ZPRE.DE vs. SPPW.DE
ZPRE.DE (SPDR MSCI EMU UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRE.DE is a Europe Equities fund tracking the MSCI EMU, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRE.DE returned 10.50%/yr vs 13.03%/yr for SPPW.DE. A 0.79 correlation means they provide meaningful diversification when combined. ZPRE.DE charges 0.18%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRE.DE vs. SPPW.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 SPPW.DE's 10.85% return.
ZPRE.DE
- 1D
- 0.59%
- 1M
- 2.03%
- YTD
- 9.05%
- 6M
- 10.79%
- 1Y
- 17.71%
- 3Y*
- 15.98%
- 5Y*
- 10.50%
- 10Y*
- 9.98%
SPPW.DE
- 1D
- -0.31%
- 1M
- 3.71%
- YTD
- 10.85%
- 6M
- 10.95%
- 1Y
- 23.79%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRE.DE vs. SPPW.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% | 13.83% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRE.DE and SPPW.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.79 |
The correlation between ZPRE.DE and SPPW.DE has been stable across timeframes, ranging from 0.70 to 0.79 - a consistent structural relationship.
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Return for Risk
ZPRE.DE vs. SPPW.DE — Risk / Return Rank
ZPRE.DE
SPPW.DE
ZPRE.DE vs. SPPW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI EMU UCITS ETF (ZPRE.DE) and SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.91 | ||
| Sortino ratioReturn per unit of downside risk | -1.11 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.40 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | 1.76 | 3.66 | -1.90 |
| Martin ratioReturn relative to average drawdown | 6.43 | 14.69 | -8.26 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.25 | 2.16 | -0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.64 | 0.92 | -0.27 |
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 | 0.86 | -0.32 |
Drawdowns
ZPRE.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRE.DE drawdown since its inception was -38.16%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRE.DE and SPPW.DE.
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Drawdown Indicators
| ZPRE.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.16% | -33.69% | -4.47% |
Max Drawdown (1Y)Largest decline over 1 year | -10.27% | -6.51% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.13% | -21.62% | +6.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.48% | -21.62% | -2.86% |
Max Drawdown (10Y)Largest decline over 10 years | -38.16% | — | — |
Current DrawdownCurrent decline from peak | -0.47% | -0.31% | -0.16% |
Average DrawdownAverage peak-to-trough decline | -5.83% | -4.43% | -1.40% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 1.63% | +1.19% |
Volatility
ZPRE.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI EMU UCITS ETF (ZPRE.DE) has a higher volatility of 4.62% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRE.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.62% | 2.70% | +1.92% |
Volatility (6M)Calculated over the trailing 6-month period | 11.92% | 7.62% | +4.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.52% | 11.11% | +3.41% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.13% | 14.06% | +2.07% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.12% | 16.08% | +1.04% |
ZPRE.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRE.DE has a 0.18% expense ratio, which is higher than SPPW.DE's 0.12% 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. SPPW.DE - Dividend Comparison
Neither ZPRE.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRE.DE and SPPW.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.18% for ZPRE.DE.
ZPRE.DE is categorized as Europe Equities, while SPPW.DE is Global Equities. ZPRE.DE tracks MSCI EMU, while SPPW.DE tracks MSCI World. Their fees differ too: 0.18% for ZPRE.DE and 0.12% for SPPW.DE.
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