ZPAB.DE vs. ROX.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and ROX.DE (Expat Romania BET UCITS ETF) are both Europe Equities funds - ZPAB.DE tracks the S&P Eurozone LargeMidCap Paris-Aligned Climate while ROX.DE tracks the BET Index. Both are passively managed. Over the past 5 years, ZPAB.DE returned 10.22%/yr vs 23.40%/yr for ROX.DE. At a 0.17 correlation, their price movements are largely independent. ZPAB.DE charges 0.20%/yr vs 1.38%/yr for ROX.DE.
Performance
ZPAB.DE vs. ROX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPAB.DE achieves a 8.38% return, which is significantly lower than ROX.DE's 39.19% return.
ZPAB.DE
- 1D
- -1.16%
- 1M
- -2.06%
- 6M
- 5.51%
- YTD
- 8.38%
- 1Y
- 16.39%
- 3Y*
- 15.96%
- 5Y*
- 10.22%
- 10Y*
- —
ROX.DE
- 1D
- 0.49%
- 1M
- 15.08%
- 6M
- 23.72%
- YTD
- 39.19%
- 1Y
- 72.38%
- 3Y*
- 35.94%
- 5Y*
- 23.40%
- 10Y*
- —
ZPAB.DE vs. ROX.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 | 8.38% | 22.01% | 13.92% | 22.06% | -17.12% | 24.77% | 9.80% |
ROX.DE Expat Romania BET UCITS ETF | 39.19% | 43.69% | 13.19% | 22.15% | -3.87% | 34.78% | 9.52% |
Correlation
The correlation between ZPAB.DE and ROX.DE is 0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.17 |
Correlation (All Time) Calculated using the full available price history since Jul 6, 2020 | 0.17 |
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Return for Risk
ZPAB.DE vs. ROX.DE — Risk / Return Rank
ZPAB.DE
ROX.DE
ZPAB.DE vs. ROX.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 Expat Romania BET UCITS ETF (ROX.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPAB.DE | ROX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.72 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.62 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | 9.10 | -7.65 |
| Martin ratioReturn relative to average drawdown | 5.24 | 28.32 | -23.07 |
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Drawdowns
ZPAB.DE vs. ROX.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.69%, roughly equal to the maximum ROX.DE drawdown of -29.00%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and ROX.DE.
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Drawdown Indicators
| ZPAB.DE | ROX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.69% | -29.00% | +0.31% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -7.91% | -3.27% |
Max Drawdown (3Y)Largest decline over 3 years | -16.25% | -17.52% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -28.69% | -19.51% | -9.18% |
Current DrawdownCurrent decline from peak | -2.41% | 0.00% | -2.41% |
Average DrawdownAverage peak-to-trough decline | -5.63% | -5.26% | -0.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.12% | 2.55% | +0.57% |
Volatility
ZPAB.DE vs. ROX.DE - Volatility Comparison
The current volatility for Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc (ZPAB.DE) is 3.89%, while Expat Romania BET UCITS ETF (ROX.DE) has a volatility of 5.07%. This indicates that ZPAB.DE experiences smaller price fluctuations and is considered to be less risky than ROX.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 | ROX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.89% | 5.07% | -1.18% |
Volatility (6M)Calculated over the trailing 6-month period | 13.69% | 13.79% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.04% | 19.33% | -3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.12% | 19.80% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.90% | 21.02% | -4.12% |
ZPAB.DE vs. ROX.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is lower than ROX.DE's 1.38% expense ratio.
Dividends
ZPAB.DE vs. ROX.DE - Dividend Comparison
Neither ZPAB.DE nor ROX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPAB.DE and ROX.DE have a correlation of 0.08, 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 1.38% for ROX.DE.
ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while ROX.DE tracks BET Index. They also come from different issuers: Amundi and Expat. Their fees differ too: 0.20% for ZPAB.DE and 1.38% for ROX.DE.
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