ZPRL.DE vs. SPY5.DE

Last updated Jun 5, 2026

ZPRL.DE (SPDR EURO STOXX Low Volatility UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - ZPRL.DE is a Europe Equities fund tracking the EURO STOXX® Low Risk Weighted 100, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ZPRL.DE returned 6.55%/yr vs 15.13%/yr for SPY5.DE. A 0.59 correlation means they provide meaningful diversification when combined. ZPRL.DE charges 0.30%/yr vs 0.03%/yr for SPY5.DE.

Performance

ZPRL.DE vs. SPY5.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 SPDR S&P 500 UCITS ETF (SPY5.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 lower than SPY5.DE's 11.39% return. Over the past 10 years, ZPRL.DE has underperformed SPY5.DE with an annualized return of 6.55%, while SPY5.DE has yielded a comparatively higher 15.13% annualized 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%

SPY5.DE

• 1D: -0.13%
• 1M: 5.22%
• YTD: 11.39%
• 6M: 11.43%
• 1Y: 25.61%
• 3Y*: 18.89%
• 5Y*: 14.76%
• 10Y*: 15.13%

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

ZPRL.DE vs. SPY5.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%
SPY5.DE SPDR S&P 500 UCITS ETF	11.39%	4.75%	32.36%	22.42%	-14.24%	40.60%	6.73%	34.93%	0.25%	6.69%

Correlation

The correlation between ZPRL.DE and SPY5.DE is 0.32, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.32
Correlation (3Y) Calculated over the trailing 3-year period	0.33
Correlation (5Y) Calculated over the trailing 5-year period	0.48
Correlation (10Y) Calculated over the trailing 10-year period	0.57
Correlation (All Time) Calculated using the full available price history since Mar 26, 2014	0.59

Over the past year, the correlation between ZPRL.DE and SPY5.DE has dropped to 0.32 - well below their long-term average of 0.59, suggesting their price drivers have been diverging.

Return for Risk

ZPRL.DE vs. SPY5.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

SPY5.DE

SPY5.DE Risk / Return Rank: 69
SPY5.DE Sharpe Ratio Rank: 68
SPY5.DE Sortino Ratio Rank: 67
SPY5.DE Omega Ratio Rank: 70
SPY5.DE Calmar Ratio Rank: 73
SPY5.DE Martin Ratio Rank: 69

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. SPY5.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 S&P 500 UCITS ETF (SPY5.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	SPY5.DE	Difference
Sharpe ratio: Return per unit of total volatility	0.62	2.22	-1.60
Sortino ratio: Return per unit of downside risk	0.89	3.01	-2.12
Omega ratio: Gain probability vs. loss probability	1.11	1.41	-0.30
Calmar ratio: Return relative to maximum drawdown	0.72	3.57	-2.85
Martin ratio: Return relative to average drawdown	2.02	12.77	-10.75
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. SPY5.DE - Sharpe Ratio Comparison

The current ZPRL.DE Sharpe Ratio is 0.62, which is lower than the SPY5.DE Sharpe Ratio of 2.22. The chart below compares the historical Sharpe Ratios of ZPRL.DE and SPY5.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	SPY5.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.62	2.22	-1.60
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.59	0.96	-0.38
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.48	0.93	-0.46
Sharpe Ratio (All Time) Calculated using the full available price history	0.53	0.97	-0.44

Drawdowns

ZPRL.DE vs. SPY5.DE - Drawdown Comparison

The maximum ZPRL.DE drawdown since its inception was -35.35%, roughly equal to the maximum SPY5.DE drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for ZPRL.DE and SPY5.DE.

Drawdown Indicators

	ZPRL.DE	SPY5.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.35%	-33.86%	-1.49%
Max Drawdown (1Y) Largest decline over 1 year	-7.97%	-7.15%	-0.82%
Max Drawdown (3Y) Largest decline over 3 years	-9.37%	-23.34%	+13.97%
Max Drawdown (5Y) Largest decline over 5 years	-23.37%	-23.34%	-0.03%
Max Drawdown (10Y) Largest decline over 10 years	-35.35%	-33.86%	-1.49%
Current Drawdown Current decline from peak	-3.70%	-0.44%	-3.26%
Average Drawdown Average peak-to-trough decline	-5.39%	-3.95%	-1.44%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.84%	2.00%	+0.84%

Volatility

ZPRL.DE vs. SPY5.DE - Volatility Comparison

SPDR EURO STOXX Low Volatility UCITS ETF (ZPRL.DE) has a higher volatility of 2.90% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that ZPRL.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRL.DE	SPY5.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.90%	2.66%	+0.24%
Volatility (6M) Calculated over the trailing 6-month period	7.65%	7.54%	+0.11%
Volatility (1Y) Calculated over the trailing 1-year period	9.22%	11.51%	-2.29%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	11.89%	15.18%	-3.29%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	13.60%	16.07%	-2.47%

ZPRL.DE vs. SPY5.DE - Expense Ratio Comparison

ZPRL.DE has a 0.30% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio.

Dividends

ZPRL.DE vs. SPY5.DE - Dividend Comparison

ZPRL.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
SPY5.DE SPDR S&P 500 UCITS ETF	0.89%	0.99%	1.03%	1.22%	1.42%	0.95%	1.37%	1.74%	3.30%	1.59%	1.57%	1.69%
ZPRL.DE SPDR EURO STOXX Low Volatility UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZPRL.DE and SPY5.DE in my portfolio?

ZPRL.DE and SPY5.DE have a correlation of 0.32, 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 SPY5.DE?

On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRL.DE or SPY5.DE?

SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRL.DE.

What is the main difference between ZPRL.DE and SPY5.DE?

ZPRL.DE is categorized as Europe Equities, while SPY5.DE is S&P 500. ZPRL.DE tracks EURO STOXX® Low Risk Weighted 100, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.30% for ZPRL.DE and 0.03% for SPY5.DE.