ZPAB.DE vs. B41J.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and B41J.DE (Global X European Infrastructure Development UCITS ETF EUR Accumulating) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while B41J.DE tracks the Mirae Asset European Infrastructure Development Index. Both are passively managed. Over the past year, ZPAB.DE returned 13.99% vs 8.84% for B41J.DE. A 0.66 correlation means they provide meaningful diversification when combined. ZPAB.DE charges 0.20%/yr vs 0.47%/yr for B41J.DE.
Performance
ZPAB.DE vs. B41J.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPAB.DE achieves a 6.68% return, which is significantly lower than B41J.DE's 7.25% return.
ZPAB.DE
- 1D
- 0.88%
- 1M
- 6.30%
- YTD
- 6.68%
- 6M
- 8.24%
- 1Y
- 13.99%
- 3Y*
- 16.18%
- 5Y*
- 9.80%
- 10Y*
- —
B41J.DE
- 1D
- 0.02%
- 1M
- -0.79%
- YTD
- 7.25%
- 6M
- 8.32%
- 1Y
- 8.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPAB.DE vs. B41J.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 6.68% | 22.02% | 2.55% |
B41J.DE Global X European Infrastructure Development UCITS ETF EUR Accumulating | 7.25% | 27.74% | -2.48% |
Correlation
The correlation between ZPAB.DE and B41J.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 (All Time) Calculated using the full available price history since Sep 6, 2024 | 0.66 |
The correlation between ZPAB.DE and B41J.DE has been stable across timeframes, ranging from 0.66 to 0.67 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. B41J.DE — Risk / Return Rank
ZPAB.DE
B41J.DE
ZPAB.DE vs. B41J.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 Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.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 | B41J.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.94 | +0.30 |
| Martin ratioReturn relative to average drawdown | 4.35 | 2.70 | +1.66 |
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
| ZPAB.DE | B41J.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.58 | +0.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.12 | -0.38 |
Drawdowns
ZPAB.DE vs. B41J.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, which is greater than B41J.DE's maximum drawdown of -12.00%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and B41J.DE.
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Drawdown Indicators
| ZPAB.DE | B41J.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -12.00% | -16.68% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -9.34% | -1.84% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -4.55% | +4.45% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -2.45% | -3.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 3.24% | -0.03% |
Volatility
ZPAB.DE vs. B41J.DE - Volatility Comparison
Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) and Global X European Infrastructure Development UCITS ETF EUR Accumulating (B41J.DE) have volatilities of 5.16% and 4.95%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPAB.DE | B41J.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.95% | +0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 12.73% | +0.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 15.27% | +0.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 16.11% | +0.99% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 16.11% | +0.86% |
ZPAB.DE vs. B41J.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than B41J.DE's 0.47% expense ratio.
Dividends
ZPAB.DE vs. B41J.DE - Dividend Comparison
Neither ZPAB.DE nor B41J.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and B41J.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, 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 0.47% for B41J.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while B41J.DE tracks Mirae Asset European Infrastructure Development Index. They also come from different issuers: Amundi and Global X. Their fees differ too: 0.20% for ZPAB.DE and 0.47% for B41J.DE.
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