ZPRI.DE vs. SPYM.DE
ZPRI.DE (SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - ZPRI.DE is a Diversified Portfolio fund tracking the Morningstar Global Multi-Asset Infrastructure, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, ZPRI.DE returned 4.91%/yr vs 9.90%/yr for SPYM.DE. At a 0.42 correlation, their price movements are largely independent. ZPRI.DE charges 0.40%/yr vs 0.18%/yr for SPYM.DE.
Performance
ZPRI.DE vs. SPYM.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 SPYM.DE's 27.39% return. Over the past 10 years, ZPRI.DE has underperformed SPYM.DE with an annualized return of 4.91%, while SPYM.DE has yielded a comparatively higher 9.90% 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
ZPRI.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between ZPRI.DE and SPYM.DE 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 | 0.23 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.24 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.37 |
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 SPYM.DE has dropped to 0.18 - 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. SPYM.DE — Risk / Return Rank
ZPRI.DE
SPYM.DE
ZPRI.DE vs. SPYM.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 MSCI Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.51 | ||
| Sortino ratioReturn per unit of downside risk | -1.91 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.50 | -0.28 |
| Calmar ratioReturn relative to maximum drawdown | 2.62 | 4.80 | -2.18 |
| Martin ratioReturn relative to average drawdown | 7.25 | 17.28 | -10.03 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.28 | 2.79 | -1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.35 | 0.50 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.47 | 0.54 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.34 | +0.01 |
Drawdowns
ZPRI.DE vs. SPYM.DE - Drawdown Comparison
The maximum ZPRI.DE drawdown since its inception was -22.84%, smaller than the maximum SPYM.DE drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for ZPRI.DE and SPYM.DE.
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Drawdown Indicators
| ZPRI.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.84% | -36.28% | +13.44% |
Max Drawdown (1Y)Largest decline over 1 year | -3.37% | -10.38% | +7.01% |
Max Drawdown (3Y)Largest decline over 3 years | -11.11% | -18.96% | +7.85% |
Max Drawdown (5Y)Largest decline over 5 years | -14.82% | -23.86% | +9.04% |
Max Drawdown (10Y)Largest decline over 10 years | -22.84% | -31.69% | +8.85% |
Current DrawdownCurrent decline from peak | -1.86% | -2.74% | +0.88% |
Average DrawdownAverage peak-to-trough decline | -5.00% | -9.95% | +4.95% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.22% | 2.89% | -1.67% |
Volatility
ZPRI.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR Morningstar Multi-Asset Global Infrastructure UCITS ETF (ZPRI.DE) is 1.70%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that ZPRI.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.70% | 7.34% | -5.64% |
Volatility (6M)Calculated over the trailing 6-month period | 5.27% | 15.16% | -9.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.91% | 17.87% | -10.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 9.93% | 16.78% | -6.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 10.37% | 18.40% | -8.03% |
ZPRI.DE vs. SPYM.DE - Expense Ratio Comparison
ZPRI.DE has a 0.40% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
ZPRI.DE vs. SPYM.DE - Dividend Comparison
ZPRI.DE's dividend yield for the trailing twelve months is around 2.91%, while SPYM.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets 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 SPYM.DE 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, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.40% for ZPRI.DE.
ZPRI.DE is categorized as Diversified Portfolio, while SPYM.DE is Emerging Markets Equities. ZPRI.DE tracks Morningstar Global Multi-Asset Infrastructure, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.40% for ZPRI.DE and 0.18% for SPYM.DE.
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