ZPA5.DE vs. AUM5.DE

Last updated Jun 5, 2026

ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and AUM5.DE (Amundi S&P 500 UCITS ETF EUR) are both S&P 500 funds from Amundi - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while AUM5.DE tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, ZPA5.DE returned 13.96%/yr vs 14.88%/yr for AUM5.DE. With a 0.96 correlation, they move nearly in lockstep. ZPA5.DE charges 0.07%/yr vs 0.15%/yr for AUM5.DE.

Performance

ZPA5.DE vs. AUM5.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPA5.DE achieves a 8.46% return, which is significantly lower than AUM5.DE's 11.38% 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*: —

AUM5.DE

• 1D: -0.16%
• 1M: 4.40%
• YTD: 11.38%
• 6M: 10.89%
• 1Y: 25.63%
• 3Y*: 18.95%
• 5Y*: 14.88%
• 10Y*: 15.11%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPA5.DE vs. AUM5.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%
AUM5.DE Amundi S&P 500 UCITS ETF EUR	11.38%	4.80%	32.39%	22.64%	-14.14%	40.96%	8.90%

Correlation

The correlation between ZPA5.DE and AUM5.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.96
Correlation (3Y) Calculated over the trailing 3-year period	0.96
Correlation (5Y) Calculated over the trailing 5-year period	0.96
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020	0.96

The correlation between ZPA5.DE and AUM5.DE has been stable across timeframes, ranging from 0.96 to 0.96 - a consistent structural relationship.

Return for Risk

ZPA5.DE vs. AUM5.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPA5.DE

ZPA5.DE Risk / Return Rank: 50
ZPA5.DE Sharpe Ratio Rank: 53
ZPA5.DE Sortino Ratio Rank: 51
ZPA5.DE Omega Ratio Rank: 54
ZPA5.DE Calmar Ratio Rank: 46
ZPA5.DE Martin Ratio Rank: 46

AUM5.DE

AUM5.DE Risk / Return Rank: 69
AUM5.DE Sharpe Ratio Rank: 67
AUM5.DE Sortino Ratio Rank: 66
AUM5.DE Omega Ratio Rank: 70
AUM5.DE Calmar Ratio Rank: 72
AUM5.DE Martin Ratio Rank: 69

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPA5.DE vs. AUM5.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 Amundi S&P 500 UCITS ETF EUR (AUM5.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	AUM5.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.77	2.20	-0.43
Sortino ratio: Return per unit of downside risk	2.44	3.01	-0.57
Omega ratio: Gain probability vs. loss probability	1.33	1.41	-0.08
Calmar ratio: Return relative to maximum drawdown	2.21	3.57	-1.36
Martin ratio: Return relative to average drawdown	7.40	12.74	-5.34
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPA5.DE vs. AUM5.DE - Sharpe Ratio Comparison

The current ZPA5.DE Sharpe Ratio is 1.77, which is comparable to the AUM5.DE Sharpe Ratio of 2.20. The chart below compares the historical Sharpe Ratios of ZPA5.DE and AUM5.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPA5.DE	AUM5.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.77	2.20	-0.43
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.87	0.97	-0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.93	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.00	0.96	+0.04

Drawdowns

ZPA5.DE vs. AUM5.DE - Drawdown Comparison

The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum AUM5.DE drawdown of -33.66%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and AUM5.DE.

Drawdown Indicators

	ZPA5.DE	AUM5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.13%	-33.66%	+10.53%
Max Drawdown (1Y) Largest decline over 1 year	-9.25%	-7.15%	-2.10%
Max Drawdown (3Y) Largest decline over 3 years	-23.13%	-23.30%	+0.17%
Max Drawdown (5Y) Largest decline over 5 years	-23.13%	-23.30%	+0.17%
Max Drawdown (10Y) Largest decline over 10 years	—	-33.66%	—
Current Drawdown Current decline from peak	-0.31%	-0.46%	+0.15%
Average Drawdown Average peak-to-trough decline	-5.02%	-4.00%	-1.02%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.77%	2.01%	+0.76%

Volatility

ZPA5.DE vs. AUM5.DE - Volatility Comparison

Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) and Amundi S&P 500 UCITS ETF EUR (AUM5.DE) have volatilities of 2.70% and 2.63%, 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.

Volatility by Period

	ZPA5.DE	AUM5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.70%	2.63%	+0.07%
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%	11.64%	-0.06%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.92%	15.19%	+0.73%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.93%	16.07%	-0.14%

ZPA5.DE vs. AUM5.DE - Expense Ratio Comparison

ZPA5.DE has a 0.07% expense ratio, which is lower than AUM5.DE's 0.15% 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. AUM5.DE - Dividend Comparison

Neither ZPA5.DE nor AUM5.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZPA5.DE and AUM5.DE in my portfolio?

With a correlation of 0.96, ZPA5.DE and AUM5.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.

Which ETF is better, ZPA5.DE or AUM5.DE?

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.

Which ETF is cheaper, ZPA5.DE or AUM5.DE?

ZPA5.DE is cheaper with a 0.07% expense ratio, compared with 0.15% for AUM5.DE.

What is the main difference between ZPA5.DE and AUM5.DE?

ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while AUM5.DE tracks S&P 500 Index. Their fees differ too: 0.07% for ZPA5.DE and 0.15% for AUM5.DE.