ZPRP.DE vs. LEEU.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and LEEU.DE (Amundi FTSE EPRA Europe Real Estate UCITS ETF Dist) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while LEEU.DE tracks the FTSE EPRA/NAREIT Developed Europe. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs -0.33%/yr for LEEU.DE. Their correlation of 0.94 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
ZPRP.DE vs. LEEU.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 LEEU.DE's -1.07% return. Over the past 10 years, ZPRP.DE has outperformed LEEU.DE with an annualized return of 0.99%, while LEEU.DE has yielded a comparatively lower -0.33% 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%
LEEU.DE
- 1D
- 0.53%
- 1M
- -0.79%
- YTD
- -1.07%
- 6M
- -0.23%
- 1Y
- -2.88%
- 3Y*
- 6.48%
- 5Y*
- -4.92%
- 10Y*
- -0.33%
ZPRP.DE vs. LEEU.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% |
LEEU.DE Amundi FTSE EPRA Europe Real Estate UCITS ETF Dist | -1.07% | 6.43% | -4.44% | 16.06% | -38.11% | 16.71% | -8.35% | 28.60% | -8.98% | 12.79% |
Correlation
The correlation between ZPRP.DE and LEEU.DE is 0.93, 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 | 0.93 |
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 | 0.94 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.94 |
The correlation between ZPRP.DE and LEEU.DE has been stable across timeframes, ranging from 0.93 to 0.96 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. LEEU.DE — Risk / Return Rank
ZPRP.DE
LEEU.DE
ZPRP.DE vs. LEEU.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 Amundi FTSE EPRA Europe Real Estate UCITS ETF Dist (LEEU.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 | LEEU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.03 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.98 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.18 | +0.03 |
| Martin ratioReturn relative to average drawdown | -0.41 | -0.46 | +0.05 |
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 | LEEU.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | -0.18 | +0.03 |
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 | -0.02 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.19 | -0.11 |
Drawdowns
ZPRP.DE vs. LEEU.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, roughly equal to the maximum LEEU.DE drawdown of -48.13%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and LEEU.DE.
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Drawdown Indicators
| ZPRP.DE | LEEU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -48.13% | -0.56% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -15.66% | +0.37% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -21.66% | +1.86% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -48.13% | -0.56% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -48.13% | -0.56% |
Current DrawdownCurrent decline from peak | -26.29% | -29.86% | +3.57% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -14.36% | -2.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 6.27% | -0.52% |
Volatility
ZPRP.DE vs. LEEU.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to Amundi FTSE EPRA Europe Real Estate UCITS ETF Dist (LEEU.DE) at 4.58%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than LEEU.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 | LEEU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.58% | +0.76% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 13.17% | -0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 16.03% | -0.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 21.81% | +0.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 20.09% | -0.32% |
ZPRP.DE vs. LEEU.DE - Expense Ratio Comparison
Both ZPRP.DE and LEEU.DE have an expense ratio of 0.30%.
Dividends
ZPRP.DE vs. LEEU.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while LEEU.DE's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
LEEU.DE Amundi FTSE EPRA Europe Real Estate UCITS ETF Dist | 2.77% | 2.74% | 4.56% | 4.24% | 3.83% | 2.42% | 2.75% | 3.13% | 4.02% | 3.18% | 3.62% | 3.20% |
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 0.93, ZPRP.DE and LEEU.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRP.DE and LEEU.DE have the same expense ratio: 0.30% per year.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while LEEU.DE tracks FTSE EPRA/NAREIT Developed Europe. They also come from different issuers: State Street and Amundi.
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