EL4B.DE vs. ZPRW.DE
EL4B.DE (Deka EURO STOXX 50 UCITS ETF) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - EL4B.DE tracks the EURO STOXX® 50 while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 10 years, EL4B.DE returned 10.43%/yr vs 10.74%/yr for ZPRW.DE. A 0.77 correlation means they provide meaningful diversification when combined. EL4B.DE charges 0.15%/yr vs 0.20%/yr for ZPRW.DE.
Performance
EL4B.DE vs. ZPRW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4B.DE achieves a 7.06% return, which is significantly lower than ZPRW.DE's 11.85% return. Both investments have delivered pretty close results over the past 10 years, with EL4B.DE having a 10.43% annualized return and ZPRW.DE not far ahead at 10.74%.
EL4B.DE
- 1D
- 0.71%
- 1M
- 1.73%
- YTD
- 7.06%
- 6M
- 8.43%
- 1Y
- 15.56%
- 3Y*
- 15.51%
- 5Y*
- 11.39%
- 10Y*
- 10.43%
ZPRW.DE
- 1D
- 0.72%
- 1M
- 1.75%
- YTD
- 11.85%
- 6M
- 15.17%
- 1Y
- 30.32%
- 3Y*
- 20.72%
- 5Y*
- 13.99%
- 10Y*
- 10.74%
EL4B.DE vs. ZPRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4B.DE Deka EURO STOXX 50 UCITS ETF | 7.06% | 22.15% | 10.94% | 22.39% | -8.81% | 23.20% | -3.07% | 29.97% | -11.84% | 10.41% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.65% | 23.73% | -14.98% | 10.96% |
Correlation
The correlation between EL4B.DE and ZPRW.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.77 |
The correlation between EL4B.DE and ZPRW.DE shifts across timeframes, from 0.74 (10 years) to 0.85 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EL4B.DE vs. ZPRW.DE — Risk / Return Rank
EL4B.DE
ZPRW.DE
EL4B.DE vs. ZPRW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka EURO STOXX 50 UCITS ETF (EL4B.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.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.
| EL4B.DE | ZPRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.30 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.18 | 1.41 | -0.23 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 3.33 | -1.91 |
| Martin ratioReturn relative to average drawdown | 4.84 | 12.39 | -7.55 |
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
| EL4B.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.98 | 2.28 | -1.30 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.65 | 0.93 | -0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.61 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.45 | -0.15 |
Drawdowns
EL4B.DE vs. ZPRW.DE - Drawdown Comparison
The maximum EL4B.DE drawdown since its inception was -52.03%, which is greater than ZPRW.DE's maximum drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for EL4B.DE and ZPRW.DE.
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Drawdown Indicators
| EL4B.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -52.03% | -39.54% | -12.49% |
Max Drawdown (1Y)Largest decline over 1 year | -10.98% | -9.27% | -1.71% |
Max Drawdown (3Y)Largest decline over 3 years | -16.47% | -17.04% | +0.57% |
Max Drawdown (5Y)Largest decline over 5 years | -23.30% | -18.41% | -4.89% |
Max Drawdown (10Y)Largest decline over 10 years | -38.24% | -39.54% | +1.30% |
Current DrawdownCurrent decline from peak | -0.68% | -1.75% | +1.07% |
Average DrawdownAverage peak-to-trough decline | -11.30% | -6.92% | -4.38% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.23% | 2.50% | +0.73% |
Volatility
EL4B.DE vs. ZPRW.DE - Volatility Comparison
Deka EURO STOXX 50 UCITS ETF (EL4B.DE) has a higher volatility of 4.94% compared to SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) at 4.40%. This indicates that EL4B.DE's price experiences larger fluctuations and is considered to be riskier than ZPRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4B.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 4.40% | +0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 12.91% | 10.84% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 13.53% | +2.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.43% | 14.89% | +2.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.13% | 17.54% | +0.59% |
EL4B.DE vs. ZPRW.DE - Expense Ratio Comparison
EL4B.DE has a 0.15% expense ratio, which is lower than ZPRW.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
EL4B.DE vs. ZPRW.DE - Dividend Comparison
EL4B.DE's dividend yield for the trailing twelve months is around 2.19%, while ZPRW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4B.DE Deka EURO STOXX 50 UCITS ETF | 2.19% | 2.36% | 2.77% | 2.77% | 2.85% | 2.22% | 2.06% | 3.04% | 4.02% | 3.31% | 3.23% | 3.34% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EL4B.DE and ZPRW.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EL4B.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EL4B.DE is cheaper with a 0.15% expense ratio, compared with 0.20% for ZPRW.DE.
EL4B.DE tracks EURO STOXX® 50, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: Deka and State Street. Their fees differ too: 0.15% for EL4B.DE and 0.20% for ZPRW.DE.
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