ZPRE.DE vs. SC0D.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - ZPRE.DE tracks the MSCI EMU while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, ZPRE.DE returned 9.98%/yr vs 10.37%/yr for SC0D.DE. With a 0.99 correlation, they move nearly in lockstep. ZPRE.DE charges 0.18%/yr vs 0.05%/yr for SC0D.DE.
Performance
ZPRE.DE vs. SC0D.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 SC0D.DE's 7.29% return. Both investments have delivered pretty close results over the past 10 years, with ZPRE.DE having a 9.98% annualized return and SC0D.DE not far ahead at 10.37%.
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%
SC0D.DE
- 1D
- 0.74%
- 1M
- 1.96%
- YTD
- 7.29%
- 6M
- 8.66%
- 1Y
- 15.55%
- 3Y*
- 15.50%
- 5Y*
- 11.35%
- 10Y*
- 10.37%
ZPRE.DE vs. SC0D.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% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 7.29% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.05% | 10.07% |
Correlation
The correlation between ZPRE.DE and SC0D.DE is 0.99 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.99 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.99 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jan 29, 2013 | 0.99 |
The correlation between ZPRE.DE and SC0D.DE has been stable across timeframes, ranging from 0.99 to 0.99 - a consistent structural relationship.
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Return for Risk
ZPRE.DE vs. SC0D.DE — Risk / Return Rank
ZPRE.DE
SC0D.DE
ZPRE.DE vs. SC0D.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.DE) and Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.27 | ||
| Sortino ratioReturn per unit of downside risk | +0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.18 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 1.43 | +0.33 |
| Martin ratioReturn relative to average drawdown | 6.43 | 4.87 | +1.57 |
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 | SC0D.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 0.98 | +0.27 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.64 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.58 | 0.56 | +0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.54 | 0.46 | +0.08 |
Drawdowns
ZPRE.DE vs. SC0D.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, roughly equal to the maximum SC0D.DE drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and SC0D.DE.
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Drawdown Indicators
| ZPRE.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -38.50% | +0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -10.93% | +0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -16.54% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -23.38% | -1.10% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | -38.50% | +0.34% |
Current DrawdownCurrent decline from peak | -0.47% | -0.53% | +0.06% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -7.22% | +1.39% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 3.21% | -0.39% |
Volatility
ZPRE.DE vs. SC0D.DE - Volatility Comparison
The current volatility for SPDR MSCI EMU UCITS ETF (ZPRE.DE) is 4.62%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 4.94%. This indicates that ZPRE.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 4.94% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 12.94% | -1.02% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 15.95% | -1.43% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 17.53% | -1.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 18.27% | -1.15% |
ZPRE.DE vs. SC0D.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is higher than SC0D.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. SC0D.DE - Dividend Comparison
Neither ZPRE.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.99, ZPRE.DE and SC0D.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, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.DE is cheaper with a 0.05% expense ratio, compared with 0.18% for ZPRE.DE.
ZPRE.DE tracks MSCI EMU, while SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.18% for ZPRE.DE and 0.05% for SC0D.DE.
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