ZPR6.DE vs. SPYM.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - ZPR6.DE is a Emerging Markets Bonds fund tracking the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 8.45%/yr for SPYM.DE. At a 0.29 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.18%/yr for SPYM.DE.
Performance
ZPR6.DE vs. SPYM.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPR6.DE achieves a 0.15% return, which is significantly lower than SPYM.DE's 27.39% return.
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.09%
- YTD
- 0.15%
- 6M
- 0.47%
- 1Y
- 3.13%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
ZPR6.DE vs. SPYM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 10.32% |
Correlation
The correlation between ZPR6.DE and SPYM.DE is 0.42, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.42 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.30 |
The correlation between ZPR6.DE and SPYM.DE shifts across timeframes, from 0.28 (5 years) to 0.42 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPR6.DE vs. SPYM.DE — Risk / Return Rank
ZPR6.DE
SPYM.DE
ZPR6.DE vs. SPYM.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 (EUR Hedged) Acc (ZPR6.DE) and SPDR MSCI Emerging Markets UCITS ETF (SPYM.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.
| ZPR6.DE | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.53 | ||
| Sortino ratioReturn per unit of downside risk | -1.73 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.50 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 4.80 | -3.06 |
| Martin ratioReturn relative to average drawdown | 7.22 | 17.28 | -10.06 |
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
| ZPR6.DE | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 2.79 | -1.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.50 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.54 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.34 | -0.27 |
Drawdowns
ZPR6.DE vs. SPYM.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and SPYM.DE.
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Drawdown Indicators
| ZPR6.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -36.28% | +22.78% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -10.38% | +8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -18.96% | +17.16% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -23.86% | +10.36% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.69% | — |
Current DrawdownCurrent decline from peak | -0.37% | -2.74% | +2.37% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -9.95% | +5.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 2.89% | -2.46% |
Volatility
ZPR6.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc (ZPR6.DE) is 0.61%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPR6.DE | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 7.34% | -6.73% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 15.16% | -13.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 17.87% | -15.39% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 16.78% | -12.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 18.40% | -13.27% |
ZPR6.DE vs. SPYM.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
ZPR6.DE vs. SPYM.DE - Dividend Comparison
Neither ZPR6.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and SPYM.DE have a correlation of 0.42, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.47% for ZPR6.DE.
ZPR6.DE is categorized as Emerging Markets Bonds, while SPYM.DE is Emerging Markets Equities. ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.47% for ZPR6.DE and 0.18% for SPYM.DE.
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