SPYM.DE vs. ZPR1.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and ZPR1.DE (State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc)) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ZPR1.DE is a Money Market fund tracking the Bloomberg US Treasury Bills 1-3 Month Index. Both are passively managed. Over the past 5 years, SPYM.DE returned 7.83%/yr vs 4.14%/yr for ZPR1.DE. At a correlation of -0.03, they often move in opposite directions. SPYM.DE charges 0.18%/yr vs 0.05%/yr for ZPR1.DE.
Performance
SPYM.DE vs. ZPR1.DE - Performance Comparison
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Different Trading Currencies
SPYM.DE is traded in EUR, while ZPR1.DE is traded in USD. To make them comparable, the ZPR1.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, SPYM.DE achieves a 23.48% return, which is significantly higher than ZPR1.DE's 4.40% return.
SPYM.DE
- 1D
- -0.30%
- 1M
- -4.66%
- 6M
- 16.47%
- YTD
- 23.48%
- 1Y
- 39.56%
- 3Y*
- 19.85%
- 5Y*
- 7.83%
- 10Y*
- 8.80%
ZPR1.DE
- 1D
- -0.48%
- 1M
- 1.35%
- 6M
- 3.38%
- YTD
- 4.40%
- 1Y
- 5.05%
- 3Y*
- 3.89%
- 5Y*
- 4.14%
- 10Y*
- —
SPYM.DE vs. ZPR1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 23.48% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 7.23% |
ZPR1.DE State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) | 4.40% | -7.65% | 11.56% | 1.86% | 7.26% | 8.54% | -8.63% | 1.13% |
Correlation
The correlation between SPYM.DE and ZPR1.DE is -0.06, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | -0.03 |
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Return for Risk
SPYM.DE vs. ZPR1.DE — Risk / Return Rank
SPYM.DE
ZPR1.DE
SPYM.DE vs. ZPR1.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) and State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.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.
| SPYM.DE | ZPR1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.38 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.79 | 1.31 | +2.48 |
| Martin ratioReturn relative to average drawdown | 11.48 | 3.34 | +8.14 |
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Drawdowns
SPYM.DE vs. ZPR1.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -44.83%, which is greater than ZPR1.DE's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and ZPR1.DE.
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Drawdown Indicators
| SPYM.DE | ZPR1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.83% | -13.91% | -30.92% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -3.85% | -6.53% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -11.52% | -7.43% |
Max Drawdown (5Y)Largest decline over 5 years | -23.25% | -11.73% | -11.52% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | — | — |
Current DrawdownCurrent decline from peak | -8.18% | -5.26% | -2.92% |
Average DrawdownAverage peak-to-trough decline | -17.58% | -6.31% | -11.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.44% | 1.51% | +1.93% |
Volatility
SPYM.DE vs. ZPR1.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 8.65% compared to State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) at 1.66%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than ZPR1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYM.DE | ZPR1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.65% | 1.66% | +6.99% |
Volatility (6M)Calculated over the trailing 6-month period | 17.80% | 4.48% | +13.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.31% | 6.20% | +14.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.32% | 7.57% | +9.75% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.53% | 7.56% | +10.97% |
SPYM.DE vs. ZPR1.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is higher than ZPR1.DE's 0.05% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYM.DE vs. ZPR1.DE - Dividend Comparison
Neither SPYM.DE nor ZPR1.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYM.DE and ZPR1.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR1.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR1.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for SPYM.DE.
SPYM.DE is categorized as Emerging Markets Equities, while ZPR1.DE is Money Market. SPYM.DE tracks MSCI Emerging Markets, while ZPR1.DE tracks Bloomberg US Treasury Bills 1-3 Month Index. Their fees differ too: 0.18% for SPYM.DE and 0.05% for ZPR1.DE.
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