ZPRL.DE vs. SPPW.DE
ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRL.DE is a Europe Equities fund tracking the EURO STOXX® Low Risk Weighted 100, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRL.DE returned 7.05%/yr vs 13.03%/yr for SPPW.DE. A 0.66 correlation means they provide meaningful diversification when combined. ZPRL.DE charges 0.30%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRL.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRL.DE achieves a 5.19% return, which is significantly lower than SPPW.DE's 10.85% 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%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRL.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF | 5.19% | 18.48% | 7.41% | 12.34% | -14.65% | 17.34% | -5.25% | 11.80% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRL.DE and SPPW.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.66 |
Over the past year, the correlation between ZPRL.DE and SPPW.DE has dropped to 0.44 - well below their long-term average of 0.66, suggesting their price drivers have been diverging.
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Return for Risk
ZPRL.DE vs. SPPW.DE — Risk / Return Rank
ZPRL.DE
SPPW.DE
ZPRL.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.54 | ||
| Sortino ratioReturn per unit of downside risk | -2.10 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.40 | -0.29 |
| Calmar ratioReturn relative to maximum drawdown | 0.72 | 3.66 | -2.95 |
| Martin ratioReturn relative to average drawdown | 2.02 | 14.69 | -12.68 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.62 | 2.16 | -1.54 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.59 | 0.92 | -0.33 |
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 | 0.86 | -0.33 |
Drawdowns
ZPRL.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRL.DE drawdown since its inception was -35.35%, roughly equal to the maximum SPPW.DE drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and SPPW.DE.
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Drawdown Indicators
| ZPRL.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.35% | -33.69% | -1.66% |
Max Drawdown (1Y)Largest decline over 1 year | -7.97% | -6.51% | -1.46% |
Max Drawdown (3Y)Largest decline over 3 years | -9.37% | -21.62% | +12.25% |
Max Drawdown (5Y)Largest decline over 5 years | -23.37% | -21.62% | -1.75% |
Max Drawdown (10Y)Largest decline over 10 years | -35.35% | — | — |
Current DrawdownCurrent decline from peak | -3.70% | -0.31% | -3.39% |
Average DrawdownAverage peak-to-trough decline | -5.39% | -4.43% | -0.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.84% | 1.63% | +1.21% |
Volatility
ZPRL.DE vs. SPPW.DE - Volatility Comparison
SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) has a higher volatility of 2.90% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRL.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.90% | 2.70% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 7.65% | 7.62% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.22% | 11.11% | -1.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.89% | 14.06% | -2.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.60% | 16.08% | -2.48% |
ZPRL.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRL.DE has a 0.30% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
ZPRL.DE vs. SPPW.DE - Dividend Comparison
Neither ZPRL.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRL.DE and SPPW.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ZPRL.DE.
ZPRL.DE is categorized as Europe Equities, while SPPW.DE is Global Equities. ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100, while SPPW.DE tracks MSCI World. Their fees differ too: 0.30% for ZPRL.DE and 0.12% for SPPW.DE.
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