ZPA5.DE vs. 4UBQ.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and 4UBQ.DE (UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while 4UBQ.DE tracks the S&P 500 ESG. Both are passively managed. Over the past 5 years, ZPA5.DE returned 13.96%/yr vs 15.51%/yr for 4UBQ.DE. With a 0.96 correlation, they move nearly in lockstep. ZPA5.DE charges 0.07%/yr vs 0.10%/yr for 4UBQ.DE.
Performance
ZPA5.DE vs. 4UBQ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 8.46% return, which is significantly lower than 4UBQ.DE's 11.15% return.
ZPA5.DE
- 1D
- 0.07%
- 1M
- 5.23%
- YTD
- 8.46%
- 6M
- 7.93%
- 1Y
- 20.41%
- 3Y*
- 17.74%
- 5Y*
- 13.96%
- 10Y*
- —
4UBQ.DE
- 1D
- 0.58%
- 1M
- 4.20%
- YTD
- 11.15%
- 6M
- 11.13%
- 1Y
- 28.46%
- 3Y*
- 18.50%
- 5Y*
- 15.51%
- 10Y*
- —
ZPA5.DE vs. 4UBQ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc | 8.46% | 2.76% | 34.10% | 25.83% | -18.14% | 43.33% | 9.00% |
4UBQ.DE UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc | 11.15% | 5.39% | 31.02% | 24.03% | -13.92% | 43.62% | 8.24% |
Correlation
The correlation between ZPA5.DE and 4UBQ.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.96 |
The correlation between ZPA5.DE and 4UBQ.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. 4UBQ.DE — Risk / Return Rank
ZPA5.DE
4UBQ.DE
ZPA5.DE vs. 4UBQ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.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.
| ZPA5.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.93 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.46 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.10 | -1.90 |
| Martin ratioReturn relative to average drawdown | 7.40 | 15.73 | -8.33 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPA5.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.47 | -0.70 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 1.00 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.11 | -0.11 |
Drawdowns
ZPA5.DE vs. 4UBQ.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, roughly equal to the maximum 4UBQ.DE drawdown of -23.35%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and 4UBQ.DE.
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Drawdown Indicators
| ZPA5.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -23.35% | +0.22% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -6.93% | -2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | -23.35% | +0.22% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -23.35% | +0.22% |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.02% | -1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.81% | +0.96% |
Volatility
ZPA5.DE vs. 4UBQ.DE - Volatility Comparison
Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) and UBS ETF (IE) S&P 500 ESG UCITS ETF USD Acc (4UBQ.DE) have volatilities of 2.70% and 2.81%, 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
| ZPA5.DE | 4UBQ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.81% | -0.11% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 7.61% | +0.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 11.53% | +0.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 15.27% | +0.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 15.39% | +0.54% |
ZPA5.DE vs. 4UBQ.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than 4UBQ.DE's 0.10% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPA5.DE vs. 4UBQ.DE - Dividend Comparison
Neither ZPA5.DE nor 4UBQ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ZPA5.DE and 4UBQ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 4UBQ.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while 4UBQ.DE tracks S&P 500 ESG. They also come from different issuers: Amundi and UBS. Their fees differ too: 0.07% for ZPA5.DE and 0.10% for 4UBQ.DE.
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