ZPA5.DE vs. EUED.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and EUED.DE (iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist)) are both exchange-traded funds - ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while EUED.DE is a Ultrashort Bond fund tracking the iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index. Both are passively managed. Over the past year, ZPA5.DE returned 19.31% vs 2.39% for EUED.DE. At a correlation of -0.01, they often move in opposite directions. ZPA5.DE charges 0.07%/yr vs 0.09%/yr for EUED.DE.
Performance
ZPA5.DE vs. EUED.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 9.68% return, which is significantly higher than EUED.DE's 1.35% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 9.82%
- YTD
- 9.68%
- 1Y
- 19.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUED.DE
- 1D
- 0.20%
- 1M
- 0.37%
- 6M
- 1.15%
- YTD
- 1.35%
- 1Y
- 2.39%
- 3Y*
- 3.35%
- 5Y*
- 2.15%
- 10Y*
- —
ZPA5.DE vs. EUED.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 9.68% | 2.76% | 34.10% | 4.52% |
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 1.35% | 2.56% | 4.11% | 0.41% |
Correlation
The correlation between ZPA5.DE and EUED.DE is -0.04, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.04 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | -0.01 |
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Return for Risk
ZPA5.DE vs. EUED.DE — Risk / Return Rank
ZPA5.DE
EUED.DE
ZPA5.DE vs. EUED.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 € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.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 | EUED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.74 | ||
| Sortino ratioReturn per unit of downside risk | -1.05 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.47 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 11.93 | -10.99 |
| Martin ratioReturn relative to average drawdown | 1.71 | 26.53 | -24.82 |
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Drawdowns
ZPA5.DE vs. EUED.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, which is greater than EUED.DE's maximum drawdown of -3.54%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and EUED.DE.
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Drawdown Indicators
| ZPA5.DE | EUED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -3.54% | -19.59% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -0.20% | -20.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.39% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -1.20% | — |
Current DrawdownCurrent decline from peak | -5.15% | 0.00% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -0.73% | -5.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 0.09% | +11.21% |
Volatility
ZPA5.DE vs. EUED.DE - Volatility Comparison
Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a higher volatility of 2.90% compared to iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) (EUED.DE) at 0.28%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than EUED.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 | EUED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.28% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 1.03% | +7.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 1.55% | +23.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 1.65% | +18.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 2.51% | +17.23% |
ZPA5.DE vs. EUED.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than EUED.DE's 0.09% 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. EUED.DE - Dividend Comparison
ZPA5.DE has not paid dividends to shareholders, while EUED.DE's dividend yield for the trailing twelve months is around 2.36%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
EUED.DE iShares € Ultrashort Bond ESG SRI UCITS ETF EUR (Dist) | 2.36% | 2.74% | 3.86% | 2.75% | 0.00% | 0.00% | 0.11% |
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPA5.DE and EUED.DE have a correlation of -0.04, 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 0.09% for EUED.DE.
ZPA5.DE is categorized as ESG, while EUED.DE is Ultrashort Bond. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while EUED.DE tracks iBoxx MSCI ESG SRI EUR Liquid Investment Grade Ultrashort Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.09% for EUED.DE.
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