ZPR6.DE vs. XQUA.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and XQUA.DE (Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D) are both Emerging Markets Bonds funds - ZPR6.DE tracks the ICE BofAML 0-5 EM USD Government Bond (EUR Hedged) while XQUA.DE tracks the JPM EMBI Global Diversified TR USD. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 0.43%/yr for XQUA.DE. At a 0.39 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.45%/yr for XQUA.DE.
Performance
ZPR6.DE vs. XQUA.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 XQUA.DE's 1.67% 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*
- —
XQUA.DE
- 1D
- -0.04%
- 1M
- 1.14%
- YTD
- 1.67%
- 6M
- 0.76%
- 1Y
- 5.29%
- 3Y*
- 1.89%
- 5Y*
- 0.43%
- 10Y*
- 1.37%
ZPR6.DE vs. XQUA.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% |
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 1.67% | -1.83% | 4.80% | 3.61% | -12.81% | 6.04% | -3.38% | 5.61% |
Correlation
The correlation between ZPR6.DE and XQUA.DE is 0.15, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.16 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
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 | 0.39 |
Over the past year, the correlation between ZPR6.DE and XQUA.DE has dropped to 0.15 - well below their long-term average of 0.39, suggesting their price drivers have been diverging.
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Return for Risk
ZPR6.DE vs. XQUA.DE — Risk / Return Rank
ZPR6.DE
XQUA.DE
ZPR6.DE vs. XQUA.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.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 | XQUA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.36 | ||
| Sortino ratioReturn per unit of downside risk | +0.60 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.16 | +0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.28 | +0.46 |
| Martin ratioReturn relative to average drawdown | 7.22 | 3.54 | +3.68 |
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 | XQUA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.91 | +0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.05 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.15 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.16 | -0.09 |
Drawdowns
ZPR6.DE vs. XQUA.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum XQUA.DE drawdown of -20.18%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and XQUA.DE.
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Drawdown Indicators
| ZPR6.DE | XQUA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -20.18% | +6.68% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -4.12% | +2.32% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -11.44% | +9.64% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -16.68% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | — | -20.18% | — |
Current DrawdownCurrent decline from peak | -0.37% | -8.97% | +8.60% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -8.61% | +3.99% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 1.49% | -1.06% |
Volatility
ZPR6.DE vs. XQUA.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 Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D (XQUA.DE) has a volatility of 1.13%. This indicates that ZPR6.DE experiences smaller price fluctuations and is considered to be less risky than XQUA.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 | XQUA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 1.13% | -0.52% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 3.85% | -1.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 5.82% | -3.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 8.31% | -3.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 8.85% | -3.72% |
ZPR6.DE vs. XQUA.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than XQUA.DE's 0.45% expense ratio.
Dividends
ZPR6.DE vs. XQUA.DE - Dividend Comparison
ZPR6.DE has not paid dividends to shareholders, while XQUA.DE's dividend yield for the trailing twelve months is around 3.90%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
XQUA.DE Xtrackers ESG USD Emerging Markets Bond Quality Weighted UCITS ETF 1D | 3.90% | 4.38% | 4.01% | 4.02% | 6.75% | 3.16% | 4.33% | 3.72% | 2.50% | 3.53% |
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% |
Frequently Asked Questions
ZPR6.DE and XQUA.DE have a correlation of 0.15, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XQUA.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XQUA.DE is cheaper with a 0.45% expense ratio, compared with 0.47% for ZPR6.DE.
ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while XQUA.DE tracks JPM EMBI Global Diversified TR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.47% for ZPR6.DE and 0.45% for XQUA.DE.
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