ZPA5.DE vs. ESAP.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and ESAP.DE (BNP Paribas Easy S&P 500 UCITS ETF USD) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while ESAP.DE tracks the S&P 500 Index. Both are passively managed. Over the past 5 years, ZPA5.DE returned 13.96%/yr vs 14.69%/yr for ESAP.DE. Their correlation of 0.92 suggests significant overlap in exposure. ZPA5.DE charges 0.07%/yr vs 0.15%/yr for ESAP.DE.
Performance
ZPA5.DE vs. ESAP.DE - Performance Comparison
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Different Trading Currencies
ZPA5.DE is traded in EUR, while ESAP.DE is traded in USD. To make them comparable, the ESAP.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPA5.DE achieves a 8.46% return, which is significantly lower than ESAP.DE's 11.29% 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*
- —
ESAP.DE
- 1D
- -0.12%
- 1M
- 4.44%
- YTD
- 11.29%
- 6M
- 10.88%
- 1Y
- 25.40%
- 3Y*
- 18.75%
- 5Y*
- 14.69%
- 10Y*
- —
ZPA5.DE vs. ESAP.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% |
ESAP.DE BNP Paribas Easy S&P 500 UCITS ETF USD | 11.29% | 4.09% | 32.39% | 23.18% | -14.49% | 41.14% | 8.68% |
Correlation
The correlation between ZPA5.DE and ESAP.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 (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.92 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.92 |
The correlation between ZPA5.DE and ESAP.DE has been stable across timeframes, ranging from 0.90 to 0.92 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. ESAP.DE — Risk / Return Rank
ZPA5.DE
ESAP.DE
ZPA5.DE vs. ESAP.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 BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.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 | ESAP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.37 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.56 | -1.35 |
| Martin ratioReturn relative to average drawdown | 7.40 | 12.15 | -4.75 |
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 | ESAP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.03 | -0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.91 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.84 | +0.16 |
Drawdowns
ZPA5.DE vs. ESAP.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum ESAP.DE drawdown of -33.74%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and ESAP.DE.
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Drawdown Indicators
| ZPA5.DE | ESAP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -33.74% | +10.61% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -7.14% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | -22.82% | -0.31% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -22.82% | -0.31% |
Current DrawdownCurrent decline from peak | -0.31% | -0.40% | +0.09% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.99% | -0.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.09% | +0.68% |
Volatility
ZPA5.DE vs. ESAP.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) is 2.70%, while BNP Paribas Easy S&P 500 UCITS ETF USD (ESAP.DE) has a volatility of 3.01%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than ESAP.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 | ESAP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.01% | -0.31% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 8.64% | -0.76% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 12.50% | -0.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 15.93% | -0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 17.80% | -1.87% |
ZPA5.DE vs. ESAP.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than ESAP.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. ESAP.DE - Dividend Comparison
Neither ZPA5.DE nor ESAP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.90, ZPA5.DE and ESAP.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 0.15% for ESAP.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while ESAP.DE tracks S&P 500 Index. They also come from different issuers: Amundi and BNP Paribas. Their fees differ too: 0.07% for ZPA5.DE and 0.15% for ESAP.DE.
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