ZPRP.DE vs. AYEP.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and AYEP.DE (iShares Asia Property Yield UCITS ETF USD Acc) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while AYEP.DE tracks the FTSE EPRA/NAREIT Developed Asia Dividend+. Both are passively managed. Over the past 5 years, ZPRP.DE returned -4.33%/yr vs -1.21%/yr for AYEP.DE. At a 0.42 correlation, their price movements are largely independent. ZPRP.DE charges 0.30%/yr vs 0.59%/yr for AYEP.DE.
Performance
ZPRP.DE vs. AYEP.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRP.DE achieves a -0.81% return, which is significantly higher than AYEP.DE's -5.35% return.
ZPRP.DE
- 1D
- 0.56%
- 1M
- -1.34%
- YTD
- -0.81%
- 6M
- -0.50%
- 1Y
- -2.34%
- 3Y*
- 9.93%
- 5Y*
- -4.33%
- 10Y*
- 0.99%
AYEP.DE
- 1D
- -0.02%
- 1M
- -6.11%
- YTD
- -5.35%
- 6M
- -4.80%
- 1Y
- 4.48%
- 3Y*
- 0.62%
- 5Y*
- -1.21%
- 10Y*
- —
ZPRP.DE vs. AYEP.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | -6.56% | 26.91% | -4.74% |
AYEP.DE iShares Asia Property Yield UCITS ETF USD Acc | -5.35% | 15.89% | -4.24% | -5.46% | -7.48% | 13.37% | -16.64% | 19.27% | -2.92% |
Correlation
The correlation between ZPRP.DE and AYEP.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Dec 17, 2018 | 0.42 |
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Return for Risk
ZPRP.DE vs. AYEP.DE — Risk / Return Rank
ZPRP.DE
AYEP.DE
ZPRP.DE vs. AYEP.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) and iShares Asia Property Yield UCITS ETF USD Acc (AYEP.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.
| ZPRP.DE | AYEP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.56 | ||
| Sortino ratioReturn per unit of downside risk | -0.77 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.08 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.36 | -0.51 |
| Martin ratioReturn relative to average drawdown | -0.41 | 1.10 | -1.50 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRP.DE | AYEP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.41 | -0.56 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.10 | -0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.00 | +0.07 |
Drawdowns
ZPRP.DE vs. AYEP.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than AYEP.DE's maximum drawdown of -38.46%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and AYEP.DE.
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Drawdown Indicators
| ZPRP.DE | AYEP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -38.46% | -10.23% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -12.31% | -2.98% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -12.31% | -7.49% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -22.65% | -26.04% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | — | — |
Current DrawdownCurrent decline from peak | -26.29% | -16.71% | -9.58% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -15.03% | -1.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 4.07% | +1.68% |
Volatility
ZPRP.DE vs. AYEP.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to iShares Asia Property Yield UCITS ETF USD Acc (AYEP.DE) at 2.79%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than AYEP.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRP.DE | AYEP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.79% | +2.55% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.31% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 10.94% | +4.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 11.71% | +10.41% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 15.43% | +4.34% |
ZPRP.DE vs. AYEP.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than AYEP.DE's 0.59% expense ratio.
Dividends
ZPRP.DE vs. AYEP.DE - Dividend Comparison
Neither ZPRP.DE nor AYEP.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and AYEP.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRP.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE is cheaper with a 0.30% expense ratio, compared with 0.59% for AYEP.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while AYEP.DE tracks FTSE EPRA/NAREIT Developed Asia Dividend+. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRP.DE and 0.59% for AYEP.DE.
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