ZPRM.DE vs. ZPRX.DE
ZPRM.DE (State Street SPDR Bloomberg 1-3 Month T-Bill MXN Hdg UCITS ETF (Acc)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 5 years, ZPRM.DE returned 12.31%/yr vs 7.75%/yr for ZPRX.DE. At a 0.44 correlation, their price movements are largely independent. ZPRM.DE charges 0.05%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPRM.DE vs. ZPRX.DE - Performance Comparison
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Different Trading Currencies
ZPRM.DE is traded in USD, while ZPRX.DE is traded in EUR. To make them comparable, the ZPRX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRM.DE having a 6.36% return and ZPRX.DE slightly lower at 6.18%.
ZPRM.DE
- 1D
- -0.04%
- 1M
- -0.34%
- 6M
- 5.69%
- YTD
- 6.36%
- 1Y
- 14.68%
- 3Y*
- 9.14%
- 5Y*
- 12.31%
- 10Y*
- —
ZPRX.DE
- 1D
- 1.32%
- 1M
- 0.09%
- 6M
- 5.93%
- YTD
- 6.18%
- 1Y
- 13.64%
- 3Y*
- 17.44%
- 5Y*
- 7.75%
- 10Y*
- 9.96%
ZPRM.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 6.18% | 43.16% | -1.67% | 18.90% | -18.28% | 17.53% | 5.91% | 13.71% |
Correlation
The correlation between ZPRM.DE and ZPRX.DE is 0.60, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Jul 18, 2019 | 0.44 |
The correlation between ZPRM.DE and ZPRX.DE shifts across timeframes, from 0.44 (all time) to 0.60 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRM.DE vs. ZPRX.DE — Risk / Return Rank
ZPRM.DE
ZPRX.DE
ZPRM.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.04 | ||
| Sortino ratioReturn per unit of downside risk | +1.45 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.15 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.02 | 0.97 | +2.05 |
| Martin ratioReturn relative to average drawdown | 12.41 | 3.20 | +9.21 |
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Drawdowns
ZPRM.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPRM.DE drawdown since its inception was -24.15%, smaller than the maximum ZPRX.DE drawdown of -50.35%. Use the drawdown chart below to compare losses from any high point for ZPRM.DE and ZPRX.DE.
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Drawdown Indicators
| ZPRM.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -24.15% | -50.35% | +26.20% |
Max Drawdown (1Y)Largest decline over 1 year | -4.84% | -14.04% | +9.20% |
Max Drawdown (3Y)Largest decline over 3 years | -15.56% | -16.10% | +0.54% |
Max Drawdown (5Y)Largest decline over 5 years | -15.56% | -38.56% | +23.00% |
Max Drawdown (10Y)Largest decline over 10 years | — | -50.35% | — |
Current DrawdownCurrent decline from peak | -1.36% | -2.13% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -4.04% | -11.19% | +7.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.18% | 4.25% | -3.07% |
Volatility
ZPRM.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.45%. This indicates that ZPRM.DE experiences smaller price fluctuations and is considered to be less risky than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.47% | 4.45% | -1.98% |
Volatility (6M)Calculated over the trailing 6-month period | 6.37% | 13.33% | -6.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 7.78% | 16.18% | -8.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 10.70% | 20.05% | -9.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.70% | 19.91% | -6.21% |
ZPRM.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPRM.DE has a 0.05% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPRM.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPRM.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRM.DE and ZPRX.DE have a correlation of 0.60, 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 0.30% for ZPRX.DE.
ZPRM.DE is categorized as Money Market, while ZPRX.DE is Europe Equities. ZPRM.DE tracks Bloomberg US Treasury Bills 1-3 Month Index (MXN Hedged), while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.05% for ZPRM.DE and 0.30% for ZPRX.DE.
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