ZPA5.DE vs. EFRW.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and EFRW.DE (iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while EFRW.DE tracks the S&P 500 Equal Weight Index. Both are passively managed. Over the past year, ZPA5.DE returned 20.41% vs 17.03% for EFRW.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.17%/yr for EFRW.DE.
Performance
ZPA5.DE vs. EFRW.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPA5.DE having a 8.46% return and EFRW.DE slightly lower at 8.09%.
ZPA5.DE
- 1D
- 0.07%
- 1M
- 5.23%
- YTD
- 8.46%
- 6M
- 7.93%
- 1Y
- 20.41%
- 3Y*
- 17.74%
- 5Y*
- 13.96%
- 10Y*
- —
EFRW.DE
- 1D
- 0.36%
- 1M
- 2.58%
- YTD
- 8.09%
- 6M
- 8.98%
- 1Y
- 17.03%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPA5.DE vs. EFRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc | 8.46% | 11.10% |
EFRW.DE iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc | 8.09% | 9.95% |
Correlation
The correlation between ZPA5.DE and EFRW.DE is 0.56, 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 | 0.56 |
Correlation (All Time) Calculated using the full available price history since May 13, 2025 | 0.57 |
The correlation between ZPA5.DE and EFRW.DE has been stable across timeframes, ranging from 0.56 to 0.57 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. EFRW.DE — Risk / Return Rank
ZPA5.DE
EFRW.DE
ZPA5.DE vs. EFRW.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 iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.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 | EFRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.22 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.27 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.37 | -0.16 |
| Martin ratioReturn relative to average drawdown | 7.40 | 8.32 | -0.92 |
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 | EFRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.55 | +0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 1.55 | -0.55 |
Drawdowns
ZPA5.DE vs. EFRW.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, which is greater than EFRW.DE's maximum drawdown of -7.12%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and EFRW.DE.
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Drawdown Indicators
| ZPA5.DE | EFRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -7.12% | -16.01% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -7.12% | -2.13% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -1.35% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.03% | +0.74% |
Volatility
ZPA5.DE vs. EFRW.DE - Volatility Comparison
Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) and iShares S&P 500 Equal Weight UCITS ETF EUR Hedged Acc (EFRW.DE) have volatilities of 2.70% and 2.64%, 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 | EFRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.64% | +0.06% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 7.67% | +0.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 10.91% | +0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 11.32% | +4.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 11.32% | +4.61% |
ZPA5.DE vs. EFRW.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than EFRW.DE's 0.17% 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. EFRW.DE - Dividend Comparison
Neither ZPA5.DE nor EFRW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and EFRW.DE have a correlation of 0.56, 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 0.17% for EFRW.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while EFRW.DE tracks S&P 500 Equal Weight Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.17% for EFRW.DE.
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