Xtrackers Net Zero Pathway Paris Aligned US… (USNZ) Performance
USNZ total return
Distributions reinvested · as of Oct 23, 2026- YTD
- +11.9% since Dec 31, 2025
- 1 year
- +13.8% total return
- 3 years
- +22.6% a year
- Since first price
- +18.3% a year since 2022
USNZ trailing returns vs SPY, QQQ, AGG
| Period | USNZ total return | Price only | S&P 500 (SPY) | Nasdaq-100 (QQQ) | U.S. bonds (AGG) |
|---|---|---|---|---|---|
| 1 month | −1.6% | −1.6% | −1.0% | −5.0% | +0.9% |
| 3 months | +3.6% | +3.4% | +3.2% | +1.9% | −0.4% |
| 6 months | +8.8% | +8.3% | +7.8% | +8.4% | −1.5% |
| YTD | +11.9% | +11.2% | +12.3% | +15.1% | −1.0% |
| 1 year | +13.8% | +12.7% | +14.4% | +15.9% | −1.1% |
| 3 years | +84.5%+22.6%/yr | +78.4% | +87.4%+23.3%/yr | +101.4%+26.3%/yr | +16.6%+5.2%/yr |
| Since inceptionJun 28, 2022 | +106.9%+18.3%/yr | +96.7% | — | — | — |
Total return from adjusted closes (distributions reinvested, before tax). Periods of 3 years or more are also shown annualized. Price only excludes distributions.
Growth of $10,000: USNZ vs SPY
From Jun 28, 2022: USNZ grew to $20,688, SPY to $21,114.
Year-end values with distributions reinvested, no taxes or trading costs. Start: first common trading day of both funds.
USNZ returns by calendar year
3 of 3 full years positive. Best 2023 (+27.8%), worst 2025 (+17.8%). 2026 is year to date.
USNZ annual returns table
| Year | USNZ | Largest drop | SPY | QQQ | AGG |
|---|---|---|---|---|---|
| 2026YTD | +11.9% | −11.1% | +12.3% | +15.1% | −1.0% |
| 2025 | +17.8% | −19.2% | +17.7% | +20.8% | +7.2% |
| 2024 | +22.0% | −8.7% | +24.9% | +25.6% | +1.3% |
| 2023 | +27.8% | −11.3% | +26.2% | +54.9% | +5.7% |
Largest drop = deepest fall from a high within that calendar year.
Calendar-year return vs largest drop within the year
Most years include a sizable fall at some point even when the year ends higher.
USNZ largest drawdowns
Now 3.2% below the high| Peak | Decline | Bottom | Recovered | Fall | Underwater |
|---|---|---|---|---|---|
| Feb 19, 2025 | −19.2% | Apr 8, 2025 | Jun 26, 2025 | 48 days | 4 months |
| Aug 16, 2022 | −17.8% | Oct 12, 2022 | Jun 1, 2023 | 57 days | 9 months |
| Jul 31, 2023 | −11.3% | Oct 27, 2023 | Dec 1, 2023 | 3 months | 4 months |
| Jan 28, 2026 | −11.1% | Mar 30, 2026 | Apr 15, 2026 | 2 months | 3 months |
Declines from a closing high (distributions reinvested) of 10% or more. Underwater = time from the peak until the old high was regained.
USNZ risk statistics
| Statistic | 3 years | Since 2022 |
|---|---|---|
| Annualized return | +22.5% | +19.3% |
| Volatility (annualized) | 13.3% | 15.2% |
| Sharpe ratio | 1.28 | 0.96 |
| Sortino ratio | 2.59 | 1.69 |
| Best month | +12.1% | +12.1% |
| Worst month | −5.9% | −9.7% |
| Best 12 months | +37.6% | +37.6% |
| Worst 12 months | +5.3% | +5.3% |
| Positive months | 67% | 65% |
| Beta vs S&P 500 | 1.06 | — |
| Correlation with S&P 500 | 0.99 | — |
From monthly total returns. Sharpe and Sortino use 1–3 month T-bills (BIL) as the risk-free rate, so they need history from 2007 on.
USNZ rolling returns
| Holding period | Periods | Worst | Median | Best | Positive |
|---|---|---|---|---|---|
| 1-year | 41 | +5.3% | +20.0% | +37.6% | 100% |
| 3-year (a year) | 17 | +16.1% | +20.0% | +24.5% | 100% |
Every holding period starting at a month-end since 2022. Returns for 3 years and longer are annualized.
USNZ performance overview
Xtrackers Net Zero Pathway Paris Aligned US… (USNZ) returned +13.8% over the past year, with distributions reinvested. Since its first recorded price in 2022 it has returned +18.3% a year, turning $10,000 into about $20,688. Over the same year S&P 500 (SPY) returned +14.4%.
The deepest decline was −19.2%, from Feb 19, 2025 to Apr 8, 2025, and it took 3 months to get back to the old high. USNZ finished 3 of its 3 full calendar years with a gain; the best year was 2023 (+27.8%) and the worst 2025 (+17.8%). Volatility has been 15.2% a year.
Related: USNZ chart, USNZ holdings, USNZ dividends, USNZ valuation. See the USNZ overview for the latest quote and fund facts.
USNZ performance FAQ
What is the USNZ return over the past year?
USNZ returned +13.8% over the 12 months to October 23, 2026, including reinvested distributions. On price alone it rose 12.7%.
How much would $10,000 invested in USNZ be worth?
$10,000 invested in USNZ at its first recorded close on June 28, 2022 would be worth about $20,688 on October 23, 2026 with distributions reinvested.
What was the worst year for USNZ?
The worst calendar year was 2025, with a total return of +17.8%. The best was 2023 at +27.8%.
What is the biggest drawdown of USNZ?
The largest peak-to-trough decline was −19.2% between February 19, 2025 and April 8, 2025. It recovered to the old high on June 26, 2025, 3 months after the bottom.
How volatile is USNZ?
Over the past 3 years USNZ had an annualized volatility of 13.3% and a Sharpe ratio of 1.28 (excess return over 1–3 month T-bills per unit of risk).