L8I3.DE vs. ZPRM.DE
L8I3.DE (Amundi EUR Overnight Return UCITS ETF (Acc)) and ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) are both Money Market funds - L8I3.DE tracks the Solactive EUR Overnight Return Index while ZPRM.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged). Both are passively managed. Over the past 5 years, L8I3.DE returned 1.94%/yr vs 12.97%/yr for ZPRM.DE. At a correlation of -0.01, they often move in opposite directions. L8I3.DE charges 0.10%/yr vs 0.05%/yr for ZPRM.DE.
Performance
L8I3.DE vs. ZPRM.DE - Performance Comparison
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Different Trading Currencies
L8I3.DE is traded in EUR, while ZPRM.DE is traded in USD. To make them comparable, the ZPRM.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, L8I3.DE achieves a 1.12% return, which is significantly lower than ZPRM.DE's 9.17% return.
L8I3.DE
- 1D
- 0.01%
- 1M
- 0.20%
- 6M
- 1.01%
- YTD
- 1.12%
- 1Y
- 1.98%
- 3Y*
- 2.92%
- 5Y*
- 1.94%
- 10Y*
- 0.68%
ZPRM.DE
- 1D
- -0.41%
- 1M
- -0.85%
- 6M
- 5.81%
- YTD
- 9.17%
- 1Y
- 16.59%
- 3Y*
- 7.70%
- 5Y*
- 12.97%
- 10Y*
- —
L8I3.DE vs. ZPRM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
L8I3.DE Amundi EUR Overnight Return UCITS ETF (Acc) | 1.12% | 2.21% | 3.69% | 3.17% | -0.11% | -0.69% | -0.68% | -0.30% |
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 9.17% | 9.28% | -1.25% | 25.81% | 20.17% | 10.13% | -9.18% | 14.71% |
Correlation
The correlation between L8I3.DE and ZPRM.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | -0.01 |
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Return for Risk
L8I3.DE vs. ZPRM.DE — Risk / Return Rank
L8I3.DE
ZPRM.DE
L8I3.DE vs. ZPRM.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) and State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.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.
| L8I3.DE | ZPRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +4.15 | ||
| Sortino ratioReturn per unit of downside risk | +10.50 | ||
| Omega ratioGain probability vs. loss probability | 2.80 | 1.42 | +1.39 |
| Calmar ratioReturn relative to maximum drawdown | 44.76 | 6.60 | +38.16 |
| Martin ratioReturn relative to average drawdown | 174.84 | 21.06 | +153.78 |
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Drawdowns
L8I3.DE vs. ZPRM.DE - Drawdown Comparison
The maximum L8I3.DE drawdown since its inception was -3.92%, smaller than the maximum ZPRM.DE drawdown of -27.92%. Use the drawdown chart below to compare losses from any high point for L8I3.DE and ZPRM.DE.
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Drawdown Indicators
| L8I3.DE | ZPRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -3.92% | -27.92% | +24.00% |
Max Drawdown (1Y)Largest decline over 1 year | -0.04% | -2.50% | +2.46% |
Max Drawdown (3Y)Largest decline over 3 years | -0.07% | -16.86% | +16.79% |
Max Drawdown (5Y)Largest decline over 5 years | -0.75% | -16.86% | +16.11% |
Max Drawdown (10Y)Largest decline over 10 years | -3.57% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.85% | +0.85% |
Average DrawdownAverage peak-to-trough decline | -0.89% | -6.41% | +5.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.01% | 0.78% | -0.77% |
Volatility
L8I3.DE vs. ZPRM.DE - Volatility Comparison
The current volatility for Amundi EUR Overnight Return UCITS ETF (Acc) (L8I3.DE) is 0.08%, while State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has a volatility of 1.94%. This indicates that L8I3.DE experiences smaller price fluctuations and is considered to be less risky than ZPRM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| L8I3.DE | ZPRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.08% | 1.94% | -1.86% |
Volatility (6M)Calculated over the trailing 6-month period | 0.21% | 6.07% | -5.86% |
Volatility (1Y)Calculated over the trailing 1-year period | 0.32% | 7.86% | -7.54% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.26% | 10.78% | -10.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 0.21% | 13.86% | -13.65% |
L8I3.DE vs. ZPRM.DE - Expense Ratio Comparison
L8I3.DE has a 0.10% expense ratio, which is higher than ZPRM.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
L8I3.DE vs. ZPRM.DE - Dividend Comparison
Neither L8I3.DE nor ZPRM.DE has paid dividends to shareholders.
Frequently Asked Questions
L8I3.DE and ZPRM.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRM.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRM.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for L8I3.DE.
L8I3.DE tracks Solactive EUR Overnight Return Index, while ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged). They also come from different issuers: Amundi and State Street. Their fees differ too: 0.10% for L8I3.DE and 0.05% for ZPRM.DE.
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