XREA.DE vs. ZPRP.DE
XREA.DE (Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF) and ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) are both REIT funds - XREA.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Capped while ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK. Both are passively managed. Over the past 10 years, XREA.DE returned 1.57%/yr vs 0.99%/yr for ZPRP.DE. With a 0.98 correlation, they move nearly in lockstep. XREA.DE charges 0.33%/yr vs 0.30%/yr for ZPRP.DE.
Performance
XREA.DE vs. ZPRP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, XREA.DE achieves a -0.91% return, which is significantly lower than ZPRP.DE's -0.81% return. Over the past 10 years, XREA.DE has outperformed ZPRP.DE with an annualized return of 1.57%, while ZPRP.DE has yielded a comparatively lower 0.99% annualized return.
XREA.DE
- 1D
- 0.48%
- 1M
- -3.50%
- YTD
- -0.91%
- 6M
- 0.57%
- 1Y
- -1.75%
- 3Y*
- 9.96%
- 5Y*
- -3.70%
- 10Y*
- 1.57%
ZPRP.DE
- 1D
- 0.56%
- 1M
- -3.26%
- YTD
- -0.81%
- 6M
- 0.35%
- 1Y
- -2.54%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
XREA.DE vs. ZPRP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XREA.DE Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF | -0.91% | 8.31% | -2.14% | 17.83% | -34.64% | 12.36% | -7.76% | 26.96% | -4.17% | 15.53% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 26.91% | -5.98% | 14.94% |
Correlation
The correlation between XREA.DE and ZPRP.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.98 |
The correlation between XREA.DE and ZPRP.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
XREA.DE vs. ZPRP.DE — Risk / Return Rank
XREA.DE
ZPRP.DE
XREA.DE vs. ZPRP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.DE) and SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.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.
| XREA.DE | ZPRP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.11 | -0.15 | +0.04 |
| Martin ratioReturn relative to average drawdown | -0.29 | -0.41 | +0.11 |
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
| XREA.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.11 | -0.15 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.17 | -0.19 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.08 | 0.05 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.20 | 0.08 | +0.12 |
Drawdowns
XREA.DE vs. ZPRP.DE - Drawdown Comparison
The maximum XREA.DE drawdown since its inception was -47.51%, roughly equal to the maximum ZPRP.DE drawdown of -48.69%. Use the drawdown chart below to compare losses from any high point for XREA.DE and ZPRP.DE.
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Drawdown Indicators
| XREA.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -47.51% | -48.69% | +1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.08% | -15.29% | +0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.28% | -19.80% | +0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -47.51% | -48.69% | +1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -47.51% | -48.69% | +1.18% |
Current DrawdownCurrent decline from peak | -24.16% | -26.29% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -15.55% | -16.81% | +1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.61% | 5.75% | -0.14% |
Volatility
XREA.DE vs. ZPRP.DE - Volatility Comparison
The current volatility for Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.DE) is 4.66%, while SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a volatility of 5.34%. This indicates that XREA.DE experiences smaller price fluctuations and is considered to be less risky than ZPRP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| XREA.DE | ZPRP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.66% | 5.34% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.86% | 13.00% | -0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.34% | 15.30% | +0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.98% | 22.12% | -0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.78% | 19.77% | +0.01% |
XREA.DE vs. ZPRP.DE - Expense Ratio Comparison
XREA.DE has a 0.33% expense ratio, which is higher than ZPRP.DE's 0.30% expense ratio.
Dividends
XREA.DE vs. ZPRP.DE - Dividend Comparison
Neither XREA.DE nor ZPRP.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, XREA.DE and ZPRP.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPRP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE is cheaper with a 0.30% expense ratio, compared with 0.33% for XREA.DE.
XREA.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Capped, while ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.33% for XREA.DE and 0.30% for ZPRP.DE.
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