ZPRE.DE vs. EUPA.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, ZPRE.DE returned 15.98%/yr vs 17.95%/yr for EUPA.DE. A 0.67 correlation means they provide meaningful diversification when combined. ZPRE.DE charges 0.18%/yr vs 0.65%/yr for EUPA.DE.
Performance
ZPRE.DE vs. EUPA.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRE.DE achieves a 9.05% return, which is significantly higher than EUPA.DE's 8.36% return.
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%
EUPA.DE
- 1D
- 0.63%
- 1M
- -0.88%
- YTD
- 8.36%
- 6M
- 9.89%
- 1Y
- 17.44%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
ZPRE.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 6.76% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between ZPRE.DE and EUPA.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.67 |
The correlation between ZPRE.DE and EUPA.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRE.DE vs. EUPA.DE — Risk / Return Rank
ZPRE.DE
EUPA.DE
ZPRE.DE vs. EUPA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.DE) and Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.38 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 2.02 | -0.25 |
| Martin ratioReturn relative to average drawdown | 6.43 | 7.49 | -1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRE.DE | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.57 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | — | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 1.30 | -0.76 |
Drawdowns
ZPRE.DE vs. EUPA.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and EUPA.DE.
Loading charts...
Drawdown Indicators
| ZPRE.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -10.28% | -27.88% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -8.44% | -1.83% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -10.28% | -4.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -2.77% | +2.30% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -1.91% | -3.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.28% | +0.54% |
Volatility
ZPRE.DE vs. EUPA.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 4.62% compared to Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that ZPRE.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRE.DE | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.63% | +0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 9.03% | +2.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 10.84% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 12.40% | +3.73% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 12.40% | +4.72% |
ZPRE.DE vs. EUPA.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
ZPRE.DE vs. EUPA.DE - Dividend Comparison
Neither ZPRE.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRE.DE and EUPA.DE have a correlation of 0.61, 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 0.65% for EUPA.DE.
ZPRE.DE tracks MSCI EMU, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.18% for ZPRE.DE and 0.65% for EUPA.DE.
Find the right allocation for ZPRE.DE and EUPA.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer