ASRW.DE vs. ZPA5.DE
ASRW.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both ESG funds - ASRW.DE tracks the MSCI World Select Filtered Min TE Index while ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. Both are passively managed. Over the past year, ASRW.DE returned 22.06% vs 17.44% for ZPA5.DE. Their correlation of 0.87 suggests significant overlap in exposure. ASRW.DE charges 0.16%/yr vs 0.07%/yr for ZPA5.DE.
Performance
ASRW.DE vs. ZPA5.DE - Performance Comparison
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Different Trading Currencies
ASRW.DE is traded in USD, while ZPA5.DE is traded in EUR. To make them comparable, the ZPA5.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ASRW.DE achieves a 9.92% return, which is significantly higher than ZPA5.DE's 6.63% return.
ASRW.DE
- 1D
- 0.15%
- 1M
- 0.33%
- 6M
- 9.28%
- YTD
- 9.92%
- 1Y
- 22.06%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPA5.DE
- 1D
- 0.00%
- 1M
- -0.33%
- 6M
- 7.70%
- YTD
- 6.63%
- 1Y
- 17.44%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASRW.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ASRW.DE BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc | 9.92% | 20.73% | 10.39% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 6.63% | 16.01% | 13.25% |
Correlation
The correlation between ASRW.DE and ZPA5.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since May 30, 2024 | 0.87 |
The correlation between ASRW.DE and ZPA5.DE has been stable across timeframes, ranging from 0.86 to 0.87 - a consistent structural relationship.
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Return for Risk
ASRW.DE vs. ZPA5.DE — Risk / Return Rank
ASRW.DE
ZPA5.DE
ASRW.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) and Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ASRW.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.57 | 0.82 | +1.74 |
| Martin ratioReturn relative to average drawdown | 10.55 | 1.57 | +8.98 |
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Drawdowns
ASRW.DE vs. ZPA5.DE - Drawdown Comparison
The maximum ASRW.DE drawdown since its inception was -16.82%, smaller than the maximum ZPA5.DE drawdown of -21.18%. Use the drawdown chart below to compare losses from any high point for ASRW.DE and ZPA5.DE.
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Drawdown Indicators
| ASRW.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -16.82% | -21.18% | +4.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.56% | -21.18% | +12.62% |
Current DrawdownCurrent decline from peak | 0.00% | -6.82% | +6.82% |
Average DrawdownAverage peak-to-trough decline | -1.72% | -4.83% | +3.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.09% | 11.11% | -9.02% |
Volatility
ASRW.DE vs. ZPA5.DE - Volatility Comparison
The current volatility for BNP Paribas Easy MSCI World Min TE UCITS ETF USD Acc (ASRW.DE) is 2.73%, while Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a volatility of 3.12%. This indicates that ASRW.DE experiences smaller price fluctuations and is considered to be less risky than ZPA5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASRW.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.73% | 3.12% | -0.39% |
Volatility (6M)Calculated over the trailing 6-month period | 9.96% | 9.05% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.49% | 24.56% | -12.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 19.34% | -5.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.34% | 19.34% | -5.00% |
ASRW.DE vs. ZPA5.DE - Expense Ratio Comparison
ASRW.DE has a 0.16% expense ratio, which is higher than ZPA5.DE's 0.07% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ASRW.DE vs. ZPA5.DE - Dividend Comparison
Neither ASRW.DE nor ZPA5.DE has paid dividends to shareholders.
Frequently Asked Questions
ASRW.DE and ZPA5.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPA5.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPA5.DE is cheaper with a 0.07% expense ratio, compared with 0.16% for ASRW.DE.
ASRW.DE tracks MSCI World Select Filtered Min TE Index, while ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. They also come from different issuers: BNP Paribas and Amundi. Their fees differ too: 0.16% for ASRW.DE and 0.07% for ZPA5.DE.
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