SPYY.DE vs. ZPRI.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) are both exchange-traded funds - SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI), while ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.40%/yr vs 4.91%/yr for ZPRI.DE. A 0.56 correlation means they provide meaningful diversification when combined. Both charge a 0.40% expense ratio.
Performance
SPYY.DE vs. ZPRI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 12.54% return, which is significantly higher than ZPRI.DE's 5.11% return. Over the past 10 years, SPYY.DE has outperformed ZPRI.DE with an annualized return of 12.40%, while ZPRI.DE has yielded a comparatively lower 4.91% annualized return.
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
ZPRI.DE
- 1D
- -0.55%
- 1M
- -0.71%
- YTD
- 5.11%
- 6M
- 4.65%
- 1Y
- 8.87%
- 3Y*
- 6.15%
- 5Y*
- 3.55%
- 10Y*
- 4.91%
SPYY.DE vs. ZPRI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 5.11% | 1.93% | 8.86% | 3.55% | -7.87% | 14.34% | -1.90% | 20.85% | 1.57% | -1.34% |
Correlation
The correlation between SPYY.DE and ZPRI.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.32 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.56 |
Over the past year, the correlation between SPYY.DE and ZPRI.DE has dropped to 0.32 - well below their long-term average of 0.56, suggesting their price drivers have been diverging.
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Return for Risk
SPYY.DE vs. ZPRI.DE — Risk / Return Rank
SPYY.DE
ZPRI.DE
SPYY.DE vs. ZPRI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.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.
| SPYY.DE | ZPRI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.46 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 2.62 | +1.48 |
| Martin ratioReturn relative to average drawdown | 16.60 | 7.25 | +9.36 |
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
| SPYY.DE | ZPRI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 1.28 | +1.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.35 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.47 | +0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.35 | +0.47 |
Drawdowns
SPYY.DE vs. ZPRI.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, which is greater than ZPRI.DE's maximum drawdown of -22.84%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and ZPRI.DE.
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Drawdown Indicators
| SPYY.DE | ZPRI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -22.84% | -10.65% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -3.37% | -3.12% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -11.11% | -10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -14.82% | -6.45% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -22.84% | -10.65% |
Current DrawdownCurrent decline from peak | -0.61% | -1.86% | +1.25% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -5.00% | +0.61% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.22% | +0.39% |
Volatility
SPYY.DE vs. ZPRI.DE - Volatility Comparison
SPDR MSCI ACWI UCITS ETF (SPYY.DE) has a higher volatility of 3.05% compared to SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) at 1.70%. This indicates that SPYY.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
| SPYY.DE | ZPRI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 1.70% | +1.35% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 5.27% | +2.94% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 6.91% | +4.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 9.93% | +3.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 10.37% | +4.70% |
SPYY.DE vs. ZPRI.DE - Expense Ratio Comparison
Both SPYY.DE and ZPRI.DE have an expense ratio of 0.40%.
Dividends
SPYY.DE vs. ZPRI.DE - Dividend Comparison
SPYY.DE has not paid dividends to shareholders, while ZPRI.DE's dividend yield for the trailing twelve months is around 2.91%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI 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 | 2.91% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 2.21% | 1.19% |
Frequently Asked Questions
SPYY.DE and ZPRI.DE have a correlation of 0.32, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.40% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE and ZPRI.DE have the same expense ratio: 0.40% per year.
SPYY.DE is categorized as Global Equities, while ZPRI.DE is Diversified Portfolio. SPYY.DE tracks MSCI All Country World (ACWI), while ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure.
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