ZPR5.DE vs. ZPR6.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) are both Emerging Markets Bonds funds from State Street - ZPR5.DE tracks the ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a while ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Both are passively managed. Over the past 5 years, ZPR5.DE returned 3.18%/yr vs 0.23%/yr for ZPR6.DE. At a 0.08 correlation, their price movements are largely independent. ZPR5.DE charges 0.42%/yr vs 0.47%/yr for ZPR6.DE.
Performance
ZPR5.DE vs. ZPR6.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 ZPR6.DE's 0.15% 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%
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
ZPR5.DE vs. ZPR6.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 1.18% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 0.15% | 5.62% | 3.09% | 3.99% | -9.09% | -1.17% | 0.69% | -0.12% |
Correlation
The correlation between ZPR5.DE and ZPR6.DE is -0.09, 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 | -0.09 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.00 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.08 |
The correlation between ZPR5.DE and ZPR6.DE shifts across timeframes, from -0.09 (1 year) to 0.08 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR5.DE vs. ZPR6.DE — Risk / Return Rank
ZPR5.DE
ZPR6.DE
ZPR5.DE vs. ZPR6.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 ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.98 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.25 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.74 | -0.63 |
| Martin ratioReturn relative to average drawdown | 2.73 | 7.22 | -4.49 |
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 | ZPR6.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.26 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.05 | +0.39 |
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 | 0.07 | +0.32 |
Drawdowns
ZPR5.DE vs. ZPR6.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, which is greater than ZPR6.DE's maximum drawdown of -13.50%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and ZPR6.DE.
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Drawdown Indicators
| ZPR5.DE | ZPR6.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -13.50% | -0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -1.80% | -1.41% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -1.80% | -7.92% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -13.50% | +3.58% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | — | — |
Current DrawdownCurrent decline from peak | -4.28% | -0.37% | -3.91% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -4.62% | -0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 0.43% | +0.87% |
Volatility
ZPR5.DE vs. ZPR6.DE - Volatility Comparison
SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (ZPR5.DE) has a higher volatility of 0.96% compared to SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) at 0.61%. This indicates that ZPR5.DE's price experiences larger fluctuations and is considered to be riskier than ZPR6.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 | ZPR6.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 0.61% | +0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 2.11% | +1.45% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 2.48% | +2.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 4.41% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 5.13% | +2.07% |
ZPR5.DE vs. ZPR6.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is lower than ZPR6.DE's 0.47% expense ratio.
Dividends
ZPR5.DE vs. ZPR6.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, while ZPR6.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZPR6.DE SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc | 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
ZPR5.DE and ZPR6.DE have a correlation of -0.09, 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 0.47% for ZPR6.DE.
ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged). Their fees differ too: 0.42% for ZPR5.DE and 0.47% for ZPR6.DE.
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