ZPRL.DE vs. CEMT.DE
ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100 while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, ZPRL.DE returned 6.55%/yr vs 6.44%/yr for CEMT.DE. Their correlation of 0.85 suggests significant overlap in exposure. ZPRL.DE charges 0.30%/yr vs 0.25%/yr for CEMT.DE.
Performance
ZPRL.DE vs. CEMT.DE - Performance Comparison
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Returns By Period
Both investments have delivered pretty close results over the past 10 years, with ZPRL.DE having a 6.55% annualized return and CEMT.DE not far behind at 6.44%.
ZPRL.DE
- 1D
- 0.22%
- 1M
- -1.72%
- YTD
- 5.19%
- 6M
- 6.76%
- 1Y
- 5.48%
- 3Y*
- 11.19%
- 5Y*
- 7.05%
- 10Y*
- 6.55%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 3.97%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
ZPRL.DE vs. CEMT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 5.19% | 18.48% | 7.41% | 12.34% | -14.65% | 17.34% | -5.25% | 22.05% | -8.17% | 15.38% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between ZPRL.DE and CEMT.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2015 | 0.85 |
Over the past year, the correlation between ZPRL.DE and CEMT.DE has dropped to 0.39 - well below their long-term average of 0.85, suggesting their price drivers have been diverging.
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Return for Risk
ZPRL.DE vs. CEMT.DE — Risk / Return Rank
ZPRL.DE
CEMT.DE
ZPRL.DE vs. CEMT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) and iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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.
| ZPRL.DE | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.21 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 1.10 | -0.38 |
| Martin ratioReturn relative to average drawdown | 2.02 | 4.03 | -2.02 |
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
| ZPRL.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 0.77 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.28 | +0.31 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.40 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.53 | 0.37 | +0.16 |
Drawdowns
ZPRL.DE vs. CEMT.DE - Drawdown Comparison
The maximum ZPRL.DE drawdown since its inception was -35.35%, smaller than the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and CEMT.DE.
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Drawdown Indicators
| ZPRL.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -37.66% | +2.31% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -4.26% | -3.71% |
Max Drawdown (3Y)Largest decline over 3 years | -9.37% | -14.36% | +4.99% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -29.23% | +5.86% |
Max Drawdown (10Y)Largest decline over 10 years | -35.35% | -37.66% | +2.31% |
Current DrawdownCurrent decline from peak | -3.70% | -0.39% | -3.31% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -7.08% | +1.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 1.16% | +1.68% |
Volatility
ZPRL.DE vs. CEMT.DE - Volatility Comparison
SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) has a higher volatility of 2.90% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ZPRL.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRL.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 0.00% | +2.90% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 0.00% | +7.65% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 6.11% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 14.61% | -2.72% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.60% | 16.11% | -2.51% |
ZPRL.DE vs. CEMT.DE - Expense Ratio Comparison
ZPRL.DE has a 0.30% expense ratio, which is higher than CEMT.DE's 0.25% expense ratio.
Dividends
ZPRL.DE vs. CEMT.DE - Dividend Comparison
Neither ZPRL.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRL.DE and CEMT.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, CEMT.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CEMT.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRL.DE.
ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRL.DE and 0.25% for CEMT.DE.
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