ZPRC.DE vs. 5MVL.DE
ZPRC.DE (SPDR Refinitiv Global Convertible Bond UCITS ETF) and 5MVL.DE (iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc)) are both exchange-traded funds - ZPRC.DE is a Convertible Bonds fund tracking the Refinitiv Qualified Global Convertible, while 5MVL.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Select Value Factor Focus. Both are passively managed. Over the past 5 years, ZPRC.DE returned 7.58%/yr vs 17.27%/yr for 5MVL.DE. A 0.58 correlation means they provide meaningful diversification when combined. ZPRC.DE charges 0.50%/yr vs 0.40%/yr for 5MVL.DE.
Performance
ZPRC.DE vs. 5MVL.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRC.DE achieves a 19.28% return, which is significantly lower than 5MVL.DE's 45.83% return.
ZPRC.DE
- 1D
- -0.38%
- 1M
- 5.04%
- YTD
- 19.28%
- 6M
- 20.49%
- 1Y
- 33.63%
- 3Y*
- 16.27%
- 5Y*
- 7.58%
- 10Y*
- 8.83%
5MVL.DE
- 1D
- -2.48%
- 1M
- 11.27%
- YTD
- 45.83%
- 6M
- 48.36%
- 1Y
- 82.90%
- 3Y*
- 33.99%
- 5Y*
- 17.27%
- 10Y*
- —
ZPRC.DE vs. 5MVL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 19.28% | 11.36% | 13.71% | 10.51% | -15.60% | 5.44% | 24.70% | 16.78% | -2.55% |
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) | 45.83% | 27.25% | 21.00% | 14.58% | -10.54% | 13.07% | -2.40% | 20.39% | -2.61% |
Correlation
The correlation between ZPRC.DE and 5MVL.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.58 |
The correlation between ZPRC.DE and 5MVL.DE shifts across timeframes, from 0.53 (3 years) to 0.65 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRC.DE vs. 5MVL.DE — Risk / Return Rank
ZPRC.DE
5MVL.DE
ZPRC.DE vs. 5MVL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) and iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.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.
| ZPRC.DE | 5MVL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.39 | ||
| Sortino ratioReturn per unit of downside risk | -1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.53 | 1.73 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.98 | 8.86 | -1.89 |
| Martin ratioReturn relative to average drawdown | 25.17 | 28.83 | -3.66 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRC.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.93 | 4.31 | -1.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.71 | 1.02 | -0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.82 | 0.83 | -0.01 |
Drawdowns
ZPRC.DE vs. 5MVL.DE - Drawdown Comparison
The maximum ZPRC.DE drawdown since its inception was -23.49%, smaller than the maximum 5MVL.DE drawdown of -32.25%. Use the drawdown chart below to compare losses from any high point for ZPRC.DE and 5MVL.DE.
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Drawdown Indicators
| ZPRC.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.49% | -32.25% | +8.76% |
Max Drawdown (1Y)Largest decline over 1 year | -4.80% | -9.30% | +4.50% |
Max Drawdown (3Y)Largest decline over 3 years | -13.00% | -19.15% | +6.15% |
Max Drawdown (5Y)Largest decline over 5 years | -20.71% | -20.60% | -0.11% |
Max Drawdown (10Y)Largest decline over 10 years | -23.49% | — | — |
Current DrawdownCurrent decline from peak | -0.38% | -3.88% | +3.50% |
Average DrawdownAverage peak-to-trough decline | -6.01% | -6.27% | +0.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.33% | 2.87% | -1.54% |
Volatility
ZPRC.DE vs. 5MVL.DE - Volatility Comparison
The current volatility for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) is 3.94%, while iShares Edge MSCI EM Value Factor UCITS ETF USD(Acc) (5MVL.DE) has a volatility of 8.71%. This indicates that ZPRC.DE experiences smaller price fluctuations and is considered to be less risky than 5MVL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRC.DE | 5MVL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.94% | 8.71% | -4.77% |
Volatility (6M)Calculated over the trailing 6-month period | 9.36% | 15.83% | -6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.45% | 19.13% | -7.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.54% | 16.78% | -6.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.76% | 18.84% | -8.08% |
ZPRC.DE vs. 5MVL.DE - Expense Ratio Comparison
ZPRC.DE has a 0.50% expense ratio, which is higher than 5MVL.DE's 0.40% expense ratio.
Dividends
ZPRC.DE vs. 5MVL.DE - Dividend Comparison
ZPRC.DE's dividend yield for the trailing twelve months is around 0.57%, while 5MVL.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
5MVL.DE iShares Edge MSCI EM Value Factor UCITS ETF USD(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% |
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.57% | 0.68% | 0.46% | 0.23% | 0.24% | 0.16% | 0.32% | 0.41% | 0.36% | 0.51% | 0.61% | 0.69% |
Frequently Asked Questions
ZPRC.DE and 5MVL.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, 5MVL.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
5MVL.DE is cheaper with a 0.40% expense ratio, compared with 0.50% for ZPRC.DE.
ZPRC.DE is categorized as Convertible Bonds, while 5MVL.DE is Emerging Markets Equities. ZPRC.DE tracks Refinitiv Qualified Global Convertible, while 5MVL.DE tracks MSCI Emerging Markets Select Value Factor Focus. They also come from different issuers: State Street and iShares. Their fees differ too: 0.50% for ZPRC.DE and 0.40% for 5MVL.DE.
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