ZPDX.DE vs. EUN0.DE
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - ZPDX.DE tracks the STOXX® Europe 600 SRI while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 5 years, ZPDX.DE returned 9.14%/yr vs 7.36%/yr for EUN0.DE. Their correlation of 0.86 suggests significant overlap in exposure. ZPDX.DE charges 0.12%/yr vs 0.25%/yr for EUN0.DE.
Performance
ZPDX.DE vs. EUN0.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 higher than EUN0.DE's 5.60% 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*
- —
EUN0.DE
- 1D
- 0.54%
- 1M
- 0.57%
- YTD
- 5.60%
- 6M
- 6.91%
- 1Y
- 5.46%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
ZPDX.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 4.75% |
Correlation
The correlation between ZPDX.DE and EUN0.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.86 |
The correlation between ZPDX.DE and EUN0.DE has been stable across timeframes, ranging from 0.79 to 0.86 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. EUN0.DE — Risk / Return Rank
ZPDX.DE
EUN0.DE
ZPDX.DE vs. EUN0.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 iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.42 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.11 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 0.76 | +0.34 |
| Martin ratioReturn relative to average drawdown | 3.43 | 1.97 | +1.45 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.62 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.66 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.63 | -0.04 |
Drawdowns
ZPDX.DE vs. EUN0.DE - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and EUN0.DE.
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Drawdown Indicators
| ZPDX.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -30.68% | -5.29% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -7.16% | -3.57% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -10.73% | -5.28% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -19.64% | -0.63% |
Max Drawdown (10Y)Largest decline over 10 years | — | -30.68% | — |
Current DrawdownCurrent decline from peak | -1.40% | -3.12% | +1.72% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.69% | -0.63% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.76% | +0.71% |
Volatility
ZPDX.DE vs. EUN0.DE - Volatility Comparison
SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) has a higher volatility of 4.19% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that ZPDX.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.03% | +1.16% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 7.20% | +3.98% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 8.77% | +5.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 11.02% | +3.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 12.51% | +4.23% |
ZPDX.DE vs. EUN0.DE - Expense Ratio Comparison
ZPDX.DE has a 0.12% expense ratio, which is lower than EUN0.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPDX.DE vs. EUN0.DE - Dividend Comparison
Neither ZPDX.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDX.DE and EUN0.DE have a correlation of 0.79, 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 0.25% for EUN0.DE.
ZPDX.DE tracks STOXX® Europe 600 SRI, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ZPDX.DE and 0.25% for EUN0.DE.
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