18M2.DE vs. ZPRX.DE
18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both Europe Equities funds - 18M2.DE tracks the MSCI EMU High Dividend Yield while ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, 18M2.DE returned 8.26%/yr vs 8.15%/yr for ZPRX.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
18M2.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, 18M2.DE achieves a 6.76% return, which is significantly lower than ZPRX.DE's 7.81% return. Both investments have delivered pretty close results over the past 10 years, with 18M2.DE having a 8.26% annualized return and ZPRX.DE not far behind at 8.15%.
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
18M2.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between 18M2.DE and ZPRX.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.80 |
The correlation between 18M2.DE and ZPRX.DE shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
18M2.DE vs. ZPRX.DE — Risk / Return Rank
18M2.DE
ZPRX.DE
18M2.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| 18M2.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.22 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.55 | 1.47 | +1.08 |
| Martin ratioReturn relative to average drawdown | 6.71 | 5.42 | +1.29 |
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
| 18M2.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.49 | 1.23 | +0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.66 | 0.46 | +0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.45 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.44 | 0.39 | +0.05 |
Drawdowns
18M2.DE vs. ZPRX.DE - Drawdown Comparison
The maximum 18M2.DE drawdown since its inception was -37.06%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for 18M2.DE and ZPRX.DE.
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Drawdown Indicators
| 18M2.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -37.06% | -43.93% | +6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -6.19% | -11.63% | +5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -14.68% | -15.95% | +1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -20.81% | -27.52% | +6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -37.06% | -43.93% | +6.87% |
Current DrawdownCurrent decline from peak | -1.44% | -1.51% | +0.07% |
Average DrawdownAverage peak-to-trough decline | -6.42% | -7.71% | +1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.36% | 3.16% | -0.80% |
Volatility
18M2.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) is 2.63%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that 18M2.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 18M2.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.63% | 4.17% | -1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 8.33% | 11.30% | -2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.62% | 13.94% | -3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.41% | 16.69% | -3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.14% | -2.70% |
18M2.DE vs. ZPRX.DE - Expense Ratio Comparison
Both 18M2.DE and ZPRX.DE have an expense ratio of 0.30%.
Dividends
18M2.DE vs. ZPRX.DE - Dividend Comparison
Neither 18M2.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
18M2.DE and ZPRX.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
18M2.DE and ZPRX.DE have the same expense ratio: 0.30% per year.
18M2.DE tracks MSCI EMU High Dividend Yield, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. They also come from different issuers: Amundi and State Street.
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