GRX.DE vs. ZPRL.DE
GRX.DE (Expat Greece ASE UCITS ETF) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - GRX.DE tracks the FTSE ATHEX Composite Index while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 5 years, GRX.DE returned 19.18%/yr vs 7.17%/yr for ZPRL.DE. At a 0.37 correlation, their price movements are largely independent. GRX.DE charges 1.38%/yr vs 0.30%/yr for ZPRL.DE.
Performance
GRX.DE vs. ZPRL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GRX.DE achieves a 17.31% return, which is significantly higher than ZPRL.DE's 9.51% return.
GRX.DE
- 1D
- -0.34%
- 1M
- 1.13%
- 6M
- 10.97%
- YTD
- 17.31%
- 1Y
- 26.73%
- 3Y*
- 22.75%
- 5Y*
- 19.18%
- 10Y*
- —
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%
GRX.DE vs. ZPRL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
GRX.DE Expat Greece ASE UCITS ETF | 17.31% | 44.63% | 13.08% | 38.74% | -12.12% | 9.54% | -18.16% | 38.85% | -28.42% |
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% | -7.12% |
Correlation
The correlation between GRX.DE and ZPRL.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Mar 19, 2018 | 0.37 |
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GRX.DE vs. ZPRL.DE — Risk / Return Rank
GRX.DE
ZPRL.DE
GRX.DE vs. ZPRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Expat Greece ASE UCITS ETF (GRX.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.
| GRX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.23 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.56 | 1.58 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.59 | 4.60 | 0.00 |
Loading charts...
Drawdowns
GRX.DE vs. ZPRL.DE - Drawdown Comparison
The maximum GRX.DE drawdown since its inception was -44.54%, 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 GRX.DE and ZPRL.DE.
Loading charts...
Drawdown Indicators
| GRX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.54% | -35.34% | -9.20% |
Max Drawdown (1Y)Largest decline over 1 year | -17.09% | -7.74% | -9.35% |
Max Drawdown (3Y)Largest decline over 3 years | -18.19% | -9.36% | -8.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.66% | -23.37% | -4.29% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.34% | — |
Current DrawdownCurrent decline from peak | -2.70% | -0.58% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -12.60% | -5.32% | -7.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.80% | 2.67% | +3.13% |
Volatility
GRX.DE vs. ZPRL.DE - Volatility Comparison
Expat Greece ASE UCITS ETF (GRX.DE) has a higher volatility of 4.20% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.62%. This indicates that GRX.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.
Loading charts...
Volatility by Period
| GRX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.20% | 2.62% | +1.58% |
Volatility (6M)Calculated over the trailing 6-month period | 17.17% | 8.45% | +8.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.40% | 9.84% | +10.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.26% | 11.96% | +8.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.53% | 13.37% | +8.16% |
GRX.DE vs. ZPRL.DE - Expense Ratio Comparison
GRX.DE has a 1.38% expense ratio, which is higher than ZPRL.DE's 0.30% expense ratio.
Dividends
GRX.DE vs. ZPRL.DE - Dividend Comparison
Neither GRX.DE nor ZPRL.DE has paid dividends to shareholders.
Frequently Asked Questions
GRX.DE and ZPRL.DE have a correlation of 0.33, 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 1.38% for GRX.DE.
GRX.DE tracks FTSE ATHEX Composite Index, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Expat and State Street. Their fees differ too: 1.38% for GRX.DE and 0.30% for ZPRL.DE.
Find the right allocation for GRX.DE and ZPRL.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer