ENDH.DE vs. ZPR6.DE
ENDH.DE (L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds - ENDH.DE tracks the J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged) while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 3 years, ENDH.DE returned 6.26%/yr vs 4.05%/yr for ZPR6.DE. A 0.78 correlation means they provide meaningful diversification when combined. ENDH.DE charges 0.28%/yr vs 0.47%/yr for ZPR6.DE.
Performance
ENDH.DE vs. ZPR6.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ENDH.DE achieves a -0.08% return, which is significantly lower than ZPR6.DE's 0.15% return.
ENDH.DE
- 1D
- 0.37%
- 1M
- -1.14%
- YTD
- -0.08%
- 6M
- 0.41%
- 1Y
- 3.85%
- 3Y*
- 6.26%
- 5Y*
- —
- 10Y*
- —
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
ENDH.DE vs. ZPR6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ENDH.DE L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc | -0.08% | 7.89% | 6.59% | 5.41% | -2.17% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -1.20% |
Correlation
The correlation between ENDH.DE and ZPR6.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since May 12, 2022 | 0.78 |
The correlation between ENDH.DE and ZPR6.DE has been stable across timeframes, ranging from 0.74 to 0.78 - a consistent structural relationship.
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Return for Risk
ENDH.DE vs. ZPR6.DE — Risk / Return Rank
ENDH.DE
ZPR6.DE
ENDH.DE vs. ZPR6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) and SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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.
| ENDH.DE | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.59 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.25 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.73 | 1.74 | -0.01 |
| Martin ratioReturn relative to average drawdown | 6.28 | 7.22 | -0.94 |
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
| ENDH.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.26 | -0.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.05 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.86 | 0.07 | +0.80 |
Drawdowns
ENDH.DE vs. ZPR6.DE - Drawdown Comparison
The maximum ENDH.DE drawdown since its inception was -6.78%, smaller than the maximum ZPR6.DE drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for ENDH.DE and ZPR6.DE.
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Drawdown Indicators
| ENDH.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -6.78% | -13.50% | +6.72% |
Max Drawdown (1Y)Largest decline over 1 year | -2.21% | -1.80% | -0.41% |
Max Drawdown (3Y)Largest decline over 3 years | -2.71% | -1.80% | -0.91% |
Max Drawdown (5Y)Largest decline over 5 years | — | -13.50% | — |
Current DrawdownCurrent decline from peak | -1.33% | -0.37% | -0.96% |
Average DrawdownAverage peak-to-trough decline | -1.11% | -4.62% | +3.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.61% | 0.43% | +0.18% |
Volatility
ENDH.DE vs. ZPR6.DE - Volatility Comparison
L&G ESG Emerging Markets Government Bond (USD) 0-5 Year UCITS ETF (EUR Hedged) Acc (ENDH.DE) has a higher volatility of 2.69% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that ENDH.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ENDH.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.69% | 0.61% | +2.08% |
Volatility (6M)Calculated over the trailing 6-month period | 3.74% | 2.11% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.17% | 2.48% | +1.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.89% | 4.41% | +0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.89% | 5.13% | -0.24% |
ENDH.DE vs. ZPR6.DE - Expense Ratio Comparison
ENDH.DE has a 0.28% expense ratio, which is lower than ZPR6.DE's 0.47% expense ratio.
Dividends
ENDH.DE vs. ZPR6.DE - Dividend Comparison
Neither ENDH.DE nor ZPR6.DE has paid dividends to shareholders.
Frequently Asked Questions
ENDH.DE and ZPR6.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ENDH.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ENDH.DE is cheaper with a 0.28% expense ratio, compared with 0.47% for ZPR6.DE.
ENDH.DE tracks J.P. Morgan ESG EMBI Global Diversified Short-Term Custom Maturity (EUR Hedged), while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). They also come from different issuers: Legal & General and State Street. Their fees differ too: 0.28% for ENDH.DE and 0.47% for ZPR6.DE.
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