UET5.DE vs. ZPA5.DE
UET5.DE (UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist) and ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) are both exchange-traded funds - UET5.DE is a Europe Equities fund tracking the EURO STOXX® 50 ESG, 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, UET5.DE returned 22.64% vs 18.63% for ZPA5.DE. A 0.54 correlation means they provide meaningful diversification when combined. UET5.DE charges 0.10%/yr vs 0.07%/yr for ZPA5.DE.
Performance
UET5.DE vs. ZPA5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, UET5.DE achieves a 10.71% return, which is significantly higher than ZPA5.DE's 9.01% return.
UET5.DE
- 1D
- 0.13%
- 1M
- -1.28%
- 6M
- 8.70%
- YTD
- 10.71%
- 1Y
- 22.64%
- 3Y*
- 18.95%
- 5Y*
- 14.43%
- 10Y*
- —
- ALL TIME*
- 13.76%
ZPA5.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 9.80%
- YTD
- 9.01%
- 1Y
- 18.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.60%
UET5.DE vs. ZPA5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 10.71% | 25.93% | 12.78% | 3.96% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 9.01% | 2.76% | 34.10% | 4.52% |
Correlation
The correlation between UET5.DE and ZPA5.DE is 0.57, 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 | 0.57 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.54 |
The correlation between UET5.DE and ZPA5.DE has been stable across timeframes, ranging from 0.54 to 0.57 - a consistent structural relationship.
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Return for Risk
UET5.DE vs. ZPA5.DE — Risk / Return Rank
UET5.DE
ZPA5.DE
UET5.DE vs. ZPA5.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.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.
| UET5.DE | ZPA5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.57 | ||
| Sortino ratioReturn per unit of downside risk | +0.70 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.27 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.91 | 0.91 | +0.99 |
| Martin ratioReturn relative to average drawdown | 6.81 | 1.65 | +5.16 |
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Drawdowns
UET5.DE vs. ZPA5.DE - Drawdown Comparison
The maximum UET5.DE drawdown since its inception was -37.03%, 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 UET5.DE and ZPA5.DE.
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Drawdown Indicators
| UET5.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.03% | -23.13% | -13.90% |
Max Drawdown (1Y)Largest decline over 1 year | -11.83% | -20.40% | +8.57% |
Max Drawdown (3Y)Largest decline over 3 years | -15.59% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.09% | — | — |
Current DrawdownCurrent decline from peak | -2.81% | -5.73% | +2.92% |
Average DrawdownAverage peak-to-trough decline | -4.94% | -6.36% | +1.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.32% | 11.31% | -7.99% |
Volatility
UET5.DE vs. ZPA5.DE - Volatility Comparison
UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist (UET5.DE) has a higher volatility of 4.15% compared to Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) at 3.08%. This indicates that UET5.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
| UET5.DE | ZPA5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.15% | 3.08% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 14.20% | 8.26% | +5.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.94% | 24.44% | -7.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.28% | 19.71% | -2.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.62% | 19.71% | -0.09% |
UET5.DE vs. ZPA5.DE - Expense Ratio Comparison
UET5.DE has a 0.10% 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
UET5.DE vs. ZPA5.DE - Dividend Comparison
UET5.DE's dividend yield for the trailing twelve months is around 2.87%, while ZPA5.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
UET5.DE UBS ETF (LU) Euro Stoxx 50 ESG UCITS ETF (EUR) Dist | 2.87% | 2.15% | 3.28% | 2.96% | 3.06% | 1.90% | 1.93% |
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
UET5.DE and ZPA5.DE have a correlation of 0.57, 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 0.10% for UET5.DE.
UET5.DE is categorized as Europe Equities, while ZPA5.DE is ESG. UET5.DE tracks EURO STOXX® 50 ESG, while ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index. They also come from different issuers: UBS and Amundi. Their fees differ too: 0.10% for UET5.DE and 0.07% for ZPA5.DE.
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