EXS3.DE vs. ZPRL.DE
EXS3.DE (iShares MDAX UCITS ETF (DE)) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - EXS3.DE tracks the MDAX® while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 10 years, EXS3.DE returned 4.04%/yr vs 6.55%/yr for ZPRL.DE. Their correlation of 0.80 suggests significant overlap in exposure. EXS3.DE charges 0.51%/yr vs 0.30%/yr for ZPRL.DE.
Performance
EXS3.DE vs. ZPRL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXS3.DE achieves a 6.43% return, which is significantly higher than ZPRL.DE's 5.19% return. Over the past 10 years, EXS3.DE has underperformed ZPRL.DE with an annualized return of 4.04%, while ZPRL.DE has yielded a comparatively higher 6.55% annualized return.
EXS3.DE
- 1D
- 0.21%
- 1M
- 5.13%
- YTD
- 6.43%
- 6M
- 10.24%
- 1Y
- 4.92%
- 3Y*
- 6.03%
- 5Y*
- -1.18%
- 10Y*
- 4.04%
ZPRL.DE
- 1D
- 0.22%
- 1M
- -0.23%
- YTD
- 5.19%
- 6M
- 6.78%
- 1Y
- 5.74%
- 3Y*
- 11.19%
- 5Y*
- 7.05%
- 10Y*
- 6.55%
EXS3.DE vs. ZPRL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 6.43% | 19.10% | -6.45% | 7.92% | -29.11% | 13.18% | 8.17% | 30.28% | -18.39% | 17.41% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 5.19% | 18.48% | 7.41% | 12.34% | -14.65% | 17.34% | -5.25% | 22.05% | -8.17% | 15.38% |
Correlation
The correlation between EXS3.DE and ZPRL.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014 | 0.80 |
Over the past year, the correlation between EXS3.DE and ZPRL.DE has dropped to 0.57 - well below their long-term average of 0.80, suggesting their price drivers have been diverging.
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Return for Risk
EXS3.DE vs. ZPRL.DE — Risk / Return Rank
EXS3.DE
ZPRL.DE
EXS3.DE vs. ZPRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MDAX UCITS ETF (DE) (EXS3.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.
| EXS3.DE | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.06 | 1.11 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 0.34 | 0.72 | -0.38 |
| Martin ratioReturn relative to average drawdown | 0.91 | 2.02 | -1.11 |
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
| EXS3.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.26 | 0.62 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.06 | 0.59 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.22 | 0.48 | -0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.36 | 0.53 | -0.18 |
Drawdowns
EXS3.DE vs. ZPRL.DE - Drawdown Comparison
The maximum EXS3.DE drawdown since its inception was -63.82%, which is greater than ZPRL.DE's maximum drawdown of -35.35%. Use the drawdown chart below to compare losses from any high point for EXS3.DE and ZPRL.DE.
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Drawdown Indicators
| EXS3.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -63.82% | -35.35% | -28.47% |
Max Drawdown (1Y)Largest decline over 1 year | -14.57% | -7.97% | -6.60% |
Max Drawdown (3Y)Largest decline over 3 years | -18.67% | -9.37% | -9.30% |
Max Drawdown (5Y)Largest decline over 5 years | -40.31% | -23.37% | -16.94% |
Max Drawdown (10Y)Largest decline over 10 years | -40.31% | -35.35% | -4.96% |
Current DrawdownCurrent decline from peak | -12.23% | -3.70% | -8.53% |
Average DrawdownAverage peak-to-trough decline | -14.02% | -5.39% | -8.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.35% | 2.84% | +2.51% |
Volatility
EXS3.DE vs. ZPRL.DE - Volatility Comparison
iShares MDAX UCITS ETF (DE) (EXS3.DE) has a higher volatility of 4.94% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.90%. This indicates that EXS3.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
| EXS3.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.94% | 2.90% | +2.04% |
Volatility (6M)Calculated over the trailing 6-month period | 15.18% | 7.65% | +7.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.54% | 9.22% | +9.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.35% | 11.89% | +7.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.37% | 13.60% | +4.77% |
EXS3.DE vs. ZPRL.DE - Expense Ratio Comparison
EXS3.DE has a 0.51% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
EXS3.DE vs. ZPRL.DE - Dividend Comparison
Neither EXS3.DE nor ZPRL.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS3.DE iShares MDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.41% | 0.49% | 0.53% | 0.49% |
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
EXS3.DE and ZPRL.DE have a correlation of 0.57, 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 0.51% for EXS3.DE.
EXS3.DE tracks MDAX®, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: iShares and State Street. Their fees differ too: 0.51% for EXS3.DE and 0.30% for ZPRL.DE.
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