ZPA5.DE vs. ASRY.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and ASRY.DE (BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc) are both ESG funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index while ASRY.DE tracks the MSCI World Select Filtered Min TE Index. Both are passively managed. Over the past year, ZPA5.DE returned 21.36% vs 25.30% for ASRY.DE. Their correlation of 0.91 suggests significant overlap in exposure. ZPA5.DE charges 0.07%/yr vs 0.16%/yr for ASRY.DE.
Performance
ZPA5.DE vs. ASRY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 8.84% return, which is significantly lower than ASRY.DE's 11.55% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 8.84%
- 6M
- 9.20%
- 1Y
- 21.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ASRY.DE
- 1D
- 0.00%
- 1M
- 1.51%
- YTD
- 11.55%
- 6M
- 12.01%
- 1Y
- 25.30%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPA5.DE vs. ASRY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 8.84% | 2.76% | 34.10% | 4.52% |
ASRY.DE BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc | 11.55% | 7.32% | 25.18% | 5.22% |
Correlation
The correlation between ZPA5.DE and ASRY.DE is 0.90, 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 | 0.90 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.91 |
The correlation between ZPA5.DE and ASRY.DE has been stable across timeframes, ranging from 0.90 to 0.91 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. ASRY.DE — Risk / Return Rank
ZPA5.DE
ASRY.DE
ZPA5.DE vs. ASRY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) and BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc (ASRY.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.
| ZPA5.DE | ASRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.32 | ||
| Sortino ratioReturn per unit of downside risk | -1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.77 | -2.72 |
| Martin ratioReturn relative to average drawdown | 1.90 | 15.04 | -13.14 |
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Drawdowns
ZPA5.DE vs. ASRY.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, which is greater than ASRY.DE's maximum drawdown of -21.60%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and ASRY.DE.
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Drawdown Indicators
| ZPA5.DE | ASRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -21.60% | -1.53% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -6.75% | -13.65% |
Current DrawdownCurrent decline from peak | -5.88% | -0.19% | -5.69% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -2.59% | -3.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 1.69% | +9.53% |
Volatility
ZPA5.DE vs. ASRY.DE - Volatility Comparison
Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a higher volatility of 3.33% compared to BNP Paribas Easy MSCI World Min TE UCITS ETF EUR Acc (ASRY.DE) at 2.95%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than ASRY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPA5.DE | ASRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.95% | +0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 8.25% | +0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 11.62% | +12.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 13.54% | +6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 13.54% | +6.35% |
ZPA5.DE vs. ASRY.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than ASRY.DE's 0.16% 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. ASRY.DE - Dividend Comparison
Neither ZPA5.DE nor ASRY.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, ZPA5.DE and ASRY.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 0.16% for ASRY.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while ASRY.DE tracks MSCI World Select Filtered Min TE Index. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.07% for ZPA5.DE and 0.16% for ASRY.DE.
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