ZPAB.DE vs. 18M2.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds from Amundi - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 8.90%/yr for 18M2.DE. Their correlation of 0.82 suggests significant overlap in exposure. ZPAB.DE charges 0.20%/yr vs 0.30%/yr for 18M2.DE.
Performance
ZPAB.DE vs. 18M2.DE - Performance Comparison
Loading charts...
Returns By Period
The year-to-date returns for both investments are quite close, with ZPAB.DE having a 6.68% return and 18M2.DE slightly higher at 6.76%.
ZPAB.DE
- 1D
- 0.88%
- 1M
- 6.30%
- YTD
- 6.68%
- 6M
- 8.24%
- 1Y
- 13.99%
- 3Y*
- 16.18%
- 5Y*
- 9.80%
- 10Y*
- —
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPAB.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 6.68% | 22.02% | 13.92% | 22.06% | -17.12% | 24.77% | 7.73% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | 6.02% |
Correlation
The correlation between ZPAB.DE and 18M2.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.82 |
The correlation between ZPAB.DE and 18M2.DE has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPAB.DE vs. 18M2.DE — Risk / Return Rank
ZPAB.DE
18M2.DE
ZPAB.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ZPAB.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -0.68 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.55 | -1.30 |
| Martin ratioReturn relative to average drawdown | 4.35 | 6.71 | -2.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPAB.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.49 | -0.62 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.66 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.44 | +0.30 |
Drawdowns
ZPAB.DE vs. 18M2.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, smaller than the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and 18M2.DE.
Loading charts...
Drawdown Indicators
| ZPAB.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -37.06% | +8.38% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -6.19% | -4.99% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -14.68% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -20.81% | -7.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.06% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.44% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -6.42% | +0.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.36% | +0.85% |
Volatility
ZPAB.DE vs. 18M2.DE - Volatility Comparison
Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) has a higher volatility of 5.16% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPAB.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 2.63% | +2.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 8.33% | +4.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 10.62% | +5.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 13.41% | +3.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 15.44% | +1.53% |
ZPAB.DE vs. 18M2.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
ZPAB.DE vs. 18M2.DE - Dividend Comparison
Neither ZPAB.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and 18M2.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPAB.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPAB.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for 18M2.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while 18M2.DE tracks MSCI EMU High Dividend Yield. Their fees differ too: 0.20% for ZPAB.DE and 0.30% for 18M2.DE.
Find the right allocation for ZPAB.DE and 18M2.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer