ZPRI.DE vs. ^GSPC
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) is Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while ^GSPC (S&P 500 Index) is an index. Over the past 10 years, ZPRI.DE returned 4.91%/yr vs 13.40%/yr for ^GSPC. At a 0.42 correlation, their price movements are largely independent.
Performance
ZPRI.DE vs. ^GSPC - Performance Comparison
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Different Trading Currencies
ZPRI.DE is traded in EUR, while ^GSPC is traded in USD. To make them comparable, the ^GSPC values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRI.DE achieves a 5.11% return, which is significantly lower than ^GSPC's 12.06% return. Over the past 10 years, ZPRI.DE has underperformed ^GSPC with an annualized return of 4.91%, while ^GSPC has yielded a comparatively higher 13.40% annualized return.
ZPRI.DE
- 1D
- -0.55%
- 1M
- -0.71%
- YTD
- 5.11%
- 6M
- 4.65%
- 1Y
- 8.87%
- 3Y*
- 6.15%
- 5Y*
- 3.55%
- 10Y*
- 4.91%
^GSPC
- 1D
- 0.27%
- 1M
- 5.17%
- YTD
- 12.06%
- 6M
- 10.90%
- 1Y
- 24.89%
- 3Y*
- 17.85%
- 5Y*
- 13.43%
- 10Y*
- 13.40%
ZPRI.DE vs. ^GSPC - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 5.11% | 1.93% | 8.86% | 3.55% | -7.87% | 14.34% | -1.90% | 20.85% | 1.57% | -1.34% |
^GSPC S&P 500 Index | 12.06% | 2.58% | 31.45% | 20.51% | -14.45% | 36.38% | 6.68% | 31.79% | -1.84% | 4.74% |
Correlation
The correlation between ZPRI.DE and ^GSPC 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 | 0.26 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.30 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.39 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.42 |
Over the past year, the correlation between ZPRI.DE and ^GSPC has dropped to 0.19 - well below their long-term average of 0.42, suggesting their price drivers have been diverging.
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Return for Risk
ZPRI.DE vs. ^GSPC — Risk / Return Rank
ZPRI.DE
^GSPC
ZPRI.DE vs. ^GSPC - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) and S&P 500 Index (^GSPC). 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.
| ZPRI.DE | ^GSPC | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.76 | ||
| Sortino ratioReturn per unit of downside risk | -0.87 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.37 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.30 | -0.68 |
| Martin ratioReturn relative to average drawdown | 7.25 | 12.34 | -5.09 |
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
| ZPRI.DE | ^GSPC | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.04 | -0.76 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.80 | -0.45 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.72 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.51 | -0.15 |
Drawdowns
ZPRI.DE vs. ^GSPC - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.84%, smaller than the maximum ^GSPC drawdown of -51.62%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and ^GSPC.
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Drawdown Indicators
| ZPRI.DE | ^GSPC | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -51.62% | +28.78% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -7.57% | +4.20% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -23.99% | +12.88% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -23.99% | +9.17% |
Max Drawdown (10Y)Largest decline over 10 years | -22.84% | -33.42% | +10.58% |
Current DrawdownCurrent decline from peak | -1.86% | -0.20% | -1.66% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -9.08% | +4.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.02% | -0.80% |
Volatility
ZPRI.DE vs. ^GSPC - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 1.70%, while S&P 500 Index (^GSPC) has a volatility of 2.24%. This indicates that ZPRI.DE experiences smaller price fluctuations and is considered to be less risky than ^GSPC based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRI.DE | ^GSPC | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.24% | -0.54% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 8.62% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 12.29% | -5.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 16.79% | -6.86% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 18.59% | -8.22% |
Frequently Asked Questions
ZPRI.DE and ^GSPC 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.
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