ZPAB.DE vs. D5BL.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 14.60%/yr for D5BL.DE. Their correlation of 0.86 suggests significant overlap in exposure. ZPAB.DE charges 0.20%/yr vs 0.15%/yr for D5BL.DE.
Performance
ZPAB.DE vs. D5BL.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 D5BL.DE's 13.85% 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*
- —
D5BL.DE
- 1D
- -0.38%
- 1M
- 2.55%
- YTD
- 13.85%
- 6M
- 17.04%
- 1Y
- 32.33%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
ZPAB.DE vs. D5BL.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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | 11.42% |
Correlation
The correlation between ZPAB.DE and D5BL.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.86 |
The correlation between ZPAB.DE and D5BL.DE has been stable across timeframes, ranging from 0.82 to 0.86 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. D5BL.DE — Risk / Return Rank
ZPAB.DE
D5BL.DE
ZPAB.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.86 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.42 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.28 | -2.04 |
| Martin ratioReturn relative to average drawdown | 4.35 | 12.52 | -8.16 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.28 | -1.41 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.93 | -0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.60 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.48 | +0.26 |
Drawdowns
ZPAB.DE vs. D5BL.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, smaller than the maximum D5BL.DE drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and D5BL.DE.
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Drawdown Indicators
| ZPAB.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -40.40% | +11.72% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -10.02% | -1.16% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -17.36% | +1.10% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -19.58% | -9.10% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.40% | — |
Current DrawdownCurrent decline from peak | -0.10% | -1.22% | +1.12% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -7.23% | +1.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.63% | +0.58% |
Volatility
ZPAB.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) at 4.83%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than D5BL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPAB.DE | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.83% | +0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 11.54% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.44% | +1.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 15.59% | +1.51% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 17.76% | -0.79% |
ZPAB.DE vs. D5BL.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPAB.DE vs. D5BL.DE - Dividend Comparison
Neither ZPAB.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and D5BL.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ZPAB.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: Amundi and Xtrackers. Their fees differ too: 0.20% for ZPAB.DE and 0.15% for D5BL.DE.
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