SPYJ.DE vs. ZPRP.DE
SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) and ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) are both REIT funds from State Street - SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities while ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK. Both are passively managed. Over the past 10 years, SPYJ.DE returned 3.00%/yr vs 0.99%/yr for ZPRP.DE. A 0.61 correlation means they provide meaningful diversification when combined. SPYJ.DE charges 0.40%/yr vs 0.30%/yr for ZPRP.DE.
Performance
SPYJ.DE vs. ZPRP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYJ.DE achieves a 8.14% return, which is significantly higher than ZPRP.DE's -0.81% return. Over the past 10 years, SPYJ.DE has outperformed ZPRP.DE with an annualized return of 3.00%, while ZPRP.DE has yielded a comparatively lower 0.99% annualized return.
SPYJ.DE
- 1D
- 0.05%
- 1M
- -1.56%
- YTD
- 8.14%
- 6M
- 7.45%
- 1Y
- 10.28%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
ZPRP.DE
- 1D
- 0.56%
- 1M
- -3.26%
- YTD
- -0.81%
- 6M
- 0.35%
- 1Y
- -2.54%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
SPYJ.DE vs. ZPRP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -0.95% | -3.79% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 26.91% | -5.98% | 14.94% |
Correlation
The correlation between SPYJ.DE and ZPRP.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.61 |
The correlation between SPYJ.DE and ZPRP.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
SPYJ.DE vs. ZPRP.DE — Risk / Return Rank
SPYJ.DE
ZPRP.DE
SPYJ.DE vs. ZPRP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) and SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.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.
| SPYJ.DE | ZPRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.05 | ||
| Sortino ratioReturn per unit of downside risk | +1.40 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 0.99 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.46 | -0.15 | +1.61 |
| Martin ratioReturn relative to average drawdown | 4.40 | -0.41 | +4.80 |
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
| SPYJ.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | -0.15 | +1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.15 | -0.19 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.18 | 0.05 | +0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.32 | 0.08 | +0.25 |
Drawdowns
SPYJ.DE vs. ZPRP.DE - Drawdown Comparison
The maximum SPYJ.DE drawdown since its inception was -42.92%, smaller than the maximum ZPRP.DE drawdown of -48.69%. Use the drawdown chart below to compare losses from any high point for SPYJ.DE and ZPRP.DE.
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Drawdown Indicators
| SPYJ.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.92% | -48.69% | +5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -6.95% | -15.29% | +8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -20.29% | -19.80% | -0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.71% | -48.69% | +17.98% |
Max Drawdown (10Y)Largest decline over 10 years | -42.92% | -48.69% | +5.77% |
Current DrawdownCurrent decline from peak | -7.72% | -26.29% | +18.57% |
Average DrawdownAverage peak-to-trough decline | -11.10% | -16.81% | +5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.31% | 5.75% | -3.44% |
Volatility
SPYJ.DE vs. ZPRP.DE - Volatility Comparison
The current volatility for SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) is 3.15%, while SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a volatility of 5.34%. This indicates that SPYJ.DE experiences smaller price fluctuations and is considered to be less risky than ZPRP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYJ.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.15% | 5.34% | -2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 8.50% | 13.00% | -4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.29% | 15.30% | -4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.11% | 22.12% | -7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.96% | 19.77% | -2.81% |
SPYJ.DE vs. ZPRP.DE - Expense Ratio Comparison
SPYJ.DE has a 0.40% expense ratio, which is higher than ZPRP.DE's 0.30% expense ratio.
Dividends
SPYJ.DE vs. ZPRP.DE - Dividend Comparison
SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%, while ZPRP.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | 0.00% | 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
SPYJ.DE and ZPRP.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for SPYJ.DE.
SPYJ.DE tracks Dow Jones Global Select Real Estate Securities, while ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK. Their fees differ too: 0.40% for SPYJ.DE and 0.30% for ZPRP.DE.
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