ZPRE.DE vs. EUPE.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and EUPE.DE (Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR)) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while EUPE.DE tracks the Shiller Barclays CAPE® Europe Sector Value. Both are passively managed. Over the past 10 years, ZPRE.DE returned 9.98%/yr vs 8.97%/yr for EUPE.DE. Their correlation of 0.86 suggests significant overlap in exposure. ZPRE.DE charges 0.18%/yr vs 0.65%/yr for EUPE.DE.
Performance
ZPRE.DE vs. EUPE.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 EUPE.DE's 15.44% return. Over the past 10 years, ZPRE.DE has outperformed EUPE.DE with an annualized return of 9.98%, while EUPE.DE has yielded a comparatively lower 8.97% annualized 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%
EUPE.DE
- 1D
- 0.35%
- 1M
- 0.49%
- YTD
- 15.44%
- 6M
- 15.81%
- 1Y
- 24.47%
- 3Y*
- 11.71%
- 5Y*
- 8.60%
- 10Y*
- 8.97%
ZPRE.DE vs. EUPE.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% |
EUPE.DE Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) | 15.44% | 12.45% | 2.14% | 12.84% | -6.14% | 25.64% | 2.80% | 24.48% | -7.47% | 5.56% |
Correlation
The correlation between ZPRE.DE and EUPE.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Feb 17, 2015 | 0.86 |
Over the past year, the correlation between ZPRE.DE and EUPE.DE has dropped to 0.63 - well below their long-term average of 0.86, suggesting their price drivers have been diverging.
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Return for Risk
ZPRE.DE vs. EUPE.DE — Risk / Return Rank
ZPRE.DE
EUPE.DE
ZPRE.DE vs. EUPE.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® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.92 | ||
| Sortino ratioReturn per unit of downside risk | -1.21 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.37 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 4.19 | -2.43 |
| Martin ratioReturn relative to average drawdown | 6.43 | 11.50 | -5.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRE.DE | EUPE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.17 | -0.92 |
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 | 0.60 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.08 |
Drawdowns
ZPRE.DE vs. EUPE.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, which is greater than EUPE.DE's maximum drawdown of -32.64%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and EUPE.DE.
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Drawdown Indicators
| ZPRE.DE | EUPE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -32.64% | -5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -5.82% | -4.45% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -15.63% | +0.50% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -15.63% | -8.85% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -32.64% | -5.52% |
Current DrawdownCurrent decline from peak | -0.47% | -3.04% | +2.57% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -4.95% | -0.88% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.13% | +0.69% |
Volatility
ZPRE.DE vs. EUPE.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 4.62% compared to Ossiam Shiller Barclays CAPE® Europe Sector Value TR UCITS ETF 1C (EUR) (EUPE.DE) at 3.64%. This indicates that ZPRE.DE's price experiences larger fluctuations and is considered to be riskier than EUPE.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 | EUPE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 3.64% | +0.98% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 8.56% | +3.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 11.27% | +3.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 13.17% | +2.96% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 14.99% | +2.13% |
ZPRE.DE vs. EUPE.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is lower than EUPE.DE's 0.65% expense ratio.
Dividends
ZPRE.DE vs. EUPE.DE - Dividend Comparison
Neither ZPRE.DE nor EUPE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRE.DE and EUPE.DE have a correlation of 0.63, 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 EUPE.DE.
ZPRE.DE tracks MSCI EMU, while EUPE.DE tracks Shiller Barclays CAPE® Europe Sector Value. They also come from different issuers: State Street and Natixis. Their fees differ too: 0.18% for ZPRE.DE and 0.65% for EUPE.DE.
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