ZPA5.DE vs. IU0E.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and IU0E.DE (iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (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 IU0E.DE is a Short-Term Bond fund tracking the Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged). Both are passively managed. Over the past year, ZPA5.DE returned 19.31% vs 2.07% for IU0E.DE. At a 0.02 correlation, their price movements are largely independent. ZPA5.DE charges 0.07%/yr vs 0.17%/yr for IU0E.DE.
Performance
ZPA5.DE vs. IU0E.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 IU0E.DE's 0.56% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 9.82%
- YTD
- 9.68%
- 1Y
- 19.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
IU0E.DE
- 1D
- 0.00%
- 1M
- -0.00%
- 6M
- 0.56%
- YTD
- 0.56%
- 1Y
- 2.07%
- 3Y*
- 3.27%
- 5Y*
- 1.06%
- 10Y*
- —
ZPA5.DE vs. IU0E.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% |
IU0E.DE iShares $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) | 0.56% | 3.05% | 3.56% | 1.40% |
Correlation
The correlation between ZPA5.DE and IU0E.DE is 0.01, 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 | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.02 |
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Return for Risk
ZPA5.DE vs. IU0E.DE — Risk / Return Rank
ZPA5.DE
IU0E.DE
ZPA5.DE vs. IU0E.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 $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.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 | IU0E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.23 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 2.80 | -1.85 |
| Martin ratioReturn relative to average drawdown | 1.71 | 8.55 | -6.84 |
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Drawdowns
ZPA5.DE vs. IU0E.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, which is greater than IU0E.DE's maximum drawdown of -8.40%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and IU0E.DE.
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Drawdown Indicators
| ZPA5.DE | IU0E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -8.40% | -14.73% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -0.74% | -19.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -0.75% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -6.01% | — |
Current DrawdownCurrent decline from peak | -5.15% | -0.00% | -5.15% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -1.61% | -4.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 0.24% | +11.06% |
Volatility
ZPA5.DE vs. IU0E.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 $ Corp Bond 0-3yr ESG SRI UCITS ETF EUR Hedged (Acc) (IU0E.DE) at 0.53%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than IU0E.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 | IU0E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.53% | +2.37% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 1.40% | +7.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 2.00% | +22.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 2.23% | +17.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 3.09% | +16.65% |
ZPA5.DE vs. IU0E.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than IU0E.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. IU0E.DE - Dividend Comparison
Neither ZPA5.DE nor IU0E.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and IU0E.DE have a correlation of 0.01, 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 IU0E.DE.
ZPA5.DE is categorized as ESG, while IU0E.DE is Short-Term Bond. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while IU0E.DE tracks Bloomberg MSCI US Corporate 0-3 Sustainable SRI Index (EUR Hedged). They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.17% for IU0E.DE.
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