ZPRP.DE vs. ZPRX.DE
ZPRP.DE (SPDR FTSE EPRA Europe ex UK Real Estate UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPRP.DE is a REIT fund tracking the FTSE EPRA/NAREIT Developed Europe ex UK, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPRP.DE returned 0.99%/yr vs 8.15%/yr for ZPRX.DE. A 0.58 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ZPRP.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, ZPRP.DE has underperformed ZPRX.DE with an annualized return of 0.99%, while ZPRX.DE has yielded a comparatively higher 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPRP.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPRP.DE and ZPRX.DE is 0.55, 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 | 0.55 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Aug 12, 2015 | 0.58 |
The correlation between ZPRP.DE and ZPRX.DE has been stable across timeframes, ranging from 0.55 to 0.63 - a consistent structural relationship.
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Return for Risk
ZPRP.DE vs. ZPRX.DE — Risk / Return Rank
ZPRP.DE
ZPRX.DE
ZPRP.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.38 | ||
| Sortino ratioReturn per unit of downside risk | -1.92 | ||
| Omega ratioGain probability vs. loss probability | 0.99 | 1.22 | -0.24 |
| Calmar ratioReturn relative to maximum drawdown | -0.15 | 1.47 | -1.62 |
| Martin ratioReturn relative to average drawdown | -0.41 | 5.42 | -5.83 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 1.23 | -1.38 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.19 | 0.46 | -0.65 |
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 | 0.39 | -0.32 |
Drawdowns
ZPRP.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPRP.DE drawdown since its inception was -48.69%, which is greater than ZPRX.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPRP.DE and ZPRX.DE.
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Drawdown Indicators
| ZPRP.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.69% | -43.93% | -4.76% |
Max Drawdown (1Y)Largest decline over 1 year | -15.29% | -11.63% | -3.66% |
Max Drawdown (3Y)Largest decline over 3 years | -19.80% | -15.95% | -3.85% |
Max Drawdown (5Y)Largest decline over 5 years | -48.69% | -27.52% | -21.17% |
Max Drawdown (10Y)Largest decline over 10 years | -48.69% | -43.93% | -4.76% |
Current DrawdownCurrent decline from peak | -26.29% | -1.51% | -24.78% |
Average DrawdownAverage peak-to-trough decline | -16.81% | -7.71% | -9.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.75% | 3.16% | +2.59% |
Volatility
ZPRP.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that ZPRP.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.34% | 4.17% | +1.17% |
Volatility (6M)Calculated over the trailing 6-month period | 13.00% | 11.30% | +1.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.30% | 13.94% | +1.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.12% | 16.69% | +5.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.77% | 18.14% | +1.63% |
ZPRP.DE vs. ZPRX.DE - Expense Ratio Comparison
Both ZPRP.DE and ZPRX.DE have an expense ratio of 0.30%.
Dividends
ZPRP.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPRP.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRP.DE and ZPRX.DE have a correlation of 0.55, 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 ZPRX.DE have the same expense ratio: 0.30% per year.
ZPRP.DE is categorized as REIT, while ZPRX.DE is Europe Equities. ZPRP.DE tracks FTSE EPRA/NAREIT Developed Europe ex UK, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted.
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