EUED.DE vs. ZPA5.DE
EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both exchange-traded funds - EUED.DE is a Ultrashort Bond fund tracking the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index, while ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. Both are passively managed. Over the past year, EUED.DE returned 2.18% vs 19.47% for ZPA5.DE. At a correlation of -0.01, they often move in opposite directions. EUED.DE charges 0.09%/yr vs 0.07%/yr for ZPA5.DE.
Performance
EUED.DE vs. ZPA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUED.DE achieves a 1.15% return, which is significantly lower than ZPA5.DE's 10.20% return.
EUED.DE
- 1D
- -0.20%
- 1M
- 0.17%
- 6M
- 0.95%
- YTD
- 1.15%
- 1Y
- 2.18%
- 3Y*
- 3.28%
- 5Y*
- 2.11%
- 10Y*
- —
ZPA5.DE
- 1D
- 0.00%
- 1M
- 2.18%
- 6M
- 9.16%
- YTD
- 10.20%
- 1Y
- 19.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUED.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.15% | 2.56% | 4.11% | 0.41% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 10.20% | 2.76% | 34.10% | 4.52% |
Correlation
The correlation between EUED.DE and ZPA5.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | -0.01 |
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Return for Risk
EUED.DE vs. ZPA5.DE — Risk / Return Rank
EUED.DE
ZPA5.DE
EUED.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.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.
| EUED.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.28 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 10.92 | 0.95 | +9.96 |
| Martin ratioReturn relative to average drawdown | 24.04 | 1.72 | +22.31 |
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Drawdowns
EUED.DE vs. ZPA5.DE - Drawdown Comparison
The maximum EUED.DE drawdown since its inception was -3.54%, smaller than the maximum ZPA5.DE drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for EUED.DE and ZPA5.DE.
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Drawdown Indicators
| EUED.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.54% | -23.13% | +19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -0.20% | -20.40% | +20.20% |
Max Drawdown (3Y)Largest decline over 3 years | -0.39% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -1.20% | — | — |
Current DrawdownCurrent decline from peak | -0.20% | -4.71% | +4.51% |
Average DrawdownAverage peak-to-trough decline | -0.73% | -6.36% | +5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 11.30% | -11.21% |
Volatility
EUED.DE vs. ZPA5.DE - Volatility Comparison
The current volatility for iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) is 0.35%, while Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a volatility of 2.87%. This indicates that EUED.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
| EUED.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.35% | 2.87% | -2.52% |
Volatility (6M)Calculated over the trailing 6-month period | 1.03% | 8.36% | -7.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.57% | 24.46% | -22.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 1.65% | 19.71% | -18.06% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 2.51% | 19.71% | -17.20% |
EUED.DE vs. ZPA5.DE - Expense Ratio Comparison
EUED.DE has a 0.09% 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
EUED.DE vs. ZPA5.DE - Dividend Comparison
EUED.DE's dividend yield for the trailing twelve months is around 2.36%, while ZPA5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EUED.DE and ZPA5.DE have a correlation of -0.04, 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 0.09% for EUED.DE.
EUED.DE is categorized as Ultrashort Bond, while ZPA5.DE is ESG. EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index, while ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. They also come from different issuers: iShares and Amundi. Their fees differ too: 0.09% for EUED.DE and 0.07% for ZPA5.DE.
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