WTEE.DE vs. ZPRW.DE

Last updated Jun 5, 2026

WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - WTEE.DE tracks the WisdomTree Europe Equity Income while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 5 years, WTEE.DE returned 12.46%/yr vs 13.99%/yr for ZPRW.DE. A 0.77 correlation means they provide meaningful diversification when combined. WTEE.DE charges 0.29%/yr vs 0.20%/yr for ZPRW.DE.

Performance

WTEE.DE vs. ZPRW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, WTEE.DE achieves a 13.70% return, which is significantly higher than ZPRW.DE's 11.85% return.

WTEE.DE

• 1D: -0.26%
• 1M: 0.42%
• YTD: 13.70%
• 6M: 16.59%
• 1Y: 26.04%
• 3Y*: 17.15%
• 5Y*: 12.46%
• 10Y*: —

ZPRW.DE

• 1D: 0.72%
• 1M: 3.83%
• YTD: 11.85%
• 6M: 15.32%
• 1Y: 31.00%
• 3Y*: 20.72%
• 5Y*: 13.99%
• 10Y*: 10.74%

*Multi-year figures are annualized to reflect compound growth (CAGR)

WTEE.DE vs. ZPRW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	13.70%	28.40%	2.20%	15.07%	0.05%	18.73%	6.60%
ZPRW.DE SPDR MSCI Europe Value UCITS ETF	11.85%	35.70%	8.86%	13.72%	-4.74%	27.39%	14.21%

Correlation

The correlation between WTEE.DE and ZPRW.DE is 0.76, 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	0.76
Correlation (3Y) Calculated over the trailing 3-year period	0.82
Correlation (5Y) Calculated over the trailing 5-year period	0.80
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020	0.77

The correlation between WTEE.DE and ZPRW.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.

Return for Risk

WTEE.DE vs. ZPRW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

WTEE.DE

WTEE.DE Risk / Return Rank: 74
WTEE.DE Sharpe Ratio Rank: 74
WTEE.DE Sortino Ratio Rank: 71
WTEE.DE Omega Ratio Rank: 73
WTEE.DE Calmar Ratio Rank: 76
WTEE.DE Martin Ratio Rank: 78

ZPRW.DE

ZPRW.DE Risk / Return Rank: 69
ZPRW.DE Sharpe Ratio Rank: 71
ZPRW.DE Sortino Ratio Rank: 71
ZPRW.DE Omega Ratio Rank: 70
ZPRW.DE Calmar Ratio Rank: 68
ZPRW.DE Martin Ratio Rank: 68

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

WTEE.DE vs. ZPRW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.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.

	WTEE.DE	ZPRW.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.28	+0.07
Sortino ratio: Return per unit of downside risk	3.17	3.16	+0.01
Omega ratio: Gain probability vs. loss probability	1.43	1.41	+0.02
Calmar ratio: Return relative to maximum drawdown	3.80	3.33	+0.47
Martin ratio: Return relative to average drawdown	14.72	12.39	+2.33
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

WTEE.DE vs. ZPRW.DE - Sharpe Ratio Comparison

The current WTEE.DE Sharpe Ratio is 2.35, which is comparable to the ZPRW.DE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of WTEE.DE and ZPRW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	WTEE.DE	ZPRW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.28	+0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	0.93	+0.01
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.08	0.45	+0.63

Drawdowns

WTEE.DE vs. ZPRW.DE - Drawdown Comparison

The maximum WTEE.DE drawdown since its inception was -16.45%, smaller than the maximum ZPRW.DE drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for WTEE.DE and ZPRW.DE.

Drawdown Indicators

	WTEE.DE	ZPRW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-16.45%	-39.54%	+23.09%
Max Drawdown (1Y) Largest decline over 1 year	-6.78%	-9.27%	+2.49%
Max Drawdown (3Y) Largest decline over 3 years	-14.12%	-17.04%	+2.92%
Max Drawdown (5Y) Largest decline over 5 years	-16.45%	-18.41%	+1.96%
Max Drawdown (10Y) Largest decline over 10 years	—	-39.54%	—
Current Drawdown Current decline from peak	-1.96%	-1.75%	-0.21%
Average Drawdown Average peak-to-trough decline	-2.65%	-6.92%	+4.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.75%	2.50%	-0.75%

Volatility

WTEE.DE vs. ZPRW.DE - Volatility Comparison

The current volatility for WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) is 3.73%, while SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a volatility of 4.40%. This indicates that WTEE.DE experiences smaller price fluctuations and is considered to be less risky than ZPRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	WTEE.DE	ZPRW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.73%	4.40%	-0.67%
Volatility (6M) Calculated over the trailing 6-month period	8.73%	10.84%	-2.11%
Volatility (1Y) Calculated over the trailing 1-year period	10.94%	13.53%	-2.59%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.50%	14.89%	-0.39%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.99%	17.54%	-2.55%

WTEE.DE vs. ZPRW.DE - Expense Ratio Comparison

WTEE.DE has a 0.29% expense ratio, which is higher than ZPRW.DE's 0.20% expense ratio.

Dividends

WTEE.DE vs. ZPRW.DE - Dividend Comparison

WTEE.DE's dividend yield for the trailing twelve months is around 4.55%, while ZPRW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
WTEE.DE WisdomTree Europe Equity Income UCITS ETF	4.55%	5.37%	6.81%	5.61%	5.35%	4.64%
ZPRW.DE SPDR MSCI Europe Value UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both WTEE.DE and ZPRW.DE in my portfolio?

WTEE.DE and ZPRW.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, WTEE.DE or ZPRW.DE?

On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, WTEE.DE or ZPRW.DE?

ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.29% for WTEE.DE.

What is the main difference between WTEE.DE and ZPRW.DE?

WTEE.DE tracks WisdomTree Europe Equity Income, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: WisdomTree and State Street. Their fees differ too: 0.29% for WTEE.DE and 0.20% for ZPRW.DE.