ZPRM.DE vs. SPYL.DE
ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) 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 SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPRM.DE returned 14.68% vs 20.43% for SPYL.DE. At a 0.26 correlation, their price movements are largely independent. ZPRM.DE charges 0.05%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPRM.DE vs. SPYL.DE - Performance Comparison
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Different Trading Currencies
ZPRM.DE is traded in USD, while SPYL.DE is traded in EUR. To make them comparable, the SPYL.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 SPYL.DE's 8.99% 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*
- —
SPYL.DE
- 1D
- 0.00%
- 1M
- -1.02%
- 6M
- 10.03%
- YTD
- 8.99%
- 1Y
- 20.43%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRM.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRM.DE State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc) | 6.36% | 23.34% | -6.88% | 7.84% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 8.99% | 18.21% | 24.76% | 12.46% |
Correlation
The correlation between ZPRM.DE and SPYL.DE is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.26 |
The correlation between ZPRM.DE and SPYL.DE shifts across timeframes, from 0.26 (all time) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRM.DE vs. SPYL.DE — Risk / Return Rank
ZPRM.DE
SPYL.DE
ZPRM.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.18 | ||
| Sortino ratioReturn per unit of downside risk | +0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.30 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 2.39 | +0.63 |
| Martin ratioReturn relative to average drawdown | 12.41 | 9.69 | +2.72 |
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Drawdowns
ZPRM.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPRM.DE drawdown since its inception was -24.15%, which is greater than SPYL.DE's maximum drawdown of -19.42%. Use the drawdown chart below to compare losses from any high point for ZPRM.DE and SPYL.DE.
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Drawdown Indicators
| ZPRM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -19.42% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -8.60% | +3.76% |
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% | -1.61% | +0.25% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -1.81% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 2.11% | -0.93% |
Volatility
ZPRM.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) has a volatility of 3.87%. This indicates that ZPRM.DE experiences smaller price fluctuations and is considered to be less risky than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 3.87% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 8.74% | -2.37% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 12.08% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 14.53% | -3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 14.53% | -0.83% |
ZPRM.DE vs. SPYL.DE - Expense Ratio Comparison
ZPRM.DE has a 0.05% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, 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. SPYL.DE - Dividend Comparison
Neither ZPRM.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRM.DE and SPYL.DE have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.05% for ZPRM.DE.
ZPRM.DE is categorized as Money Market, while SPYL.DE is S&P 500. ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.05% for ZPRM.DE and 0.03% for SPYL.DE.
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