ZPR1.DE vs. ZPRM.DE
ZPR1.DE (State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc)) and ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) are both Money Market funds from State Street - ZPR1.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index while ZPRM.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged). Both are passively managed. Over the past 5 years, ZPR1.DE returned 3.52%/yr vs 12.31%/yr for ZPRM.DE. At a 0.01 correlation, their price movements are largely independent. Both charge a 0.05% expense ratio.
Performance
ZPR1.DE vs. ZPRM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR1.DE achieves a 1.85% return, which is significantly lower than ZPRM.DE's 6.36% 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*
- —
ZPRM.DE
- 1D
- -0.04%
- 1M
- -0.34%
- 6M
- 5.69%
- YTD
- 6.36%
- 1Y
- 14.68%
- 3Y*
- 9.14%
- 5Y*
- 12.31%
- 10Y*
- —
ZPR1.DE vs. ZPRM.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% | 0.87% |
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 6.36% | 23.34% | -6.88% | 29.70% | 13.58% | 1.41% | -0.25% | 13.94% |
Correlation
The correlation between ZPR1.DE and ZPRM.DE is -0.05, 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 | -0.05 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.01 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.02 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.01 |
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Return for Risk
ZPR1.DE vs. ZPRM.DE — Risk / Return Rank
ZPR1.DE
ZPRM.DE
ZPR1.DE vs. ZPRM.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 Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.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 | ZPRM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.78 | ||
| Sortino ratioReturn per unit of downside risk | +3.08 | ||
| Omega ratioGain probability vs. loss probability | 2.43 | 1.35 | +1.07 |
| Calmar ratioReturn relative to maximum drawdown | 9.23 | 3.02 | +6.21 |
| Martin ratioReturn relative to average drawdown | 43.51 | 12.41 | +31.10 |
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Drawdowns
ZPR1.DE vs. ZPRM.DE - Drawdown Comparison
The maximum ZPR1.DE drawdown since its inception was -1.92%, smaller than the maximum ZPRM.DE drawdown of -24.15%. Use the drawdown chart below to compare losses from any high point for ZPR1.DE and ZPRM.DE.
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Drawdown Indicators
| ZPR1.DE | ZPRM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -1.92% | -24.15% | +22.23% |
Max Drawdown (1Y)Largest decline over 1 year | -0.42% | -4.84% | +4.42% |
Max Drawdown (3Y)Largest decline over 3 years | -0.42% | -15.56% | +15.14% |
Max Drawdown (5Y)Largest decline over 5 years | -0.42% | -15.56% | +15.14% |
Current DrawdownCurrent decline from peak | -0.25% | -1.36% | +1.11% |
Average DrawdownAverage peak-to-trough decline | -0.47% | -4.04% | +3.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.09% | 1.18% | -1.09% |
Volatility
ZPR1.DE vs. ZPRM.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 Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has a volatility of 2.47%. This indicates that ZPR1.DE experiences smaller price fluctuations and is considered to be less risky than ZPRM.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 | ZPRM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.50% | 2.47% | -1.97% |
Volatility (6M)Calculated over the trailing 6-month period | 0.87% | 6.37% | -5.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 1.05% | 7.78% | -6.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 0.68% | 10.70% | -10.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 1.15% | 13.70% | -12.55% |
ZPR1.DE vs. ZPRM.DE - Expense Ratio Comparison
Both ZPR1.DE and ZPRM.DE have an expense ratio of 0.05%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ZPR1.DE vs. ZPRM.DE - Dividend Comparison
Neither ZPR1.DE nor ZPRM.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR1.DE and ZPRM.DE have a correlation of -0.05, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.05% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR1.DE and ZPRM.DE have the same expense ratio: 0.05% per year.
ZPR1.DE tracks Bloomberg US Treasury Bills 1-3 Month Index, while ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged).
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