ZPDX.DE vs. DBXI.DE
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - ZPDX.DE tracks the STOXX® Europe 600 SRI while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 5 years, ZPDX.DE returned 9.14%/yr vs 19.73%/yr for DBXI.DE. A 0.79 correlation means they provide meaningful diversification when combined. ZPDX.DE charges 0.12%/yr vs 0.30%/yr for DBXI.DE.
Performance
ZPDX.DE vs. DBXI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDX.DE achieves a 6.68% return, which is significantly lower than DBXI.DE's 14.49% return.
ZPDX.DE
- 1D
- 0.99%
- 1M
- 4.13%
- YTD
- 6.68%
- 6M
- 8.95%
- 1Y
- 11.89%
- 3Y*
- 12.67%
- 5Y*
- 9.14%
- 10Y*
- —
DBXI.DE
- 1D
- 0.21%
- 1M
- 4.80%
- YTD
- 14.49%
- 6M
- 18.18%
- 1Y
- 30.62%
- 3Y*
- 28.95%
- 5Y*
- 19.73%
- 10Y*
- 14.91%
ZPDX.DE vs. DBXI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPDX.DE SPDR STOXX Europe 600 SRI UCITS ETF | 6.68% | 14.73% | 10.10% | 18.67% | -11.83% | 25.89% | -2.05% | 8.15% |
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 14.49% | 37.50% | 18.27% | 33.40% | -9.08% | 26.51% | -4.28% | 7.72% |
Correlation
The correlation between ZPDX.DE and DBXI.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.79 |
The correlation between ZPDX.DE and DBXI.DE has been stable across timeframes, ranging from 0.75 to 0.79 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. DBXI.DE — Risk / Return Rank
ZPDX.DE
DBXI.DE
ZPDX.DE vs. DBXI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) and Xtrackers FTSE MIB UCITS ETF (DBXI.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.
| ZPDX.DE | DBXI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.08 | ||
| Sortino ratioReturn per unit of downside risk | -1.36 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.34 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 3.17 | -2.06 |
| Martin ratioReturn relative to average drawdown | 3.43 | 11.42 | -7.99 |
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
| ZPDX.DE | DBXI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.94 | -1.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 1.09 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.75 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.19 | +0.39 |
Drawdowns
ZPDX.DE vs. DBXI.DE - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, smaller than the maximum DBXI.DE drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and DBXI.DE.
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Drawdown Indicators
| ZPDX.DE | DBXI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -69.49% | +33.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -9.62% | -1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -17.56% | +1.55% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -25.10% | +4.83% |
Max Drawdown (10Y)Largest decline over 10 years | — | -40.46% | — |
Current DrawdownCurrent decline from peak | -1.40% | -0.77% | -0.63% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -29.56% | +24.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.67% | +0.80% |
Volatility
ZPDX.DE vs. DBXI.DE - Volatility Comparison
The current volatility for SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) is 4.19%, while Xtrackers FTSE MIB UCITS ETF (DBXI.DE) has a volatility of 4.63%. This indicates that ZPDX.DE experiences smaller price fluctuations and is considered to be less risky than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDX.DE | DBXI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.63% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 12.34% | -1.16% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 15.69% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 18.31% | -4.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 20.37% | -3.63% |
ZPDX.DE vs. DBXI.DE - Expense Ratio Comparison
ZPDX.DE has a 0.12% expense ratio, which is lower than DBXI.DE's 0.30% expense ratio.
Dividends
ZPDX.DE vs. DBXI.DE - Dividend Comparison
ZPDX.DE has not paid dividends to shareholders, while DBXI.DE's dividend yield for the trailing twelve months is around 3.63%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
DBXI.DE Xtrackers FTSE MIB UCITS ETF | 3.63% | 3.93% | 4.53% | 3.78% | 7.45% | 0.94% | 4.23% | 3.33% | 2.66% | 1.94% | 2.51% | 0.15% |
ZPDX.DE SPDR STOXX Europe 600 SRI 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% |
Frequently Asked Questions
ZPDX.DE and DBXI.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDX.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDX.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for DBXI.DE.
ZPDX.DE tracks STOXX® Europe 600 SRI, while DBXI.DE tracks FTSE MIB. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.12% for ZPDX.DE and 0.30% for DBXI.DE.
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