ZPRA.DE vs. APXJ.DE

Last updated Jun 5, 2026

ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) and APXJ.DE (Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist) are both Asia Pacific Equities funds - ZPRA.DE tracks the S&P Pan Asia Dividend Aristocrats while APXJ.DE tracks the MSCI Pacific ex Japan SRI Filtered PAB. Both are passively managed. Over the past 3 years, ZPRA.DE returned 10.45%/yr vs 2.35%/yr for APXJ.DE. A 0.68 correlation means they provide meaningful diversification when combined. ZPRA.DE charges 0.55%/yr vs 0.45%/yr for APXJ.DE.

Performance

ZPRA.DE vs. APXJ.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRA.DE achieves a 4.42% return, which is significantly higher than APXJ.DE's 2.49% return.

ZPRA.DE

• 1D: -0.22%
• 1M: 0.47%
• YTD: 4.42%
• 6M: 3.08%
• 1Y: 10.80%
• 3Y*: 10.45%
• 5Y*: 5.15%
• 10Y*: 6.59%

APXJ.DE

• 1D: -0.54%
• 1M: -3.68%
• YTD: 2.49%
• 6M: 2.75%
• 1Y: 1.04%
• 3Y*: 2.35%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRA.DE vs. APXJ.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)	4.42%	9.80%	11.25%	11.54%	-10.78%
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist	2.49%	0.37%	5.75%	1.28%	-6.27%

Correlation

The correlation between ZPRA.DE and APXJ.DE is 0.63, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.63
Correlation (3Y) Calculated over the trailing 3-year period	0.68
Correlation (All Time) Calculated using the full available price history since Jan 19, 2022	0.68

The correlation between ZPRA.DE and APXJ.DE has been stable across timeframes, ranging from 0.63 to 0.68 - a consistent structural relationship.

Return for Risk

ZPRA.DE vs. APXJ.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRA.DE

ZPRA.DE Risk / Return Rank: 34
ZPRA.DE Sharpe Ratio Rank: 31
ZPRA.DE Sortino Ratio Rank: 32
ZPRA.DE Omega Ratio Rank: 31
ZPRA.DE Calmar Ratio Rank: 40
ZPRA.DE Martin Ratio Rank: 34

APXJ.DE

APXJ.DE Risk / Return Rank: 10
APXJ.DE Sharpe Ratio Rank: 10
APXJ.DE Sortino Ratio Rank: 10
APXJ.DE Omega Ratio Rank: 10
APXJ.DE Calmar Ratio Rank: 11
APXJ.DE Martin Ratio Rank: 11

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRA.DE vs. APXJ.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) and Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.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.

	ZPRA.DE	APXJ.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.11	0.09	+1.03
Sortino ratio: Return per unit of downside risk	1.68	0.22	+1.46
Omega ratio: Gain probability vs. loss probability	1.20	1.02	+0.18
Calmar ratio: Return relative to maximum drawdown	1.93	0.17	+1.76
Martin ratio: Return relative to average drawdown	5.05	0.39	+4.66
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRA.DE vs. APXJ.DE - Sharpe Ratio Comparison

The current ZPRA.DE Sharpe Ratio is 1.11, which is higher than the APXJ.DE Sharpe Ratio of 0.09. The chart below compares the historical Sharpe Ratios of ZPRA.DE and APXJ.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPRA.DE	APXJ.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.11	0.09	+1.03
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.39	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.46	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.41	0.05	+0.35

Drawdowns

ZPRA.DE vs. APXJ.DE - Drawdown Comparison

The maximum ZPRA.DE drawdown since its inception was -31.54%, which is greater than APXJ.DE's maximum drawdown of -22.00%. Use the drawdown chart below to compare losses from any high point for ZPRA.DE and APXJ.DE.

Drawdown Indicators

	ZPRA.DE	APXJ.DE	Difference
Max Drawdown Largest peak-to-trough decline	-31.54%	-22.00%	-9.54%
Max Drawdown (1Y) Largest decline over 1 year	-5.57%	-6.14%	+0.57%
Max Drawdown (3Y) Largest decline over 3 years	-13.55%	-18.38%	+4.83%
Max Drawdown (5Y) Largest decline over 5 years	-21.66%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-31.54%	—	—
Current Drawdown Current decline from peak	-2.76%	-5.39%	+2.63%
Average Drawdown Average peak-to-trough decline	-6.47%	-9.38%	+2.91%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.13%	2.63%	-0.50%

Volatility

ZPRA.DE vs. APXJ.DE - Volatility Comparison

The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) is 2.71%, while Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist (APXJ.DE) has a volatility of 3.55%. This indicates that ZPRA.DE experiences smaller price fluctuations and is considered to be less risky than APXJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRA.DE	APXJ.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.71%	3.55%	-0.84%
Volatility (6M) Calculated over the trailing 6-month period	7.42%	9.30%	-1.88%
Volatility (1Y) Calculated over the trailing 1-year period	9.67%	11.99%	-2.32%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.92%	14.33%	-1.41%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	14.47%	14.33%	+0.14%

ZPRA.DE vs. APXJ.DE - Expense Ratio Comparison

ZPRA.DE has a 0.55% expense ratio, which is higher than APXJ.DE's 0.45% expense ratio.

Dividends

ZPRA.DE vs. APXJ.DE - Dividend Comparison

ZPRA.DE's dividend yield for the trailing twelve months is around 2.87%, more than APXJ.DE's 2.80% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
APXJ.DE Amundi Index MSCI Pacific ex Japan SRI PAB UCITS ETF EUR Dist	2.80%	2.87%	3.01%	3.43%	2.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)	2.87%	3.01%	2.98%	2.92%	3.64%	4.00%	3.04%	2.62%	2.41%	1.78%	2.25%	3.17%

Frequently Asked Questions

Can I hold both ZPRA.DE and APXJ.DE in my portfolio?

ZPRA.DE and APXJ.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRA.DE or APXJ.DE?

On fees, APXJ.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRA.DE or APXJ.DE?

APXJ.DE is cheaper with a 0.45% expense ratio, compared with 0.55% for ZPRA.DE.

What is the main difference between ZPRA.DE and APXJ.DE?

ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats, while APXJ.DE tracks MSCI Pacific ex Japan SRI Filtered PAB. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.55% for ZPRA.DE and 0.45% for APXJ.DE.