ZPR5.DE vs. XQUD.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and XQUD.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF) are both Emerging Markets Bonds funds - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while XQUD.DE tracks the iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. Both are passively managed. Over the past 3 years, ZPR5.DE returned 3.25%/yr vs 2.35%/yr for XQUD.DE. A 0.69 correlation means they provide meaningful diversification when combined. ZPR5.DE charges 0.42%/yr vs 0.45%/yr for XQUD.DE.
Performance
ZPR5.DE vs. XQUD.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 higher than XQUD.DE's 1.98% 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%
XQUD.DE
- 1D
- -0.03%
- 1M
- 1.14%
- YTD
- 1.98%
- 6M
- 1.13%
- 1Y
- 6.03%
- 3Y*
- 2.35%
- 5Y*
- —
- 10Y*
- —
ZPR5.DE vs. XQUD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPR5.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF | 2.14% | -4.12% | 11.04% | 2.52% | 0.56% |
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF | 1.98% | -1.36% | 5.23% | 3.70% | -0.16% |
Correlation
The correlation between ZPR5.DE and XQUD.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (All Time) Calculated using the full available price history since Jun 29, 2022 | 0.69 |
The correlation between ZPR5.DE and XQUD.DE shifts across timeframes, from 0.69 (all time) to 0.81 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR5.DE vs. XQUD.DE — Risk / Return Rank
ZPR5.DE
XQUD.DE
ZPR5.DE vs. XQUD.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.57 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.19 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.56 | -0.46 |
| Martin ratioReturn relative to average drawdown | 2.73 | 4.64 | -1.91 |
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 | XQUD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.04 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.31 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.29 | +0.10 |
Drawdowns
ZPR5.DE vs. XQUD.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, which is greater than XQUD.DE's maximum drawdown of -12.01%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and XQUD.DE.
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Drawdown Indicators
| ZPR5.DE | XQUD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -12.01% | -2.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -3.84% | +0.63% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -11.40% | +1.68% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -4.28% | -2.99% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -5.54% | +0.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 1.30% | 0.00% |
Volatility
ZPR5.DE vs. XQUD.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF (XQUD.DE) has a volatility of 1.12%. This indicates that ZPR5.DE experiences smaller price fluctuations and is considered to be less risky than XQUD.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 | XQUD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 1.12% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 3.74% | -0.18% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 5.77% | -0.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 7.98% | -0.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 7.98% | -0.78% |
ZPR5.DE vs. XQUD.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is lower than XQUD.DE's 0.45% expense ratio.
Dividends
ZPR5.DE vs. XQUD.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, while XQUD.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
XQUD.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted 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% |
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 XQUD.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR5.DE is cheaper at 0.42% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR5.DE is cheaper with a 0.42% expense ratio, compared with 0.45% for XQUD.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while XQUD.DE tracks iBoxx® MSCI ESG USD Emerging Markets Sovereigns Quality Weighted. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.42% for ZPR5.DE and 0.45% for XQUD.DE.
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