ZPAB.DE vs. PRAE.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds from Amundi - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 10.04%/yr for PRAE.DE. Their correlation of 0.90 suggests significant overlap in exposure. ZPAB.DE charges 0.20%/yr vs 0.05%/yr for PRAE.DE.
Performance
ZPAB.DE vs. PRAE.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 PRAE.DE's 7.71% 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*
- —
PRAE.DE
- 1D
- 0.23%
- 1M
- 3.06%
- YTD
- 7.71%
- 6M
- 10.19%
- 1Y
- 16.77%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
ZPAB.DE vs. PRAE.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% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -9.25% | 25.29% | 10.79% |
Correlation
The correlation between ZPAB.DE and PRAE.DE is 0.93, 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 | 0.93 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.90 |
The correlation between ZPAB.DE and PRAE.DE has been stable across timeframes, ranging from 0.90 to 0.93 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. PRAE.DE — Risk / Return Rank
ZPAB.DE
PRAE.DE
ZPAB.DE vs. PRAE.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 Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.42 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.24 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.75 | -0.50 |
| Martin ratioReturn relative to average drawdown | 4.35 | 6.64 | -2.29 |
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 | PRAE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.29 | -0.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.69 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.54 | +0.20 |
Drawdowns
ZPAB.DE vs. PRAE.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, smaller than the maximum PRAE.DE drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and PRAE.DE.
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Drawdown Indicators
| ZPAB.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -32.86% | +4.18% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -9.54% | -1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -16.94% | +0.68% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -19.60% | -9.08% |
Current DrawdownCurrent decline from peak | -0.10% | -1.63% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -5.27% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.52% | +0.69% |
Volatility
ZPAB.DE vs. PRAE.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 Prime Europe UCITS ETF (PRAE.DE) at 4.39%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.39% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 10.66% | +2.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 12.97% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 14.42% | +2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 17.22% | -0.25% |
ZPAB.DE vs. PRAE.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is higher than PRAE.DE's 0.05% expense ratio. However, 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. PRAE.DE - Dividend Comparison
Neither ZPAB.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.93, ZPAB.DE and PRAE.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for ZPAB.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. Their fees differ too: 0.20% for ZPAB.DE and 0.05% for PRAE.DE.
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