EXI5.DE vs. ZPRP.DE
EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) and ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) are both REIT funds - EXI5.DE tracks the STOXX® Europe 600 Real Estate while ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK. Both are passively managed. Over the past 10 years, EXI5.DE returned -1.04%/yr vs 0.99%/yr for ZPRP.DE. Their correlation of 0.95 suggests significant overlap in exposure. EXI5.DE charges 0.46%/yr vs 0.30%/yr for ZPRP.DE.
Performance
EXI5.DE vs. ZPRP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXI5.DE achieves a -0.40% return, which is significantly higher than ZPRP.DE's -0.81% return. Over the past 10 years, EXI5.DE has underperformed ZPRP.DE with an annualized return of -1.04%, while ZPRP.DE has yielded a comparatively higher 0.99% annualized return.
EXI5.DE
- 1D
- 0.83%
- 1M
- -2.70%
- YTD
- -0.40%
- 6M
- 0.52%
- 1Y
- -4.69%
- 3Y*
- 6.81%
- 5Y*
- -4.96%
- 10Y*
- -1.04%
ZPRP.DE
- 1D
- 0.56%
- 1M
- -1.34%
- YTD
- -0.81%
- 6M
- -0.50%
- 1Y
- -2.34%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
EXI5.DE vs. ZPRP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | -0.40% | 3.76% | -4.15% | 17.26% | -37.90% | 16.10% | -8.71% | 27.58% | -10.93% | 10.25% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 26.91% | -5.98% | 14.94% |
Correlation
The correlation between EXI5.DE and ZPRP.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.95 |
The correlation between EXI5.DE and ZPRP.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
EXI5.DE vs. ZPRP.DE — Risk / Return Rank
EXI5.DE
ZPRP.DE
EXI5.DE vs. ZPRP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) and SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.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.
| EXI5.DE | ZPRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.96 | 0.99 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.32 | -0.15 | -0.17 |
| Martin ratioReturn relative to average drawdown | -0.75 | -0.41 | -0.34 |
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
| EXI5.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | -0.15 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.22 | -0.19 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.05 | 0.05 | -0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.02 | 0.08 | -0.10 |
Drawdowns
EXI5.DE vs. ZPRP.DE - Drawdown Comparison
The maximum EXI5.DE drawdown since its inception was -77.04%, which is greater than ZPRP.DE's maximum drawdown of -48.69%. Use the drawdown chart below to compare losses from any high point for EXI5.DE and ZPRP.DE.
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Drawdown Indicators
| EXI5.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -77.04% | -48.69% | -28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.30% | -15.29% | -0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -21.03% | -19.80% | -1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -48.08% | -48.69% | +0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -48.08% | -48.69% | +0.61% |
Current DrawdownCurrent decline from peak | -29.97% | -26.29% | -3.68% |
Average DrawdownAverage peak-to-trough decline | -30.50% | -16.81% | -13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 6.50% | 5.75% | +0.75% |
Volatility
EXI5.DE vs. ZPRP.DE - Volatility Comparison
The current volatility for iShares STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) is 4.75%, while SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a volatility of 5.34%. This indicates that EXI5.DE experiences smaller price fluctuations and is considered to be less risky than ZPRP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXI5.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 5.34% | -0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.25% | 13.00% | +0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.90% | 15.30% | +0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.21% | 22.12% | +0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.28% | 19.77% | +0.51% |
EXI5.DE vs. ZPRP.DE - Expense Ratio Comparison
EXI5.DE has a 0.46% expense ratio, which is higher than ZPRP.DE's 0.30% expense ratio.
Dividends
EXI5.DE vs. ZPRP.DE - Dividend Comparison
EXI5.DE's dividend yield for the trailing twelve months is around 2.13%, while ZPRP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 2.13% | 2.02% | 1.82% | 2.05% | 2.19% | 0.93% | 1.30% | 2.10% | 2.15% | 3.10% | 2.80% | 2.65% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate 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
With a correlation of 0.94, EXI5.DE and ZPRP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPRP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE is cheaper with a 0.30% expense ratio, compared with 0.46% for EXI5.DE.
EXI5.DE tracks STOXX® Europe 600 Real Estate, while ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK. They also come from different issuers: iShares and State Street. Their fees differ too: 0.46% for EXI5.DE and 0.30% for ZPRP.DE.
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