ZPRG.DE vs. IUKD.L
ZPRG.DE (SPDR S&P Global Dividend Aristocrats UCITS) and IUKD.L (iShares UK Dividend UCITS 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 IUKD.L is a Dividend fund tracking the FTSE UK Dividend+ Index. Both are passively managed. Over the past 10 years, ZPRG.DE returned 6.11%/yr vs 6.01%/yr for IUKD.L. A 0.71 correlation means they provide meaningful diversification when combined. ZPRG.DE charges 0.45%/yr vs 0.40%/yr for IUKD.L.
Performance
ZPRG.DE vs. IUKD.L - Performance Comparison
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Different Trading Currencies
ZPRG.DE is traded in EUR, while IUKD.L is traded in GBp. To make them comparable, the IUKD.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 7.13% return, which is significantly lower than IUKD.L's 8.17% return. Both investments have delivered pretty close results over the past 10 years, with ZPRG.DE having a 6.11% annualized return and IUKD.L not far behind at 6.01%.
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%
IUKD.L
- 1D
- 0.40%
- 1M
- 1.71%
- YTD
- 8.17%
- 6M
- 10.87%
- 1Y
- 21.42%
- 3Y*
- 18.71%
- 5Y*
- 11.74%
- 10Y*
- 6.01%
ZPRG.DE vs. IUKD.L - 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% |
IUKD.L iShares UK Dividend UCITS ETF | 8.17% | 25.23% | 17.69% | 8.05% | -6.52% | 31.46% | -22.38% | 26.42% | -15.17% | 2.71% |
Correlation
The correlation between ZPRG.DE and IUKD.L is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since May 20, 2013 | 0.71 |
The correlation between ZPRG.DE and IUKD.L shifts across timeframes, from 0.56 (1 year) to 0.71 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRG.DE vs. IUKD.L — Risk / Return Rank
ZPRG.DE
IUKD.L
ZPRG.DE vs. IUKD.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 UK Dividend UCITS ETF (IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 1.27 | 1.32 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 2.78 | 2.34 | +0.44 |
| Martin ratioReturn relative to average drawdown | 8.86 | 8.34 | +0.52 |
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 | IUKD.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.61 | 1.75 | -0.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.78 | -0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.31 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.14 | +0.31 |
Drawdowns
ZPRG.DE vs. IUKD.L - Drawdown Comparison
The maximum ZPRG.DE drawdown since its inception was -42.08%, smaller than the maximum IUKD.L drawdown of -69.79%. Use the drawdown chart below to compare losses from any high point for ZPRG.DE and IUKD.L.
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Drawdown Indicators
| ZPRG.DE | IUKD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.08% | -69.79% | +27.71% |
Max Drawdown (1Y)Largest decline over 1 year | -5.42% | -9.11% | +3.69% |
Max Drawdown (3Y)Largest decline over 3 years | -17.07% | -13.08% | -3.99% |
Max Drawdown (5Y)Largest decline over 5 years | -18.50% | -23.51% | +5.01% |
Max Drawdown (10Y)Largest decline over 10 years | -42.08% | -49.37% | +7.29% |
Current DrawdownCurrent decline from peak | -1.47% | -2.53% | +1.06% |
Average DrawdownAverage peak-to-trough decline | -6.63% | -24.28% | +17.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.71% | 2.56% | -0.85% |
Volatility
ZPRG.DE vs. IUKD.L - Volatility Comparison
The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) is 2.82%, while iShares UK Dividend UCITS ETF (IUKD.L) has a volatility of 4.03%. This indicates that ZPRG.DE experiences smaller price fluctuations and is considered to be less risky than IUKD.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 | IUKD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.82% | 4.03% | -1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 6.56% | 9.79% | -3.23% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.38% | 12.19% | -2.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.39% | 15.06% | -2.67% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 19.42% | -4.49% |
ZPRG.DE vs. IUKD.L - Expense Ratio Comparison
ZPRG.DE has a 0.45% expense ratio, which is higher than IUKD.L's 0.40% expense ratio.
Dividends
ZPRG.DE vs. IUKD.L - Dividend Comparison
ZPRG.DE's dividend yield for the trailing twelve months is around 3.89%, less than IUKD.L's 4.53% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IUKD.L iShares UK Dividend UCITS ETF | 4.53% | 4.85% | 5.78% | 5.34% | 6.39% | 5.68% | 4.11% | 5.70% | 6.86% | 5.19% | 4.87% | 5.67% |
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 IUKD.L have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IUKD.L is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IUKD.L is cheaper with a 0.40% expense ratio, compared with 0.45% for ZPRG.DE.
ZPRG.DE is categorized as Global Equity Income, while IUKD.L is Dividend. ZPRG.DE tracks S&P Global Dividend Aristocrats Quality Income Index, while IUKD.L tracks FTSE UK Dividend+ Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRG.DE and 0.40% for IUKD.L.
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