XEYX.DE vs. ZPRW.DE

Last updated Jun 5, 2026

XEYX.DE (BNP Paribas Easy CAC 40 ESG UCITS ETF) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - XEYX.DE tracks the CAC 40® ESG while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 3 years, XEYX.DE returned 7.15%/yr vs 20.72%/yr for ZPRW.DE. Their correlation of 0.82 suggests significant overlap in exposure. XEYX.DE charges 0.25%/yr vs 0.20%/yr for ZPRW.DE.

Performance

XEYX.DE vs. ZPRW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.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, XEYX.DE achieves a 0.36% return, which is significantly lower than ZPRW.DE's 11.85% return.

XEYX.DE

• 1D: 1.35%
• 1M: 3.96%
• YTD: 0.36%
• 6M: 0.76%
• 1Y: 4.88%
• 3Y*: 7.15%
• 5Y*: —
• 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)

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

	2026 (YTD)	2025	2024	2023	2022	2021
XEYX.DE BNP Paribas Easy CAC 40 ESG UCITS ETF	0.36%	15.20%	2.43%	20.02%	-9.59%	9.61%
ZPRW.DE SPDR MSCI Europe Value UCITS ETF	11.85%	35.70%	8.86%	13.72%	-4.74%	6.00%

Correlation

The correlation between XEYX.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	0.79
Correlation (All Time) Calculated using the full available price history since Oct 13, 2021	0.82

The correlation between XEYX.DE and ZPRW.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.

Return for Risk

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

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

XEYX.DE

XEYX.DE Risk / Return Rank: 14
XEYX.DE Sharpe Ratio Rank: 14
XEYX.DE Sortino Ratio Rank: 14
XEYX.DE Omega Ratio Rank: 13
XEYX.DE Calmar Ratio Rank: 14
XEYX.DE Martin Ratio Rank: 14

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.

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

This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.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.

	XEYX.DE	ZPRW.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.31	2.28	-1.97
Sortino ratio: Return per unit of downside risk	0.57	3.16	-2.59
Omega ratio: Gain probability vs. loss probability	1.07	1.41	-0.34
Calmar ratio: Return relative to maximum drawdown	0.38	3.33	-2.95
Martin ratio: Return relative to average drawdown	1.12	12.39	-11.27
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

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

The current XEYX.DE Sharpe Ratio is 0.31, which is lower than the ZPRW.DE Sharpe Ratio of 2.28. The chart below compares the historical Sharpe Ratios of XEYX.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

	XEYX.DE	ZPRW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.31	2.28	-1.97
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.93	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.61	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.45	-0.01

Drawdowns

XEYX.DE vs. ZPRW.DE - Drawdown Comparison

The maximum XEYX.DE drawdown since its inception was -23.07%, smaller than the maximum ZPRW.DE drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for XEYX.DE and ZPRW.DE.

Drawdown Indicators

	XEYX.DE	ZPRW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-23.07%	-39.54%	+16.47%
Max Drawdown (1Y) Largest decline over 1 year	-12.78%	-9.27%	-3.51%
Max Drawdown (3Y) Largest decline over 3 years	-16.05%	-17.04%	+0.99%
Max Drawdown (5Y) Largest decline over 5 years	—	-18.41%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-39.54%	—
Current Drawdown Current decline from peak	-3.60%	-1.75%	-1.85%
Average Drawdown Average peak-to-trough decline	-5.66%	-6.92%	+1.26%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.34%	2.50%	+1.84%

Volatility

XEYX.DE vs. ZPRW.DE - Volatility Comparison

BNP Paribas Easy CAC 40 ESG UCITS ETF (XEYX.DE) has a higher volatility of 4.83% compared to SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) at 4.40%. This indicates that XEYX.DE's price experiences larger fluctuations and is considered to be riskier than ZPRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	XEYX.DE	ZPRW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.83%	4.40%	+0.43%
Volatility (6M) Calculated over the trailing 6-month period	12.50%	10.84%	+1.66%
Volatility (1Y) Calculated over the trailing 1-year period	15.52%	13.53%	+1.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	17.23%	14.89%	+2.34%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.23%	17.54%	-0.31%

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

XEYX.DE has a 0.25% expense ratio, which is higher than ZPRW.DE's 0.20% 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

XEYX.DE vs. ZPRW.DE - Dividend Comparison

XEYX.DE's dividend yield for the trailing twelve months is around 2.87%, while ZPRW.DE has not paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021
XEYX.DE BNP Paribas Easy CAC 40 ESG UCITS ETF	2.87%	2.88%	2.97%	2.53%	2.96%	1.82%
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 XEYX.DE and ZPRW.DE in my portfolio?

XEYX.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, XEYX.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, XEYX.DE or ZPRW.DE?

ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for XEYX.DE.

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

XEYX.DE tracks CAC 40® ESG, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for XEYX.DE and 0.20% for ZPRW.DE.