ZPAB.DE vs. EUN0.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 7.36%/yr for EUN0.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPAB.DE charges 0.20%/yr vs 0.25%/yr for EUN0.DE.
Performance
ZPAB.DE vs. EUN0.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 higher than EUN0.DE's 5.60% 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*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
ZPAB.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | 2.82% |
Correlation
The correlation between ZPAB.DE and EUN0.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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.76 |
The correlation between ZPAB.DE and EUN0.DE has been stable across timeframes, ranging from 0.67 to 0.76 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. EUN0.DE — Risk / Return Rank
ZPAB.DE
EUN0.DE
ZPAB.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.47 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.76 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.35 | 1.97 | +2.38 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.62 | +0.25 |
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 | 0.63 | +0.11 |
Drawdowns
ZPAB.DE vs. EUN0.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, smaller than the maximum EUN0.DE drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and EUN0.DE.
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Drawdown Indicators
| ZPAB.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -30.68% | +2.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -7.16% | -4.02% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -10.73% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -19.64% | -9.04% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -0.10% | -3.12% | +3.02% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -4.69% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.76% | +0.45% |
Volatility
ZPAB.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.03% | +2.13% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 7.20% | +5.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 8.77% | +7.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 11.02% | +6.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 12.51% | +4.46% |
ZPAB.DE vs. EUN0.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than EUN0.DE's 0.25% 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
ZPAB.DE vs. EUN0.DE - Dividend Comparison
Neither ZPAB.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and EUN0.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 0.25% for EUN0.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: Amundi and iShares. Their fees differ too: 0.20% for ZPAB.DE and 0.25% for EUN0.DE.
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