ZPRP.DE vs. XREA.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and XREA.DE (Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF) are both REIT funds - ZPRP.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK while XREA.DE tracks the FTSE EPRA/NAREIT Developed Europe ex UK Capped. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 1.57%/yr for XREA.DE. With a 0.98 correlation, they move nearly in lockstep. ZPRP.DE charges 0.30%/yr vs 0.33%/yr for XREA.DE.
Performance
ZPRP.DE vs. XREA.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 higher than XREA.DE's -0.91% return. Over the past 10 years, ZPRP.DE has underperformed XREA.DE with an annualized return of 0.99%, while XREA.DE has yielded a comparatively higher 1.57% 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%
XREA.DE
- 1D
- 0.48%
- 1M
- -1.70%
- YTD
- -0.91%
- 6M
- 0.16%
- 1Y
- -1.65%
- 3Y*
- 9.96%
- 5Y*
- -3.70%
- 10Y*
- 1.57%
ZPRP.DE vs. XREA.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% |
XREA.DE Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF | -0.91% | 8.31% | -2.14% | 17.83% | -34.64% | 12.36% | -7.76% | 26.96% | -4.17% | 15.53% |
Correlation
The correlation between ZPRP.DE and XREA.DE is 0.96 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.96 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.98 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.98 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.98 |
The correlation between ZPRP.DE and XREA.DE has been stable across timeframes, ranging from 0.96 to 0.98 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. XREA.DE — Risk / Return Rank
ZPRP.DE
XREA.DE
ZPRP.DE vs. XREA.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 Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.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 | XREA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.06 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 0.99 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | -0.11 | -0.04 |
| Martin ratioReturn relative to average drawdown | -0.41 | -0.29 | -0.11 |
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 | XREA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | -0.11 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | -0.17 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.05 | 0.08 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.08 | 0.20 | -0.12 |
Drawdowns
ZPRP.DE vs. XREA.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, roughly equal to the maximum XREA.DE drawdown of -47.51%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and XREA.DE.
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Drawdown Indicators
| ZPRP.DE | XREA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -47.51% | -1.18% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -15.08% | -0.21% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -19.28% | -0.52% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -47.51% | -1.18% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -47.51% | -1.18% |
Current DrawdownCurrent decline from peak | -26.29% | -24.16% | -2.13% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -15.55% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 5.61% | +0.14% |
Volatility
ZPRP.DE vs. XREA.DE - Volatility Comparison
SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF (ZPRP.DE) has a higher volatility of 5.34% compared to Xtrackers FTSE Developed Europe Ex UK Property UCITS ETF (XREA.DE) at 4.66%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than XREA.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 | XREA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.66% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 12.86% | +0.14% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 15.34% | -0.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 21.98% | +0.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 19.78% | -0.01% |
ZPRP.DE vs. XREA.DE - Expense Ratio Comparison
ZPRP.DE has a 0.30% expense ratio, which is lower than XREA.DE's 0.33% expense ratio.
Dividends
ZPRP.DE vs. XREA.DE - Dividend Comparison
Neither ZPRP.DE nor XREA.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.96, ZPRP.DE and XREA.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
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 0.33% for XREA.DE.
ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while XREA.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK Capped. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for ZPRP.DE and 0.33% for XREA.DE.
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