Xtrackers Net Zero Pathway Paris Aligned US Equity ETF (USNZ) is a ETF from Xtrackers ETFs and Vanguard S&P 500 ETF (VOO) is a ETF from Vanguard (US). Over the past year USNZ returned +24.06% while VOO returned +23.71%. Year to date, USNZ is up 14.03% versus a gain of 13.80% for VOO.

Over three years, USNZ compounded at +20.71% per year against +21.50% for VOO. Across the full 4-year window we track, USNZ has the edge at +19.85% annualized vs +13.58%. Past performance does not guarantee future results.

USNZ has been the more volatile fund, with annualized monthly volatility of 15.4% compared with 14.1% for VOO. Lower volatility generally means a smoother ride, though it often comes with lower long-run returns.

The deepest peak-to-trough decline in our data was -19.2% for USNZ and -34.3% for VOO. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

The two funds' monthly returns correlate at 0.99. They move almost in lockstep, so holding both mostly duplicates the same exposure.

USNZ charges 0.10% per year while VOO charges 0.03%. On a $10,000 position that is $10 vs $3 annually, a gap of $7 per year that compounds over a long holding period. On income, USNZ currently yields 0.97% against 1.09% for VOO.