ZPRE.DE vs. CEMT.DE
Compare and contrast key facts about SPDR MSCI EMU UCITS ETF (ZPRE.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE).
ZPRE.DE and CEMT.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRE.DE is a passively managed fund by State Street that tracks the performance of the MSCI EMU. It was launched on Jan 25, 2013. CEMT.DE is a passively managed fund by iShares that tracks the performance of the MSCI Europe Mid Cap Equal Weighted. It was launched on Jan 16, 2015. Both ZPRE.DE and CEMT.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
ZPRE.DE vs. CEMT.DE - Performance Comparison
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ZPRE.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRE.DE SPDR MSCI EMU UCITS ETF | 0.39% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 27.13% | -12.82% | 13.22% |
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% | -13.99% | 13.62% |
Returns By Period
Over the past 10 years, ZPRE.DE has outperformed CEMT.DE with an annualized return of 9.45%, while CEMT.DE has yielded a comparatively lower 6.77% annualized return.
ZPRE.DE
- 1D
- -0.07%
- 1M
- -0.41%
- YTD
- 0.39%
- 6M
- 3.52%
- 1Y
- 14.69%
- 3Y*
- 13.32%
- 5Y*
- 9.85%
- 10Y*
- 9.45%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 1.73%
- 1Y
- 12.20%
- 3Y*
- 9.56%
- 5Y*
- 5.03%
- 10Y*
- 6.77%
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ZPRE.DE vs. CEMT.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% 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%.
Return for Risk
ZPRE.DE vs. CEMT.DE — Risk / Return Rank
ZPRE.DE
CEMT.DE
ZPRE.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.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.
| ZPRE.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.91 | 1.00 | -0.08 |
Sortino ratioReturn per unit of downside risk | 1.29 | 1.33 | -0.04 |
Omega ratioGain probability vs. loss probability | 1.19 | 1.30 | -0.11 |
Calmar ratioReturn relative to maximum drawdown | 1.77 | 1.28 | +0.50 |
Martin ratioReturn relative to average drawdown | 6.82 | 7.43 | -0.61 |
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 | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 1.00 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.61 | 0.34 | +0.28 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.41 | +0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.51 | 0.38 | +0.13 |
Correlation
The correlation between ZPRE.DE and CEMT.DE is 0.91, 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
ZPRE.DE vs. CEMT.DE - Dividend Comparison
Neither ZPRE.DE nor CEMT.DE has paid dividends to shareholders.
Drawdowns
ZPRE.DE vs. CEMT.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and CEMT.DE.
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Drawdown Indicators
| ZPRE.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -37.66% | -0.50% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.56% | -0.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -29.23% | +4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -37.66% | -0.50% |
Current DrawdownCurrent decline from peak | -6.27% | -0.39% | -5.88% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -7.18% | +1.31% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 1.64% | +1.03% |
Volatility
ZPRE.DE vs. CEMT.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 6.17% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ZPRE.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
| ZPRE.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.17% | 0.00% | +6.17% |
Volatility (6M)Calculated over the trailing 6-month period | 10.15% | 2.41% | +7.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.99% | 11.78% | +4.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.90% | 14.79% | +1.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.07% | 16.20% | +0.87% |