ZPRP.DE vs. SPPY.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPRP.DE returned -4.33%/yr vs 15.63%/yr for SPPY.DE. At a 0.40 correlation, their price movements are largely independent. ZPRP.DE charges 0.30%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPRP.DE vs. SPPY.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 SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
ZPRP.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 3.69% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between ZPRP.DE and SPPY.DE is 0.28, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.28 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.24 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.40 |
The correlation between ZPRP.DE and SPPY.DE shifts across timeframes, from 0.24 (3 years) to 0.40 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRP.DE vs. SPPY.DE — Risk / Return Rank
ZPRP.DE
SPPY.DE
ZPRP.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.58 | ||
| Sortino ratioReturn per unit of downside risk | -3.44 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 4.21 | -4.36 |
| Martin ratioReturn relative to average drawdown | -0.41 | 16.03 | -16.44 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.43 | -2.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 1.00 | -1.19 |
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 | 0.92 | -0.84 |
Drawdowns
ZPRP.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPPY.DE.
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Drawdown Indicators
| ZPRP.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -33.31% | -15.38% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -6.71% | -8.58% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -23.82% | +4.02% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -23.82% | -24.87% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | — | — |
Current DrawdownCurrent decline from peak | -26.29% | 0.00% | -26.29% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -4.84% | -11.97% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 1.77% | +3.98% |
Volatility
ZPRP.DE vs. SPPY.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.69% | +2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 7.79% | +5.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.62% | +3.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 15.43% | +6.69% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 17.57% | +2.20% |
ZPRP.DE vs. SPPY.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
ZPRP.DE vs. SPPY.DE - Dividend Comparison
Neither ZPRP.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and SPPY.DE have a correlation of 0.28, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRP.DE.
ZPRP.DE is categorized as REIT, while SPPY.DE is S&P 500. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.30% for ZPRP.DE and 0.10% for SPPY.DE.
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