XCS3.DE vs. ZPRA.DE
XCS3.DE (Xtrackers MSCI Malaysia UCITS ETF (Acc)) and ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) are both Asia Pacific Equities funds - XCS3.DE tracks the MSCI Malaysia Index while ZPRA.DE tracks the S&P Pan Asia Dividend Aristocrats. Both are passively managed. Over the past 10 years, XCS3.DE returned 1.97%/yr vs 6.34%/yr for ZPRA.DE. A 0.56 correlation means they provide meaningful diversification when combined. XCS3.DE charges 0.50%/yr vs 0.55%/yr for ZPRA.DE.
Performance
XCS3.DE vs. ZPRA.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XCS3.DE achieves a 4.19% return, which is significantly lower than ZPRA.DE's 7.13% return. Over the past 10 years, XCS3.DE has underperformed ZPRA.DE with an annualized return of 1.97%, while ZPRA.DE has yielded a comparatively higher 6.34% annualized return.
XCS3.DE
- 1D
- 1.39%
- 1M
- -0.08%
- 6M
- 4.28%
- YTD
- 4.19%
- 1Y
- 19.31%
- 3Y*
- 12.77%
- 5Y*
- 5.98%
- 10Y*
- 1.97%
ZPRA.DE
- 1D
- 1.05%
- 1M
- 2.38%
- 6M
- 6.97%
- YTD
- 7.13%
- 1Y
- 14.11%
- 3Y*
- 10.61%
- 5Y*
- 5.63%
- 10Y*
- 6.34%
XCS3.DE vs. ZPRA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XCS3.DE Xtrackers MSCI Malaysia UCITS ETF (Acc) | 4.19% | 3.11% | 26.75% | -7.60% | 1.23% | -1.02% | -6.99% | 1.63% | -1.88% | 9.03% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 7.13% | 9.81% | 11.25% | 11.52% | -10.65% | 11.36% | -9.52% | 24.51% | -4.63% | 13.94% |
Correlation
The correlation between XCS3.DE and ZPRA.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.37 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.49 |
Correlation (All Time) Calculated using the full available price history since May 14, 2013 | 0.56 |
The correlation between XCS3.DE and ZPRA.DE shifts across timeframes, from 0.36 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
XCS3.DE vs. ZPRA.DE — Risk / Return Rank
XCS3.DE
ZPRA.DE
XCS3.DE vs. ZPRA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.DE) and SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.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.
| XCS3.DE | ZPRA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.25 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 2.45 | 2.53 | -0.08 |
| Martin ratioReturn relative to average drawdown | 6.95 | 6.59 | +0.36 |
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Drawdowns
XCS3.DE vs. ZPRA.DE - Drawdown Comparison
The maximum XCS3.DE drawdown since its inception was -43.32%, which is greater than ZPRA.DE's maximum drawdown of -34.40%. Use the drawdown chart below to compare losses from any high point for XCS3.DE and ZPRA.DE.
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Drawdown Indicators
| XCS3.DE | ZPRA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.32% | -34.40% | -8.92% |
Max Drawdown (1Y)Largest decline over 1 year | -7.85% | -5.56% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -21.83% | -13.54% | -8.29% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -21.67% | -0.16% |
Max Drawdown (10Y)Largest decline over 10 years | -35.49% | -31.52% | -3.97% |
Current DrawdownCurrent decline from peak | -6.19% | -0.22% | -5.97% |
Average DrawdownAverage peak-to-trough decline | -17.45% | -10.00% | -7.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.76% | 2.14% | +0.62% |
Volatility
XCS3.DE vs. ZPRA.DE - Volatility Comparison
Xtrackers MSCI Malaysia UCITS ETF (Acc) (XCS3.DE) has a higher volatility of 3.88% compared to SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) at 3.31%. This indicates that XCS3.DE's price experiences larger fluctuations and is considered to be riskier than ZPRA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XCS3.DE | ZPRA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.88% | 3.31% | +0.57% |
Volatility (6M)Calculated over the trailing 6-month period | 10.90% | 7.73% | +3.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 10.06% | +4.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.17% | 12.96% | +0.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.03% | 15.34% | -0.31% |
XCS3.DE vs. ZPRA.DE - Expense Ratio Comparison
XCS3.DE has a 0.50% expense ratio, which is lower than ZPRA.DE's 0.55% expense ratio.
Dividends
XCS3.DE vs. ZPRA.DE - Dividend Comparison
XCS3.DE has not paid dividends to shareholders, while ZPRA.DE's dividend yield for the trailing twelve months is around 2.79%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XCS3.DE Xtrackers MSCI Malaysia UCITS ETF (Acc) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 2.79% | 3.01% | 2.98% | 2.92% | 3.63% | 2.82% | 3.04% | 2.61% | 2.41% | 1.78% | 2.25% | 3.17% |
Frequently Asked Questions
XCS3.DE and ZPRA.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XCS3.DE is cheaper at 0.50% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XCS3.DE is cheaper with a 0.50% expense ratio, compared with 0.55% for ZPRA.DE.
XCS3.DE tracks MSCI Malaysia Index, while ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.50% for XCS3.DE and 0.55% for ZPRA.DE.
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