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ZPRC.DE vs. SPPY.DE
Performance
Return for Risk
Dividends
Drawdowns
Volatility

ZPRC.DE vs. SPPY.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE).

ZPRC.DE and SPPY.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRC.DE is a passively managed fund by State Street that tracks the performance of the Refinitiv Qualified Global Convertible. It was launched on Oct 14, 2014. SPPY.DE is a passively managed fund by State Street that tracks the performance of the S&P 500 Scored & Screened Leaders Index. It was launched on Dec 2, 2019. Both ZPRC.DE and SPPY.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZPRC.DE vs. SPPY.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) and State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE). The values are adjusted to include any dividend payments, if applicable.

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ZPRC.DE vs. SPPY.DE - Yearly Performance Comparison

2026 (YTD)2025202420232022202120202019
ZPRC.DE
SPDR Refinitiv Global Convertible Bond UCITS ETF		5.86%11.36%13.71%10.51%-15.60%5.44%24.70%2.65%
SPPY.DE
State Street SPDR S&P 500 Leaders UCITS ETF		-2.75%4.44%32.87%26.92%-14.47%41.09%8.04%4.57%

Returns By Period

In the year-to-date period, ZPRC.DE achieves a 5.86% return, which is significantly higher than SPPY.DE's -2.75% return.

ZPRC.DE

1D
2.43%
1M
-2.45%
YTD
5.86%
6M
9.41%
1Y
18.47%
3Y*
12.71%
5Y*
4.44%
10Y*
7.77%

SPPY.DE

1D
1.74%
1M
-3.68%
YTD
-2.75%
6M
1.44%
1Y
12.18%
3Y*
16.92%
5Y*
13.03%
10Y*
—
*Multi-year figures are annualized to reflect compound growth (CAGR)

Compare stocks, funds, or ETFs

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SPDR Refinitiv Global Convertible Bond UCITS ETF

State Street SPDR S&P 500 Leaders UCITS ETF

Often compared with ZPRC.DE:
ZPRC.DE vs. CWBZPRC.DE vs. URTHZPRC.DE vs. BMAXZPRC.DE vs. SPPW.DEZPRC.DE vs. SPYL.DEZPRC.DE vs. SPY5.DEZPRC.DE vs. SPYI.DE
Often compared with SPPY.DE:
SPPY.DE vs. SPY5.DESPPY.DE vs. IQSA.DESPPY.DE vs. PQVG.LSPPY.DE vs. LGJG.LSPPY.DE vs. EUN.LSPPY.DE vs. JREE.DESPPY.DE vs. XZMU.DE

ZPRC.DE vs. SPPY.DE - Expense Ratio Comparison

ZPRC.DE has a 0.50% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.

ZPRC.DE
SPDR Refinitiv Global Convertible Bond UCITS ETF
SPPY.DE
State Street SPDR S&P 500 Leaders UCITS ETF

Return for Risk

ZPRC.DE vs. SPPY.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZPRC.DE
ZPRC.DE Risk / Return Rank: 7979
Overall Rank
ZPRC.DE Sharpe Ratio Rank: 7575
Sharpe Ratio Rank
ZPRC.DE Sortino Ratio Rank: 7373
Sortino Ratio Rank
ZPRC.DE Omega Ratio Rank: 6969
Omega Ratio Rank
ZPRC.DE Calmar Ratio Rank: 9292
Calmar Ratio Rank
ZPRC.DE Martin Ratio Rank: 8989
Martin Ratio Rank
SPPY.DE
SPPY.DE Risk / Return Rank: 4343
Overall Rank
SPPY.DE Sharpe Ratio Rank: 3535
Sharpe Ratio Rank
SPPY.DE Sortino Ratio Rank: 3434
Sortino Ratio Rank
SPPY.DE Omega Ratio Rank: 3636
Omega Ratio Rank
SPPY.DE Calmar Ratio Rank: 5353
Calmar Ratio Rank
SPPY.DE Martin Ratio Rank: 5454
Martin Ratio Rank
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.

ZPRC.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.DESPPY.DEDifference

Sharpe ratio

Return per unit of total volatility

1.43

0.71

+0.72

Sortino ratio

Return per unit of downside risk

1.94

1.05

+0.90

Omega ratio

Gain probability vs. loss probability

1.27

1.15

+0.12

Calmar ratio

Return relative to maximum drawdown

3.59

1.45

+2.14

Martin ratio

Return relative to average drawdown

12.18

5.58

+6.60

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRC.DE vs. SPPY.DE - Sharpe Ratio Comparison

The current ZPRC.DE Sharpe Ratio is 1.43, which is higher than the SPPY.DE Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ZPRC.DE and SPPY.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

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Sharpe Ratios by Period

ZPRC.DESPPY.DEDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

1.43

0.71

+0.72

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.42

0.83

-0.42

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.72

—

—

Sharpe Ratio (All Time)

Calculated using the full available price history

0.73

0.80

-0.07

Correlation

The correlation between ZPRC.DE and SPPY.DE is 0.71, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZPRC.DE vs. SPPY.DE - Dividend Comparison

ZPRC.DE's dividend yield for the trailing twelve months is around 0.64%, while SPPY.DE has not paid dividends to shareholders.

TTM20252024202320222021202020192018201720162015
ZPRC.DE
SPDR Refinitiv Global Convertible Bond UCITS ETF		0.64%0.68%0.46%0.23%0.24%0.16%0.32%0.41%0.36%0.51%0.61%0.69%
SPPY.DE
State Street SPDR S&P 500 Leaders 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%

Drawdowns

ZPRC.DE vs. SPPY.DE - Drawdown Comparison

The maximum ZPRC.DE drawdown since its inception was -23.49%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPRC.DE and SPPY.DE.

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Drawdown Indicators

ZPRC.DESPPY.DEDifference

Max Drawdown

Largest peak-to-trough decline

-23.49%

-33.31%

+9.82%

Max Drawdown (1Y)

Largest decline over 1 year

-7.58%

-13.53%

+5.95%

Max Drawdown (5Y)

Largest decline over 5 years

-20.71%

-23.82%

+3.11%

Max Drawdown (10Y)

Largest decline over 10 years

-23.49%

—

—

Current Drawdown

Current decline from peak

-2.49%

-4.75%

+2.26%

Average Drawdown

Average peak-to-trough decline

-6.09%

-4.95%

-1.14%

Ulcer Index

Depth and duration of drawdowns from previous peaks

1.59%

2.21%

-0.62%

Volatility

ZPRC.DE vs. SPPY.DE - Volatility Comparison

SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) has a higher volatility of 5.40% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 3.99%. This indicates that ZPRC.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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.DESPPY.DEDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.40%

3.99%

+1.41%

Volatility (6M)

Calculated over the trailing 6-month period

9.34%

8.42%

+0.92%

Volatility (1Y)

Calculated over the trailing 1-year period

12.91%

17.20%

-4.29%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

10.56%

15.45%

-4.89%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

10.68%

17.72%

-7.04%