SPPX.DE vs. ZPRX.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPPX.DE is a Government Bonds fund tracking the Bloomberg US 10+ Year Treasury Bond, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SPPX.DE returned -1.29%/yr vs 8.15%/yr for ZPRX.DE. At a correlation of -0.17, they often move in opposite directions. SPPX.DE charges 0.15%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SPPX.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPX.DE achieves a 0.87% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, SPPX.DE has underperformed ZPRX.DE with an annualized return of -1.29%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized return.
SPPX.DE
- 1D
- 0.30%
- 1M
- 1.41%
- YTD
- 0.87%
- 6M
- -0.50%
- 1Y
- 2.52%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SPPX.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between SPPX.DE and ZPRX.DE is 0.11, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.11 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.08 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.17 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | -0.17 |
The correlation between SPPX.DE and ZPRX.DE shifts across timeframes, from -0.17 (all time) to 0.12 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. ZPRX.DE — Risk / Return Rank
SPPX.DE
ZPRX.DE
SPPX.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| SPPX.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.95 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.22 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 1.47 | -1.07 |
| Martin ratioReturn relative to average drawdown | 0.87 | 5.42 | -4.56 |
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
| SPPX.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 1.23 | -0.95 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.46 | -0.76 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.45 | -0.54 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.39 | -0.48 |
Drawdowns
SPPX.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, roughly equal to the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and ZPRX.DE.
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Drawdown Indicators
| SPPX.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -43.93% | -0.63% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -11.63% | +5.32% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -15.95% | -0.60% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -27.52% | -9.01% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -43.93% | -0.63% |
Current DrawdownCurrent decline from peak | -40.79% | -1.51% | -39.28% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -7.71% | -14.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.16% | -0.26% |
Volatility
SPPX.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that SPPX.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPPX.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 4.17% | -1.80% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 11.30% | -5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 13.94% | -5.03% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 16.69% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 18.14% | -3.63% |
SPPX.DE vs. ZPRX.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SPPX.DE vs. ZPRX.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 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
SPPX.DE and ZPRX.DE have a correlation of 0.11, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRX.DE.
SPPX.DE is categorized as Government Bonds, while ZPRX.DE is Europe Equities. SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.15% for SPPX.DE and 0.30% for ZPRX.DE.
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