ZPRP.DE vs. SPYJ.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both REIT funds from State Street - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while SPYJ.DE tracks the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 3.00%/yr for SPYJ.DE. A 0.61 correlation means they provide meaningful diversification when combined. ZPRP.DE charges 0.30%/yr vs 0.40%/yr for SPYJ.DE.
Performance
ZPRP.DE vs. SPYJ.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 SPYJ.DE's 8.14% return. Over the past 10 years, ZPRP.DE has underperformed SPYJ.DE with an annualized return of 0.99%, while SPYJ.DE has yielded a comparatively higher 3.00% 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%
SPYJ.DE
- 1D
- 0.05%
- 1M
- -0.54%
- YTD
- 8.14%
- 6M
- 7.27%
- 1Y
- 10.19%
- 3Y*
- 5.92%
- 5Y*
- 2.31%
- 10Y*
- 3.00%
ZPRP.DE vs. SPYJ.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% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 8.14% | -2.34% | 4.88% | 7.77% | -20.64% | 41.31% | -18.77% | 23.49% | -0.95% | -3.79% |
Correlation
The correlation between ZPRP.DE and SPYJ.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.60 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.59 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.61 |
The correlation between ZPRP.DE and SPYJ.DE has been stable across timeframes, ranging from 0.56 to 0.61 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. SPYJ.DE — Risk / Return Rank
ZPRP.DE
SPYJ.DE
ZPRP.DE vs. SPYJ.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 Dow Jones Global Real Estate UCITS ETF (SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.40 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.16 | -0.17 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.46 | -1.61 |
| Martin ratioReturn relative to average drawdown | -0.41 | 4.40 | -4.80 |
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 | SPYJ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.90 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.15 | -0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.18 | -0.13 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.32 | -0.25 |
Drawdowns
ZPRP.DE vs. SPYJ.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPYJ.DE's maximum drawdown of -42.92%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPYJ.DE.
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Drawdown Indicators
| ZPRP.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -42.92% | -5.77% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -6.95% | -8.34% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -20.29% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -30.71% | -17.98% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -42.92% | -5.77% |
Current DrawdownCurrent decline from peak | -26.29% | -7.72% | -18.57% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -11.10% | -5.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.31% | +3.44% |
Volatility
ZPRP.DE vs. SPYJ.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 Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) at 3.15%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPYJ.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 | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 3.15% | +2.19% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.50% | +4.50% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.29% | +4.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 15.11% | +7.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 16.96% | +2.81% |
ZPRP.DE vs. SPYJ.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than SPYJ.DE's 0.40% expense ratio.
Dividends
ZPRP.DE vs. SPYJ.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.57%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.57% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 3.16% | 4.36% | 4.02% | 2.53% | 2.10% |
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 SPYJ.DE have a correlation of 0.56, 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 0.40% for SPYJ.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. Their fees differ too: 0.30% for ZPRP.DE and 0.40% for SPYJ.DE.
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