ZPA5.DE vs. XDNE.DE
ZPA5.DE (Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc) and XDNE.DE (Xtrackers MSCI Japan Screened 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 XDNE.DE is a Japan Equities fund tracking the MSCI Japan Select Screened Index (EUR Hedged). Both are passively managed. Over the past year, ZPA5.DE returned 19.31% vs 48.22% for XDNE.DE. At a 0.50 correlation, their price movements are largely independent. ZPA5.DE charges 0.07%/yr vs 0.25%/yr for XDNE.DE.
Performance
ZPA5.DE vs. XDNE.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 XDNE.DE's 20.22% return.
ZPA5.DE
- 1D
- 0.00%
- 1M
- 1.14%
- 6M
- 9.82%
- YTD
- 9.68%
- 1Y
- 19.31%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
XDNE.DE
- 1D
- -0.96%
- 1M
- 0.75%
- 6M
- 12.71%
- YTD
- 20.22%
- 1Y
- 48.22%
- 3Y*
- 25.74%
- 5Y*
- 19.09%
- 10Y*
- 13.77%
ZPA5.DE vs. XDNE.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% |
XDNE.DE Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) | 20.22% | 25.99% | 21.86% | -0.91% |
Correlation
The correlation between ZPA5.DE and XDNE.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 27, 2023 | 0.50 |
The correlation between ZPA5.DE and XDNE.DE has been stable across timeframes, ranging from 0.50 to 0.52 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. XDNE.DE — Risk / Return Rank
ZPA5.DE
XDNE.DE
ZPA5.DE vs. XDNE.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 Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.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 | XDNE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.80 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.41 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 0.95 | 4.82 | -3.87 |
| Martin ratioReturn relative to average drawdown | 1.71 | 16.26 | -14.55 |
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Drawdowns
ZPA5.DE vs. XDNE.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, smaller than the maximum XDNE.DE drawdown of -35.20%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and XDNE.DE.
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Drawdown Indicators
| ZPA5.DE | XDNE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -35.20% | +12.07% |
Max Drawdown (1Y)Largest decline over 1 year | -20.40% | -9.96% | -10.44% |
Max Drawdown (3Y)Largest decline over 3 years | — | -21.73% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -21.73% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.20% | — |
Current DrawdownCurrent decline from peak | -5.15% | -3.20% | -1.95% |
Average DrawdownAverage peak-to-trough decline | -6.36% | -8.27% | +1.91% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 11.30% | 2.96% | +8.34% |
Volatility
ZPA5.DE vs. XDNE.DE - Volatility Comparison
The current volatility for Amundi S&P 500 Climate Paris Aligned UCITS ETF Acc (ZPA5.DE) is 2.90%, while Xtrackers MSCI Japan Screened UCITS ETF EUR Hedged (Acc) (XDNE.DE) has a volatility of 6.99%. This indicates that ZPA5.DE experiences smaller price fluctuations and is considered to be less risky than XDNE.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 | XDNE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 6.99% | -4.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.45% | 16.52% | -8.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.55% | 20.91% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.74% | 18.70% | +1.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.74% | 18.48% | +1.26% |
ZPA5.DE vs. XDNE.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than XDNE.DE's 0.25% 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. XDNE.DE - Dividend Comparison
Neither ZPA5.DE nor XDNE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and XDNE.DE have a correlation of 0.52, 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 0.25% for XDNE.DE.
ZPA5.DE is categorized as ESG, while XDNE.DE is Japan Equities. ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+ Index, while XDNE.DE tracks MSCI Japan Select Screened Index (EUR Hedged). They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.07% for ZPA5.DE and 0.25% for XDNE.DE.
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