IU0E.DE vs. ZPA5.DE
IU0E.DE (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc)) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both exchange-traded funds - IU0E.DE is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged), 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, IU0E.DE returned 1.88% vs 19.47% for ZPA5.DE. At a 0.02 correlation, their price movements are largely independent. IU0E.DE charges 0.17%/yr vs 0.07%/yr for ZPA5.DE.
Performance
IU0E.DE vs. ZPA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IU0E.DE achieves a 0.56% return, which is significantly lower than ZPA5.DE's 10.20% return.
IU0E.DE
- 1D
- -0.18%
- 1M
- 0.18%
- 6M
- 0.56%
- YTD
- 0.56%
- 1Y
- 1.88%
- 3Y*
- 3.20%
- 5Y*
- 1.06%
- 10Y*
- —
ZPA5.DE
- 1D
- 0.00%
- 1M
- 2.18%
- 6M
- 9.16%
- YTD
- 10.20%
- 1Y
- 19.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IU0E.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
IU0E.DE iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) | 0.56% | 3.05% | 3.56% | 1.40% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 10.20% | 2.76% | 34.10% | 4.52% |
Correlation
The correlation between IU0E.DE and ZPA5.DE is 0.02, 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 | 0.02 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.02 |
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Return for Risk
IU0E.DE vs. ZPA5.DE — Risk / Return Rank
IU0E.DE
ZPA5.DE
IU0E.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.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.
| IU0E.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.28 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 0.95 | +1.58 |
| Martin ratioReturn relative to average drawdown | 7.75 | 1.72 | +6.03 |
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Drawdowns
IU0E.DE vs. ZPA5.DE - Drawdown Comparison
The maximum IU0E.DE drawdown since its inception was -8.40%, smaller than the maximum ZPA5.DE drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for IU0E.DE and ZPA5.DE.
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Drawdown Indicators
| IU0E.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -8.40% | -23.13% | +14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -0.74% | -20.40% | +19.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.75% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -6.01% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -4.71% | +4.53% |
Average DrawdownAverage peak-to-trough decline | -1.60% | -6.36% | +4.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 11.30% | -11.06% |
Volatility
IU0E.DE vs. ZPA5.DE - Volatility Comparison
The current volatility for iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.DE) is 0.56%, while Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a volatility of 2.87%. This indicates that IU0E.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
| IU0E.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.56% | 2.87% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 1.42% | 8.36% | -6.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.01% | 24.46% | -22.45% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 2.23% | 19.71% | -17.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.09% | 19.71% | -16.62% |
IU0E.DE vs. ZPA5.DE - Expense Ratio Comparison
IU0E.DE has a 0.17% 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
IU0E.DE vs. ZPA5.DE - Dividend Comparison
Neither IU0E.DE nor ZPA5.DE has paid dividends to shareholders.
Frequently Asked Questions
IU0E.DE and ZPA5.DE have a correlation of 0.02, 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 0.17% for IU0E.DE.
IU0E.DE is categorized as Short-Term Bond, while ZPA5.DE is ESG. IU0E.DE tracks Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged), 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: 0.17% for IU0E.DE and 0.07% for ZPA5.DE.
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