ZPRP.DE vs. SPYY.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and SPYY.DE (SPDR MSCI ACWI UCITS ETF) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while SPYY.DE is a Global Equities fund tracking the MSCI All Country World (ACWI). Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 12.40%/yr for SPYY.DE. At a 0.46 correlation, their price movements are largely independent. ZPRP.DE charges 0.30%/yr vs 0.40%/yr for SPYY.DE.
Performance
ZPRP.DE vs. SPYY.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 SPYY.DE's 12.54% return. Over the past 10 years, ZPRP.DE has underperformed SPYY.DE with an annualized return of 0.99%, while SPYY.DE has yielded a comparatively higher 12.40% 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%
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
ZPRP.DE vs. SPYY.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% |
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
Correlation
The correlation between ZPRP.DE and SPYY.DE is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.44 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.44 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.46 |
The correlation between ZPRP.DE and SPYY.DE shifts across timeframes, from 0.34 (3 years) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRP.DE vs. SPYY.DE — Risk / Return Rank
ZPRP.DE
SPYY.DE
ZPRP.DE vs. SPYY.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 MSCI ACWI UCITS ETF (SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.47 | ||
| Sortino ratioReturn per unit of downside risk | -3.35 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.44 | -0.45 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 4.10 | -4.25 |
| Martin ratioReturn relative to average drawdown | -0.41 | 16.60 | -17.01 |
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 | SPYY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.32 | -2.47 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.88 | -1.07 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.82 | -0.77 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.83 | -0.75 |
Drawdowns
ZPRP.DE vs. SPYY.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than SPYY.DE's maximum drawdown of -33.49%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and SPYY.DE.
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Drawdown Indicators
| ZPRP.DE | SPYY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -33.49% | -15.20% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -6.49% | -8.80% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -21.27% | +1.47% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -21.27% | -27.42% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -33.49% | -15.20% |
Current DrawdownCurrent decline from peak | -26.29% | -0.61% | -25.68% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -4.39% | -12.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 1.61% | +4.14% |
Volatility
ZPRP.DE vs. SPYY.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 MSCI ACWI UCITS ETF (SPYY.DE) at 3.05%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than SPYY.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 | SPYY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 3.05% | +2.29% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 8.21% | +4.79% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 11.47% | +3.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 13.90% | +8.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 15.07% | +4.70% |
ZPRP.DE vs. SPYY.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than SPYY.DE's 0.40% expense ratio.
Dividends
ZPRP.DE vs. SPYY.DE - Dividend Comparison
Neither ZPRP.DE nor SPYY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and SPYY.DE have a correlation of 0.35, 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 SPYY.DE.
ZPRP.DE is categorized as REIT, while SPYY.DE is Global Equities. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while SPYY.DE tracks MSCI All Country World (ACWI). Their fees differ too: 0.30% for ZPRP.DE and 0.40% for SPYY.DE.
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