ZPRI.DE vs. SPPY.DE
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPRI.DE returned 3.55%/yr vs 15.63%/yr for SPPY.DE. At a 0.49 correlation, their price movements are largely independent. ZPRI.DE charges 0.40%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPRI.DE vs. SPPY.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRI.DE achieves a 5.11% return, which is significantly lower than SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
ZPRI.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRI.DE SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF | 5.11% | 1.93% | 8.86% | 3.55% | -7.87% | 14.34% | -1.90% | 1.90% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between ZPRI.DE and SPPY.DE is 0.27, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.27 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.49 |
Over the past year, the correlation between ZPRI.DE and SPPY.DE has dropped to 0.27 - well below their long-term average of 0.49, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRI.DE vs. SPPY.DE — Risk / Return Rank
ZPRI.DE
SPPY.DE
ZPRI.DE vs. SPPY.DE - 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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE). 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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.15 | ||
| Sortino ratioReturn per unit of downside risk | -1.55 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.44 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 4.21 | -1.59 |
| Martin ratioReturn relative to average drawdown | 7.25 | 16.03 | -8.78 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRI.DE | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.43 | -1.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 1.00 | -0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.92 | -0.56 |
Drawdowns
ZPRI.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.84%, smaller than the maximum SPPY.DE drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and SPPY.DE.
Loading charts...
Drawdown Indicators
| ZPRI.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -33.31% | +10.47% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -6.71% | +3.34% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -23.82% | +12.71% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -23.82% | +9.00% |
Max Drawdown (10Y)Largest decline over 10 years | -22.84% | — | — |
Current DrawdownCurrent decline from peak | -1.86% | 0.00% | -1.86% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -4.84% | -0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 1.77% | -0.55% |
Volatility
ZPRI.DE vs. SPPY.DE - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 1.70%, while State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) has a volatility of 2.69%. This indicates that ZPRI.DE experiences smaller price fluctuations and is considered to be less risky than SPPY.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRI.DE | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.69% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 7.79% | -2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 11.62% | -4.71% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 15.43% | -5.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 17.57% | -7.20% |
ZPRI.DE vs. SPPY.DE - Expense Ratio Comparison
ZPRI.DE has a 0.40% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
ZPRI.DE vs. SPPY.DE - Dividend Comparison
ZPRI.DE's dividend yield for the trailing twelve months is around 2.91%, while SPPY.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPPY.DE State Street SPDR S&P 500 Leaders 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 | 2.91% | 2.99% | 2.76% | 2.78% | 2.54% | 1.89% | 2.23% | 2.29% | 2.18% | 2.36% | 2.21% | 1.19% |
Frequently Asked Questions
ZPRI.DE and SPPY.DE have a correlation of 0.27, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.40% for ZPRI.DE.
ZPRI.DE is categorized as Diversified Portfolio, while SPPY.DE is S&P 500. ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.40% for ZPRI.DE and 0.10% for SPPY.DE.
Find the right allocation for ZPRI.DE and SPPY.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer