MWOP.DE vs. ZPA5.DE
MWOP.DE (Amundi MSCI World ESG Leaders UCITS ETF Acc) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both ESG funds from Amundi - MWOP.DE tracks the MSCI World ESG Leaders Select 5% Issuer Capped Index while ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. Both are passively managed. Over the past year, MWOP.DE returned 28.71% vs 21.36% for ZPA5.DE. Their correlation of 0.90 suggests significant overlap in exposure. MWOP.DE charges 0.18%/yr vs 0.07%/yr for ZPA5.DE.
Performance
MWOP.DE vs. ZPA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, MWOP.DE achieves a 12.91% return, which is significantly higher than ZPA5.DE's 8.84% return.
MWOP.DE
- 1D
- 0.00%
- 1M
- 2.86%
- YTD
- 12.91%
- 6M
- 13.29%
- 1Y
- 28.71%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 8.84%
- 6M
- 9.20%
- 1Y
- 21.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
MWOP.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
MWOP.DE Amundi MSCI World ESG Leaders UCITS ETF Acc | 12.91% | 7.50% | 23.56% | 4.57% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 8.84% | 2.76% | 34.10% | 4.52% |
Correlation
The correlation between MWOP.DE and ZPA5.DE is 0.88, 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 | 0.88 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.90 |
The correlation between MWOP.DE and ZPA5.DE has been stable across timeframes, ranging from 0.88 to 0.90 - a consistent structural relationship.
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Return for Risk
MWOP.DE vs. ZPA5.DE — Risk / Return Rank
MWOP.DE
ZPA5.DE
MWOP.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.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.
| MWOP.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.75 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 3.10 | 1.05 | +2.05 |
| Martin ratioReturn relative to average drawdown | 12.06 | 1.90 | +10.15 |
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Drawdowns
MWOP.DE vs. ZPA5.DE - Drawdown Comparison
The maximum MWOP.DE drawdown since its inception was -21.85%, smaller than the maximum ZPA5.DE drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for MWOP.DE and ZPA5.DE.
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Drawdown Indicators
| MWOP.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -21.85% | -23.13% | +1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.30% | -20.40% | +11.10% |
Current DrawdownCurrent decline from peak | -0.39% | -5.88% | +5.49% |
Average DrawdownAverage peak-to-trough decline | -2.94% | -6.38% | +3.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.39% | 11.22% | -8.83% |
Volatility
MWOP.DE vs. ZPA5.DE - Volatility Comparison
Amundi MSCI World ESG Leaders UCITS ETF Acc (MWOP.DE) and Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) have volatilities of 3.41% and 3.33%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| MWOP.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 3.33% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 9.44% | 8.35% | +1.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.70% | 24.49% | -11.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.94% | 19.89% | -5.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.94% | 19.89% | -5.95% |
MWOP.DE vs. ZPA5.DE - Expense Ratio Comparison
MWOP.DE has a 0.18% 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
MWOP.DE vs. ZPA5.DE - Dividend Comparison
Neither MWOP.DE nor ZPA5.DE has paid dividends to shareholders.
Frequently Asked Questions
MWOP.DE and ZPA5.DE have a correlation of 0.88, 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 0.18% for MWOP.DE.
MWOP.DE tracks MSCI World ESG Leaders Select 5% Issuer Capped Index, while ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. Their fees differ too: 0.18% for MWOP.DE and 0.07% for ZPA5.DE.
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