ZPRE.DE vs. PR1E.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and PR1E.DE (Amundi Prime Europe UCITS ETF DR (D)) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while PR1E.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPRE.DE returned 10.50%/yr vs 10.02%/yr for PR1E.DE. With a 0.96 correlation, they move nearly in lockstep. ZPRE.DE charges 0.18%/yr vs 0.05%/yr for PR1E.DE.
Performance
ZPRE.DE vs. PR1E.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 PR1E.DE's 7.72% 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%
PR1E.DE
- 1D
- 0.46%
- 1M
- 0.90%
- YTD
- 7.72%
- 6M
- 10.13%
- 1Y
- 16.32%
- 3Y*
- 13.86%
- 5Y*
- 10.02%
- 10Y*
- —
ZPRE.DE vs. PR1E.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRE.DE SPDR MSCI EMU UCITS ETF | 9.05% | 24.37% | 9.48% | 18.70% | -11.85% | 21.92% | -0.70% | 14.48% |
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 7.72% | 20.48% | 8.42% | 15.89% | -9.34% | 25.39% | -3.59% | 15.15% |
Correlation
The correlation between ZPRE.DE and PR1E.DE is 0.95, 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 | 0.95 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Mar 13, 2019 | 0.96 |
The correlation between ZPRE.DE and PR1E.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
ZPRE.DE vs. PR1E.DE — Risk / Return Rank
ZPRE.DE
PR1E.DE
ZPRE.DE vs. PR1E.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 Prime Europe UCITS ETF DR (D) (PR1E.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 | PR1E.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.81 | -0.05 |
| Martin ratioReturn relative to average drawdown | 6.43 | 6.80 | -0.37 |
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 | PR1E.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 1.32 | -0.08 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.68 | -0.04 |
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 | 0.62 | -0.08 |
Drawdowns
ZPRE.DE vs. PR1E.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, which is greater than PR1E.DE's maximum drawdown of -35.98%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and PR1E.DE.
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Drawdown Indicators
| ZPRE.DE | PR1E.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -35.98% | -2.18% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -9.39% | -0.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -16.84% | +1.71% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -19.66% | -4.82% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -1.61% | +1.14% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -4.90% | -0.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.51% | +0.31% |
Volatility
ZPRE.DE vs. PR1E.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 4.62% compared to Amundi Prime Europe UCITS ETF DR (D) (PR1E.DE) at 4.33%. This indicates that ZPRE.DE's price experiences larger fluctuations and is considered to be riskier than PR1E.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 | PR1E.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.33% | +0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 10.60% | +1.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 12.88% | +1.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 14.48% | +1.65% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 16.68% | +0.44% |
ZPRE.DE vs. PR1E.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is higher than PR1E.DE's 0.05% expense ratio. However, 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. PR1E.DE - Dividend Comparison
ZPRE.DE has not paid dividends to shareholders, while PR1E.DE's dividend yield for the trailing twelve months is around 2.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
PR1E.DE Amundi Prime Europe UCITS ETF DR (D) | 2.38% | 2.56% | 2.87% | 2.91% | 3.15% | 2.25% | 2.17% | 2.73% |
ZPRE.DE SPDR MSCI EMU UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.95, ZPRE.DE and PR1E.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, PR1E.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PR1E.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for ZPRE.DE.
ZPRE.DE tracks MSCI EMU, while PR1E.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.18% for ZPRE.DE and 0.05% for PR1E.DE.
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