ZPRP.DE vs. CSYZ.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and CSYZ.DE (CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while CSYZ.DE tracks the FTSE EPRA Nareit Developed Green. Both are passively managed. Over the past 5 years, ZPRP.DE returned -4.33%/yr vs 0.05%/yr for CSYZ.DE. A 0.62 correlation means they provide meaningful diversification when combined. ZPRP.DE charges 0.30%/yr vs 0.25%/yr for CSYZ.DE.
Performance
ZPRP.DE vs. CSYZ.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 lower than CSYZ.DE's 7.36% 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%
CSYZ.DE
- 1D
- 0.21%
- 1M
- -0.49%
- YTD
- 7.36%
- 6M
- 6.96%
- 1Y
- 6.45%
- 3Y*
- 3.23%
- 5Y*
- 0.05%
- 10Y*
- —
ZPRP.DE vs. CSYZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -36.37% | 10.87% | 15.36% |
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD | 7.36% | -5.02% | 2.47% | 4.08% | -19.53% | 36.67% | 5.48% |
Correlation
The correlation between ZPRP.DE and CSYZ.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 | 0.57 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Jun 30, 2020 | 0.62 |
The correlation between ZPRP.DE and CSYZ.DE has been stable across timeframes, ranging from 0.57 to 0.62 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. CSYZ.DE — Risk / Return Rank
ZPRP.DE
CSYZ.DE
ZPRP.DE vs. CSYZ.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 CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.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 | CSYZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.72 | ||
| Sortino ratioReturn per unit of downside risk | -0.97 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.10 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.80 | -0.95 |
| Martin ratioReturn relative to average drawdown | -0.41 | 2.28 | -2.69 |
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 | CSYZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.57 | -0.72 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.00 | -0.20 |
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 | 0.26 | -0.18 |
Drawdowns
ZPRP.DE vs. CSYZ.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than CSYZ.DE's maximum drawdown of -31.21%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and CSYZ.DE.
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Drawdown Indicators
| ZPRP.DE | CSYZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -31.21% | -17.48% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -8.07% | -7.22% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -20.14% | +0.34% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -31.21% | -17.48% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | — | — |
Current DrawdownCurrent decline from peak | -26.29% | -15.10% | -11.19% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -13.84% | -2.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.82% | +2.93% |
Volatility
ZPRP.DE vs. CSYZ.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD (CSYZ.DE) at 2.84%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than CSYZ.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 | CSYZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.84% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.54% | +4.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.29% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 15.03% | +7.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 15.22% | +4.55% |
ZPRP.DE vs. CSYZ.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is higher than CSYZ.DE's 0.25% expense ratio.
Dividends
ZPRP.DE vs. CSYZ.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while CSYZ.DE's dividend yield for the trailing twelve months is around 1.01%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
CSYZ.DE CSIF (IE) FTSE EPRA Nareit Developed Green Blue UCITS ETF A USD | 1.01% | 1.32% | 0.00% | 0.76% | 3.39% | 0.21% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRP.DE and CSYZ.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, CSYZ.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
CSYZ.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRP.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while CSYZ.DE tracks FTSE EPRA Nareit Developed Green. They also come from different issuers: State Street and Credit Suisse. Their fees differ too: 0.30% for ZPRP.DE and 0.25% for CSYZ.DE.
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