ZPRC.DE vs. URTH
Compare and contrast key facts about SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) and iShares MSCI World ETF (URTH).
ZPRC.DE and URTH 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. URTH is a passively managed fund by iShares that tracks the performance of the MSCI World Index. It was launched on Jan 10, 2012. Both ZPRC.DE and URTH are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZPRC.DE or URTH.
Key characteristics
| ZPRC.DE | URTH | |
|---|---|---|
| YTD Return | 3.82% | 15.96% |
| 1Y Return | 6.52% | 25.08% |
| 3Y Return (Ann) | -1.73% | 7.32% |
| 5Y Return (Ann) | 5.66% | 12.54% |
| Sharpe Ratio | 1.02 | 2.02 |
| Daily Std Dev | 6.51% | 12.31% |
| Max Drawdown | -23.49% | -34.01% |
| Current Drawdown | -9.10% | -0.76% |
Correlation
The correlation between ZPRC.DE and URTH is 0.50, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Performance
ZPRC.DE vs. URTH - Performance Comparison
In the year-to-date period, ZPRC.DE achieves a 3.82% return, which is significantly lower than URTH's 15.96% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZPRC.DE vs. URTH - Expense Ratio Comparison
ZPRC.DE has a 0.50% expense ratio, which is higher than URTH's 0.24% expense ratio.
Risk-Adjusted Performance
ZPRC.DE vs. URTH - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) and iShares MSCI World ETF (URTH). 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.
Dividends
ZPRC.DE vs. URTH - Dividend Comparison
ZPRC.DE has not paid dividends to shareholders, while URTH's dividend yield for the trailing twelve months is around 1.49%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
ZPRC.DE SPDR Refinitiv Global Convertible Bond UCITS ETF | 0.00% | 0.12% | 0.27% | 0.18% | 0.35% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
URTH iShares MSCI World ETF | 1.49% | 1.70% | 1.68% | 1.50% | 1.52% | 2.16% | 2.30% | 1.88% | 2.15% | 2.35% | 2.31% | 1.04% |
Drawdowns
ZPRC.DE vs. URTH - Drawdown Comparison
The maximum ZPRC.DE drawdown since its inception was -23.49%, smaller than the maximum URTH drawdown of -34.01%. Use the drawdown chart below to compare losses from any high point for ZPRC.DE and URTH. For additional features, visit the drawdowns tool.
Volatility
ZPRC.DE vs. URTH - Volatility Comparison
The current volatility for SPDR Refinitiv Global Convertible Bond UCITS ETF (ZPRC.DE) is 2.01%, while iShares MSCI World ETF (URTH) has a volatility of 3.94%. This indicates that ZPRC.DE experiences smaller price fluctuations and is considered to be less risky than URTH based on this measure. The chart below showcases a comparison of their rolling one-month volatility.