3110.HK vs. ZPRG.DE
3110.HK (Global X Hang Seng High Dividend Yield ETF) and ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - 3110.HK is a China Equities fund tracking the Hang Seng High Dividend Yield Index, while ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index. Both are passively managed. Over the past 10 years, 3110.HK returned 10.04%/yr vs 6.44%/yr for ZPRG.DE. At a 0.23 correlation, their price movements are largely independent. 3110.HK charges 0.68%/yr vs 0.45%/yr for ZPRG.DE.
Performance
3110.HK vs. ZPRG.DE - Performance Comparison
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Different Trading Currencies
3110.HK is traded in HKD, while ZPRG.DE is traded in EUR. To make them comparable, the ZPRG.DE values have been converted to HKD using the latest available exchange rates.
Returns By Period
In the year-to-date period, 3110.HK achieves a 5.85% return, which is significantly lower than ZPRG.DE's 6.61% return. Over the past 10 years, 3110.HK has outperformed ZPRG.DE with an annualized return of 10.04%, while ZPRG.DE has yielded a comparatively lower 6.44% annualized return.
3110.HK
- 1D
- -0.37%
- 1M
- -4.20%
- YTD
- 5.85%
- 6M
- 4.00%
- 1Y
- 26.52%
- 3Y*
- 20.98%
- 5Y*
- 9.07%
- 10Y*
- 10.04%
ZPRG.DE
- 1D
- 0.53%
- 1M
- -2.29%
- YTD
- 6.61%
- 6M
- 7.94%
- 1Y
- 17.03%
- 3Y*
- 14.60%
- 5Y*
- 5.73%
- 10Y*
- 6.44%
3110.HK vs. ZPRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
3110.HK Global X Hang Seng High Dividend Yield ETF | 5.85% | 35.55% | 32.28% | -3.89% | -8.03% | 7.61% | -6.80% | 7.58% | -3.43% | 42.22% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 6.61% | 18.79% | 6.14% | 6.75% | -6.49% | 16.00% | -9.86% | 20.35% | -9.53% | 19.87% |
Correlation
The correlation between 3110.HK and ZPRG.DE is 0.21, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.21 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.19 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.24 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2013 | 0.23 |
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Return for Risk
3110.HK vs. ZPRG.DE — Risk / Return Rank
3110.HK
ZPRG.DE
3110.HK vs. ZPRG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Global X Hang Seng High Dividend Yield ETF (3110.HK) and SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.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.
| 3110.HK | ZPRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.29 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.26 | +1.88 |
| Martin ratioReturn relative to average drawdown | 10.79 | 6.85 | +3.94 |
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
| 3110.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.11 | 1.62 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.40 | +0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.40 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.38 | +0.06 |
Drawdowns
3110.HK vs. ZPRG.DE - Drawdown Comparison
The maximum 3110.HK drawdown since its inception was -34.74%, smaller than the maximum ZPRG.DE drawdown of -42.85%. Use the drawdown chart below to compare losses from any high point for 3110.HK and ZPRG.DE.
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Drawdown Indicators
| 3110.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.74% | -42.85% | +8.11% |
Max Drawdown (1Y)Largest decline over 1 year | -6.87% | -7.45% | +0.58% |
Max Drawdown (3Y)Largest decline over 3 years | -16.74% | -14.06% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -33.37% | -20.33% | -13.04% |
Max Drawdown (10Y)Largest decline over 10 years | -34.74% | -42.85% | +8.11% |
Current DrawdownCurrent decline from peak | -5.80% | -2.57% | -3.23% |
Average DrawdownAverage peak-to-trough decline | -11.79% | -6.26% | -5.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.60% | 2.46% | +0.14% |
Volatility
3110.HK vs. ZPRG.DE - Volatility Comparison
The current volatility for Global X Hang Seng High Dividend Yield ETF (3110.HK) is 3.03%, while SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) has a volatility of 3.21%. This indicates that 3110.HK experiences smaller price fluctuations and is considered to be less risky than ZPRG.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3110.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.03% | 3.21% | -0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.78% | 7.36% | +2.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.48% | 10.43% | +3.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.73% | 14.14% | +5.59% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.18% | 16.07% | +6.11% |
3110.HK vs. ZPRG.DE - Expense Ratio Comparison
3110.HK has a 0.68% expense ratio, which is higher than ZPRG.DE's 0.45% expense ratio.
Dividends
3110.HK vs. ZPRG.DE - Dividend Comparison
3110.HK's dividend yield for the trailing twelve months is around 5.89%, more than ZPRG.DE's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3110.HK Global X Hang Seng High Dividend Yield ETF | 5.89% | 6.15% | 6.81% | 8.30% | 7.34% | 7.32% | 5.23% | 0.00% | 6.32% | 4.28% | 5.69% | 0.00% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.22% | 4.49% | 3.57% | 3.98% | 3.44% | 3.95% | 3.36% | 3.62% | 3.80% |
Frequently Asked Questions
3110.HK and ZPRG.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRG.DE is cheaper with a 0.45% expense ratio, compared with 0.68% for 3110.HK.
3110.HK is categorized as China Equities, while ZPRG.DE is Global Equity Income. 3110.HK tracks Hang Seng High Dividend Yield Index, while ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index. They also come from different issuers: Global X and State Street. Their fees differ too: 0.68% for 3110.HK and 0.45% for ZPRG.DE.
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