ZPA5.DE vs. CSY2.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and CSY2.DE (CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD) are both exchange-traded funds - ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while CSY2.DE is a Large Cap Blend Equities fund tracking the MSCI USA ESG Leaders. Both are passively managed. Over the past year, ZPA5.DE returned 18.63% vs 22.74% for CSY2.DE. Their correlation of 0.93 suggests significant overlap in exposure. ZPA5.DE charges 0.07%/yr vs 0.10%/yr for CSY2.DE.
Performance
ZPA5.DE vs. CSY2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 9.01% return, which is significantly lower than CSY2.DE's 11.44% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 0.37%
- 6M
- 9.80%
- YTD
- 9.01%
- 1Y
- 18.63%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.60%
CSY2.DE
- 1D
- 0.58%
- 1M
- 0.44%
- 6M
- 10.76%
- YTD
- 11.44%
- 1Y
- 22.74%
- 3Y*
- 18.51%
- 5Y*
- 13.48%
- 10Y*
- —
- ALL TIME*
- 16.36%
ZPA5.DE vs. CSY2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 9.01% | 2.76% | 34.10% | 4.52% |
CSY2.DE CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD | 11.44% | 6.30% | 30.42% | 4.06% |
Correlation
The correlation between ZPA5.DE and CSY2.DE is 0.91, 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 | 0.91 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.93 |
The correlation between ZPA5.DE and CSY2.DE has been stable across timeframes, ranging from 0.91 to 0.93 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. CSY2.DE — Risk / Return Rank
ZPA5.DE
CSY2.DE
ZPA5.DE vs. CSY2.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 CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.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 | CSY2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.04 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.91 | 2.48 | -1.56 |
| Martin ratioReturn relative to average drawdown | 1.65 | 8.68 | -7.04 |
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Drawdowns
ZPA5.DE vs. CSY2.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum CSY2.DE drawdown of -24.56%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and CSY2.DE.
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Drawdown Indicators
| ZPA5.DE | CSY2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -24.56% | +1.43% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -9.14% | -11.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -24.56% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -24.56% | — |
Current DrawdownCurrent decline from peak | -5.73% | -1.17% | -4.56% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -4.72% | -1.64% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.31% | 2.61% | +8.70% |
Volatility
ZPA5.DE vs. CSY2.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) is 3.08%, while CSIF (IE) MSCI USA ESG Leaders Blue UCITS ETF B USD (CSY2.DE) has a volatility of 3.30%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than CSY2.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 | CSY2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.08% | 3.30% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 8.26% | 8.77% | -0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.44% | 12.58% | +11.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.71% | 16.24% | +3.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.71% | 18.42% | +1.29% |
ZPA5.DE vs. CSY2.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than CSY2.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. CSY2.DE - Dividend Comparison
Neither ZPA5.DE nor CSY2.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, ZPA5.DE and CSY2.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 CSY2.DE.
ZPA5.DE is categorized as ESG, while CSY2.DE is Large Cap Blend Equities. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while CSY2.DE tracks MSCI USA ESG Leaders. They also come from different issuers: Amundi and Credit Suisse. Their fees differ too: 0.07% for ZPA5.DE and 0.10% for CSY2.DE.
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