ZPRE.DE vs. 18M2.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, ZPRE.DE returned 9.98%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.90 suggests significant overlap in exposure. ZPRE.DE charges 0.18%/yr vs 0.30%/yr for 18M2.DE.
Performance
ZPRE.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRE.DE achieves a 9.05% return, which is significantly higher than 18M2.DE's 6.76% return. Over the past 10 years, ZPRE.DE has outperformed 18M2.DE with an annualized return of 9.98%, while 18M2.DE has yielded a comparatively lower 8.26% annualized return.
ZPRE.DE
- 1D
- 0.59%
- 1M
- 2.03%
- YTD
- 9.05%
- 6M
- 10.79%
- 1Y
- 17.71%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
18M2.DE
- 1D
- 0.32%
- 1M
- -0.40%
- YTD
- 6.76%
- 6M
- 8.83%
- 1Y
- 15.64%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPRE.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 27.13% | -12.82% | 13.22% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between ZPRE.DE and 18M2.DE is 0.75, 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 | 0.75 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.90 |
The correlation between ZPRE.DE and 18M2.DE shifts across timeframes, from 0.75 (1 year) to 0.90 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRE.DE vs. 18M2.DE — Risk / Return Rank
ZPRE.DE
18M2.DE
ZPRE.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ZPRE.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.24 | ||
| Sortino ratioReturn per unit of downside risk | -0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.55 | -0.79 |
| Martin ratioReturn relative to average drawdown | 6.43 | 6.71 | -0.28 |
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
| ZPRE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.49 | -0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.66 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.53 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.44 | +0.10 |
Drawdowns
ZPRE.DE vs. 18M2.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, roughly equal to the maximum 18M2.DE drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and 18M2.DE.
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Drawdown Indicators
| ZPRE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -37.06% | -1.10% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -6.19% | -4.08% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -14.68% | -0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -20.81% | -3.67% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -37.06% | -1.10% |
Current DrawdownCurrent decline from peak | -0.47% | -1.44% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -6.42% | +0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.36% | +0.46% |
Volatility
ZPRE.DE vs. 18M2.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 4.62% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that ZPRE.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRE.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 2.63% | +1.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 8.33% | +3.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 10.62% | +3.90% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.41% | +2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 15.44% | +1.68% |
ZPRE.DE vs. 18M2.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
ZPRE.DE vs. 18M2.DE - Dividend Comparison
Neither ZPRE.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRE.DE and 18M2.DE have a correlation of 0.75, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRE.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRE.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for 18M2.DE.
ZPRE.DE tracks MSCI EMU, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for ZPRE.DE and 0.30% for 18M2.DE.
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