ZPRL.DE vs. LCEU.DE

Last updated Jun 5, 2026

ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and LCEU.DE (BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF) are both Europe Equities funds - ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100 while LCEU.DE tracks the Low Carbon 100 Europe PAB. Both are passively managed. Over the past 3 years, ZPRL.DE returned 11.19%/yr vs 7.74%/yr for LCEU.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.

Performance

ZPRL.DE vs. LCEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) and BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRL.DE achieves a 5.19% return, which is significantly higher than LCEU.DE's 4.87% return.

ZPRL.DE

• 1D: 0.22%
• 1M: -0.23%
• YTD: 5.19%
• 6M: 6.78%
• 1Y: 5.74%
• 3Y*: 11.19%
• 5Y*: 7.05%
• 10Y*: 6.55%

LCEU.DE

• 1D: 0.90%
• 1M: 3.09%
• YTD: 4.87%
• 6M: 7.28%
• 1Y: 9.14%
• 3Y*: 7.74%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRL.DE vs. LCEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF	5.19%	18.48%	7.41%	12.34%	-1.40%
LCEU.DE BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF	4.87%	9.84%	5.83%	14.59%	2.39%

Correlation

The correlation between ZPRL.DE and LCEU.DE is 0.78, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.78
Correlation (3Y) Calculated over the trailing 3-year period	0.81
Correlation (All Time) Calculated using the full available price history since Jul 18, 2022	0.82

The correlation between ZPRL.DE and LCEU.DE has been stable across timeframes, ranging from 0.78 to 0.82 - a consistent structural relationship.

Return for Risk

ZPRL.DE vs. LCEU.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRL.DE

ZPRL.DE Risk / Return Rank: 19
ZPRL.DE Sharpe Ratio Rank: 20
ZPRL.DE Sortino Ratio Rank: 18
ZPRL.DE Omega Ratio Rank: 19
ZPRL.DE Calmar Ratio Rank: 18
ZPRL.DE Martin Ratio Rank: 19

LCEU.DE

LCEU.DE Risk / Return Rank: 22
LCEU.DE Sharpe Ratio Rank: 22
LCEU.DE Sortino Ratio Rank: 21
LCEU.DE Omega Ratio Rank: 22
LCEU.DE Calmar Ratio Rank: 20
LCEU.DE Martin Ratio Rank: 23

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRL.DE vs. LCEU.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 BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.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	LCEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.62	0.71	-0.09
Sortino ratio: Return per unit of downside risk	0.89	1.11	-0.21
Omega ratio: Gain probability vs. loss probability	1.11	1.14	-0.02
Calmar ratio: Return relative to maximum drawdown	0.72	0.88	-0.16
Martin ratio: Return relative to average drawdown	2.02	2.91	-0.90
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRL.DE vs. LCEU.DE - Sharpe Ratio Comparison

The current ZPRL.DE Sharpe Ratio is 0.62, which is comparable to the LCEU.DE Sharpe Ratio of 0.71. The chart below compares the historical Sharpe Ratios of ZPRL.DE and LCEU.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPRL.DE	LCEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	0.71	-0.09
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.73	-0.19

Drawdowns

ZPRL.DE vs. LCEU.DE - Drawdown Comparison

The maximum ZPRL.DE drawdown since its inception was -35.35%, which is greater than LCEU.DE's maximum drawdown of -16.38%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and LCEU.DE.

Drawdown Indicators

	ZPRL.DE	LCEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-16.38%	-18.97%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-10.37%	+2.40%
Max Drawdown (3Y) Largest decline over 3 years	-9.37%	-16.38%	+7.01%
Max Drawdown (5Y) Largest decline over 5 years	-23.37%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-35.35%	—	—
Current Drawdown Current decline from peak	-3.70%	-1.59%	-2.11%
Average Drawdown Average peak-to-trough decline	-5.39%	-2.92%	-2.47%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	3.13%	-0.29%

Volatility

ZPRL.DE vs. LCEU.DE - Volatility Comparison

The current volatility for SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) is 2.90%, while BNP Paribas Easy Low Carbon 100 Europe PAB UCITS ETF (LCEU.DE) has a volatility of 4.11%. This indicates that ZPRL.DE experiences smaller price fluctuations and is considered to be less risky than LCEU.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRL.DE	LCEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	4.11%	-1.21%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	10.36%	-2.71%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	12.77%	-3.55%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.89%	13.14%	-1.25%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.60%	13.14%	+0.46%

ZPRL.DE vs. LCEU.DE - Expense Ratio Comparison

Both ZPRL.DE and LCEU.DE have an expense ratio of 0.30%.

Dividends

ZPRL.DE vs. LCEU.DE - Dividend Comparison

Neither ZPRL.DE nor LCEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZPRL.DE and LCEU.DE in my portfolio?

ZPRL.DE and LCEU.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRL.DE or LCEU.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRL.DE or LCEU.DE?

ZPRL.DE and LCEU.DE have the same expense ratio: 0.30% per year.

What is the main difference between ZPRL.DE and LCEU.DE?

ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100, while LCEU.DE tracks Low Carbon 100 Europe PAB. They also come from different issuers: State Street and BNP Paribas.