ZPA5.DE vs. XY7D.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and XY7D.DE (Global X S&P 500 Covered Call UCITS ETF Inc) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while XY7D.DE tracks the Cboe S&P 500 BuyWrite 15% WHT. Both are passively managed. Over the past year, ZPA5.DE returned 20.41% vs 12.07% for XY7D.DE. A 0.67 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.45%/yr for XY7D.DE.
Performance
ZPA5.DE vs. XY7D.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 XY7D.DE's 4.40% 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*
- —
XY7D.DE
- 1D
- -1.05%
- 1M
- 1.67%
- YTD
- 4.40%
- 6M
- 4.80%
- 1Y
- 12.07%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPA5.DE vs. XY7D.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc | 8.46% | 2.76% | 34.10% | 9.41% |
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 4.40% | -5.34% | 25.87% | -8.30% |
Correlation
The correlation between ZPA5.DE and XY7D.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 Jul 12, 2023 | 0.67 |
The correlation between ZPA5.DE and XY7D.DE has been stable across timeframes, ranging from 0.59 to 0.67 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. XY7D.DE — Risk / Return Rank
ZPA5.DE
XY7D.DE
ZPA5.DE vs. XY7D.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 Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.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 | XY7D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.40 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.24 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 3.08 | -0.88 |
| Martin ratioReturn relative to average drawdown | 7.40 | 8.63 | -1.23 |
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 | XY7D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.37 | +0.40 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.87 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.00 | 0.34 | +0.66 |
Drawdowns
ZPA5.DE vs. XY7D.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, which is greater than XY7D.DE's maximum drawdown of -20.79%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and XY7D.DE.
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Drawdown Indicators
| ZPA5.DE | XY7D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -20.79% | -2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -3.87% | -5.38% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | -5.18% | +4.87% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -7.15% | +2.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.39% | +1.38% |
Volatility
ZPA5.DE vs. XY7D.DE - Volatility Comparison
Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc (ZPA5.DE) has a higher volatility of 2.70% compared to Global X S&P 500 Covered Call UCITS ETF Inc (XY7D.DE) at 1.97%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than XY7D.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 | XY7D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 1.97% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 6.20% | +1.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 8.71% | +2.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 13.51% | +2.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 13.51% | +2.42% |
ZPA5.DE vs. XY7D.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than XY7D.DE's 0.45% expense ratio.
Dividends
ZPA5.DE vs. XY7D.DE - Dividend Comparison
ZPA5.DE has not paid dividends to shareholders, while XY7D.DE's dividend yield for the trailing twelve months is around 6.70%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
XY7D.DE Global X S&P 500 Covered Call UCITS ETF Inc | 6.70% | 9.21% | 7.75% | 4.30% |
ZPA5.DE Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPA5.DE and XY7D.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 0.45% for XY7D.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while XY7D.DE tracks Cboe S&P 500 BuyWrite 15% WHT. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.07% for ZPA5.DE and 0.45% for XY7D.DE.
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