3190.HK vs. ZPRG.DE
3190.HK (Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF) and ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) are both exchange-traded funds - 3190.HK is a Dividend fund tracking the Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) 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 3 years, 3190.HK returned 25.98%/yr vs 14.60%/yr for ZPRG.DE. At a 0.21 correlation, their price movements are largely independent. 3190.HK charges 0.60%/yr vs 0.45%/yr for ZPRG.DE.
Performance
3190.HK vs. ZPRG.DE - Performance Comparison
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Different Trading Currencies
3190.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, 3190.HK achieves a 7.99% return, which is significantly higher than ZPRG.DE's 6.61% return.
3190.HK
- 1D
- -1.13%
- 1M
- -4.33%
- YTD
- 7.99%
- 6M
- 4.93%
- 1Y
- 27.32%
- 3Y*
- 25.98%
- 5Y*
- —
- 10Y*
- —
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%
3190.HK vs. ZPRG.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
3190.HK Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF | 7.99% | 39.96% | 34.75% | 12.15% | -1.45% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 6.61% | 18.79% | 6.14% | 6.75% | -2.84% |
Correlation
The correlation between 3190.HK and ZPRG.DE is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 11, 2022 | 0.21 |
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Return for Risk
3190.HK vs. ZPRG.DE — Risk / Return Rank
3190.HK
ZPRG.DE
3190.HK vs. ZPRG.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF (3190.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.
| 3190.HK | ZPRG.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.44 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.29 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.29 | 2.26 | +2.03 |
| Martin ratioReturn relative to average drawdown | 10.95 | 6.85 | +4.10 |
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
| 3190.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.06 | 1.62 | +0.44 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.40 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.27 | 0.38 | +0.89 |
Drawdowns
3190.HK vs. ZPRG.DE - Drawdown Comparison
The maximum 3190.HK drawdown since its inception was -17.31%, smaller than the maximum ZPRG.DE drawdown of -42.85%. Use the drawdown chart below to compare losses from any high point for 3190.HK and ZPRG.DE.
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Drawdown Indicators
| 3190.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.31% | -42.85% | +25.54% |
Max Drawdown (1Y)Largest decline over 1 year | -6.92% | -7.45% | +0.53% |
Max Drawdown (3Y)Largest decline over 3 years | -15.08% | -14.06% | -1.02% |
Max Drawdown (5Y)Largest decline over 5 years | — | -20.33% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.85% | — |
Current DrawdownCurrent decline from peak | -4.49% | -2.57% | -1.92% |
Average DrawdownAverage peak-to-trough decline | -5.26% | -6.26% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.46% | +0.22% |
Volatility
3190.HK vs. ZPRG.DE - Volatility Comparison
Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF (3190.HK) and SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) have volatilities of 3.28% and 3.21%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| 3190.HK | ZPRG.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.28% | 3.21% | +0.07% |
Volatility (6M)Calculated over the trailing 6-month period | 10.14% | 7.36% | +2.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.42% | 10.43% | +3.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.71% | 14.14% | +4.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.71% | 16.07% | +2.64% |
3190.HK vs. ZPRG.DE - Expense Ratio Comparison
3190.HK has a 0.60% expense ratio, which is higher than ZPRG.DE's 0.45% expense ratio.
Dividends
3190.HK vs. ZPRG.DE - Dividend Comparison
3190.HK's dividend yield for the trailing twelve months is around 6.02%, more than ZPRG.DE's 3.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3190.HK Fubon Shanghai-Shenzhen-Hong Kong High Dividend Yield ETF | 6.02% | 6.12% | 6.82% | 8.53% | 3.11% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 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
3190.HK and ZPRG.DE have a correlation of 0.19, 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 0.60% for 3190.HK.
3190.HK is categorized as Dividend, while ZPRG.DE is Global Equity Income. 3190.HK tracks Hang Seng Shanghai-Shenzhen-Hong Kong (Selected Corporations) High Dividend Yield Index, while ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index. They also come from different issuers: Fubon and State Street. Their fees differ too: 0.60% for 3190.HK and 0.45% for ZPRG.DE.
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