OM3Y.DE vs. ZPA5.DE
OM3Y.DE (iShares MSCI EM IMI Screened UCITS ETF USD (Dist)) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both exchange-traded funds - OM3Y.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets IMI Screened 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, OM3Y.DE returned 30.50% vs 19.47% for ZPA5.DE. A 0.54 correlation means they provide meaningful diversification when combined. OM3Y.DE charges 0.18%/yr vs 0.07%/yr for ZPA5.DE.
Performance
OM3Y.DE vs. ZPA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, OM3Y.DE achieves a 18.31% return, which is significantly higher than ZPA5.DE's 10.20% return.
OM3Y.DE
- 1D
- -2.11%
- 1M
- -8.59%
- 6M
- 11.27%
- YTD
- 18.31%
- 1Y
- 30.50%
- 3Y*
- 17.70%
- 5Y*
- 6.83%
- 10Y*
- —
ZPA5.DE
- 1D
- 0.00%
- 1M
- 2.18%
- 6M
- 9.16%
- YTD
- 10.20%
- 1Y
- 19.47%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3Y.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 18.31% | 17.76% | 13.99% | 2.46% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 10.20% | 2.76% | 34.10% | 4.52% |
Correlation
The correlation between OM3Y.DE and ZPA5.DE is 0.58, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.54 |
The correlation between OM3Y.DE and ZPA5.DE has been stable across timeframes, ranging from 0.54 to 0.58 - a consistent structural relationship.
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Return for Risk
OM3Y.DE vs. ZPA5.DE — Risk / Return Rank
OM3Y.DE
ZPA5.DE
OM3Y.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.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.
| OM3Y.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.73 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.28 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.95 | +1.75 |
| Martin ratioReturn relative to average drawdown | 8.33 | 1.72 | +6.60 |
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Drawdowns
OM3Y.DE vs. ZPA5.DE - Drawdown Comparison
The maximum OM3Y.DE drawdown since its inception was -31.70%, which is greater than ZPA5.DE's maximum drawdown of -23.13%. Use the drawdown chart below to compare losses from any high point for OM3Y.DE and ZPA5.DE.
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Drawdown Indicators
| OM3Y.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.70% | -23.13% | -8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -11.24% | -20.40% | +9.16% |
Max Drawdown (3Y)Largest decline over 3 years | -19.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.39% | — | — |
Current DrawdownCurrent decline from peak | -11.24% | -4.71% | -6.53% |
Average DrawdownAverage peak-to-trough decline | -8.72% | -6.36% | -2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 11.30% | -7.65% |
Volatility
OM3Y.DE vs. ZPA5.DE - Volatility Comparison
iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) has a higher volatility of 8.46% compared to Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) at 2.87%. This indicates that OM3Y.DE's price experiences larger fluctuations and is considered to be riskier 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
| OM3Y.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.46% | 2.87% | +5.59% |
Volatility (6M)Calculated over the trailing 6-month period | 17.84% | 8.36% | +9.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 24.46% | -4.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.13% | 19.71% | -2.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.56% | 19.71% | -0.15% |
OM3Y.DE vs. ZPA5.DE - Expense Ratio Comparison
OM3Y.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
OM3Y.DE vs. ZPA5.DE - Dividend Comparison
OM3Y.DE's dividend yield for the trailing twelve months is around 1.73%, while ZPA5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.73% | 1.98% | 2.33% | 2.35% | 2.59% | 1.82% | 1.58% | 2.23% |
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% | 0.00% |
Frequently Asked Questions
OM3Y.DE and ZPA5.DE have a correlation of 0.58, 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 OM3Y.DE.
OM3Y.DE is categorized as Emerging Markets Equities, while ZPA5.DE is ESG. OM3Y.DE tracks MSCI Emerging Markets IMI Screened 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: 0.18% for OM3Y.DE and 0.07% for ZPA5.DE.
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