ZPRA.DE vs. ZPRX.DE
ZPRA.DE (SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPRA.DE is a Asia Pacific Equities fund tracking the S&P Pan Asia Dividend Aristocrats, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPRA.DE returned 6.59%/yr vs 8.15%/yr for ZPRX.DE. A 0.59 correlation means they provide meaningful diversification when combined. ZPRA.DE charges 0.55%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPRA.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRA.DE achieves a 4.42% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, ZPRA.DE has underperformed ZPRX.DE with an annualized return of 6.59%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized 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%
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%
ZPRA.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRA.DE SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) | 4.42% | 9.80% | 11.25% | 11.54% | -10.70% | 12.81% | -9.50% | 24.48% | -4.62% | 13.94% |
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% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPRA.DE and ZPRX.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.59 |
The correlation between ZPRA.DE and ZPRX.DE has been stable across timeframes, ranging from 0.51 to 0.59 - a consistent structural relationship.
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Return for Risk
ZPRA.DE vs. ZPRX.DE — Risk / Return Rank
ZPRA.DE
ZPRX.DE
ZPRA.DE vs. ZPRX.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 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.
| ZPRA.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | -0.14 | ||
| Omega ratioGain probability vs. loss probability | 1.20 | 1.22 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.93 | 1.47 | +0.46 |
| Martin ratioReturn relative to average drawdown | 5.05 | 5.42 | -0.37 |
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
| ZPRA.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.11 | 1.23 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.39 | 0.46 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.45 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 0.39 | +0.01 |
Drawdowns
ZPRA.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPRA.DE drawdown since its inception was -31.54%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPRA.DE and ZPRX.DE.
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Drawdown Indicators
| ZPRA.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.54% | -43.93% | +12.39% |
Max Drawdown (1Y)Largest decline over 1 year | -5.57% | -11.63% | +6.06% |
Max Drawdown (3Y)Largest decline over 3 years | -13.55% | -15.95% | +2.40% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -27.52% | +5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -31.54% | -43.93% | +12.39% |
Current DrawdownCurrent decline from peak | -2.76% | -1.51% | -1.25% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -7.71% | +1.24% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 3.16% | -1.03% |
Volatility
ZPRA.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR S&P Pan Asia Dividend Aristocrats UCITS ETF (Dist) (ZPRA.DE) is 2.71%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that ZPRA.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
| ZPRA.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.71% | 4.17% | -1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 7.42% | 11.30% | -3.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.67% | 13.94% | -4.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.92% | 16.69% | -3.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.47% | 18.14% | -3.67% |
ZPRA.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPRA.DE has a 0.55% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPRA.DE vs. ZPRX.DE - Dividend Comparison
ZPRA.DE's dividend yield for the trailing twelve months is around 2.87%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 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
ZPRA.DE and ZPRX.DE have a correlation of 0.59, 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 0.55% for ZPRA.DE.
ZPRA.DE is categorized as Asia Pacific Equities, while ZPRX.DE is Europe Equities. ZPRA.DE tracks S&P Pan Asia Dividend Aristocrats, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.55% for ZPRA.DE and 0.30% for ZPRX.DE.
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