ZPRI.DE vs. SPY5.DE
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ZPRI.DE returned 4.91%/yr vs 15.13%/yr for SPY5.DE. A 0.58 correlation means they provide meaningful diversification when combined. ZPRI.DE charges 0.40%/yr vs 0.03%/yr for SPY5.DE.
Performance
ZPRI.DE vs. SPY5.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRI.DE achieves a 5.11% return, which is significantly lower than SPY5.DE's 11.39% return. Over the past 10 years, ZPRI.DE has underperformed SPY5.DE with an annualized return of 4.91%, while SPY5.DE has yielded a comparatively higher 15.13% 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%
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
ZPRI.DE vs. SPY5.DE - 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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between ZPRI.DE and SPY5.DE is 0.31, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.31 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Apr 16, 2015 | 0.58 |
Over the past year, the correlation between ZPRI.DE and SPY5.DE has dropped to 0.31 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
ZPRI.DE vs. SPY5.DE — Risk / Return Rank
ZPRI.DE
SPY5.DE
ZPRI.DE vs. SPY5.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 SPDR S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.23 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.41 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 3.57 | -0.95 |
| Martin ratioReturn relative to average drawdown | 7.25 | 12.77 | -5.52 |
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
| ZPRI.DE | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.22 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.96 | -0.61 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.93 | -0.46 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.97 | -0.62 |
Drawdowns
ZPRI.DE vs. SPY5.DE - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.84%, smaller than the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and SPY5.DE.
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Drawdown Indicators
| ZPRI.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -33.86% | +11.02% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -7.15% | +3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -23.34% | +12.23% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -23.34% | +8.52% |
Max Drawdown (10Y)Largest decline over 10 years | -22.84% | -33.86% | +11.02% |
Current DrawdownCurrent decline from peak | -1.86% | -0.44% | -1.42% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -3.95% | -1.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.00% | -0.78% |
Volatility
ZPRI.DE vs. SPY5.DE - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 1.70%, while SPDR S&P 500 UCITS ETF (SPY5.DE) has a volatility of 2.66%. This indicates that ZPRI.DE experiences smaller price fluctuations and is considered to be less risky than SPY5.DE 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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 2.66% | -0.96% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 7.54% | -2.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 11.51% | -4.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 15.18% | -5.25% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 16.07% | -5.70% |
ZPRI.DE vs. SPY5.DE - Expense Ratio Comparison
ZPRI.DE has a 0.40% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio.
Dividends
ZPRI.DE vs. SPY5.DE - Dividend Comparison
ZPRI.DE's dividend yield for the trailing twelve months is around 2.91%, more than SPY5.DE's 0.89% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
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 SPY5.DE have a correlation of 0.31, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.40% for ZPRI.DE.
ZPRI.DE is categorized as Diversified Portfolio, while SPY5.DE is S&P 500. ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.40% for ZPRI.DE and 0.03% for SPY5.DE.
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