ZPA5.DE vs. XZEW.DE
ZPA5.DE (Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc) and XZEW.DE (Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C) are both S&P 500 funds - ZPA5.DE tracks the S&P 500 Net Zero 2050 Paris-Aligned ESG+ while XZEW.DE tracks the S&P 500 Equal Weight ESG. Both are passively managed. Over the past 3 years, ZPA5.DE returned 17.74%/yr vs 12.65%/yr for XZEW.DE. A 0.74 correlation means they provide meaningful diversification when combined. ZPA5.DE charges 0.07%/yr vs 0.17%/yr for XZEW.DE.
Performance
ZPA5.DE vs. XZEW.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 lower than XZEW.DE's 10.78% 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*
- —
XZEW.DE
- 1D
- 0.38%
- 1M
- 3.74%
- YTD
- 10.78%
- 6M
- 11.14%
- 1Y
- 21.89%
- 3Y*
- 12.65%
- 5Y*
- —
- 10Y*
- —
ZPA5.DE vs. XZEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPA5.DE Amundi S&P 500 Climate Net Zero Ambition PAB UCITS ETF Acc | 8.46% | 2.76% | 34.10% | 25.83% | -5.12% |
XZEW.DE Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C | 10.78% | 1.09% | 18.02% | 10.63% | -3.60% |
Correlation
The correlation between ZPA5.DE and XZEW.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (All Time) Calculated using the full available price history since Dec 13, 2022 | 0.74 |
The correlation between ZPA5.DE and XZEW.DE has been stable across timeframes, ranging from 0.67 to 0.74 - a consistent structural relationship.
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Return for Risk
ZPA5.DE vs. XZEW.DE — Risk / Return Rank
ZPA5.DE
XZEW.DE
ZPA5.DE vs. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.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 | XZEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.33 | 1.35 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 2.21 | 4.33 | -2.12 |
| Martin ratioReturn relative to average drawdown | 7.40 | 12.75 | -5.35 |
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 | XZEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.77 | 1.98 | -0.22 |
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 | 0.74 | +0.26 |
Drawdowns
ZPA5.DE vs. XZEW.DE - Drawdown Comparison
The maximum ZPA5.DE drawdown since its inception was -23.13%, roughly equal to the maximum XZEW.DE drawdown of -23.98%. Use the drawdown chart below to compare losses from any high point for ZPA5.DE and XZEW.DE.
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Drawdown Indicators
| ZPA5.DE | XZEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.13% | -23.98% | +0.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.25% | -5.00% | -4.25% |
Max Drawdown (3Y)Largest decline over 3 years | -23.13% | -23.98% | +0.85% |
Max Drawdown (5Y)Largest decline over 5 years | -23.13% | — | — |
Current DrawdownCurrent decline from peak | -0.31% | 0.00% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -5.02% | -4.76% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.77% | 1.70% | +1.07% |
Volatility
ZPA5.DE vs. XZEW.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 Xtrackers S&P 500 Equal Weight ESG UCITS ETF 1C (XZEW.DE) at 2.12%. This indicates that ZPA5.DE's price experiences larger fluctuations and is considered to be riskier than XZEW.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 | XZEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.70% | 2.12% | +0.58% |
Volatility (6M)Calculated over the trailing 6-month period | 7.88% | 6.92% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.58% | 10.93% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.92% | 13.97% | +1.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.93% | 13.97% | +1.96% |
ZPA5.DE vs. XZEW.DE - Expense Ratio Comparison
ZPA5.DE has a 0.07% expense ratio, which is lower than XZEW.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. XZEW.DE - Dividend Comparison
Neither ZPA5.DE nor XZEW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPA5.DE and XZEW.DE have a correlation of 0.67, 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 XZEW.DE.
ZPA5.DE tracks S&P 500 Net Zero 2050 Paris-Aligned ESG+, while XZEW.DE tracks S&P 500 Equal Weight ESG. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.07% for ZPA5.DE and 0.17% for XZEW.DE.
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