EUDV.L vs. ZPRE.DE
EUDV.L (SPDR® S&P Euro Dividend Aristocrats UCITS ETF) and ZPRE.DE (SPDR MSCI EMU UCITS ETF) are both Europe Equities funds from State Street - EUDV.L tracks the MSCI EMU NR EUR while ZPRE.DE tracks the MSCI EMU. Both are passively managed. Over the past 10 years, EUDV.L returned 7.85%/yr vs 11.05%/yr for ZPRE.DE. Their correlation of 0.84 suggests significant overlap in exposure. EUDV.L charges 0.30%/yr vs 0.18%/yr for ZPRE.DE.
Performance
EUDV.L vs. ZPRE.DE - Performance Comparison
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Different Trading Currencies
EUDV.L is traded in GBP, while ZPRE.DE is traded in EUR. To make them comparable, the ZPRE.DE values have been converted to GBP using the latest available exchange rates.
Returns By Period
In the year-to-date period, EUDV.L achieves a 4.50% return, which is significantly lower than ZPRE.DE's 8.19% return. Over the past 10 years, EUDV.L has underperformed ZPRE.DE with an annualized return of 7.85%, while ZPRE.DE has yielded a comparatively higher 11.05% annualized return.
EUDV.L
- 1D
- 0.21%
- 1M
- -0.08%
- YTD
- 4.50%
- 6M
- 6.32%
- 1Y
- 10.80%
- 3Y*
- 13.32%
- 5Y*
- 8.23%
- 10Y*
- 7.85%
ZPRE.DE
- 1D
- 0.72%
- 1M
- 4.91%
- YTD
- 8.19%
- 6M
- 9.81%
- 1Y
- 21.35%
- 3Y*
- 16.15%
- 5Y*
- 10.66%
- 10Y*
- 11.05%
EUDV.L vs. ZPRE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF | 4.50% | 25.91% | 3.63% | 15.58% | -5.76% | 7.13% | -6.89% | 15.79% | -7.00% | 14.97% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 8.19% | 30.84% | 4.71% | 16.33% | -7.03% | 13.32% | 4.90% | 20.52% | -11.59% | 18.05% |
Correlation
The correlation between EUDV.L and ZPRE.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.84 |
The correlation between EUDV.L and ZPRE.DE shifts across timeframes, from 0.66 (1 year) to 0.84 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
EUDV.L vs. ZPRE.DE — Risk / Return Rank
EUDV.L
ZPRE.DE
EUDV.L vs. ZPRE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) and SPDR MSCI EMU UCITS ETF (ZPRE.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.
| EUDV.L | ZPRE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.79 | ||
| Omega ratioGain probability vs. loss probability | 1.19 | 1.28 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.17 | 1.96 | -0.79 |
| Martin ratioReturn relative to average drawdown | 3.75 | 7.07 | -3.32 |
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
| EUDV.L | ZPRE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.00 | 1.50 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.65 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.65 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.55 | 0.55 | 0.00 |
Drawdowns
EUDV.L vs. ZPRE.DE - Drawdown Comparison
The maximum EUDV.L drawdown since its inception was -31.64%, roughly equal to the maximum ZPRE.DE drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for EUDV.L and ZPRE.DE.
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Drawdown Indicators
| EUDV.L | ZPRE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.64% | -30.36% | -1.28% |
Max Drawdown (1Y)Largest decline over 1 year | -9.19% | -10.83% | +1.64% |
Max Drawdown (3Y)Largest decline over 3 years | -9.82% | -13.67% | +3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.14% | -22.06% | -0.08% |
Max Drawdown (10Y)Largest decline over 10 years | -31.64% | -30.36% | -1.28% |
Current DrawdownCurrent decline from peak | -4.04% | -0.11% | -3.93% |
Average DrawdownAverage peak-to-trough decline | -5.25% | -5.04% | -0.21% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 3.01% | -0.14% |
Volatility
EUDV.L vs. ZPRE.DE - Volatility Comparison
The current volatility for SPDR® S&P Euro Dividend Aristocrats UCITS ETF (EUDV.L) is 2.61%, while SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a volatility of 4.44%. This indicates that EUDV.L experiences smaller price fluctuations and is considered to be less risky than ZPRE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EUDV.L | ZPRE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.61% | 4.44% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 8.97% | 11.88% | -2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.75% | 14.23% | -3.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.50% | 16.26% | -2.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.86% | 17.00% | -2.14% |
EUDV.L vs. ZPRE.DE - Expense Ratio Comparison
EUDV.L has a 0.30% expense ratio, which is higher than ZPRE.DE's 0.18% expense ratio.
Dividends
EUDV.L vs. ZPRE.DE - Dividend Comparison
EUDV.L's dividend yield for the trailing twelve months is around 3.62%, while ZPRE.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EUDV.L SPDR® S&P Euro Dividend Aristocrats UCITS ETF | 3.62% | 4.04% | 3.68% | 3.29% | 3.56% | 2.86% | 3.14% | 3.52% | 3.71% | 3.14% | 2.94% | 2.97% |
ZPRE.DE SPDR MSCI EMU 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
EUDV.L and ZPRE.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for EUDV.L.
EUDV.L tracks MSCI EMU NR EUR, while ZPRE.DE tracks MSCI EMU. Their fees differ too: 0.30% for EUDV.L and 0.18% for ZPRE.DE.
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