ZPRM.DE vs. E0UA.DE
ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) and E0UA.DE (iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc)) are both Money Market funds - ZPRM.DE tracks the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged) while E0UA.DE tracks the ICE 0-3 Month Euro Government Bill Index. Both are passively managed. Over the past year, ZPRM.DE returned 14.68% vs -0.84% for E0UA.DE. At a 0.38 correlation, their price movements are largely independent. ZPRM.DE charges 0.05%/yr vs 0.07%/yr for E0UA.DE.
Performance
ZPRM.DE vs. E0UA.DE - Performance Comparison
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Different Trading Currencies
ZPRM.DE is traded in USD, while E0UA.DE is traded in EUR. To make them comparable, the E0UA.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRM.DE achieves a 6.36% return, which is significantly higher than E0UA.DE's -1.71% return.
ZPRM.DE
- 1D
- -0.04%
- 1M
- -0.34%
- 6M
- 5.69%
- YTD
- 6.36%
- 1Y
- 14.68%
- 3Y*
- 9.14%
- 5Y*
- 12.31%
- 10Y*
- —
E0UA.DE
- 1D
- 0.00%
- 1M
- -1.25%
- 6M
- -1.46%
- YTD
- -1.71%
- 1Y
- -0.84%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRM.DE vs. E0UA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 6.36% | 23.34% | 1.46% |
E0UA.DE iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) | -1.71% | 15.32% | -1.33% |
Correlation
The correlation between ZPRM.DE and E0UA.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 (All Time) Calculated using the full available price history since Nov 29, 2024 | 0.38 |
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Return for Risk
ZPRM.DE vs. E0UA.DE — Risk / Return Rank
ZPRM.DE
E0UA.DE
ZPRM.DE vs. E0UA.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) and iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.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.
| ZPRM.DE | E0UA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.02 | ||
| Sortino ratioReturn per unit of downside risk | +2.89 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 0.98 | +0.37 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | -0.17 | +3.19 |
| Martin ratioReturn relative to average drawdown | 12.41 | -0.37 | +12.78 |
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Drawdowns
ZPRM.DE vs. E0UA.DE - Drawdown Comparison
The maximum ZPRM.DE drawdown since its inception was -24.15%, which is greater than E0UA.DE's maximum drawdown of -4.96%. Use the drawdown chart below to compare losses from any high point for ZPRM.DE and E0UA.DE.
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Drawdown Indicators
| ZPRM.DE | E0UA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -4.96% | -19.19% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -4.96% | +0.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | — | — |
Current DrawdownCurrent decline from peak | -1.36% | -4.22% | +2.86% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -1.55% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.24% | -1.06% |
Volatility
ZPRM.DE vs. E0UA.DE - Volatility Comparison
State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) has a higher volatility of 2.47% compared to iShares Euro Government Bond 0-3 Month UCITS ETF EUR (Acc) (E0UA.DE) at 1.66%. This indicates that ZPRM.DE's price experiences larger fluctuations and is considered to be riskier than E0UA.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRM.DE | E0UA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 1.66% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 4.54% | +1.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 6.30% | +1.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 7.46% | +3.24% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 7.46% | +6.24% |
ZPRM.DE vs. E0UA.DE - Expense Ratio Comparison
ZPRM.DE has a 0.05% expense ratio, which is lower than E0UA.DE's 0.07% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZPRM.DE vs. E0UA.DE - Dividend Comparison
Neither ZPRM.DE nor E0UA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRM.DE and E0UA.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, ZPRM.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRM.DE is cheaper with a 0.05% expense ratio, compared with 0.07% for E0UA.DE.
ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while E0UA.DE tracks ICE 0-3 Month Euro Government Bill Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.05% for ZPRM.DE and 0.07% for E0UA.DE.
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