ZPAB.DE vs. MIVA.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and MIVA.DE (Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C)) are both Europe Equities funds from Amundi - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while MIVA.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 7.20%/yr for MIVA.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPAB.DE charges 0.20%/yr vs 0.23%/yr for MIVA.DE.
Performance
ZPAB.DE vs. MIVA.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 MIVA.DE's 5.31% 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*
- —
MIVA.DE
- 1D
- 0.58%
- 1M
- -0.46%
- YTD
- 5.31%
- 6M
- 6.85%
- 1Y
- 5.14%
- 3Y*
- 10.24%
- 5Y*
- 7.20%
- 10Y*
- 6.51%
ZPAB.DE vs. MIVA.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% |
MIVA.DE Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) | 5.31% | 12.05% | 11.43% | 10.68% | -13.34% | 21.25% | 2.74% |
Correlation
The correlation between ZPAB.DE and MIVA.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.77 |
The correlation between ZPAB.DE and MIVA.DE has been stable across timeframes, ranging from 0.68 to 0.77 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. MIVA.DE — Risk / Return Rank
ZPAB.DE
MIVA.DE
ZPAB.DE vs. MIVA.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 Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.50 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 0.75 | +0.49 |
| Martin ratioReturn relative to average drawdown | 4.35 | 1.96 | +2.39 |
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 | MIVA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 0.60 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.65 | -0.08 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.52 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.53 | +0.22 |
Drawdowns
ZPAB.DE vs. MIVA.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, smaller than the maximum MIVA.DE drawdown of -30.57%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and MIVA.DE.
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Drawdown Indicators
| ZPAB.DE | MIVA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -30.57% | +1.89% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -6.94% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -11.02% | -5.24% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -19.69% | -8.99% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.57% | — |
Current DrawdownCurrent decline from peak | -0.10% | -3.21% | +3.11% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.64% | -0.11% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.67% | +0.54% |
Volatility
ZPAB.DE vs. MIVA.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 Amundi MSCI Europe Minimum Volatility Factor UCITS ETF EUR (C) (MIVA.DE) at 3.14%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than MIVA.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 | MIVA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.14% | +2.02% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 7.19% | +5.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 8.76% | +7.23% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 10.96% | +6.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 12.34% | +4.63% |
ZPAB.DE vs. MIVA.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than MIVA.DE's 0.23% 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. MIVA.DE - Dividend Comparison
Neither ZPAB.DE nor MIVA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and MIVA.DE have a correlation of 0.68, 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 0.23% for MIVA.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while MIVA.DE tracks MSCI Europe Minimum Volatility. Their fees differ too: 0.20% for ZPAB.DE and 0.23% for MIVA.DE.
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