ZPR6.DE vs. SPYW.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) 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 SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 8.07%/yr for SPYW.DE. At a 0.37 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.30%/yr for SPYW.DE.
Performance
ZPR6.DE vs. SPYW.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 SPYW.DE's 5.36% return.
ZPR6.DE
- 1D
- 0.04%
- 1M
- -0.19%
- YTD
- 0.15%
- 6M
- 0.48%
- 1Y
- 3.15%
- 3Y*
- 4.05%
- 5Y*
- 0.23%
- 10Y*
- —
SPYW.DE
- 1D
- 0.09%
- 1M
- -1.61%
- YTD
- 5.36%
- 6M
- 7.50%
- 1Y
- 7.59%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPR6.DE vs. SPYW.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% |
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% | 6.29% |
Correlation
The correlation between ZPR6.DE and SPYW.DE is 0.40, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.40 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.36 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.37 |
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Return for Risk
ZPR6.DE vs. SPYW.DE — Risk / Return Rank
ZPR6.DE
SPYW.DE
ZPR6.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 (EUR Hedged) Acc (ZPR6.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.
| ZPR6.DE | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.52 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.14 | +0.11 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 0.98 | +0.76 |
| Martin ratioReturn relative to average drawdown | 7.22 | 3.14 | +4.08 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.74 | +0.52 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.60 | -0.55 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.45 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.53 | -0.46 |
Drawdowns
ZPR6.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and SPYW.DE.
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Drawdown Indicators
| ZPR6.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -38.68% | +25.18% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -7.99% | +6.19% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -11.64% | +9.84% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -23.97% | +10.47% |
Max Drawdown (10Y)Largest decline over 10 years | — | -38.68% | — |
Current DrawdownCurrent decline from peak | -0.37% | -2.54% | +2.17% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -5.62% | +1.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 2.50% | -2.07% |
Volatility
ZPR6.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) has a volatility of 2.92%. This indicates that ZPR6.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
| ZPR6.DE | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 2.92% | -2.31% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 8.76% | -6.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 10.65% | -8.17% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 13.27% | -8.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 14.88% | -9.75% |
ZPR6.DE vs. SPYW.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.
Dividends
ZPR6.DE vs. SPYW.DE - Dividend Comparison
ZPR6.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| 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% |
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
ZPR6.DE and SPYW.DE have a correlation of 0.40, 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 0.47% for ZPR6.DE.
ZPR6.DE is categorized as Emerging Markets Bonds, while SPYW.DE is Europe Equities. ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.47% for ZPR6.DE and 0.30% for SPYW.DE.
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