BATE.DE vs. ZPRX.DE
BATE.DE (Legal & General Battery Value-Chain UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - BATE.DE is a Lithium & Battery Metals fund tracking the Solactive Battery Value-Chain Index, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 5 years, BATE.DE returned 14.60%/yr vs 8.15%/yr for ZPRX.DE. A 0.68 correlation means they provide meaningful diversification when combined. BATE.DE charges 0.49%/yr vs 0.30%/yr for ZPRX.DE.
Performance
BATE.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, BATE.DE achieves a 20.81% return, which is significantly higher than ZPRX.DE's 6.94% return.
BATE.DE
- 1D
- -2.30%
- 1M
- -10.92%
- YTD
- 20.81%
- 6M
- 21.86%
- 1Y
- 101.45%
- 3Y*
- 20.29%
- 5Y*
- 14.60%
- 10Y*
- —
ZPRX.DE
- 1D
- 0.24%
- 1M
- -1.32%
- YTD
- 6.94%
- 6M
- 8.58%
- 1Y
- 17.51%
- 3Y*
- 15.83%
- 5Y*
- 8.15%
- 10Y*
- 9.71%
BATE.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
BATE.DE Legal & General Battery Value-Chain UCITS ETF | 20.81% | 54.92% | 4.47% | 5.32% | -9.11% | 25.96% | 63.27% | 21.00% | -14.01% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 6.94% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -15.59% |
Correlation
The correlation between BATE.DE and ZPRX.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 7, 2018 | 0.68 |
The correlation between BATE.DE and ZPRX.DE shifts across timeframes, from 0.57 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
BATE.DE vs. ZPRX.DE — Risk / Return Rank
BATE.DE
ZPRX.DE
BATE.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Legal & General Battery Value-Chain UCITS ETF (BATE.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.
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.
| BATE.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.93 | ||
| Omega ratioGain probability vs. loss probability | 1.49 | 1.23 | +0.26 |
| Calmar ratioReturn relative to maximum drawdown | 6.67 | 1.50 | +5.17 |
| Martin ratioReturn relative to average drawdown | 22.65 | 5.49 | +17.16 |
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Drawdowns
BATE.DE vs. ZPRX.DE - Drawdown Comparison
The maximum BATE.DE drawdown since its inception was -36.43%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for BATE.DE and ZPRX.DE.
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Drawdown Indicators
| BATE.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.43% | -43.93% | +7.50% |
Max Drawdown (1Y)Largest decline over 1 year | -15.12% | -11.63% | -3.49% |
Max Drawdown (3Y)Largest decline over 3 years | -34.05% | -15.95% | -18.10% |
Max Drawdown (5Y)Largest decline over 5 years | -34.05% | -27.52% | -6.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.93% | — |
Current DrawdownCurrent decline from peak | -13.66% | -2.30% | -11.36% |
Average DrawdownAverage peak-to-trough decline | -8.26% | -7.67% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.46% | 3.18% | +1.28% |
Volatility
BATE.DE vs. ZPRX.DE - Volatility Comparison
Legal & General Battery Value-Chain UCITS ETF (BATE.DE) has a higher volatility of 10.20% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 3.13%. This indicates that BATE.DE's price experiences larger fluctuations and is considered to be riskier 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
| BATE.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.20% | 3.13% | +7.07% |
Volatility (6M)Calculated over the trailing 6-month period | 24.43% | 11.49% | +12.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 30.65% | 13.97% | +16.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.62% | 16.71% | +6.91% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.57% | 17.77% | +5.80% |
BATE.DE vs. ZPRX.DE - Expense Ratio Comparison
BATE.DE has a 0.49% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.
Dividends
BATE.DE vs. ZPRX.DE - Dividend Comparison
Neither BATE.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
BATE.DE and ZPRX.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for BATE.DE.
BATE.DE is categorized as Lithium & Battery Metals, while ZPRX.DE is Europe Equities. BATE.DE tracks Solactive Battery Value-Chain Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.49% for BATE.DE and 0.30% for ZPRX.DE.
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