LDAX.DE vs. ZPRW.DE
LDAX.DE (Amundi Dax III UCITS ETF Dist) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - LDAX.DE tracks the DAX® while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 5 years, LDAX.DE returned 9.29%/yr vs 14.91%/yr for ZPRW.DE. Their correlation of 0.83 suggests significant overlap in exposure. LDAX.DE charges 0.15%/yr vs 0.20%/yr for ZPRW.DE.
Performance
LDAX.DE vs. ZPRW.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 ZPRW.DE's 14.94% 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*
- —
ZPRW.DE
- 1D
- -0.40%
- 1M
- 1.29%
- 6M
- 11.98%
- YTD
- 14.94%
- 1Y
- 32.77%
- 3Y*
- 20.81%
- 5Y*
- 14.91%
- 10Y*
- 11.23%
LDAX.DE vs. ZPRW.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% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.94% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | 12.30% |
Correlation
The correlation between LDAX.DE and ZPRW.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.79 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jul 15, 2020 | 0.83 |
The correlation between LDAX.DE and ZPRW.DE has been stable across timeframes, ranging from 0.76 to 0.83 - a consistent structural relationship.
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Return for Risk
LDAX.DE vs. ZPRW.DE — Risk / Return Rank
LDAX.DE
ZPRW.DE
LDAX.DE vs. ZPRW.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 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.
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 | ZPRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.28 | ||
| Sortino ratioReturn per unit of downside risk | -3.04 | ||
| Omega ratioGain probability vs. loss probability | 1.03 | 1.44 | -0.40 |
| Calmar ratioReturn relative to maximum drawdown | 0.14 | 3.52 | -3.38 |
| Martin ratioReturn relative to average drawdown | 0.44 | 13.12 | -12.68 |
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Drawdowns
LDAX.DE vs. ZPRW.DE - Drawdown Comparison
The maximum LDAX.DE drawdown since its inception was -26.68%, smaller than the maximum ZPRW.DE drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for LDAX.DE and ZPRW.DE.
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Drawdown Indicators
| LDAX.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.68% | -39.52% | +12.84% |
Max Drawdown (1Y)Largest decline over 1 year | -12.36% | -9.27% | -3.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.92% | -17.03% | +1.11% |
Max Drawdown (5Y)Largest decline over 5 years | -26.68% | -18.41% | -8.27% |
Max Drawdown (10Y)Largest decline over 10 years | — | -39.52% | — |
Current DrawdownCurrent decline from peak | -3.53% | -0.46% | -3.07% |
Average DrawdownAverage peak-to-trough decline | -4.79% | -6.98% | +2.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.93% | 2.49% | +1.44% |
Volatility
LDAX.DE vs. ZPRW.DE - Volatility Comparison
Amundi Dax III UCITS ETF Dist (LDAX.DE) has a higher volatility of 4.62% compared to SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) at 3.73%. This indicates that LDAX.DE's price experiences larger fluctuations and is considered to be riskier than ZPRW.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 | ZPRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.73% | +0.89% |
Volatility (6M)Calculated over the trailing 6-month period | 13.61% | 11.44% | +2.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.26% | 13.69% | +2.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.23% | 14.88% | +2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 16.70% | +0.66% |
LDAX.DE vs. ZPRW.DE - Expense Ratio Comparison
LDAX.DE has a 0.15% expense ratio, which is lower than ZPRW.DE's 0.20% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
LDAX.DE vs. ZPRW.DE - Dividend Comparison
LDAX.DE's dividend yield for the trailing twelve months is around 1.93%, while ZPRW.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% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
LDAX.DE and ZPRW.DE have a correlation of 0.76, 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 0.20% for ZPRW.DE.
LDAX.DE tracks DAX®, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.15% for LDAX.DE and 0.20% for ZPRW.DE.
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