ZPRG.DE vs. IBTU.L
ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) and IBTU.L (iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist)) are both exchange-traded funds - ZPRG.DE is a Global Equity Income fund tracking the S&P Global Dividend Aristocrats Quality Income Index, while IBTU.L is a Government Bonds fund tracking the ICE U.S. Treasury Short Bond Index. Both are passively managed. Over the past 5 years, ZPRG.DE returned 6.53%/yr vs 4.49%/yr for IBTU.L. At a 0.08 correlation, their price movements are largely independent. ZPRG.DE charges 0.45%/yr vs 0.07%/yr for IBTU.L.
Performance
ZPRG.DE vs. IBTU.L - Performance Comparison
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Different Trading Currencies
ZPRG.DE is traded in EUR, while IBTU.L is traded in USD. To make them comparable, the IBTU.L 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 7.85% return, which is significantly higher than IBTU.L's 3.15% return.
ZPRG.DE
- 1D
- -0.09%
- 1M
- 1.55%
- YTD
- 7.85%
- 6M
- 8.79%
- 1Y
- 14.70%
- 3Y*
- 11.37%
- 5Y*
- 6.53%
- 10Y*
- 6.23%
IBTU.L
- 1D
- -0.05%
- 1M
- 2.32%
- YTD
- 3.15%
- 6M
- 2.50%
- 1Y
- 2.86%
- 3Y*
- 2.25%
- 5Y*
- 4.49%
- 10Y*
- —
ZPRG.DE vs. IBTU.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 7.85% | 5.03% | 13.19% | 3.49% | -1.05% | 25.02% | -17.50% | 14.12% |
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 3.15% | -8.05% | 12.26% | 1.77% | 7.31% | 7.58% | -7.43% | 3.17% |
Correlation
The correlation between ZPRG.DE and IBTU.L is 0.13, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.13 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.09 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2019 | 0.08 |
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Return for Risk
ZPRG.DE vs. IBTU.L — Risk / Return Rank
ZPRG.DE
IBTU.L
ZPRG.DE vs. IBTU.L - 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 iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L). 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 | IBTU.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.12 | ||
| Sortino ratioReturn per unit of downside risk | +1.58 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.08 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.70 | 0.77 | +1.93 |
| Martin ratioReturn relative to average drawdown | 8.62 | 1.75 | +6.87 |
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 | IBTU.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 0.45 | +1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.59 | -0.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.34 | +0.11 |
Drawdowns
ZPRG.DE vs. IBTU.L - Drawdown Comparison
The maximum ZPRG.DE drawdown since its inception was -42.07%, which is greater than IBTU.L's maximum drawdown of -13.35%. Use the drawdown chart below to compare losses from any high point for ZPRG.DE and IBTU.L.
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Drawdown Indicators
| ZPRG.DE | IBTU.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.07% | -13.35% | -28.72% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -3.69% | -1.73% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -11.54% | -5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -18.48% | -11.84% | -6.64% |
Max Drawdown (10Y)Largest decline over 10 years | -42.07% | — | — |
Current DrawdownCurrent decline from peak | -0.80% | -6.16% | +5.36% |
Average DrawdownAverage peak-to-trough decline | -6.59% | -5.82% | -0.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.70% | 1.59% | +0.11% |
Volatility
ZPRG.DE vs. IBTU.L - Volatility Comparison
SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) has a higher volatility of 2.30% compared to iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) (IBTU.L) at 1.23%. This indicates that ZPRG.DE's price experiences larger fluctuations and is considered to be riskier than IBTU.L 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 | IBTU.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.30% | 1.23% | +1.07% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 4.33% | +2.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.36% | 6.37% | +2.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.40% | 7.59% | +4.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 7.31% | +7.62% |
ZPRG.DE vs. IBTU.L - Expense Ratio Comparison
ZPRG.DE has a 0.45% expense ratio, which is higher than IBTU.L's 0.07% expense ratio.
Dividends
ZPRG.DE vs. IBTU.L - Dividend Comparison
ZPRG.DE's dividend yield for the trailing twelve months is around 3.87%, less than IBTU.L's 4.07% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IBTU.L iShares USD Treasury Bond 0-1yr UCITS ETF USD (Dist) | 4.07% | 4.43% | 6.82% | 3.99% | 0.44% | 0.10% | 1.28% | 1.21% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS | 3.87% | 4.25% | 3.73% | 4.22% | 4.49% | 3.58% | 3.98% | 3.44% | 3.95% | 3.36% | 3.62% | 3.80% |
Frequently Asked Questions
ZPRG.DE and IBTU.L have a correlation of 0.13, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IBTU.L is cheaper at 0.07% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IBTU.L is cheaper with a 0.07% expense ratio, compared with 0.45% for ZPRG.DE.
ZPRG.DE is categorized as Global Equity Income, while IBTU.L is Government Bonds. ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index, while IBTU.L tracks ICE U.S. Treasury Short Bond Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRG.DE and 0.07% for IBTU.L.
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