ZPAB.DE vs. WEBG.DE
ZPAB.DE (Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc) and WEBG.DE (Amundi Prime All Country World UCITS ETF Dist) are both exchange-traded funds - ZPAB.DE is a Europe Equities fund tracking the S&P Eurozone LargeMidCap Paris-Aligned Climate, while WEBG.DE is a Global Equities fund tracking the Solactive GBS Global Markets Large & Mid Cap Index. Both are passively managed. Over the past year, ZPAB.DE returned 13.19% vs 26.64% for WEBG.DE. A 0.69 correlation means they provide meaningful diversification when combined. ZPAB.DE charges 0.20%/yr vs 0.07%/yr for WEBG.DE.
Performance
ZPAB.DE vs. WEBG.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 WEBG.DE's 12.80% 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*
- —
WEBG.DE
- 1D
- -0.23%
- 1M
- 3.70%
- YTD
- 12.80%
- 6M
- 12.74%
- 1Y
- 26.64%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPAB.DE vs. WEBG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 6.68% | 22.02% | 5.42% |
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 12.80% | 9.19% | 16.33% |
Correlation
The correlation between ZPAB.DE and WEBG.DE is 0.74, 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 | 0.74 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2024 | 0.69 |
The correlation between ZPAB.DE and WEBG.DE has been stable across timeframes, ranging from 0.69 to 0.74 - a consistent structural relationship.
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Return for Risk
ZPAB.DE vs. WEBG.DE — Risk / Return Rank
ZPAB.DE
WEBG.DE
ZPAB.DE vs. WEBG.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 All Country World UCITS ETF Dist (WEBG.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 | WEBG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.45 | ||
| Sortino ratioReturn per unit of downside risk | -1.88 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.44 | -0.27 |
| Calmar ratioReturn relative to maximum drawdown | 1.25 | 4.11 | -2.86 |
| Martin ratioReturn relative to average drawdown | 4.35 | 16.53 | -12.18 |
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 | WEBG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.87 | 2.33 | -1.45 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.74 | 1.24 | -0.50 |
Drawdowns
ZPAB.DE vs. WEBG.DE - Drawdown Comparison
The maximum ZPAB.DE drawdown since its inception was -28.68%, which is greater than WEBG.DE's maximum drawdown of -21.31%. Use the drawdown chart below to compare losses from any high point for ZPAB.DE and WEBG.DE.
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Drawdown Indicators
| ZPAB.DE | WEBG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.68% | -21.31% | -7.37% |
Max Drawdown (1Y)Largest decline over 1 year | -11.18% | -6.50% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -16.26% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -28.68% | — | — |
Current DrawdownCurrent decline from peak | -0.10% | -0.63% | +0.53% |
Average DrawdownAverage peak-to-trough decline | -5.75% | -2.81% | -2.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.21% | 1.62% | +1.59% |
Volatility
ZPAB.DE vs. WEBG.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 All Country World UCITS ETF Dist (WEBG.DE) at 3.10%. This indicates that ZPAB.DE's price experiences larger fluctuations and is considered to be riskier than WEBG.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 | WEBG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.16% | 3.10% | +2.06% |
Volatility (6M)Calculated over the trailing 6-month period | 13.16% | 8.28% | +4.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 11.48% | +4.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.10% | 14.15% | +2.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.97% | 14.15% | +2.82% |
ZPAB.DE vs. WEBG.DE - Expense Ratio Comparison
ZPAB.DE has a 0.20% expense ratio, which is higher than WEBG.DE's 0.07% 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. WEBG.DE - Dividend Comparison
Neither ZPAB.DE nor WEBG.DE has paid dividends to shareholders.
| Position | TTM | 2025 |
|---|---|---|
WEBG.DE Amundi Prime All Country World UCITS ETF Dist | 1.22% | 1.32% |
ZPAB.DE Amundi S&P Eurozone PAB Net Zero Ambition UCITS ETF Acc | 0.00% | 0.00% |
Frequently Asked Questions
ZPAB.DE and WEBG.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WEBG.DE is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WEBG.DE is cheaper with a 0.07% expense ratio, compared with 0.20% for ZPAB.DE.
ZPAB.DE is categorized as Europe Equities, while WEBG.DE is Global Equities. ZPAB.DE tracks S&P Eurozone LargeMidCap Paris-Aligned Climate, while WEBG.DE tracks Solactive GBS Global Markets Large & Mid Cap Index. Their fees differ too: 0.20% for ZPAB.DE and 0.07% for WEBG.DE.
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