ZPRP.DE vs. EXI5.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and EXI5.DE (iShares STOXX Europe 600 Real Estate UCITS ETF (DE)) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while EXI5.DE tracks the STOXX® Europe 600 Real Estate. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs -1.04%/yr for EXI5.DE. Their correlation of 0.95 suggests significant overlap in exposure. ZPRP.DE charges 0.30%/yr vs 0.46%/yr for EXI5.DE.
Performance
ZPRP.DE vs. EXI5.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 EXI5.DE's -0.40% return. Over the past 10 years, ZPRP.DE has outperformed EXI5.DE with an annualized return of 0.99%, while EXI5.DE has yielded a comparatively lower -1.04% annualized 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%
EXI5.DE
- 1D
- 0.83%
- 1M
- -0.45%
- YTD
- -0.40%
- 6M
- 0.20%
- 1Y
- -4.89%
- 3Y*
- 6.81%
- 5Y*
- -4.96%
- 10Y*
- -1.04%
ZPRP.DE vs. EXI5.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
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% | -5.98% | 14.94% |
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | -0.40% | 3.76% | -4.15% | 17.26% | -37.90% | 16.10% | -8.71% | 27.58% | -10.93% | 10.25% |
Correlation
The correlation between ZPRP.DE and EXI5.DE is 0.94, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.96 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.95 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.95 |
The correlation between ZPRP.DE and EXI5.DE has been stable across timeframes, ranging from 0.94 to 0.96 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. EXI5.DE — Risk / Return Rank
ZPRP.DE
EXI5.DE
ZPRP.DE vs. EXI5.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 STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.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 | EXI5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.96 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.32 | +0.17 |
| Martin ratioReturn relative to average drawdown | -0.41 | -0.75 | +0.34 |
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 | EXI5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | -0.31 | +0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.22 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | -0.05 | +0.10 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | -0.02 | +0.10 |
Drawdowns
ZPRP.DE vs. EXI5.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, smaller than the maximum EXI5.DE drawdown of -77.04%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and EXI5.DE.
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Drawdown Indicators
| ZPRP.DE | EXI5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -77.04% | +28.35% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -15.30% | +0.01% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -21.03% | +1.23% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -48.08% | -0.61% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -48.08% | -0.61% |
Current DrawdownCurrent decline from peak | -26.29% | -29.97% | +3.68% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -30.50% | +13.69% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 6.50% | -0.75% |
Volatility
ZPRP.DE vs. EXI5.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 STOXX Europe 600 Real Estate UCITS ETF (DE) (EXI5.DE) at 4.75%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than EXI5.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 | EXI5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.75% | +0.59% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 13.25% | -0.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 15.90% | -0.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 22.21% | -0.09% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 20.28% | -0.51% |
ZPRP.DE vs. EXI5.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than EXI5.DE's 0.46% expense ratio.
Dividends
ZPRP.DE vs. EXI5.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while EXI5.DE's dividend yield for the trailing twelve months is around 2.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXI5.DE iShares STOXX Europe 600 Real Estate UCITS ETF (DE) | 2.13% | 2.02% | 1.82% | 2.05% | 2.19% | 0.93% | 1.30% | 2.10% | 2.15% | 3.10% | 2.80% | 2.65% |
ZPRP.DE SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.94, ZPRP.DE and EXI5.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.46% for EXI5.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while EXI5.DE tracks STOXX® Europe 600 Real Estate. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRP.DE and 0.46% for EXI5.DE.
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