ZPRE.DE vs. AMED.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and AMED.DE (Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C)) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while AMED.DE tracks the MSCI EMU ESG Leaders Select 5% Issuer Capped. Both are passively managed. Over the past 10 years, ZPRE.DE returned 9.98%/yr vs 9.75%/yr for AMED.DE. With a 0.99 correlation, they move nearly in lockstep. ZPRE.DE charges 0.18%/yr vs 0.25%/yr for AMED.DE.
Performance
ZPRE.DE vs. AMED.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 lower than AMED.DE's 16.87% return. Both investments have delivered pretty close results over the past 10 years, with ZPRE.DE having a 9.98% annualized return and AMED.DE not far behind at 9.75%.
ZPRE.DE
- 1D
- 0.59%
- 1M
- 4.67%
- YTD
- 9.05%
- 6M
- 10.89%
- 1Y
- 18.16%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
AMED.DE
- 1D
- 0.51%
- 1M
- 7.96%
- YTD
- 16.87%
- 6M
- 18.54%
- 1Y
- 26.45%
- 3Y*
- 16.11%
- 5Y*
- 10.41%
- 10Y*
- 9.75%
ZPRE.DE vs. AMED.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% |
AMED.DE Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) | 16.87% | 20.15% | 5.95% | 16.68% | -10.71% | 20.90% | -1.35% | 27.22% | -12.98% | 11.86% |
Correlation
The correlation between ZPRE.DE and AMED.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.99 |
The correlation between ZPRE.DE and AMED.DE has been stable across timeframes, ranging from 0.94 to 0.99 - a consistent structural relationship.
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Return for Risk
ZPRE.DE vs. AMED.DE — Risk / Return Rank
ZPRE.DE
AMED.DE
ZPRE.DE vs. AMED.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 MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.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 | AMED.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.69 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.33 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.49 | -0.73 |
| Martin ratioReturn relative to average drawdown | 6.43 | 9.40 | -2.97 |
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 | AMED.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.74 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.65 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.57 | +0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.47 | +0.07 |
Drawdowns
ZPRE.DE vs. AMED.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, roughly equal to the maximum AMED.DE drawdown of -38.35%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and AMED.DE.
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Drawdown Indicators
| ZPRE.DE | AMED.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -38.35% | +0.19% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.56% | +0.29% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -14.07% | -1.06% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -24.06% | -0.42% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -38.35% | +0.19% |
Current DrawdownCurrent decline from peak | -0.47% | -0.17% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -6.69% | +0.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.81% | +0.01% |
Volatility
ZPRE.DE vs. AMED.DE - Volatility Comparison
The current volatility for SPDR MSCI EMU UCITS ETF (ZPRE.DE) is 4.62%, while Amundi MSCI EMU ESG Leaders Select UCITS ETF DR EUR (C) (AMED.DE) has a volatility of 5.61%. This indicates that ZPRE.DE experiences smaller price fluctuations and is considered to be less risky than AMED.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 | AMED.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 5.61% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 12.64% | -0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 15.19% | -0.67% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 15.87% | +0.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 17.00% | +0.12% |
ZPRE.DE vs. AMED.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is lower than AMED.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
ZPRE.DE vs. AMED.DE - Dividend Comparison
Neither ZPRE.DE nor AMED.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ZPRE.DE and AMED.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.25% for AMED.DE.
ZPRE.DE tracks MSCI EMU, while AMED.DE tracks MSCI EMU ESG Leaders Select 5% Issuer Capped. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for ZPRE.DE and 0.25% for AMED.DE.
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