ZPR5.DE vs. SPYW.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPR5.DE is a Emerging Markets Bonds fund tracking the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPR5.DE returned 2.25%/yr vs 6.79%/yr for SPYW.DE. At a 0.08 correlation, their price movements are largely independent. ZPR5.DE charges 0.42%/yr vs 0.30%/yr for SPYW.DE.
Performance
ZPR5.DE vs. SPYW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR5.DE achieves a 2.14% return, which is significantly lower than SPYW.DE's 5.36% return. Over the past 10 years, ZPR5.DE has underperformed SPYW.DE with an annualized return of 2.25%, while SPYW.DE has yielded a comparatively higher 6.79% annualized return.
ZPR5.DE
- 1D
- -0.10%
- 1M
- 0.89%
- YTD
- 2.14%
- 6M
- 1.74%
- 1Y
- 3.56%
- 3Y*
- 3.25%
- 5Y*
- 3.18%
- 10Y*
- 2.25%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPR5.DE vs. SPYW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | -1.06% | 7.98% | -6.72% | 8.14% | 4.71% | -8.80% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between ZPR5.DE and SPYW.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 | -0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.10 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.01 |
Correlation (All Time) Calculated using the full available price history since Nov 17, 2014 | 0.08 |
The correlation between ZPR5.DE and SPYW.DE shifts across timeframes, from -0.10 (5 years) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR5.DE vs. SPYW.DE — Risk / Return Rank
ZPR5.DE
SPYW.DE
ZPR5.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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.
| ZPR5.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.14 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 0.98 | +0.12 |
| Martin ratioReturn relative to average drawdown | 2.73 | 3.14 | -0.41 |
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
| ZPR5.DE | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 0.74 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.60 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | 0.45 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.53 | -0.14 |
Drawdowns
ZPR5.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and SPYW.DE.
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Drawdown Indicators
| ZPR5.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -38.68% | +24.20% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -7.99% | +4.78% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -11.64% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -23.97% | +14.05% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -38.68% | +24.20% |
Current DrawdownCurrent decline from peak | -4.28% | -2.54% | -1.74% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -5.62% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 2.50% | -1.20% |
Volatility
ZPR5.DE vs. SPYW.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) is 0.96%, while SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that ZPR5.DE experiences smaller price fluctuations and is considered to be less risky than SPYW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR5.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 2.92% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 8.76% | -5.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 10.65% | -5.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 13.27% | -6.23% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 14.88% | -7.68% |
ZPR5.DE vs. SPYW.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.
Dividends
ZPR5.DE vs. SPYW.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, more than SPYW.DE's 3.60% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 4.83% | 5.10% | 4.16% | 3.16% | 2.54% | 2.63% | 3.53% | 3.34% | 2.73% | 3.18% | 2.72% | 1.83% |
Frequently Asked Questions
ZPR5.DE and SPYW.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.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.42% for ZPR5.DE.
ZPR5.DE is categorized as Emerging Markets Bonds, while SPYW.DE is Europe Equities. ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.42% for ZPR5.DE and 0.30% for SPYW.DE.
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