ZPR6.DE vs. ZPRX.DE
ZPR6.DE (SPDR ICE BofA 0-5 Year EM USD Government Bond UCITS ETF (EUR Hedged) Acc) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 5 years, ZPR6.DE returned 0.23%/yr vs 7.77%/yr for ZPRX.DE. At a 0.39 correlation, their price movements are largely independent. ZPR6.DE charges 0.47%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPR6.DE vs. ZPRX.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 ZPRX.DE's 7.81% 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*
- —
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPR6.DE vs. ZPRX.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% |
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% | 14.91% |
Correlation
The correlation between ZPR6.DE and ZPRX.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.39 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Jun 19, 2019 | 0.39 |
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Return for Risk
ZPR6.DE vs. ZPRX.DE — Risk / Return Rank
ZPR6.DE
ZPRX.DE
ZPR6.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 (EUR Hedged) Acc (ZPR6.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.
| ZPR6.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.22 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.74 | 1.47 | +0.27 |
| Martin ratioReturn relative to average drawdown | 7.22 | 5.42 | +1.80 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 1.23 | +0.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.05 | 0.46 | -0.41 |
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 | 0.39 | -0.33 |
Drawdowns
ZPR6.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPR6.DE drawdown since its inception was -13.50%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPR6.DE and ZPRX.DE.
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Drawdown Indicators
| ZPR6.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -13.50% | -43.93% | +30.43% |
Max Drawdown (1Y)Largest decline over 1 year | -1.80% | -11.63% | +9.83% |
Max Drawdown (3Y)Largest decline over 3 years | -1.80% | -15.95% | +14.15% |
Max Drawdown (5Y)Largest decline over 5 years | -13.50% | -27.52% | +14.02% |
Max Drawdown (10Y)Largest decline over 10 years | — | -43.93% | — |
Current DrawdownCurrent decline from peak | -0.37% | -1.51% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -4.62% | -7.71% | +3.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.43% | 3.16% | -2.73% |
Volatility
ZPR6.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that ZPR6.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
| ZPR6.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.61% | 4.17% | -3.56% |
Volatility (6M)Calculated over the trailing 6-month period | 2.11% | 11.30% | -9.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.48% | 13.94% | -11.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.41% | 16.69% | -12.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.13% | 18.14% | -13.01% |
ZPR6.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPR6.DE has a 0.47% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPR6.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPR6.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPR6.DE and ZPRX.DE have a correlation of 0.48, 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 0.47% for ZPR6.DE.
ZPR6.DE is categorized as Emerging Markets Bonds, while ZPRX.DE is Europe Equities. ZPR6.DE tracks ICE BofAML 0-5 EM USD Government Bond (EUR Hedged), while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.47% for ZPR6.DE and 0.30% for ZPRX.DE.
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