USNZ
Xtrackers Net Zero Pathway Paris Aligned US Equity ETF
USNZ tracks a tier-weighted index of large- and mid-cap US stocks selected and weighted based on ESG criteria that is aligned with the objectives of the Net Zero Investment Framework and the Paris Climate Agreement.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
231.6 M
ASSETS UNDER MGMT
10 bp
EXPENSES
Fund Basics
| Fund sponsor | Deutsche Bank |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Jun 28, 2022 |
| Assets (mns) | $232 |
| Expense ratio | 10 bp |
| Currency | CAD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| APPLE INC | 9.2 % |
| NVIDIA CORP | 8.0 % |
| MICROSOFT CORP | 6.5 % |
| META PLATFORMS INC | 2.3 % |
| ALPHABET INC. CLASS A | 2.2 % |
| ALPHABET INC. CLASS C | 1.9 % |
| BROADCOM INC. | 1.7 % |
| ELI LILLY & CO | 1.6 % |
| JPMORGAN CHASE & CO | 1.4 % |
| UNITEDHEALTH GROUP INC | 1.2 % |
Constituent Breakdown
| Number of holdings | 357 |
| Herfindahl-Hirschman Index | 235 |
| Wgt avg mkt cap (mns) | $856,382 |
| Large cap (>$10bn) | 99.8% |
| Mid cap ($2-10bn) | 0.3% |
| Small cap (<$2bn) | 0.0% |
| Developed mkts. | 99.6% |
| Emerging mkts. | 0.4% |
Country Exposure
 |
UNITED STATES | 97.2 % |
 |
IRELAND | 1.6 % |
 |
SWITZERLAND | 0.7 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 25.4% | 31.7% | 23.3% | -- | -- | -- | 22.1% | Volatility | 13.0% | 12.7% | 14.6% | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.97 | 99% |
| MSCI EAFE | 0.74 | 67% |
| MSCI Emg Mkts | 0.54 | 43% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.24% |
| ADV of underlying (mns) | $191,094 |
Technical Indicators
| Recent close | $37.35 |
| 30d moving avg. | $38.19 |
| Annualized volatility | 15.5% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. USNZ |
Expenses vs. USNZ |
ALTAR Score™ vs. USNZ |
|---|---|---|---|---|
| GSUS | Goldman Sachs MarketBeta U.S. Equity ETF | 75.6% | -3 bp | -0.4% |
| SPXE | ProShares S&P 500 Ex-Energy ETF | 75.3% | -1 bp | -0.5% |
| XVV | iShares ESG Screened S&P 500 ETF | 74.3% | -2 bp | -0.4% |
| VOTE | TCW Transform 500 ETF | 73.4% | -5 bp | -0.4% |
| BBUS | JP Morgan Betabuilders U.S. Equity ETF | 72.7% | -8 bp | -0.3% |
| ESGV | Vanguard ESG U.S. Stock ETF | 72.5% | -1 bp | -0.5% |
| BKLC | BNY Mellon US Large Cap Core Equity ETF | 72.4% | -10 bp | -0.3% |
| SPYX | SPDR S&P 500 Fossil Fuel Reserves Free ETF | 72.0% | +10 bp | -0.5% |
| VV | Vanguard Large-Cap ETF | 71.9% | -6 bp | -0.4% |
| STRV | Strive 500 ETF | 71.5% | -5 bp | -0.4% |
Risk and Returns: USNZ vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 12/18/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
USNZ
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
ALTAR Score™
USNZ
5.4%
Cat. Avg
5.7%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.7% and a standard deviation of
2.6%. USNZ's ALTAR Score™ is approximately
0.1 standard deviations
below
the category average. This places USNZ in the 46th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
USNZSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| USNZ (10 bp) Percentile rank | 13 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| USNZ | 10.0 | 24.3 | 34.3 |
| Peer Avg. | 37.3 | 15.0 | 52.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .