrackers by DWS	ProShares
Benchmark	Solactive ISS ESG United States Net Zero Pathway Enhanced Index	S&P 500 Ex-Energy Index
N° of holdings	495	476
Asset class	Equities	Equities
Trailing 12m distribution yield	Join	Join
Inception date	June 28, 2022	September 22, 2015
ESG	Yes	No

More USNZ data on Trackinsight

More SPXE data on Trackinsight

Exposure

Countries

USNZ

USA

97.69%

Other

2.31%

SPXE

USA

97.52%

Other

2.48%

Sectors

USNZ

Technology

53.74%

Finance

13.48%

Healthcare

11.08%

Consumer Non-Cycl.

7.67%

Other

14.04%

SPXE

Technology

46.77%

Finance

13.83%

Consumer Non-Cycl.

9.29%

Healthcare

8.8%

Industrials

8.32%

Other

13%

Diversification

USNZ

Total weight of top 15 holdings out of 15

49.95%

SPXE

Total weight of top 15 holdings out of 15

44.3%

Top 15 holdings

Data as of June 30, 2026

USNZ

NVIDIA Corp.

9.43%

Apple, Inc.

8.48%

Microsoft Corp.

5.37%

Alphabet, Inc.

3.78%

Amazon.com, Inc.

3.72%

Alphabet, Inc.

3.21%

Broadcom Inc.

2.98%

Meta Platforms, Inc.

2.18%

Micron Technology, Inc.

2.14%

Tesla, Inc.

1.83%

Eli Lilly & Co.

1.62%

Advanced Micro Devices, Inc.

1.54%

JPMorgan Chase & Co.

1.48%

Intel Corp.

1.15%

Johnson & Johnson

1.04%

SPXE

NVIDIA Corp.

7.85%

Apple, Inc.

7.01%

Microsoft Corp.

4.42%

Amazon.com, Inc.

3.73%

Alphabet, Inc.

3.30%

Broadcom Inc.

2.95%

Alphabet, Inc.

2.65%

Meta Platforms, Inc.

1.99%

Micron Technology, Inc.

1.92%

Tesla, Inc.

1.72%

Berkshire Hathaway, Inc.

1.48%

JPMorgan Chase & Co.

1.46%

Eli Lilly & Co.

1.44%

Advanced Micro Devices, Inc.

1.38%

Intel Corp.

1.01%

Frequently asked questions about USNZ and SPXE

USNZvsSPXEETF Comparison

Xtrackers Net Zero Pathway Paris Aligned US Equity ETF

ProShares S&P 500 Ex-Energy ETF

USNZ vs SPXE performance and flow charts

Performance

Cumulative Flows

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Countries

Sectors

Diversification

Top 15 holdings

How have the USNZ and SPXE ETFs performed in 2026?

As of July 29, 2026, USNZ is up 7.18% year-to-date (YTD), while SPXE has returned 6.79%. That puts USNZ better performer ahead so far this year.

Which ETF is attracting more investor money: USNZ or SPXE?

Year-to-date, the USNZ ETF saw -$17M in flows, compared to +$2M for SPXE.

Which ETF is more volatile: USNZ or SPXE?

Over the past year, USNZ had a volatility of 13.99%, while SPXE experienced 13.33%.

Which ETF is bigger: USNZ or SPXE?

As of July 29, 2026, USNZ holds $283.69 M in assets under management (AUM), while SPXE manages $81.63 M.

What sectors do the USNZ and SPXE ETFs invest in?

USNZ leans toward sectors like Technology, Finance and Healthcare. Meanwhile, SPXE focuses on Technology, Finance and Consumer Non-Cyclicals.

What are the top holdings of the USNZ ETF and SPXE ETF?

USNZ top holdings include NVIDIA Corp., Apple, Inc. and Microsoft Corp.. SPXE holds in its top three: NVIDIA Corp., Apple, Inc. and Microsoft Corp..

Which ETF is more diversified: USNZ or SPXE?

USNZ holds 502 securities with 49.95% of its assets in the top 15. SPXE has 479 securities and a top 15 weight of 44.3%.

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