ZPA5.DE vs. IQSA.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and IQSA.DE (Invesco Global Active ESG Equity UCITS ETF USD Acc) are both exchange-traded funds - ZPA5.DE is a ESG fund tracking the S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while IQSA.DE is a Global Equities fund actively managed by Invesco. ZPA5.DE is passively managed, while IQSA.DE is actively managed. Over the past year, ZPA5.DE returned 21.36% vs 34.22% for IQSA.DE. Their correlation of 0.86 suggests significant overlap in exposure. ZPA5.DE charges 0.07%/yr vs 0.30%/yr for IQSA.DE.
Performance
ZPA5.DE vs. IQSA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 8.84% return, which is significantly lower than IQSA.DE's 17.73% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.23%
- YTD
- 8.84%
- 6M
- 9.20%
- 1Y
- 21.36%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IQSA.DE
- 1D
- 0.13%
- 1M
- 4.18%
- YTD
- 17.73%
- 6M
- 18.41%
- 1Y
- 34.22%
- 3Y*
- 22.76%
- 5Y*
- 15.57%
- 10Y*
- —
ZPA5.DE vs. IQSA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc | 8.84% | 2.76% | 34.10% | 4.52% |
IQSA.DE Invesco Global Active ESG Equity UCITS ETF USD Acc | 17.73% | 9.64% | 29.92% | 5.56% |
Correlation
The correlation between ZPA5.DE and IQSA.DE is 0.82, 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 | 0.82 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.86 |
The correlation between ZPA5.DE and IQSA.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. IQSA.DE — Risk / Return Rank
ZPA5.DE
IQSA.DE
ZPA5.DE vs. IQSA.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 Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.88 | ||
| Sortino ratioReturn per unit of downside risk | -2.48 | ||
| Omega ratioGain probability vs. loss probability | 1.30 | 1.50 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.05 | 5.50 | -4.45 |
| Martin ratioReturn relative to average drawdown | 1.90 | 22.71 | -20.81 |
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Drawdowns
ZPA5.DE vs. IQSA.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum IQSA.DE drawdown of -34.12%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and IQSA.DE.
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Drawdown Indicators
| ZPA5.DE | IQSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -34.12% | +10.99% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -6.20% | -14.20% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.35% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.35% | — |
Current DrawdownCurrent decline from peak | -5.88% | -0.23% | -5.65% |
Average DrawdownAverage peak-to-trough decline | -6.38% | -4.78% | -1.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.22% | 1.50% | +9.72% |
Volatility
ZPA5.DE vs. IQSA.DE - Volatility Comparison
Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) has a higher volatility of 3.33% compared to Invesco Global Active ESG Equity UCITS ETF USD Acc (IQSA.DE) at 3.12%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than IQSA.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 | IQSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 3.12% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 8.35% | 9.06% | -0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.49% | 12.40% | +12.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.89% | 14.76% | +5.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.89% | 17.23% | +2.66% |
ZPA5.DE vs. IQSA.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than IQSA.DE's 0.30% expense ratio.
Dividends
ZPA5.DE vs. IQSA.DE - Dividend Comparison
Neither ZPA5.DE nor IQSA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and IQSA.DE have a correlation of 0.82, 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 0.30% for IQSA.DE.
ZPA5.DE is categorized as ESG, while IQSA.DE is Global Equities. They also come from different issuers: Amundi and Invesco. Their fees differ too: 0.07% for ZPA5.DE and 0.30% for IQSA.DE.
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