ZPRI.DE vs. EIMI.L
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, ZPRI.DE returned 4.82%/yr vs 10.32%/yr for EIMI.L. At a 0.37 correlation, their price movements are largely independent. ZPRI.DE charges 0.40%/yr vs 0.18%/yr for EIMI.L.
Performance
ZPRI.DE vs. EIMI.L - Performance Comparison
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Different Trading Currencies
ZPRI.DE is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L 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 6.71% return, which is significantly lower than EIMI.L's 29.63% return. Over the past 10 years, ZPRI.DE has underperformed EIMI.L with an annualized return of 4.82%, while EIMI.L has yielded a comparatively higher 10.32% annualized return.
ZPRI.DE
- 1D
- 0.00%
- 1M
- 1.06%
- YTD
- 6.71%
- 6M
- 7.29%
- 1Y
- 11.92%
- 3Y*
- 6.87%
- 5Y*
- 3.52%
- 10Y*
- 4.82%
EIMI.L
- 1D
- -0.98%
- 1M
- 8.72%
- YTD
- 29.63%
- 6M
- 31.71%
- 1Y
- 51.55%
- 3Y*
- 21.04%
- 5Y*
- 9.27%
- 10Y*
- 10.32%
ZPRI.DE vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 6.71% | 1.94% | 8.86% | 3.53% | -7.87% | 14.36% | -1.90% | 20.85% | 1.57% | -1.34% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 29.63% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -10.15% | 20.11% |
Correlation
The correlation between ZPRI.DE and EIMI.L is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.19 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.22 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.32 |
Correlation (All Time) Calculated using the full available price history since Apr 14, 2015 | 0.37 |
The correlation between ZPRI.DE and EIMI.L shifts across timeframes, from 0.18 (1 year) to 0.37 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRI.DE vs. EIMI.L — Risk / Return Rank
ZPRI.DE
EIMI.L
ZPRI.DE vs. EIMI.L - 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 iShares Core MSCI EM IMI UCITS ETF (EIMI.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRI.DE | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.09 | ||
| Sortino ratioReturn per unit of downside risk | -1.33 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.50 | -0.21 |
| Calmar ratioReturn relative to maximum drawdown | 3.41 | 4.89 | -1.48 |
| Martin ratioReturn relative to average drawdown | 10.30 | 16.89 | -6.59 |
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Drawdowns
ZPRI.DE vs. EIMI.L - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.82%, smaller than the maximum EIMI.L drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and EIMI.L.
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Drawdown Indicators
| ZPRI.DE | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.82% | -34.88% | +12.06% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -10.72% | +7.35% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -18.31% | +7.20% |
Max Drawdown (5Y)Largest decline over 5 years | -14.83% | -22.33% | +7.50% |
Max Drawdown (10Y)Largest decline over 10 years | -22.82% | -32.18% | +9.36% |
Current DrawdownCurrent decline from peak | -0.35% | -0.98% | +0.63% |
Average DrawdownAverage peak-to-trough decline | -7.46% | -9.24% | +1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.12% | 3.11% | -1.99% |
Volatility
ZPRI.DE vs. EIMI.L - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 2.25%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 7.56%. This indicates that ZPRI.DE experiences smaller price fluctuations and is considered to be less risky than EIMI.L 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 | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.25% | 7.56% | -5.31% |
Volatility (6M)Calculated over the trailing 6-month period | 5.41% | 16.85% | -11.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.08% | 19.44% | -12.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.92% | 17.11% | -7.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.83% | 18.54% | -3.71% |
ZPRI.DE vs. EIMI.L - Expense Ratio Comparison
ZPRI.DE has a 0.40% expense ratio, which is higher than EIMI.L's 0.18% expense ratio.
Dividends
ZPRI.DE vs. EIMI.L - Dividend Comparison
ZPRI.DE's dividend yield for the trailing twelve months is around 2.86%, while EIMI.L has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 2.86% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 0.98% | 1.19% |
Frequently Asked Questions
ZPRI.DE and EIMI.L have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.40% for ZPRI.DE.
ZPRI.DE is categorized as Diversified Portfolio, while EIMI.L is Emerging Markets Equities. ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.40% for ZPRI.DE and 0.18% for EIMI.L.
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