ZPA5.DE vs. OM3Y.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and OM3Y.DE (iShares MSCI EM IMI Screened UCITS ETF USD (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 OM3Y.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets IMI Screened Index. Both are passively managed. Over the past year, ZPA5.DE returned 19.31% vs 36.72% for OM3Y.DE. A 0.54 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.18%/yr for OM3Y.DE.
Performance
ZPA5.DE vs. OM3Y.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 lower than OM3Y.DE's 22.46% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 9.82%
- YTD
- 9.68%
- 1Y
- 19.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
OM3Y.DE
- 1D
- -0.52%
- 1M
- -5.15%
- 6M
- 15.69%
- YTD
- 22.46%
- 1Y
- 36.72%
- 3Y*
- 18.82%
- 5Y*
- 7.56%
- 10Y*
- —
ZPA5.DE vs. OM3Y.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% |
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 22.46% | 17.76% | 13.99% | 2.46% |
Correlation
The correlation between ZPA5.DE and OM3Y.DE is 0.59, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.54 |
The correlation between ZPA5.DE and OM3Y.DE has been stable across timeframes, ranging from 0.54 to 0.59 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. OM3Y.DE — Risk / Return Rank
ZPA5.DE
OM3Y.DE
ZPA5.DE vs. OM3Y.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 MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.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 | OM3Y.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.03 | ||
| Sortino ratioReturn per unit of downside risk | -1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.33 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 3.28 | -2.33 |
| Martin ratioReturn relative to average drawdown | 1.71 | 10.36 | -8.65 |
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Drawdowns
ZPA5.DE vs. OM3Y.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum OM3Y.DE drawdown of -31.70%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and OM3Y.DE.
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Drawdown Indicators
| ZPA5.DE | OM3Y.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -31.70% | +8.57% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -11.16% | -9.24% |
Max Drawdown (3Y)Largest decline over 3 years | — | -19.59% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -23.39% | — |
Current DrawdownCurrent decline from peak | -5.15% | -8.13% | +2.98% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -8.71% | +2.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 3.54% | +7.76% |
Volatility
ZPA5.DE vs. OM3Y.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) is 2.90%, while iShares MSCI EM IMI Screened UCITS ETF USD (Dist) (OM3Y.DE) has a volatility of 8.73%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than OM3Y.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 | OM3Y.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 8.73% | -5.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 17.72% | -9.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 20.15% | +4.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 17.11% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 19.55% | +0.19% |
ZPA5.DE vs. OM3Y.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than OM3Y.DE's 0.18% 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. OM3Y.DE - Dividend Comparison
ZPA5.DE has not paid dividends to shareholders, while OM3Y.DE's dividend yield for the trailing twelve months is around 1.67%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
OM3Y.DE iShares MSCI EM IMI Screened UCITS ETF USD (Dist) | 1.67% | 1.98% | 2.33% | 2.35% | 2.59% | 1.82% | 1.58% | 2.23% |
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% | 0.00% |
Frequently Asked Questions
ZPA5.DE and OM3Y.DE have a correlation of 0.59, 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 0.18% for OM3Y.DE.
ZPA5.DE is categorized as ESG, while OM3Y.DE is Emerging Markets Equities. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while OM3Y.DE tracks MSCI Emerging Markets IMI Screened Index. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.07% for ZPA5.DE and 0.18% for OM3Y.DE.
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