ZPRP.DE vs. SPYW.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 6.79%/yr for SPYW.DE. A 0.62 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ZPRP.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, ZPRP.DE has underperformed SPYW.DE with an annualized return of 0.99%, while SPYW.DE has yielded a comparatively higher 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPRP.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between ZPRP.DE and SPYW.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.60 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.62 |
The correlation between ZPRP.DE and SPYW.DE has been stable across timeframes, ranging from 0.59 to 0.63 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. SPYW.DE — Risk / Return Rank
ZPRP.DE
SPYW.DE
ZPRP.DE vs. SPYW.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 Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.89 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.14 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 0.98 | -1.13 |
| Martin ratioReturn relative to average drawdown | -0.41 | 3.14 | -3.55 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 0.74 | -0.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.60 | -0.79 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.45 | -0.40 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.53 | -0.45 |
Drawdowns
ZPRP.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPYW.DE's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPYW.DE.
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Drawdown Indicators
| ZPRP.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -38.68% | -10.01% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -7.99% | -7.30% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -11.64% | -8.16% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -23.97% | -24.72% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -38.68% | -10.01% |
Current DrawdownCurrent decline from peak | -26.29% | -2.54% | -23.75% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -5.62% | -11.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 2.50% | +3.25% |
Volatility
ZPRP.DE vs. SPYW.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 Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 2.92% | +2.42% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.76% | +4.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 10.65% | +4.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 13.27% | +8.85% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 14.88% | +4.89% |
ZPRP.DE vs. SPYW.DE - Expense Ratio Comparison
Both ZPRP.DE and SPYW.DE have an expense ratio of 0.30%.
Dividends
ZPRP.DE vs. SPYW.DE - Dividend Comparison
ZPRP.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.61, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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 SPYW.DE have the same expense ratio: 0.30% per year.
ZPRP.DE is categorized as REIT, while SPYW.DE is Europe Equities. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats.
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