ZPRG.DE vs. 3110.HK
ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) and 3110.HK (Global X Hang Seng High Dividend Yield ETF) are both exchange-traded funds - ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index, while 3110.HK is a China Equities fund tracking the Hang Seng High Dividend Yield Index. Both are passively managed. Over the past 10 years, ZPRG.DE returned 6.11%/yr vs 9.71%/yr for 3110.HK. At a 0.24 correlation, their price movements are largely independent. ZPRG.DE charges 0.45%/yr vs 0.68%/yr for 3110.HK.
Performance
ZPRG.DE vs. 3110.HK - Performance Comparison
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Different Trading Currencies
ZPRG.DE is traded in EUR, while 3110.HK is traded in HKD. To make them comparable, the 3110.HK values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRG.DE achieves a 7.13% return, which is significantly higher than 3110.HK's 6.39% return. Over the past 10 years, ZPRG.DE has underperformed 3110.HK with an annualized return of 6.11%, while 3110.HK has yielded a comparatively higher 9.71% annualized return.
ZPRG.DE
- 1D
- 0.45%
- 1M
- 0.15%
- YTD
- 7.13%
- 6M
- 7.99%
- 1Y
- 15.14%
- 3Y*
- 11.58%
- 5Y*
- 6.51%
- 10Y*
- 6.11%
3110.HK
- 1D
- -0.44%
- 1M
- -3.03%
- YTD
- 6.39%
- 6M
- 3.63%
- 1Y
- 24.92%
- 3Y*
- 17.81%
- 5Y*
- 9.87%
- 10Y*
- 9.71%
ZPRG.DE vs. 3110.HK - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 7.13% | 5.03% | 13.19% | 3.49% | -1.17% | 25.19% | -17.51% | 23.62% | -5.27% | 4.22% |
3110.HK Global X Hang Seng High Dividend Yield ETF | 6.39% | 19.26% | 41.73% | -6.76% | -2.50% | 15.01% | -14.06% | 10.59% | 0.86% | 23.83% |
Correlation
The correlation between ZPRG.DE and 3110.HK is 0.19, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.19 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.18 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jun 18, 2013 | 0.24 |
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Return for Risk
ZPRG.DE vs. 3110.HK — Risk / Return Rank
ZPRG.DE
3110.HK
ZPRG.DE vs. 3110.HK - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) and Global X Hang Seng High Dividend Yield ETF (3110.HK). 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.
| ZPRG.DE | 3110.HK | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.22 | ||
| Sortino ratioReturn per unit of downside risk | -0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 4.01 | -1.22 |
| Martin ratioReturn relative to average drawdown | 8.86 | 9.17 | -0.32 |
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
| ZPRG.DE | 3110.HK | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.82 | -0.22 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.50 | +0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.44 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.48 | -0.03 |
Drawdowns
ZPRG.DE vs. 3110.HK - Drawdown Comparison
The maximum ZPRG.DE drawdown since its inception was -42.08%, which is greater than 3110.HK's maximum drawdown of -32.84%. Use the drawdown chart below to compare losses from any high point for ZPRG.DE and 3110.HK.
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Drawdown Indicators
| ZPRG.DE | 3110.HK | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -32.84% | -9.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -6.60% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -17.51% | +0.44% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -23.46% | +4.96% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -26.44% | -15.64% |
Current DrawdownCurrent decline from peak | -1.47% | -5.61% | +4.14% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -8.99% | +2.36% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.85% | -1.14% |
Volatility
ZPRG.DE vs. 3110.HK - Volatility Comparison
The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) is 2.82%, while Global X Hang Seng High Dividend Yield ETF (3110.HK) has a volatility of 3.15%. This indicates that ZPRG.DE experiences smaller price fluctuations and is considered to be less risky than 3110.HK based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRG.DE | 3110.HK | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 3.15% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 10.68% | -4.12% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.38% | 14.50% | -5.12% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 20.44% | -8.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 22.68% | -7.75% |
ZPRG.DE vs. 3110.HK - Expense Ratio Comparison
ZPRG.DE has a 0.45% expense ratio, which is lower than 3110.HK's 0.68% expense ratio.
Dividends
ZPRG.DE vs. 3110.HK - Dividend Comparison
ZPRG.DE's dividend yield for the trailing twelve months is around 3.89%, less than 3110.HK's 5.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
3110.HK Global X Hang Seng High Dividend Yield ETF | 5.89% | 6.15% | 6.81% | 8.30% | 7.34% | 7.32% | 5.23% | 0.00% | 6.32% | 4.28% | 5.69% | 0.00% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 3.89% | 4.25% | 3.73% | 4.22% | 4.49% | 3.57% | 3.98% | 3.44% | 3.95% | 3.36% | 3.62% | 3.80% |
Frequently Asked Questions
ZPRG.DE and 3110.HK have a correlation of 0.19, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRG.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRG.DE is cheaper with a 0.45% expense ratio, compared with 0.68% for 3110.HK.
ZPRG.DE is categorized as Global Equity Income, while 3110.HK is China Equities. ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index, while 3110.HK tracks Hang Seng High Dividend Yield Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.45% for ZPRG.DE and 0.68% for 3110.HK.
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