- 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 (MXN Hedged)
- Distribution Policy
- Accumulating
- Asset Class
- Bond
Share Price Chart
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Performance
ZPRM.DE Performance Chart
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) is up 6.4% since the beginning of the year. ZPRM.DE is currently trading at $190 per share. Investors who bought $1,000 worth of ZPRM.DE shares 5 years ago would now be looking at an investment worth $1,787.
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Returns By Period
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has returned 6.36% so far this year and 14.68% over the past 12 months.
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)
- 1D
- -0.04%
- 1M
- -0.34%
- 6M
- 5.69%
- YTD
- 6.36%
- 1Y
- 14.68%
- 3Y*
- 9.14%
- 5Y*
- 12.31%
- 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%
ZPRM.DE Monthly Returns History
Based on dividend-adjusted daily data since Jul 18, 2019, ZPRM.DE's average daily return is +0.05%, while the average monthly return is +0.92%. At this rate, an investment would double in approximately 6.3 years.
Historically, 65% of months were positive and 35% were negative. The best month was Jul 2019 with a return of +9.6%, while the worst month was May 2020 at -17.8%. The longest winning streak lasted 8 consecutive months, and the longest losing streak was 3 months.
On a daily basis, ZPRM.DE closed higher 53% of trading days. The best single day was Jun 17, 2020 with a return of +11.5%, while the worst single day was May 4, 2020 at -17.8%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 4.30% | 1.25% | -4.07% | 3.56% | 1.50% | -0.18% | 0.06% | 6.36% | |||||
| 2025 | -0.63% | 1.32% | 1.13% | 5.24% | 1.65% | 3.69% | 1.20% | 1.33% | 2.32% | -0.45% | 1.97% | 2.53% | 23.34% |
| 2024 | -0.43% | 1.55% | 3.59% | -1.65% | 1.19% | -6.04% | -0.85% | -4.33% | 0.89% | -1.11% | -0.41% | 0.86% | -6.88% |
| 2023 | 4.98% | 3.27% | 2.82% | 1.00% | 2.62% | 4.57% | 3.47% | 0.10% | -2.09% | -2.69% | 5.13% | 3.48% | 29.70% |
| 2022 | -0.14% | 1.56% | 3.07% | -1.70% | 3.97% | -1.45% | -0.35% | 2.01% | 0.85% | 2.00% | 3.20% | -0.02% | 13.58% |
| 2021 | -1.71% | -2.71% | 2.64% | 1.60% | 1.53% | 0.35% | 0.79% | -0.74% | -1.69% | 0.32% | -3.91% | 5.28% | 1.41% |
Benchmark Metrics
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) has an annualized alpha of 9.63%, beta of 0.11, and R2 of 0.02 versus S&P 500 Index. Calculated based on daily prices since July 18, 2019.
- This ETF participates in less of S&P 500 Index's moves in both directions, but captures a larger share of gains (30.04%) than losses (7.51%) - typical of diversified or defensive assets.
- Beta of 0.11 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
- 9.63%
- Beta
- 0.11
- R²
- 0.02
- Upside Capture
- 30.04%
- Downside Capture
- 7.51%
Expense Ratio
ZPRM.DE has an expense ratio of 0.05%, which is considered low.
Return for Risk
Risk / Return Rank
ZPRM.DE ranks 75 for risk / return — better than 75% of ETFs on our site. You're getting solid returns for the risk taken. A good sign, especially for investors who want growth without excessive volatility.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.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.
| ZPRM.DE | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.29 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.23 | +0.79 |
| Martin ratioReturn relative to average drawdown | 12.41 | 9.69 | +2.72 |
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.
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Worst Drawdowns
The table below displays the maximum drawdowns of the State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg 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 MXN Hdg UCITS ETF (Acc) was 24.15%, occurring on May 4, 2020. Recovery took 279 trading sessions.
The current State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) drawdown is 1.36%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
2020 bear market2020 | -24.15%May 2020 | 2mo 16d | 1y 1mo | 1y 3moFeb 2020 - Jun 2021 |
2024 correction2024 | -15.56%Nov 2024 | 7mo 21d | 7mo 15d | 1y 3moApr 2024 - Jul 2025 |
2021 pullback2021 | -8.26%Nov 2021 | 2mo 13d | 2mo 22d | 5mo 5dSep 2021 - Feb 2022 |
2023 pullback2023 | -7.36%Oct 2023 | 1mo 11d | 1mo 12d | 2mo 23dAug 2023 - Nov 2023 |
Bear market2022 | -5.96%Jul 2022 | 1mo 14d | 1mo 27d | 3mo 11dMay 2022 - Sep 2022 |
Drawdown Indicators
| ZPRM.DE | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -56.78% | +32.63% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -9.10% | +4.26% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -18.90% | +3.34% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -25.43% | +9.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.66% | +0.30% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -10.71% | +6.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.09% | -0.91% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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