FTGE.DE vs. ZPAB.DE
FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) and ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) are both Europe Equities funds - FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone while ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate. Both are passively managed. Over the past 5 years, FTGE.DE returned 11.59%/yr vs 9.80%/yr for ZPAB.DE. Their correlation of 0.87 suggests significant overlap in exposure. FTGE.DE charges 0.65%/yr vs 0.20%/yr for ZPAB.DE.
Performance
FTGE.DE vs. ZPAB.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, FTGE.DE achieves a 13.73% return, which is significantly higher than ZPAB.DE's 6.68% return.
FTGE.DE
- 1D
- 0.51%
- 1M
- 0.87%
- YTD
- 13.73%
- 6M
- 16.65%
- 1Y
- 29.62%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
ZPAB.DE
- 1D
- 0.88%
- 1M
- 6.30%
- YTD
- 6.68%
- 6M
- 8.24%
- 1Y
- 13.99%
- 3Y*
- 16.18%
- 5Y*
- 9.80%
- 10Y*
- —
FTGE.DE vs. ZPAB.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 10.37% |
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 FTGE.DE and ZPAB.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.87 |
The correlation between FTGE.DE and ZPAB.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
FTGE.DE vs. ZPAB.DE — Risk / Return Rank
FTGE.DE
ZPAB.DE
FTGE.DE vs. ZPAB.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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.
| FTGE.DE | ZPAB.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.17 | +0.23 |
| Calmar ratioReturn relative to maximum drawdown | 3.27 | 1.25 | +2.03 |
| Martin ratioReturn relative to average drawdown | 12.30 | 4.35 | +7.95 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| FTGE.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.87 | +1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.57 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.88 | 0.74 | +0.14 |
Drawdowns
FTGE.DE vs. ZPAB.DE - Drawdown Comparison
The maximum FTGE.DE drawdown since its inception was -26.63%, smaller than the maximum ZPAB.DE drawdown of -28.68%. Use the drawdown chart below to compare losses from any high point for FTGE.DE and ZPAB.DE.
Loading charts...
Drawdown Indicators
| FTGE.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.63% | -28.68% | +2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -9.38% | -11.18% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.12% | -16.26% | +0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -26.63% | -28.68% | +2.05% |
Current DrawdownCurrent decline from peak | 0.00% | -0.10% | +0.10% |
Average DrawdownAverage peak-to-trough decline | -5.40% | -5.75% | +0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.21% | -0.71% |
Volatility
FTGE.DE vs. ZPAB.DE - Volatility Comparison
The current volatility for First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) is 3.83%, while Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) has a volatility of 5.16%. This indicates that FTGE.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.
Loading charts...
Volatility by Period
| FTGE.DE | ZPAB.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.83% | 5.16% | -1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.63% | 13.16% | -1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.23% | 15.99% | -1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.58% | 17.10% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.41% | 16.97% | +1.44% |
FTGE.DE vs. ZPAB.DE - Expense Ratio Comparison
FTGE.DE has a 0.65% expense ratio, which is higher than ZPAB.DE's 0.20% expense ratio.
Dividends
FTGE.DE vs. ZPAB.DE - Dividend Comparison
Neither FTGE.DE nor ZPAB.DE has paid dividends to shareholders.
Frequently Asked Questions
FTGE.DE and ZPAB.DE have a correlation of 0.83, 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 0.65% for FTGE.DE.
FTGE.DE tracks Nasdaq AlphaDEX® Eurozone, while ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate. They also come from different issuers: First Trust and Amundi. Their fees differ too: 0.65% for FTGE.DE and 0.20% for ZPAB.DE.
Find the right allocation for FTGE.DE and ZPAB.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer