IQQU.DE vs. ZPRW.DE
IQQU.DE (iShares MSCI Europe ex-UK UCITS ETF) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - IQQU.DE tracks the MSCI Europe ex UK while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 10 years, IQQU.DE returned 9.38%/yr vs 10.74%/yr for ZPRW.DE. A 0.78 correlation means they provide meaningful diversification when combined. IQQU.DE charges 0.40%/yr vs 0.20%/yr for ZPRW.DE.
Performance
IQQU.DE vs. ZPRW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IQQU.DE achieves a 7.54% return, which is significantly lower than ZPRW.DE's 11.85% return. Over the past 10 years, IQQU.DE has underperformed ZPRW.DE with an annualized return of 9.38%, while ZPRW.DE has yielded a comparatively higher 10.74% annualized return.
IQQU.DE
- 1D
- 0.78%
- 1M
- 1.64%
- YTD
- 7.54%
- 6M
- 9.86%
- 1Y
- 15.14%
- 3Y*
- 13.15%
- 5Y*
- 9.03%
- 10Y*
- 9.38%
ZPRW.DE
- 1D
- 0.72%
- 1M
- 1.75%
- YTD
- 11.85%
- 6M
- 15.17%
- 1Y
- 30.32%
- 3Y*
- 20.72%
- 5Y*
- 13.99%
- 10Y*
- 10.74%
IQQU.DE vs. ZPRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 7.54% | 20.11% | 6.36% | 17.27% | -12.23% | 24.46% | 1.53% | 28.71% | -11.38% | 11.87% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.65% | 23.73% | -14.98% | 10.96% |
Correlation
The correlation between IQQU.DE and ZPRW.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.78 |
The correlation between IQQU.DE and ZPRW.DE shifts across timeframes, from 0.74 (10 years) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
IQQU.DE vs. ZPRW.DE — Risk / Return Rank
IQQU.DE
ZPRW.DE
IQQU.DE vs. ZPRW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.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.
| IQQU.DE | ZPRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.54 | 3.33 | -1.79 |
| Martin ratioReturn relative to average drawdown | 5.62 | 12.39 | -6.77 |
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
| IQQU.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.13 | 2.28 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.60 | 0.93 | -0.33 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.59 | 0.61 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.29 | 0.45 | -0.17 |
Drawdowns
IQQU.DE vs. ZPRW.DE - Drawdown Comparison
The maximum IQQU.DE drawdown since its inception was -59.97%, which is greater than ZPRW.DE's maximum drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for IQQU.DE and ZPRW.DE.
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Drawdown Indicators
| IQQU.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -59.97% | -39.54% | -20.43% |
Max Drawdown (1Y)Largest decline over 1 year | -9.97% | -9.27% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -16.34% | -17.04% | +0.70% |
Max Drawdown (5Y)Largest decline over 5 years | -22.54% | -18.41% | -4.13% |
Max Drawdown (10Y)Largest decline over 10 years | -34.61% | -39.54% | +4.93% |
Current DrawdownCurrent decline from peak | -1.21% | -1.75% | +0.54% |
Average DrawdownAverage peak-to-trough decline | -15.28% | -6.92% | -8.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.73% | 2.50% | +0.23% |
Volatility
IQQU.DE vs. ZPRW.DE - Volatility Comparison
iShares MSCI Europe ex-UK UCITS ETF (IQQU.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) have volatilities of 4.32% and 4.40%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IQQU.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.32% | 4.40% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 10.84% | +0.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.59% | 13.53% | +0.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.91% | 14.89% | +0.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.69% | 17.54% | -1.85% |
IQQU.DE vs. ZPRW.DE - Expense Ratio Comparison
IQQU.DE has a 0.40% expense ratio, which is higher than ZPRW.DE's 0.20% expense ratio.
Dividends
IQQU.DE vs. ZPRW.DE - Dividend Comparison
IQQU.DE's dividend yield for the trailing twelve months is around 1.98%, while ZPRW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQU.DE iShares MSCI Europe ex-UK UCITS ETF | 1.98% | 2.16% | 2.38% | 2.36% | 2.33% | 1.62% | 1.43% | 2.31% | 2.67% | 2.26% | 2.31% | 2.14% |
ZPRW.DE SPDR MSCI Europe Value 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
IQQU.DE and ZPRW.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.40% for IQQU.DE.
IQQU.DE tracks MSCI Europe ex UK, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for IQQU.DE and 0.20% for ZPRW.DE.
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