ZPDX.DE vs. IDEV
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and IDEV (iShares Core MSCI International Developed Markets ETF) are both exchange-traded funds - ZPDX.DE is a Europe Equities fund tracking the STOXX® Europe 600 SRI, while IDEV is a Foreign Large Cap Equities fund tracking the MSCI World ex USA Investable Market Index. Both are passively managed. Over the past 5 years, ZPDX.DE returned 9.14%/yr vs 9.67%/yr for IDEV. A 0.68 correlation means they provide meaningful diversification when combined. ZPDX.DE charges 0.12%/yr vs 0.05%/yr for IDEV.
Performance
ZPDX.DE vs. IDEV - Performance Comparison
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Different Trading Currencies
ZPDX.DE is traded in EUR, while IDEV is traded in USD. To make them comparable, the IDEV values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPDX.DE achieves a 6.68% return, which is significantly lower than IDEV's 11.05% 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*
- —
IDEV
- 1D
- 0.66%
- 1M
- 3.55%
- YTD
- 11.05%
- 6M
- 12.38%
- 1Y
- 21.52%
- 3Y*
- 14.79%
- 5Y*
- 9.67%
- 10Y*
- —
ZPDX.DE vs. IDEV - 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% |
IDEV iShares Core MSCI International Developed Markets ETF | 11.05% | 16.83% | 11.44% | 13.84% | -9.72% | 21.45% | -0.61% | 6.09% |
Correlation
The correlation between ZPDX.DE and IDEV is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.68 |
The correlation between ZPDX.DE and IDEV has been stable across timeframes, ranging from 0.67 to 0.69 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. IDEV — Risk / Return Rank
ZPDX.DE
IDEV
ZPDX.DE vs. IDEV - 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 Core MSCI International Developed Markets ETF (IDEV). 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 | IDEV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.85 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.32 | -0.16 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 2.29 | -1.18 |
| Martin ratioReturn relative to average drawdown | 3.43 | 9.75 | -6.32 |
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 | IDEV | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 1.71 | -0.85 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.71 | -0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.54 | +0.05 |
Drawdowns
ZPDX.DE vs. IDEV - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, roughly equal to the maximum IDEV drawdown of -34.27%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and IDEV.
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Drawdown Indicators
| ZPDX.DE | IDEV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -34.27% | -1.70% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -9.45% | -1.28% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -15.68% | -0.33% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -16.79% | -3.48% |
Current DrawdownCurrent decline from peak | -1.40% | 0.00% | -1.40% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -4.26% | -1.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.21% | +1.26% |
Volatility
ZPDX.DE vs. IDEV - Volatility Comparison
SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) has a higher volatility of 4.19% compared to iShares Core MSCI International Developed Markets ETF (IDEV) at 3.60%. This indicates that ZPDX.DE's price experiences larger fluctuations and is considered to be riskier than IDEV 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 | IDEV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 3.60% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 10.39% | +0.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 12.63% | +1.14% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 13.76% | +0.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 16.08% | +0.66% |
ZPDX.DE vs. IDEV - Expense Ratio Comparison
ZPDX.DE has a 0.12% expense ratio, which is higher than IDEV's 0.05% 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
ZPDX.DE vs. IDEV - Dividend Comparison
ZPDX.DE has not paid dividends to shareholders, while IDEV's dividend yield for the trailing twelve months is around 3.10%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
IDEV iShares Core MSCI International Developed Markets ETF | 3.10% | 3.40% | 3.30% | 3.07% | 2.69% | 3.05% | 2.00% | 3.18% | 3.16% | 1.54% |
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% |
Frequently Asked Questions
ZPDX.DE and IDEV have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IDEV is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IDEV is cheaper with a 0.05% expense ratio, compared with 0.12% for ZPDX.DE.
ZPDX.DE is categorized as Europe Equities, while IDEV is Foreign Large Cap Equities. ZPDX.DE tracks STOXX® Europe 600 SRI, while IDEV tracks MSCI World ex USA Investable Market Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ZPDX.DE and 0.05% for IDEV.
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