ZPR5.DE vs. ZPRX.DE
ZPR5.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPR5.DE returned 2.25%/yr vs 8.15%/yr for ZPRX.DE. At a 0.06 correlation, their price movements are largely independent. ZPR5.DE charges 0.42%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPR5.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, ZPR5.DE has underperformed ZPRX.DE with an annualized return of 2.25%, while ZPRX.DE has yielded a comparatively higher 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPR5.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPR5.DE and ZPRX.DE is -0.06, 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 | -0.06 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.10 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.12 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.01 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.06 |
The correlation between ZPR5.DE and ZPRX.DE shifts across timeframes, from -0.12 (5 years) to 0.06 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR5.DE vs. ZPRX.DE — Risk / Return Rank
ZPR5.DE
ZPRX.DE
ZPR5.DE vs. ZPRX.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 MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.57 | ||
| Sortino ratioReturn per unit of downside risk | -0.84 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.11 | 1.47 | -0.36 |
| Martin ratioReturn relative to average drawdown | 2.73 | 5.42 | -2.70 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.65 | 1.23 | -0.57 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.45 | 0.46 | -0.01 |
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 | 0.39 | -0.01 |
Drawdowns
ZPR5.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPR5.DE drawdown since its inception was -14.48%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPR5.DE and ZPRX.DE.
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Drawdown Indicators
| ZPR5.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -14.48% | -43.93% | +29.45% |
Max Drawdown (1Y)Largest decline over 1 year | -3.21% | -11.63% | +8.42% |
Max Drawdown (3Y)Largest decline over 3 years | -9.72% | -15.95% | +6.23% |
Max Drawdown (5Y)Largest decline over 5 years | -9.92% | -27.52% | +17.60% |
Max Drawdown (10Y)Largest decline over 10 years | -14.48% | -43.93% | +29.45% |
Current DrawdownCurrent decline from peak | -4.28% | -1.51% | -2.77% |
Average DrawdownAverage peak-to-trough decline | -4.88% | -7.71% | +2.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.30% | 3.16% | -1.86% |
Volatility
ZPR5.DE vs. ZPRX.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 MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that ZPR5.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.96% | 4.17% | -3.21% |
Volatility (6M)Calculated over the trailing 6-month period | 3.56% | 11.30% | -7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 5.43% | 13.94% | -8.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 7.04% | 16.69% | -9.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 7.20% | 18.14% | -10.94% |
ZPR5.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPR5.DE has a 0.42% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPR5.DE vs. ZPRX.DE - Dividend Comparison
ZPR5.DE's dividend yield for the trailing twelve months is around 4.83%, while ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value 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% |
Frequently Asked Questions
ZPR5.DE and ZPRX.DE have a correlation of -0.06, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.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 ZPRX.DE is Europe Equities. ZPR5.DE tracks ICE BofA Emerging Markets USD Government Bond 0-5 ex-144a, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.42% for ZPR5.DE and 0.30% for ZPRX.DE.
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