LDAX.DE vs. ZPRL.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 7.31%/yr for ZPRL.DE. A 0.77 correlation means they provide meaningful diversification when combined. LDAX.DE charges 0.15%/yr vs 0.30%/yr for ZPRL.DE.
Performance
LDAX.DE vs. ZPRL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, LDAX.DE achieves a 1.18% return, which is significantly lower than ZPRL.DE's 10.26% return.
LDAX.DE
- 1D
- 0.00%
- 1M
- -0.09%
- 6M
- -1.89%
- YTD
- 1.18%
- 1Y
- 1.71%
- 3Y*
- 15.01%
- 5Y*
- 9.29%
- 10Y*
- —
ZPRL.DE
- 1D
- 1.13%
- 1M
- 2.43%
- 6M
- 8.63%
- YTD
- 10.26%
- 1Y
- 12.71%
- 3Y*
- 13.05%
- 5Y*
- 7.31%
- 10Y*
- 7.17%
LDAX.DE vs. ZPRL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.18% | 22.70% | 18.08% | 19.61% | -12.89% | 15.29% | 8.40% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 10.26% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | 5.85% |
Correlation
The correlation between LDAX.DE and ZPRL.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.77 |
Over the past year, the correlation between LDAX.DE and ZPRL.DE has dropped to 0.48 - well below their long-term average of 0.77, suggesting their price drivers have been diverging.
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Return for Risk
LDAX.DE vs. ZPRL.DE — Risk / Return Rank
LDAX.DE
ZPRL.DE
LDAX.DE vs. ZPRL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Dax III UCITS ETF Dist (LDAX.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.
| LDAX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.18 | ||
| Sortino ratioReturn per unit of downside risk | -1.53 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.24 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 1.64 | -1.50 |
| Martin ratioReturn relative to average drawdown | 0.44 | 4.75 | -4.31 |
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Drawdowns
LDAX.DE vs. ZPRL.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum ZPRL.DE drawdown of -35.34%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and ZPRL.DE.
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Drawdown Indicators
| LDAX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -35.34% | +8.66% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -7.74% | -4.62% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -9.36% | -6.56% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -23.37% | -3.31% |
Max Drawdown (10Y)Largest decline over 10 years | — | -35.34% | — |
Current DrawdownCurrent decline from peak | -3.53% | 0.00% | -3.53% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -5.32% | +0.53% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.67% | +1.26% |
Volatility
LDAX.DE vs. ZPRL.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) at 2.78%. This indicates that LDAX.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
| LDAX.DE | ZPRL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 2.78% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 8.49% | +5.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 9.87% | +6.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 11.97% | +5.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 13.38% | +3.98% |
LDAX.DE vs. ZPRL.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than ZPRL.DE's 0.30% expense ratio.
Dividends
LDAX.DE vs. ZPRL.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while ZPRL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
LDAX.DE Amundi Dax III UCITS ETF Dist | 1.93% | 1.95% | 2.31% | 2.73% | 3.32% | 2.73% | 0.39% |
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAX.DE and ZPRL.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, LDAX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
LDAX.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRL.DE.
LDAX.DE tracks DAX®, while ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.15% for LDAX.DE and 0.30% for ZPRL.DE.
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