ZPAB.DE vs. PABG.L
Compare and contrast key facts about Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L).
ZPAB.DE and PABG.L are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPAB.DE is a passively managed fund by Amundi that tracks the performance of the S&P Eurozone LargeMidCap Paris-Aligned Climate. It was launched on Jul 6, 2020. PABG.L is a passively managed fund by Amundi that tracks the performance of the MSCI EMU NR EUR. It was launched on Jul 6, 2020. Both ZPAB.DE and PABG.L are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZPAB.DE or PABG.L.
Key characteristics
| ZPAB.DE | PABG.L | |
|---|---|---|
| YTD Return | 11.62% | 6.53% |
| 1Y Return | 19.81% | 14.05% |
| 3Y Return (Ann) | 3.58% | 2.58% |
| Sharpe Ratio | 1.52 | 1.22 |
| Sortino Ratio | 2.17 | 1.76 |
| Omega Ratio | 1.26 | 1.21 |
| Calmar Ratio | 2.18 | 1.85 |
| Martin Ratio | 8.22 | 5.52 |
| Ulcer Index | 2.22% | 2.68% |
| Daily Std Dev | 12.15% | 12.15% |
| Max Drawdown | -28.70% | -26.49% |
| Current Drawdown | -4.39% | -5.04% |
Correlation
The correlation between ZPAB.DE and PABG.L is 0.94, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZPAB.DE vs. PABG.L - Performance Comparison
In the year-to-date period, ZPAB.DE achieves a 11.62% return, which is significantly higher than PABG.L's 6.53% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZPAB.DE vs. PABG.L - Expense Ratio Comparison
Both ZPAB.DE and PABG.L have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZPAB.DE vs. PABG.L - Risk-Adjusted Performance 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 Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L). 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.
Dividends
ZPAB.DE vs. PABG.L - Dividend Comparison
Neither ZPAB.DE nor PABG.L has paid dividends to shareholders.
Drawdowns
ZPAB.DE vs. PABG.L - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.70%, which is greater than PABG.L's maximum drawdown of -26.49%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and PABG.L. For additional features, visit the drawdowns tool.
Volatility
ZPAB.DE vs. PABG.L - Volatility Comparison
Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) and Lyxor Net Zero 2050 S&P Eurozone Climate PAB (DR) UCITS ETF - Acc (PABG.L) have volatilities of 5.43% and 5.32%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.