ZPDX.DE vs. IEUS
ZPDX.DE (SPDR STOXX Europe 600 SRI UCITS ETF) and IEUS (iShares MSCI Europe Small-Cap ETF) are both Europe Equities funds - ZPDX.DE tracks the STOXX® Europe 600 SRI while IEUS tracks the MSCI Europe Small Cap Index. Both are passively managed. Over the past 5 years, ZPDX.DE returned 9.14%/yr vs 3.97%/yr for IEUS. A 0.67 correlation means they provide meaningful diversification when combined. ZPDX.DE charges 0.12%/yr vs 0.40%/yr for IEUS.
Performance
ZPDX.DE vs. IEUS - Performance Comparison
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Different Trading Currencies
ZPDX.DE is traded in EUR, while IEUS is traded in USD. To make them comparable, the IEUS 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 IEUS's 8.20% 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*
- —
IEUS
- 1D
- 1.08%
- 1M
- 2.24%
- YTD
- 8.20%
- 6M
- 10.43%
- 1Y
- 12.55%
- 3Y*
- 11.74%
- 5Y*
- 3.97%
- 10Y*
- 7.39%
ZPDX.DE vs. IEUS - 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% |
IEUS iShares MSCI Europe Small-Cap ETF | 8.20% | 16.39% | 4.90% | 13.82% | -22.55% | 23.67% | 3.67% | 13.36% |
Correlation
The correlation between ZPDX.DE and IEUS is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Oct 2, 2019 | 0.67 |
The correlation between ZPDX.DE and IEUS has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
ZPDX.DE vs. IEUS — Risk / Return Rank
ZPDX.DE
IEUS
ZPDX.DE vs. IEUS - 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 MSCI Europe Small-Cap ETF (IEUS). 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 | IEUS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.17 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.10 | 1.19 | -0.08 |
| Martin ratioReturn relative to average drawdown | 3.43 | 4.42 | -0.99 |
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 | IEUS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.86 | 0.93 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.63 | 0.22 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.59 | 0.33 | +0.25 |
Drawdowns
ZPDX.DE vs. IEUS - Drawdown Comparison
The maximum ZPDX.DE drawdown since its inception was -35.97%, smaller than the maximum IEUS drawdown of -55.91%. Use the drawdown chart below to compare losses from any high point for ZPDX.DE and IEUS.
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Drawdown Indicators
| ZPDX.DE | IEUS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.97% | -55.91% | +19.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.73% | -10.63% | -0.10% |
Max Drawdown (3Y)Largest decline over 3 years | -16.01% | -14.92% | -1.09% |
Max Drawdown (5Y)Largest decline over 5 years | -20.27% | -33.14% | +12.87% |
Max Drawdown (10Y)Largest decline over 10 years | — | -42.75% | — |
Current DrawdownCurrent decline from peak | -1.40% | -0.62% | -0.78% |
Average DrawdownAverage peak-to-trough decline | -5.32% | -11.16% | +5.84% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.47% | 2.85% | +0.62% |
Volatility
ZPDX.DE vs. IEUS - Volatility Comparison
SPDR STOXX Europe 600 SRI UCITS ETF (ZPDX.DE) and iShares MSCI Europe Small-Cap ETF (IEUS) have volatilities of 4.19% and 4.34%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDX.DE | IEUS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.19% | 4.34% | -0.15% |
Volatility (6M)Calculated over the trailing 6-month period | 11.18% | 11.28% | -0.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.77% | 13.61% | +0.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.29% | 17.75% | -3.46% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.74% | 18.47% | -1.73% |
ZPDX.DE vs. IEUS - Expense Ratio Comparison
ZPDX.DE has a 0.12% expense ratio, which is lower than IEUS's 0.40% expense ratio.
Dividends
ZPDX.DE vs. IEUS - Dividend Comparison
ZPDX.DE has not paid dividends to shareholders, while IEUS's dividend yield for the trailing twelve months is around 2.99%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IEUS iShares MSCI Europe Small-Cap ETF | 2.99% | 3.19% | 3.25% | 2.97% | 3.00% | 2.63% | 1.21% | 4.03% | 3.21% | 2.13% | 2.48% | 2.06% |
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 IEUS have a correlation of 0.68, 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 0.40% for IEUS.
ZPDX.DE tracks STOXX® Europe 600 SRI, while IEUS tracks MSCI Europe Small Cap Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.12% for ZPDX.DE and 0.40% for IEUS.
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