ZPR1.DE vs. SPPY.DE
ZPR1.DE (State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc)) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ZPR1.DE is a Money Market fund tracking the Bloomberg US Treasury Bills 1-3 Month Index, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPR1.DE returned 3.52%/yr vs 13.86%/yr for SPPY.DE. At a correlation of -0.03, they often move in opposite directions. ZPR1.DE charges 0.05%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPR1.DE vs. SPPY.DE - Performance Comparison
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Different Trading Currencies
ZPR1.DE is traded in USD, while SPPY.DE is traded in EUR. To make them comparable, the SPPY.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPR1.DE achieves a 1.85% return, which is significantly lower than SPPY.DE's 9.84% return.
ZPR1.DE
- 1D
- 0.01%
- 1M
- 0.32%
- 6M
- 1.84%
- YTD
- 1.85%
- 1Y
- 3.86%
- 3Y*
- 4.64%
- 5Y*
- 3.52%
- 10Y*
- —
SPPY.DE
- 1D
- 0.33%
- 1M
- 0.74%
- 6M
- 10.68%
- YTD
- 9.84%
- 1Y
- 23.73%
- 3Y*
- 20.66%
- 5Y*
- 13.86%
- 10Y*
- —
ZPR1.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPR1.DE State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) | 1.85% | 4.23% | 5.21% | 5.01% | 1.38% | -0.06% | 0.35% | 0.15% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 9.84% | 17.89% | 25.27% | 30.95% | -19.19% | 30.00% | 18.56% | 4.57% |
Correlation
The correlation between ZPR1.DE and SPPY.DE is -0.03, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.03 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.04 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Dec 3, 2019 | -0.03 |
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Return for Risk
ZPR1.DE vs. SPPY.DE — Risk / Return Rank
ZPR1.DE
SPPY.DE
ZPR1.DE vs. SPPY.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPR1.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.70 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.34 | +1.08 |
| Calmar ratioReturn relative to maximum drawdown | 9.23 | 2.60 | +6.63 |
| Martin ratioReturn relative to average drawdown | 43.51 | 11.13 | +32.38 |
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Drawdowns
ZPR1.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPR1.DE drawdown since its inception was -1.92%, smaller than the maximum SPPY.DE drawdown of -33.81%. Use the drawdown chart below to compare losses from any high point for ZPR1.DE and SPPY.DE.
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Drawdown Indicators
| ZPR1.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -33.81% | +31.89% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -9.08% | +8.66% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | -20.62% | +20.20% |
Max Drawdown (5Y)Largest decline over 5 years | -0.42% | -24.93% | +24.51% |
Current DrawdownCurrent decline from peak | -0.25% | -0.58% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -5.30% | +4.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 2.13% | -2.04% |
Volatility
ZPR1.DE vs. SPPY.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) is 0.50%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 3.61%. This indicates that ZPR1.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR1.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 3.61% | -3.11% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 8.89% | -8.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.05% | 12.02% | -10.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 16.22% | -15.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.15% | 18.23% | -17.08% |
ZPR1.DE vs. SPPY.DE - Expense Ratio Comparison
ZPR1.DE has a 0.05% expense ratio, which is lower than SPPY.DE's 0.10% 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
ZPR1.DE vs. SPPY.DE - Dividend Comparison
Neither ZPR1.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR1.DE and SPPY.DE have a correlation of -0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR1.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR1.DE is cheaper with a 0.05% expense ratio, compared with 0.10% for SPPY.DE.
ZPR1.DE is categorized as Money Market, while SPPY.DE is S&P 500. ZPR1.DE tracks Bloomberg US Treasury Bills 1-3 Month Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.05% for ZPR1.DE and 0.10% for SPPY.DE.
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