SPFD.DE vs. ZPR6.DE
SPFD.DE (State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc)) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds from State Street - SPFD.DE tracks the Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged) while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, SPFD.DE returned -1.83%/yr vs 0.23%/yr for ZPR6.DE. At a 0.48 correlation, their price movements are largely independent. SPFD.DE charges 0.60%/yr vs 0.47%/yr for ZPR6.DE.
Performance
SPFD.DE vs. ZPR6.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPFD.DE achieves a -1.76% return, which is significantly lower than ZPR6.DE's 0.15% return.
SPFD.DE
- 1D
- 0.08%
- 1M
- -0.48%
- YTD
- -1.76%
- 6M
- -1.05%
- 1Y
- 2.41%
- 3Y*
- 2.99%
- 5Y*
- -1.83%
- 10Y*
- —
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
SPFD.DE vs. ZPR6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPFD.DE State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) | -1.76% | 12.45% | -4.39% | 6.63% | -12.77% | -9.84% | 2.14% | 2.12% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | 0.48% |
Correlation
The correlation between SPFD.DE and ZPR6.DE is 0.58, 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 | 0.58 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 18, 2019 | 0.48 |
The correlation between SPFD.DE and ZPR6.DE has been stable across timeframes, ranging from 0.48 to 0.58 - a consistent structural relationship.
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
SPFD.DE vs. ZPR6.DE — Risk / Return Rank
SPFD.DE
ZPR6.DE
SPFD.DE vs. ZPR6.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) and SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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.
| SPFD.DE | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.41 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.25 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 0.36 | 1.74 | -1.38 |
| Martin ratioReturn relative to average drawdown | 1.09 | 7.22 | -6.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPFD.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.33 | 1.26 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.23 | 0.05 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.13 | 0.07 | -0.20 |
Drawdowns
SPFD.DE vs. ZPR6.DE - Drawdown Comparison
The maximum SPFD.DE drawdown since its inception was -28.91%, which is greater than ZPR6.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for SPFD.DE and ZPR6.DE.
Loading charts...
Drawdown Indicators
| SPFD.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -28.91% | -13.50% | -15.41% |
Max Drawdown (1Y)Largest decline over 1 year | -6.70% | -1.80% | -4.90% |
Max Drawdown (3Y)Largest decline over 3 years | -9.24% | -1.80% | -7.44% |
Max Drawdown (5Y)Largest decline over 5 years | -26.77% | -13.50% | -13.27% |
Current DrawdownCurrent decline from peak | -11.71% | -0.37% | -11.34% |
Average DrawdownAverage peak-to-trough decline | -13.46% | -4.62% | -8.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.22% | 0.43% | +1.79% |
Volatility
SPFD.DE vs. ZPR6.DE - Volatility Comparison
State Street SPDR Bloomberg Emerging Markets Local Bond UCITS ETF EUR (Acc) (SPFD.DE) has a higher volatility of 2.53% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that SPFD.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| SPFD.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.53% | 0.61% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 6.38% | 2.11% | +4.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.27% | 2.48% | +4.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.94% | 4.41% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 8.88% | 5.13% | +3.75% |
SPFD.DE vs. ZPR6.DE - Expense Ratio Comparison
SPFD.DE has a 0.60% expense ratio, which is higher than ZPR6.DE's 0.47% expense ratio.
Dividends
SPFD.DE vs. ZPR6.DE - Dividend Comparison
Neither SPFD.DE nor ZPR6.DE has paid dividends to shareholders.
Frequently Asked Questions
SPFD.DE and ZPR6.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR6.DE is cheaper at 0.47% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR6.DE is cheaper with a 0.47% expense ratio, compared with 0.60% for SPFD.DE.
SPFD.DE tracks Bloomberg Emerging Markets Local Currency Liquid Government Bond Index (EUR Hedged), while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Their fees differ too: 0.60% for SPFD.DE and 0.47% for ZPR6.DE.
Find the right allocation for SPFD.DE and ZPR6.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