- Issuer
- State Street
- Inception Date
- Jul 17, 2019
- Category
- Money Market
- Leveraged
- 1x (No leverage)
- Index Tracked
- Bloomberg US Treasury Bills 1-3 Month Index
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
Loading charts...
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Performance
ZPR1.DE Performance Chart
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) is up 1.9% since the beginning of the year. ZPR1.DE is currently trading at $120 per share. Investors who bought $1,000 worth of ZPR1.DE shares 5 years ago would now be looking at an investment worth $1,189.
Loading charts...
Returns By Period
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) has returned 1.85% so far this year and 3.86% over the past 12 months.
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc)
- 1D
- 0.01%
- 1M
- 0.32%
- 6M
- 1.84%
- YTD
- 1.85%
- 1Y
- 3.86%
- 3Y*
- 4.64%
- 5Y*
- 3.52%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- 0.00%
- 1M
- -0.93%
- 6M
- 9.11%
- YTD
- 9.32%
- 1Y
- 19.17%
- 3Y*
- 18.87%
- 5Y*
- 11.45%
- 10Y*
- 13.53%
ZPR1.DE Monthly Returns History
Based on dividend-adjusted daily data since Jul 17, 2019, ZPR1.DE's average daily return is +0.01%, while the average monthly return is +0.22%. At this rate, an investment would double in approximately 26.3 years.
Historically, 79% of months were positive and 21% were negative. The best month was Aug 2023 with a return of +0.5%, while the worst month was Jun 2020 at -0.0%. The longest winning streak lasted 53 consecutive months, and the longest losing streak was 5 months.
On a daily basis, ZPR1.DE closed higher 53% of trading days. The best single day was Mar 12, 2020 with a return of +1.3%, while the worst single day was Mar 16, 2020 at -1.9%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.34% | 0.22% | 0.31% | 0.33% | 0.33% | 0.24% | 0.07% | 1.85% | |||||
| 2025 | 0.45% | 0.27% | 0.32% | 0.38% | 0.34% | 0.34% | 0.37% | 0.36% | 0.33% | 0.35% | 0.30% | 0.33% | 4.23% |
| 2024 | 0.45% | 0.43% | 0.43% | 0.42% | 0.49% | 0.39% | 0.44% | 0.46% | 0.45% | 0.40% | 0.40% | 0.31% | 5.21% |
| 2023 | 0.36% | 0.33% | 0.41% | 0.37% | 0.38% | 0.45% | 0.38% | 0.51% | 0.40% | 0.43% | 0.47% | 0.41% | 5.01% |
| 2022 | -0.00% | -0.00% | 0.01% | 0.01% | 0.04% | 0.05% | 0.07% | 0.17% | 0.24% | 0.17% | 0.27% | 0.35% | 1.38% |
| 2021 | -0.00% | 0.00% | 0.00% | -0.01% | -0.01% | -0.01% | -0.00% | -0.01% | 0.00% | -0.01% | -0.01% | 0.00% | -0.06% |
Benchmark Metrics
State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) has an annualized alpha of 2.49%, beta of 0.01, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 17, 2019.
- This ETF captured 4.50% of S&P 500 Index gains and tended to rise during its downturns (downside capture of -5.82%) - a profile typical of hedging or uncorrelated assets.
- Beta of 0.01 may look defensive, but with R2 of 0.02 this ETF is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this ETF's risk.
- R2 of 0.02 means this ETF moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.
- Alpha
- 2.49%
- Beta
- 0.01
- R²
- 0.02
- Upside Capture
- 4.50%
- Downside Capture
- -5.82%
Expense Ratio
ZPR1.DE has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
ZPR1.DE ranks 98 for risk / return — in the top 98% of ETFs on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) and compare them to S&P 500 Index.
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.
| ZPR1.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.05 | ||
| Sortino ratioReturn per unit of downside risk | +3.59 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.29 | +1.13 |
| Calmar ratioReturn relative to maximum drawdown | 9.23 | 2.23 | +7.01 |
| Martin ratioReturn relative to average drawdown | 43.51 | 9.69 | +33.82 |
Dividends
Dividend History
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Loading charts...
Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc). A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) was 1.92%, occurring on Mar 16, 2020. Recovery took 704 trading sessions.
The current State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) drawdown is 0.25%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
COVID crash2020 | -1.92%Mar 2020 | 0s | 2y 9mo | 2y 9moMar 2020 - Dec 2022 |
2026 pullback2026 | -0.42%May 2026 | 3d | 26d | 29dMay 2026 - Jun 2026 |
2026 pullback2026 | -0.32%Jun 2026 | 0s | — | 4d 9hJun 2026 - now |
2024 pullback2024 | -0.28%Aug 2024 | 1d | 5d | 6dAug 2024 - Aug 2024 |
2025 pullback2025 | -0.26%Dec 2025 | 1d | 24d | 25dDec 2025 - Jan 2026 |
Drawdown Indicators
| ZPR1.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -56.78% | +54.86% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -9.10% | +8.68% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | -18.90% | +18.48% |
Max Drawdown (5Y)Largest decline over 5 years | -0.42% | -25.43% | +25.01% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.25% | -1.66% | +1.41% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -10.71% | +10.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.09% | -2.00% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
Loading charts...
Build a portfolio with ZPR1.DE
Add State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) to a portfolio and analyze allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Analyzer with ZPR1.DE