ZPRP.DE vs. SPY5.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPY5.DE (SPDR S&P 500 UCITS ETF) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while SPY5.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 15.13%/yr for SPY5.DE. At a 0.40 correlation, their price movements are largely independent. ZPRP.DE charges 0.30%/yr vs 0.03%/yr for SPY5.DE.
Performance
ZPRP.DE vs. SPY5.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 SPY5.DE's 11.39% return. Over the past 10 years, ZPRP.DE has underperformed SPY5.DE with an annualized return of 0.99%, while SPY5.DE has yielded a comparatively higher 15.13% 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%
SPY5.DE
- 1D
- -0.13%
- 1M
- 5.22%
- YTD
- 11.39%
- 6M
- 11.43%
- 1Y
- 25.61%
- 3Y*
- 18.89%
- 5Y*
- 14.76%
- 10Y*
- 15.13%
ZPRP.DE vs. SPY5.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% |
SPY5.DE SPDR S&P 500 UCITS ETF | 11.39% | 4.75% | 32.36% | 22.42% | -14.24% | 40.60% | 6.73% | 34.93% | 0.25% | 6.69% |
Correlation
The correlation between ZPRP.DE and SPY5.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.25 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.36 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.38 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.40 |
The correlation between ZPRP.DE and SPY5.DE shifts across timeframes, from 0.25 (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. SPY5.DE — Risk / Return Rank
ZPRP.DE
SPY5.DE
ZPRP.DE vs. SPY5.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 SPDR S&P 500 UCITS ETF (SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.37 | ||
| Sortino ratioReturn per unit of downside risk | -3.12 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.41 | -0.42 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 3.57 | -3.72 |
| Martin ratioReturn relative to average drawdown | -0.41 | 12.77 | -13.17 |
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 | SPY5.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.22 | -2.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.96 | -1.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.93 | -0.88 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.97 | -0.89 |
Drawdowns
ZPRP.DE vs. SPY5.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPY5.DE's maximum drawdown of -33.86%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPY5.DE.
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Drawdown Indicators
| ZPRP.DE | SPY5.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -33.86% | -14.83% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -7.15% | -8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -23.34% | +3.54% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -23.34% | -25.35% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -33.86% | -14.83% |
Current DrawdownCurrent decline from peak | -26.29% | -0.44% | -25.85% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -3.95% | -12.86% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.00% | +3.75% |
Volatility
ZPRP.DE vs. SPY5.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to SPDR S&P 500 UCITS ETF (SPY5.DE) at 2.66%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPY5.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 | SPY5.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.66% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 7.54% | +5.46% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.51% | +3.79% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 15.18% | +6.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 16.07% | +3.70% |
ZPRP.DE vs. SPY5.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is higher than SPY5.DE's 0.03% expense ratio.
Dividends
ZPRP.DE vs. SPY5.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while SPY5.DE's dividend yield for the trailing twelve months is around 0.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY5.DE SPDR S&P 500 UCITS ETF | 0.89% | 0.99% | 1.03% | 1.22% | 1.42% | 0.95% | 1.37% | 1.74% | 3.30% | 1.59% | 1.57% | 1.69% |
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
ZPRP.DE and SPY5.DE have a correlation of 0.26, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY5.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY5.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRP.DE.
ZPRP.DE is categorized as REIT, while SPY5.DE is S&P 500. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPY5.DE tracks S&P 500 Index. Their fees differ too: 0.30% for ZPRP.DE and 0.03% for SPY5.DE.
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