ZPA5.DE vs. IBCF.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and IBCF.DE (iShares S&P 500 EUR Hedged UCITS ETF (Acc)) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while IBCF.DE tracks the S&P 500 EUR Hedged Index. Both are passively managed. Over the past 5 years, ZPA5.DE returned 13.96%/yr vs 11.10%/yr for IBCF.DE. Their correlation of 0.84 suggests significant overlap in exposure. ZPA5.DE charges 0.07%/yr vs 0.20%/yr for IBCF.DE.
Performance
ZPA5.DE vs. IBCF.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZPA5.DE having a 8.46% return and IBCF.DE slightly higher at 8.84%.
ZPA5.DE
- 1D
- 0.07%
- 1M
- 5.23%
- YTD
- 8.46%
- 6M
- 7.93%
- 1Y
- 20.41%
- 3Y*
- 17.74%
- 5Y*
- 13.96%
- 10Y*
- —
IBCF.DE
- 1D
- -0.02%
- 1M
- 3.14%
- YTD
- 8.84%
- 6M
- 9.31%
- 1Y
- 24.23%
- 3Y*
- 19.50%
- 5Y*
- 11.10%
- 10Y*
- 12.48%
ZPA5.DE vs. IBCF.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% |
IBCF.DE iShares S&P 500 EUR Hedged UCITS ETF (Acc) | 8.84% | 15.42% | 22.97% | 23.21% | -21.83% | 28.51% | 14.14% |
Correlation
The correlation between ZPA5.DE and IBCF.DE is 0.80, 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 | 0.80 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.84 |
The correlation between ZPA5.DE and IBCF.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. IBCF.DE — Risk / Return Rank
ZPA5.DE
IBCF.DE
ZPA5.DE vs. IBCF.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 EUR Hedged UCITS ETF (Acc) (IBCF.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 | IBCF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.32 | ||
| Sortino ratioReturn per unit of downside risk | -0.61 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.37 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 2.81 | -0.60 |
| Martin ratioReturn relative to average drawdown | 7.40 | 12.07 | -4.68 |
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 | IBCF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 2.08 | -0.32 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.69 | +0.18 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.76 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.72 | +0.28 |
Drawdowns
ZPA5.DE vs. IBCF.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum IBCF.DE drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and IBCF.DE.
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Drawdown Indicators
| ZPA5.DE | IBCF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -35.06% | +11.93% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -8.72% | -0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | -18.34% | -4.79% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -26.23% | +3.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.06% | — |
Current DrawdownCurrent decline from peak | -0.31% | -0.55% | +0.24% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.41% | -0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 2.04% | +0.73% |
Volatility
ZPA5.DE vs. IBCF.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 iShares S&P 500 EUR Hedged UCITS ETF (Acc) (IBCF.DE) has a volatility of 3.08%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than IBCF.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 | IBCF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.08% | -0.38% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 8.63% | -0.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 11.79% | -0.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 16.02% | -0.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 16.34% | -0.41% |
ZPA5.DE vs. IBCF.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than IBCF.DE's 0.20% 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. IBCF.DE - Dividend Comparison
Neither ZPA5.DE nor IBCF.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and IBCF.DE have a correlation of 0.80, 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 0.20% for IBCF.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while IBCF.DE tracks S&P 500 EUR Hedged Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.20% for IBCF.DE.
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