ZPA5.DE vs. CBUH.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and CBUH.DE (iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc) are both exchange-traded funds - ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while CBUH.DE is a Momentum fund tracking the MSCI World Momentum ESG Reduced Carbon Target Select. Both are passively managed. Over the past year, ZPA5.DE returned 21.36% vs 37.88% for CBUH.DE. A 0.79 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.30%/yr for CBUH.DE.
Performance
ZPA5.DE vs. CBUH.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 CBUH.DE's 26.83% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 8.84%
- 6M
- 9.20%
- 1Y
- 21.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
CBUH.DE
- 1D
- 0.41%
- 1M
- 3.26%
- YTD
- 26.83%
- 6M
- 27.05%
- 1Y
- 37.88%
- 3Y*
- 24.20%
- 5Y*
- —
- 10Y*
- —
ZPA5.DE vs. CBUH.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% |
CBUH.DE iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc | 26.83% | 7.89% | 28.81% | 2.74% |
Correlation
The correlation between ZPA5.DE and CBUH.DE is 0.71, 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 | 0.71 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.79 |
The correlation between ZPA5.DE and CBUH.DE has been stable across timeframes, ranging from 0.71 to 0.79 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. CBUH.DE — Risk / Return Rank
ZPA5.DE
CBUH.DE
ZPA5.DE vs. CBUH.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 iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.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 | CBUH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.41 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 3.97 | -2.92 |
| Martin ratioReturn relative to average drawdown | 1.90 | 16.41 | -14.51 |
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Drawdowns
ZPA5.DE vs. CBUH.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, roughly equal to the maximum CBUH.DE drawdown of -22.65%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and CBUH.DE.
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Drawdown Indicators
| ZPA5.DE | CBUH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -22.65% | -0.48% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -9.51% | -10.89% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.65% | — |
Current DrawdownCurrent decline from peak | -5.88% | -0.68% | -5.20% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -8.50% | +2.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 2.30% | +8.92% |
Volatility
ZPA5.DE vs. CBUH.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) is 3.33%, while iShares MSCI World Momentum Factor ESG UCITS ETF USD Acc (CBUH.DE) has a volatility of 4.81%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than CBUH.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 | CBUH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.81% | -1.48% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 13.71% | -5.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 16.52% | +7.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 17.03% | +2.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 17.03% | +2.86% |
ZPA5.DE vs. CBUH.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than CBUH.DE's 0.30% expense ratio.
Dividends
ZPA5.DE vs. CBUH.DE - Dividend Comparison
Neither ZPA5.DE nor CBUH.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and CBUH.DE have a correlation of 0.71, 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 0.30% for CBUH.DE.
ZPA5.DE is categorized as ESG, while CBUH.DE is Momentum. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while CBUH.DE tracks MSCI World Momentum ESG Reduced Carbon Target Select. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.30% for CBUH.DE.
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