ZPRL.DE vs. MVEE.DE
ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100 while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, ZPRL.DE returned 7.22%/yr vs 6.05%/yr for MVEE.DE. Their correlation of 0.89 suggests significant overlap in exposure. ZPRL.DE charges 0.30%/yr vs 0.25%/yr for MVEE.DE.
Performance
ZPRL.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRL.DE achieves a 8.45% return, which is significantly higher than MVEE.DE's 7.52% return.
ZPRL.DE
- 1D
- -0.06%
- 1M
- 0.91%
- YTD
- 8.45%
- 6M
- 9.22%
- 1Y
- 11.39%
- 3Y*
- 12.67%
- 5Y*
- 7.22%
- 10Y*
- 7.56%
MVEE.DE
- 1D
- -0.57%
- 1M
- 0.58%
- YTD
- 7.52%
- 6M
- 8.05%
- 1Y
- 11.08%
- 3Y*
- 10.12%
- 5Y*
- 6.05%
- 10Y*
- —
ZPRL.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 8.45% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | 21.75% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 7.52% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between ZPRL.DE and MVEE.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.89 |
The correlation between ZPRL.DE and MVEE.DE has been stable across timeframes, ranging from 0.81 to 0.89 - a consistent structural relationship.
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Return for Risk
ZPRL.DE vs. MVEE.DE — Risk / Return Rank
ZPRL.DE
MVEE.DE
ZPRL.DE vs. MVEE.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRL.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.02 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.20 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.49 | -0.03 |
| Martin ratioReturn relative to average drawdown | 4.26 | 5.15 | -0.89 |
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Drawdowns
ZPRL.DE vs. MVEE.DE - Drawdown Comparison
The maximum ZPRL.DE drawdown since its inception was -35.34%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and MVEE.DE.
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Drawdown Indicators
| ZPRL.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.34% | -20.19% | -15.15% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -7.40% | -0.34% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -12.19% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -20.19% | -3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -0.57% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -4.49% | -0.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 2.15% | +0.52% |
Volatility
ZPRL.DE vs. MVEE.DE - Volatility Comparison
SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) and iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) have volatilities of 2.01% and 2.10%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRL.DE | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 2.10% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 8.18% | +0.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.64% | 9.88% | -0.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 12.08% | -0.12% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 12.46% | +0.96% |
ZPRL.DE vs. MVEE.DE - Expense Ratio Comparison
ZPRL.DE has a 0.30% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
ZPRL.DE vs. MVEE.DE - Dividend Comparison
Neither ZPRL.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRL.DE and MVEE.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.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 MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRL.DE and 0.25% for MVEE.DE.
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