ZPRP.DE vs. ESAD.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and ESAD.DE (BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while ESAD.DE tracks the FTSE EPRA Nareit Developed Green EU CTB. Both are passively managed. Over the past 3 years, ZPRP.DE returned 9.93%/yr vs 4.85%/yr for ESAD.DE. A 0.65 correlation means they provide meaningful diversification when combined. ZPRP.DE charges 0.30%/yr vs 0.41%/yr for ESAD.DE.
Performance
ZPRP.DE vs. ESAD.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 ESAD.DE's 7.67% 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%
ESAD.DE
- 1D
- 0.00%
- 1M
- -0.65%
- YTD
- 7.67%
- 6M
- 6.84%
- 1Y
- 7.43%
- 3Y*
- 4.85%
- 5Y*
- —
- 10Y*
- —
ZPRP.DE vs. ESAD.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | -0.81% | 6.98% | -2.34% | 19.03% | -34.02% |
ESAD.DE BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation | 7.67% | -3.81% | 3.54% | 7.64% | -19.66% |
Correlation
The correlation between ZPRP.DE and ESAD.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Mar 18, 2022 | 0.65 |
The correlation between ZPRP.DE and ESAD.DE has been stable across timeframes, ranging from 0.61 to 0.65 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. ESAD.DE — Risk / Return Rank
ZPRP.DE
ESAD.DE
ZPRP.DE vs. ESAD.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 BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.06 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.12 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.90 | -1.05 |
| Martin ratioReturn relative to average drawdown | -0.41 | 2.70 | -3.11 |
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 | ESAD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.63 | -0.78 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | — | — |
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 | -0.12 | +0.20 |
Drawdowns
ZPRP.DE vs. ESAD.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than ESAD.DE's maximum drawdown of -30.37%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and ESAD.DE.
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Drawdown Indicators
| ZPRP.DE | ESAD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -30.37% | -18.32% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -8.26% | -7.03% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -17.22% | -2.58% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | — | — |
Current DrawdownCurrent decline from peak | -26.29% | -11.52% | -14.77% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -17.56% | +0.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.75% | +3.00% |
Volatility
ZPRP.DE vs. ESAD.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to BNP Paribas Easy FTSE EPRA Nareit Global Developed Green CTB UCITS ETF EUR Capitalisation (ESAD.DE) at 2.98%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than ESAD.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 | ESAD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.98% | +2.36% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 9.07% | +3.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.74% | +3.56% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 14.78% | +7.34% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 14.78% | +4.99% |
ZPRP.DE vs. ESAD.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than ESAD.DE's 0.41% expense ratio.
Dividends
ZPRP.DE vs. ESAD.DE - Dividend Comparison
Neither ZPRP.DE nor ESAD.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and ESAD.DE have a correlation of 0.61, 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 0.41% for ESAD.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while ESAD.DE tracks FTSE EPRA Nareit Developed Green EU CTB. They also come from different issuers: State Street and BNP Paribas. Their fees differ too: 0.30% for ZPRP.DE and 0.41% for ESAD.DE.
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