ZPAB.DE vs. FTGE.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and FTGE.DE (First Trust Eurozone AlphaDEX UCITS ETF Acc) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while FTGE.DE tracks the Nasdaq AlphaDEX® Eurozone. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 11.59%/yr for FTGE.DE. Their correlation of 0.87 suggests significant overlap in exposure. ZPAB.DE charges 0.20%/yr vs 0.65%/yr for FTGE.DE.
Performance
ZPAB.DE vs. FTGE.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 FTGE.DE's 13.73% 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*
- —
FTGE.DE
- 1D
- 0.51%
- 1M
- 3.08%
- YTD
- 13.73%
- 6M
- 16.86%
- 1Y
- 30.85%
- 3Y*
- 22.56%
- 5Y*
- 11.59%
- 10Y*
- —
ZPAB.DE vs. FTGE.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% |
FTGE.DE First Trust Eurozone AlphaDEX UCITS ETF Acc | 13.73% | 39.79% | 9.52% | 12.43% | -14.37% | 20.47% | 10.37% |
Correlation
The correlation between ZPAB.DE and FTGE.DE is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
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 | 0.87 |
The correlation between ZPAB.DE and FTGE.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. FTGE.DE — Risk / Return Rank
ZPAB.DE
FTGE.DE
ZPAB.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.29 | ||
| Sortino ratioReturn per unit of downside risk | -1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.40 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 3.27 | -2.03 |
| Martin ratioReturn relative to average drawdown | 4.35 | 12.30 | -7.95 |
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 | FTGE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.16 | -1.29 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.65 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.88 | -0.14 |
Drawdowns
ZPAB.DE vs. FTGE.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, which is greater than FTGE.DE's maximum drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and FTGE.DE.
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Drawdown Indicators
| ZPAB.DE | FTGE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -26.63% | -2.05% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -9.38% | -1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -16.12% | -0.14% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -26.63% | -2.05% |
Current DrawdownCurrent decline from peak | -0.10% | 0.00% | -0.10% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.40% | -0.35% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.50% | +0.71% |
Volatility
ZPAB.DE vs. FTGE.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 First Trust Eurozone AlphaDEX UCITS ETF Acc (FTGE.DE) at 3.83%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than FTGE.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 | FTGE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.83% | +1.33% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 11.63% | +1.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.23% | +1.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 17.58% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 18.41% | -1.44% |
ZPAB.DE vs. FTGE.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than FTGE.DE's 0.65% expense ratio.
Dividends
ZPAB.DE vs. FTGE.DE - Dividend Comparison
Neither ZPAB.DE nor FTGE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and FTGE.DE have a correlation of 0.83, 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 FTGE.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while FTGE.DE tracks Nasdaq AlphaDEX® Eurozone. They also come from different issuers: Amundi and First Trust. Their fees differ too: 0.20% for ZPAB.DE and 0.65% for FTGE.DE.
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