EL4E.DE vs. ZPRL.DE
EL4E.DE (Deka STOXX Europe Strong Style Composite 40 UCITS ETF) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - EL4E.DE tracks the STOXX Europe Strong Style Composite 40 Index while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, EL4E.DE returned 8.89%/yr vs 7.09%/yr for ZPRL.DE. A 0.72 correlation means they provide meaningful diversification when combined. EL4E.DE charges 0.66%/yr vs 0.30%/yr for ZPRL.DE.
Performance
EL4E.DE vs. ZPRL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EL4E.DE achieves a 6.79% return, which is significantly lower than ZPRL.DE's 9.51% return. Over the past 10 years, EL4E.DE has outperformed ZPRL.DE with an annualized return of 8.89%, while ZPRL.DE has yielded a comparatively lower 7.09% annualized return.
EL4E.DE
- 1D
- -0.17%
- 1M
- -0.50%
- 6M
- 0.99%
- YTD
- 6.79%
- 1Y
- 9.67%
- 3Y*
- 10.78%
- 5Y*
- 2.65%
- 10Y*
- 8.89%
ZPRL.DE
- 1D
- 0.21%
- 1M
- 1.30%
- 6M
- 8.75%
- YTD
- 9.51%
- 1Y
- 12.30%
- 3Y*
- 12.65%
- 5Y*
- 7.17%
- 10Y*
- 7.09%
EL4E.DE vs. ZPRL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 6.79% | 10.62% | 11.03% | 16.21% | -27.49% | 23.99% | 14.63% | 31.38% | -7.27% | 14.23% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 9.51% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | -5.26% | 22.07% | -8.17% | 15.38% |
Correlation
The correlation between EL4E.DE and ZPRL.DE is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Mar 24, 2014 | 0.72 |
Over the past year, the correlation between EL4E.DE and ZPRL.DE has dropped to 0.45 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
EL4E.DE vs. ZPRL.DE — Risk / Return Rank
EL4E.DE
ZPRL.DE
EL4E.DE vs. ZPRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) and SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.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.
| EL4E.DE | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.64 | ||
| Sortino ratioReturn per unit of downside risk | -0.78 | ||
| Omega ratioGain probability vs. loss probability | 1.12 | 1.23 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 0.85 | 1.58 | -0.73 |
| Martin ratioReturn relative to average drawdown | 2.36 | 4.60 | -2.24 |
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Drawdowns
EL4E.DE vs. ZPRL.DE - Drawdown Comparison
The maximum EL4E.DE drawdown since its inception was -50.61%, which is greater than ZPRL.DE's maximum drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for EL4E.DE and ZPRL.DE.
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Drawdown Indicators
| EL4E.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -50.61% | -35.34% | -15.27% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -7.74% | -5.25% |
Max Drawdown (3Y)Largest decline over 3 years | -22.95% | -9.36% | -13.59% |
Max Drawdown (5Y)Largest decline over 5 years | -40.69% | -23.37% | -17.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.69% | -35.34% | -5.35% |
Current DrawdownCurrent decline from peak | -3.49% | -0.58% | -2.91% |
Average DrawdownAverage peak-to-trough decline | -12.61% | -5.32% | -7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 2.67% | +2.04% |
Volatility
EL4E.DE vs. ZPRL.DE - Volatility Comparison
Deka STOXX Europe Strong Style Composite 40 UCITS ETF (EL4E.DE) has a higher volatility of 5.26% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.62%. This indicates that EL4E.DE's price experiences larger fluctuations and is considered to be riskier than ZPRL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EL4E.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.26% | 2.62% | +2.64% |
Volatility (6M)Calculated over the trailing 6-month period | 14.63% | 8.45% | +6.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.23% | 9.84% | +8.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.43% | 11.96% | +10.47% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.99% | 13.37% | +6.62% |
EL4E.DE vs. ZPRL.DE - Expense Ratio Comparison
EL4E.DE has a 0.66% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
EL4E.DE vs. ZPRL.DE - Dividend Comparison
EL4E.DE's dividend yield for the trailing twelve months is around 1.30%, while ZPRL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EL4E.DE Deka STOXX Europe Strong Style Composite 40 UCITS ETF | 1.30% | 0.93% | 1.28% | 0.60% | 2.51% | 0.23% | 0.95% | 1.28% | 1.02% | 0.23% | 2.62% | 1.99% |
ZPRL.DE SPDR EURO STOXX Low Volatility 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
EL4E.DE and ZPRL.DE have a correlation of 0.45, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRL.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRL.DE is cheaper with a 0.30% expense ratio, compared with 0.66% for EL4E.DE.
EL4E.DE tracks STOXX Europe Strong Style Composite 40 Index, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Deka and State Street. Their fees differ too: 0.66% for EL4E.DE and 0.30% for ZPRL.DE.
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