ZPRD.DE vs. CEMT.DE
ZPRD.DE (SPDR FTSE UK All Share UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ZPRD.DE tracks the FTSE All-Share while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 5 years, ZPRD.DE returned 10.23%/yr vs 4.08%/yr for CEMT.DE. A 0.78 correlation means they provide meaningful diversification when combined. ZPRD.DE charges 0.20%/yr vs 0.25%/yr for CEMT.DE.
Performance
ZPRD.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
ZPRD.DE
- 1D
- 0.37%
- 1M
- 2.17%
- YTD
- 5.97%
- 6M
- 8.29%
- 1Y
- 20.39%
- 3Y*
- 14.10%
- 5Y*
- 10.23%
- 10Y*
- —
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
ZPRD.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRD.DE SPDR FTSE UK All Share UCITS ETF | 5.97% | 23.92% | 8.36% | 8.17% | -0.15% | 15.48% | -8.93% | 22.45% | -7.86% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -14.38% |
Correlation
The correlation between ZPRD.DE and CEMT.DE is 0.34, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.34 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 30, 2018 | 0.78 |
Over the past year, the correlation between ZPRD.DE and CEMT.DE has dropped to 0.34 - well below their long-term average of 0.78, suggesting their price drivers have been diverging.
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Return for Risk
ZPRD.DE vs. CEMT.DE — Risk / Return Rank
ZPRD.DE
CEMT.DE
ZPRD.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE UK All Share UCITS ETF (ZPRD.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| ZPRD.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.61 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.21 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 2.30 | 1.10 | +1.20 |
| Martin ratioReturn relative to average drawdown | 7.88 | 4.03 | +3.84 |
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
| ZPRD.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.87 | 0.77 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.80 | 0.28 | +0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.40 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.50 | 0.37 | +0.13 |
Drawdowns
ZPRD.DE vs. CEMT.DE - Drawdown Comparison
The maximum ZPRD.DE drawdown since its inception was -35.32%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ZPRD.DE and CEMT.DE.
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Drawdown Indicators
| ZPRD.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.32% | -37.66% | +2.34% |
Max Drawdown (1Y)Largest decline over 1 year | -8.84% | -4.26% | -4.58% |
Max Drawdown (3Y)Largest decline over 3 years | -13.17% | -14.36% | +1.19% |
Max Drawdown (5Y)Largest decline over 5 years | -13.17% | -29.23% | +16.06% |
Max Drawdown (10Y)Largest decline over 10 years | — | -37.66% | — |
Current DrawdownCurrent decline from peak | -3.58% | -0.39% | -3.19% |
Average DrawdownAverage peak-to-trough decline | -4.72% | -7.08% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.58% | 1.16% | +1.42% |
Volatility
ZPRD.DE vs. CEMT.DE - Volatility Comparison
SPDR FTSE UK All Share UCITS ETF (ZPRD.DE) has a higher volatility of 3.64% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ZPRD.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRD.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 0.00% | +3.64% |
Volatility (6M)Calculated over the trailing 6-month period | 9.41% | 0.00% | +9.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.83% | 6.11% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.67% | 14.61% | -1.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.23% | 16.11% | -0.88% |
ZPRD.DE vs. CEMT.DE - Expense Ratio Comparison
ZPRD.DE has a 0.20% expense ratio, which is lower than CEMT.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPRD.DE vs. CEMT.DE - Dividend Comparison
ZPRD.DE's dividend yield for the trailing twelve months is around 2.69%, while CEMT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPRD.DE SPDR FTSE UK All Share UCITS ETF | 2.69% | 2.95% | 3.76% | 3.34% | 3.42% | 3.25% | 2.97% | 5.37% | 3.66% |
Frequently Asked Questions
ZPRD.DE and CEMT.DE have a correlation of 0.34, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRD.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRD.DE is cheaper with a 0.20% expense ratio, compared with 0.25% for CEMT.DE.
ZPRD.DE tracks FTSE All-Share, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRD.DE and 0.25% for CEMT.DE.
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