ZPRL.DE vs. OM3X.DE
ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and OM3X.DE (iShares OMX Stockholm Capped UCITS ETF) are both Europe Equities funds - ZPRL.DE tracks the EURO STOXX® Low Risk Weighted 100 while OM3X.DE tracks the OMX Stockholm Benchmark Cap. Both are passively managed. Over the past 5 years, ZPRL.DE returned 7.22%/yr vs 5.61%/yr for OM3X.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPRL.DE charges 0.30%/yr vs 0.10%/yr for OM3X.DE.
Performance
ZPRL.DE vs. OM3X.DE - Performance Comparison
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Different Trading Currencies
ZPRL.DE is traded in EUR, while OM3X.DE is traded in SEK. To make them comparable, the OM3X.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRL.DE achieves a 8.45% return, which is significantly higher than OM3X.DE's 7.87% 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%
OM3X.DE
- 1D
- 1.44%
- 1M
- -1.67%
- YTD
- 7.87%
- 6M
- 9.30%
- 1Y
- 25.85%
- 3Y*
- 15.84%
- 5Y*
- 5.61%
- 10Y*
- —
ZPRL.DE vs. OM3X.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 8.45% | 18.39% | 7.42% | 12.34% | -14.65% | 17.34% | -5.26% | 22.07% | -8.17% | 15.38% |
OM3X.DE iShares OMX Stockholm Capped UCITS ETF | 7.63% | 20.69% | 4.63% | 17.40% | -26.23% | 33.62% | 16.41% | 29.76% | -8.58% | 7.11% |
Correlation
The correlation between ZPRL.DE and OM3X.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Dec 15, 2016 | 0.72 |
Over the past year, the correlation between ZPRL.DE and OM3X.DE has dropped to 0.47 - well below their long-term average of 0.72, suggesting their price drivers have been diverging.
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Return for Risk
ZPRL.DE vs. OM3X.DE — Risk / Return Rank
ZPRL.DE
OM3X.DE
ZPRL.DE vs. OM3X.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 OMX Stockholm Capped UCITS ETF (OM3X.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 | OM3X.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.10 | -0.64 |
| Martin ratioReturn relative to average drawdown | 4.26 | 7.50 | -3.23 |
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Drawdowns
ZPRL.DE vs. OM3X.DE - Drawdown Comparison
The maximum ZPRL.DE drawdown since its inception was -35.34%, roughly equal to the maximum OM3X.DE drawdown of -36.07%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and OM3X.DE.
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Drawdown Indicators
| ZPRL.DE | OM3X.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.34% | -36.07% | +0.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.74% | -12.23% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -9.36% | -19.52% | +10.16% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -34.97% | +11.60% |
Max Drawdown (10Y)Largest decline over 10 years | -35.34% | — | — |
Current DrawdownCurrent decline from peak | -0.64% | -2.77% | +2.13% |
Average DrawdownAverage peak-to-trough decline | -5.34% | -8.96% | +3.62% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.67% | 3.44% | -0.77% |
Volatility
ZPRL.DE vs. OM3X.DE - Volatility Comparison
The current volatility for SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) is 2.01%, while iShares OMX Stockholm Capped UCITS ETF (OM3X.DE) has a volatility of 5.07%. This indicates that ZPRL.DE experiences smaller price fluctuations and is considered to be less risky than OM3X.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 | OM3X.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.01% | 5.07% | -3.06% |
Volatility (6M)Calculated over the trailing 6-month period | 8.27% | 14.88% | -6.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.64% | 17.89% | -8.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.96% | 20.50% | -8.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.42% | 20.14% | -6.72% |
ZPRL.DE vs. OM3X.DE - Expense Ratio Comparison
ZPRL.DE has a 0.30% expense ratio, which is higher than OM3X.DE's 0.10% expense ratio.
Dividends
ZPRL.DE vs. OM3X.DE - Dividend Comparison
Neither ZPRL.DE nor OM3X.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRL.DE and OM3X.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, OM3X.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
OM3X.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRL.DE.
ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100, while OM3X.DE tracks OMX Stockholm Benchmark Cap. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRL.DE and 0.10% for OM3X.DE.
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