ZPA5.DE vs. SPY1.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while SPY1.DE tracks the S&P 500 Low Volatility. Both are passively managed. Over the past 5 years, ZPA5.DE returned 13.96%/yr vs 5.96%/yr for SPY1.DE. A 0.51 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.35%/yr for SPY1.DE.
Performance
ZPA5.DE vs. SPY1.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPA5.DE achieves a 8.46% return, which is significantly higher than SPY1.DE's 2.00% return.
ZPA5.DE
- 1D
- 0.07%
- 1M
- 5.23%
- YTD
- 8.46%
- 6M
- 7.93%
- 1Y
- 20.41%
- 3Y*
- 17.74%
- 5Y*
- 13.96%
- 10Y*
- —
SPY1.DE
- 1D
- -0.18%
- 1M
- -0.80%
- YTD
- 2.00%
- 6M
- 1.78%
- 1Y
- -0.66%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
ZPA5.DE vs. SPY1.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% |
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | 0.83% |
Correlation
The correlation between ZPA5.DE and SPY1.DE is 0.16, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Jul 23, 2020 | 0.51 |
Over the past year, the correlation between ZPA5.DE and SPY1.DE has dropped to 0.16 - well below their long-term average of 0.51, suggesting their price drivers have been diverging.
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Return for Risk
ZPA5.DE vs. SPY1.DE — Risk / Return Rank
ZPA5.DE
SPY1.DE
ZPA5.DE vs. SPY1.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 SPDR S&P 500 Low Volatility UCITS ETF (SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.91 | ||
| Sortino ratioReturn per unit of downside risk | +2.58 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 0.98 | +0.34 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | -0.23 | +2.43 |
| Martin ratioReturn relative to average drawdown | 7.40 | -0.48 | +7.88 |
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 | SPY1.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | -0.15 | +1.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | 0.47 | +0.39 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.69 | +0.31 |
Drawdowns
ZPA5.DE vs. SPY1.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum SPY1.DE drawdown of -35.30%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and SPY1.DE.
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Drawdown Indicators
| ZPA5.DE | SPY1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -35.30% | +12.17% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -6.77% | -2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | -14.59% | -8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | -16.32% | -6.81% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.30% | — |
Current DrawdownCurrent decline from peak | -0.31% | -11.45% | +11.14% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -6.16% | +1.14% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 3.15% | -0.38% |
Volatility
ZPA5.DE vs. SPY1.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 SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) has a volatility of 3.46%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than SPY1.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 | SPY1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 3.46% | -0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 7.38% | +0.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 10.25% | +1.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 12.47% | +3.45% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 14.00% | +1.93% |
ZPA5.DE vs. SPY1.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than SPY1.DE's 0.35% expense ratio.
Dividends
ZPA5.DE vs. SPY1.DE - Dividend Comparison
Neither ZPA5.DE nor SPY1.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and SPY1.DE have a correlation of 0.16, 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 0.35% for SPY1.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while SPY1.DE tracks S&P 500 Low Volatility. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.07% for ZPA5.DE and 0.35% for SPY1.DE.
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