ZPRM.DE vs. SPYI.DE
ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - ZPRM.DE is a Money Market fund tracking the Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 5 years, ZPRM.DE returned 12.31%/yr vs 10.68%/yr for SPYI.DE. At a 0.40 correlation, their price movements are largely independent. ZPRM.DE charges 0.05%/yr vs 0.17%/yr for SPYI.DE.
Performance
ZPRM.DE vs. SPYI.DE - Performance Comparison
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Different Trading Currencies
ZPRM.DE is traded in USD, while SPYI.DE is traded in EUR. To make them comparable, the SPYI.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 lower than SPYI.DE's 11.60% 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*
- —
SPYI.DE
- 1D
- 0.56%
- 1M
- -0.34%
- 6M
- 11.54%
- YTD
- 11.60%
- 1Y
- 23.80%
- 3Y*
- 19.32%
- 5Y*
- 10.68%
- 10Y*
- 12.56%
ZPRM.DE vs. SPYI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 6.36% | 23.34% | -6.88% | 29.70% | 13.58% | 1.41% | -0.25% | 13.94% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 11.60% | 23.13% | 15.95% | 21.25% | -17.73% | 17.69% | 15.67% | 7.97% |
Correlation
The correlation between ZPRM.DE and SPYI.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 | 0.40 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.40 |
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Return for Risk
ZPRM.DE vs. SPYI.DE — Risk / Return Rank
ZPRM.DE
SPYI.DE
ZPRM.DE vs. SPYI.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 SPDR MSCI ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.34 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.69 | +0.33 |
| Martin ratioReturn relative to average drawdown | 12.41 | 10.80 | +1.61 |
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Drawdowns
ZPRM.DE vs. SPYI.DE - Drawdown Comparison
The maximum ZPRM.DE drawdown since its inception was -24.15%, smaller than the maximum SPYI.DE drawdown of -44.93%. Use the drawdown chart below to compare losses from any high point for ZPRM.DE and SPYI.DE.
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Drawdown Indicators
| ZPRM.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -44.93% | +20.78% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -8.81% | +3.97% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -17.94% | +2.38% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -26.20% | +10.64% |
Max Drawdown (10Y)Largest decline over 10 years | — | -34.96% | — |
Current DrawdownCurrent decline from peak | -1.36% | -1.06% | -0.30% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -10.37% | +6.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.20% | -1.02% |
Volatility
ZPRM.DE vs. SPYI.DE - Volatility Comparison
The current volatility for State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) (ZPRM.DE) is 2.47%, while SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) has a volatility of 3.91%. This indicates that ZPRM.DE experiences smaller price fluctuations and is considered to be less risky than SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 3.91% | -1.44% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 9.79% | -3.42% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 12.59% | -4.81% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 15.48% | -4.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 16.63% | -2.93% |
ZPRM.DE vs. SPYI.DE - Expense Ratio Comparison
ZPRM.DE has a 0.05% expense ratio, which is lower than SPYI.DE's 0.17% 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. SPYI.DE - Dividend Comparison
Neither ZPRM.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRM.DE and SPYI.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, 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 0.17% for SPYI.DE.
ZPRM.DE is categorized as Money Market, while SPYI.DE is Global Equities. ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.05% for ZPRM.DE and 0.17% for SPYI.DE.
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