ZPAB.DE vs. EUPA.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, ZPAB.DE returned 16.18%/yr vs 17.95%/yr for EUPA.DE. A 0.65 correlation means they provide meaningful diversification when combined. ZPAB.DE charges 0.20%/yr vs 0.65%/yr for EUPA.DE.
Performance
ZPAB.DE vs. EUPA.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 EUPA.DE's 8.36% return.
ZPAB.DE
- 1D
- 0.88%
- 1M
- 3.54%
- YTD
- 6.68%
- 6M
- 7.99%
- 1Y
- 13.19%
- 3Y*
- 16.18%
- 5Y*
- 9.80%
- 10Y*
- —
EUPA.DE
- 1D
- 0.63%
- 1M
- -0.88%
- YTD
- 8.36%
- 6M
- 9.89%
- 1Y
- 17.44%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
ZPAB.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 6.68% | 22.02% | 13.92% | 7.88% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between ZPAB.DE and EUPA.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.65 |
The correlation between ZPAB.DE and EUPA.DE has been stable across timeframes, ranging from 0.62 to 0.66 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. EUPA.DE — Risk / Return Rank
ZPAB.DE
EUPA.DE
ZPAB.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.70 | ||
| Sortino ratioReturn per unit of downside risk | -0.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.28 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 2.02 | -0.77 |
| Martin ratioReturn relative to average drawdown | 4.35 | 7.49 | -3.14 |
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 | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.57 | -0.70 |
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 | 1.30 | -0.56 |
Drawdowns
ZPAB.DE vs. EUPA.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and EUPA.DE.
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Drawdown Indicators
| ZPAB.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -10.28% | -18.40% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -8.44% | -2.74% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -10.28% | -5.98% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -2.77% | +2.67% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -1.91% | -3.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.28% | +0.93% |
Volatility
ZPAB.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.63% | +1.53% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 9.03% | +4.13% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 10.84% | +5.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 12.40% | +4.70% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 12.40% | +4.57% |
ZPAB.DE vs. EUPA.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
ZPAB.DE vs. EUPA.DE - Dividend Comparison
Neither ZPAB.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and EUPA.DE have a correlation of 0.62, 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 0.65% for EUPA.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: Amundi and Franklin Templeton. Their fees differ too: 0.20% for ZPAB.DE and 0.65% for EUPA.DE.
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