18M2.DE vs. ZPAB.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) are both Europe Equities funds from Amundi - 18M2.DE tracks the MSCI EMU High Dividend Yield while ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate. Both are passively managed. Over the past 5 years, 18M2.DE returned 8.90%/yr vs 9.80%/yr for ZPAB.DE. Their correlation of 0.82 suggests significant overlap in exposure. 18M2.DE charges 0.30%/yr vs 0.20%/yr for ZPAB.DE.
Performance
18M2.DE vs. ZPAB.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with 18M2.DE having a 6.76% return and ZPAB.DE slightly lower at 6.68%.
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPAB.DE
- 1D
- 0.88%
- 1M
- 6.30%
- YTD
- 6.68%
- 6M
- 8.24%
- 1Y
- 13.99%
- 3Y*
- 16.18%
- 5Y*
- 9.80%
- 10Y*
- —
18M2.DE vs. ZPAB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | 6.02% |
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 6.68% | 22.02% | 13.92% | 22.06% | -17.12% | 24.77% | 7.73% |
Correlation
The correlation between 18M2.DE and ZPAB.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.82 |
The correlation between 18M2.DE and ZPAB.DE has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
18M2.DE vs. ZPAB.DE — Risk / Return Rank
18M2.DE
ZPAB.DE
18M2.DE vs. ZPAB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| 18M2.DE | ZPAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.62 | ||
| Sortino ratioReturn per unit of downside risk | +0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.17 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.25 | +1.30 |
| Martin ratioReturn relative to average drawdown | 6.71 | 4.35 | +2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| 18M2.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 0.87 | +0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.57 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.74 | -0.30 |
Drawdowns
18M2.DE vs. ZPAB.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, which is greater than ZPAB.DE's maximum drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and ZPAB.DE.
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Drawdown Indicators
| 18M2.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -28.68% | -8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -11.18% | +4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -16.26% | +1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -28.68% | +7.87% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | — | — |
Current DrawdownCurrent decline from peak | -1.44% | -0.10% | -1.34% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -5.75% | -0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.21% | -0.85% |
Volatility
18M2.DE vs. ZPAB.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) has a volatility of 5.16%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than ZPAB.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 5.16% | -2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 13.16% | -4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 15.99% | -5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 17.10% | -3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 16.97% | -1.53% |
18M2.DE vs. ZPAB.DE - Expense Ratio Comparison
18M2.DE has a 0.30% expense ratio, which is higher than ZPAB.DE's 0.20% expense ratio.
Dividends
18M2.DE vs. ZPAB.DE - Dividend Comparison
Neither 18M2.DE nor ZPAB.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and ZPAB.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPAB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPAB.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for 18M2.DE.
18M2.DE tracks MSCI EMU High Dividend Yield, while ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate. Their fees differ too: 0.30% for 18M2.DE and 0.20% for ZPAB.DE.
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