SPYM.DE vs. ZPRI.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure. Both are passively managed. Over the past 10 years, SPYM.DE returned 10.32%/yr vs 5.05%/yr for ZPRI.DE. At a 0.41 correlation, their price movements are largely independent. SPYM.DE charges 0.18%/yr vs 0.40%/yr for ZPRI.DE.
Performance
SPYM.DE vs. ZPRI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 28.91% return, which is significantly higher than ZPRI.DE's 8.67% return. Over the past 10 years, SPYM.DE has outperformed ZPRI.DE with an annualized return of 10.32%, while ZPRI.DE has yielded a comparatively lower 5.05% annualized return.
SPYM.DE
- 1D
- 0.51%
- 1M
- 2.41%
- YTD
- 28.91%
- 6M
- 30.74%
- 1Y
- 48.17%
- 3Y*
- 22.17%
- 5Y*
- 8.34%
- 10Y*
- 10.32%
ZPRI.DE
- 1D
- 0.44%
- 1M
- 2.20%
- YTD
- 8.67%
- 6M
- 9.29%
- 1Y
- 14.30%
- 3Y*
- 7.94%
- 5Y*
- 4.11%
- 10Y*
- 5.05%
SPYM.DE vs. ZPRI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 28.91% | 19.06% | 14.05% | 6.05% | -14.90% | 5.28% | 6.27% | 22.31% | -11.26% | 19.74% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 8.67% | 1.94% | 8.86% | 3.53% | -7.87% | 14.36% | -1.90% | 20.85% | 1.57% | -1.34% |
Correlation
The correlation between SPYM.DE and ZPRI.DE is 0.20, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.20 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.41 |
Over the past year, the correlation between SPYM.DE and ZPRI.DE has dropped to 0.20 - well below their long-term average of 0.41, suggesting their price drivers have been diverging.
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Return for Risk
SPYM.DE vs. ZPRI.DE — Risk / Return Rank
SPYM.DE
ZPRI.DE
SPYM.DE vs. ZPRI.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 SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.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 | ZPRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.46 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.35 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.62 | 4.23 | +0.39 |
| Martin ratioReturn relative to average drawdown | 15.65 | 12.77 | +2.88 |
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Drawdowns
SPYM.DE vs. ZPRI.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -44.83%, which is greater than ZPRI.DE's maximum drawdown of -22.82%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and ZPRI.DE.
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Drawdown Indicators
| SPYM.DE | ZPRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.83% | -22.82% | -22.01% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -3.37% | -7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -18.95% | -11.11% | -7.84% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -14.83% | -9.03% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -22.82% | -8.87% |
Current DrawdownCurrent decline from peak | -4.14% | 0.00% | -4.14% |
Average DrawdownAverage peak-to-trough decline | -17.62% | -7.45% | -10.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.07% | 1.12% | +1.95% |
Volatility
SPYM.DE vs. ZPRI.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 8.92% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) at 2.38%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier than ZPRI.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 | ZPRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 8.92% | 2.38% | +6.54% |
Volatility (6M)Calculated over the trailing 6-month period | 17.12% | 5.44% | +11.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.43% | 7.11% | +12.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 17.17% | 9.92% | +7.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.51% | 14.84% | +3.67% |
SPYM.DE vs. ZPRI.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than ZPRI.DE's 0.40% expense ratio.
Dividends
SPYM.DE vs. ZPRI.DE - Dividend Comparison
SPYM.DE has not paid dividends to shareholders, while ZPRI.DE's dividend yield for the trailing twelve months is around 2.81%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets 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% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 2.81% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 0.98% | 1.19% |
Frequently Asked Questions
SPYM.DE and ZPRI.DE have a correlation of 0.20, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for ZPRI.DE.
SPYM.DE is categorized as Emerging Markets Equities, while ZPRI.DE is Diversified Portfolio. SPYM.DE tracks MSCI Emerging Markets, while ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure. Their fees differ too: 0.18% for SPYM.DE and 0.40% for ZPRI.DE.
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