ZPAB.DE vs. PRAZ.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and PRAZ.DE (Amundi Prime Eurozone UCITS ETF) are both Europe Equities funds from Amundi - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while PRAZ.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPAB.DE returned 9.80%/yr vs 10.92%/yr for PRAZ.DE. Their correlation of 0.89 suggests significant overlap in exposure. ZPAB.DE charges 0.20%/yr vs 0.05%/yr for PRAZ.DE.
Performance
ZPAB.DE vs. PRAZ.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 PRAZ.DE's 9.30% 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*
- —
PRAZ.DE
- 1D
- 0.60%
- 1M
- 4.74%
- YTD
- 9.30%
- 6M
- 11.04%
- 1Y
- 18.71%
- 3Y*
- 16.37%
- 5Y*
- 10.92%
- 10Y*
- —
ZPAB.DE vs. PRAZ.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% |
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 9.30% | 24.75% | 9.66% | 19.29% | -11.83% | 26.38% | 7.64% |
Correlation
The correlation between ZPAB.DE and PRAZ.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.92 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.91 |
Correlation (All Time) Calculated using the full available price history since Jul 24, 2020 | 0.89 |
The correlation between ZPAB.DE and PRAZ.DE has been stable across timeframes, ranging from 0.89 to 0.95 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. PRAZ.DE — Risk / Return Rank
ZPAB.DE
PRAZ.DE
ZPAB.DE vs. PRAZ.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 Eurozone UCITS ETF (PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.38 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.23 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 1.78 | -0.54 |
| Martin ratioReturn relative to average drawdown | 4.35 | 6.54 | -2.18 |
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 | PRAZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 1.25 | -0.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | 0.64 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 0.55 | +0.20 |
Drawdowns
ZPAB.DE vs. PRAZ.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, roughly equal to the maximum PRAZ.DE drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and PRAZ.DE.
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Drawdown Indicators
| ZPAB.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -29.52% | +0.84% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -10.45% | -0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | -15.46% | -0.80% |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | -24.09% | -4.59% |
Current DrawdownCurrent decline from peak | -0.10% | -0.37% | +0.27% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -6.18% | +0.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 2.86% | +0.35% |
Volatility
ZPAB.DE vs. PRAZ.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 Eurozone UCITS ETF (PRAZ.DE) at 4.69%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 4.69% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 12.25% | +0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 14.95% | +1.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 16.99% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 19.16% | -2.19% |
ZPAB.DE vs. PRAZ.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is higher than PRAZ.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. PRAZ.DE - Dividend Comparison
Neither ZPAB.DE nor PRAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.95, ZPAB.DE and PRAZ.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, PRAZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAZ.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 PRAZ.DE tracks Solactive GBS Developed Markets Eurozone Large & Mid Cap. Their fees differ too: 0.20% for ZPAB.DE and 0.05% for PRAZ.DE.
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