ZPRU.DE vs. SPYW.DE

Last updated Jun 5, 2026

ZPRU.DE (SPDR MSCI USA Value Weighted UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPRU.DE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted, 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, ZPRU.DE returned 12.66%/yr vs 6.79%/yr for SPYW.DE. A 0.61 correlation means they provide meaningful diversification when combined. ZPRU.DE charges 0.20%/yr vs 0.30%/yr for SPYW.DE.

Performance

ZPRU.DE vs. SPYW.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI USA Value Weighted UCITS ETF (ZPRU.DE) and SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRU.DE achieves a 31.29% return, which is significantly higher than SPYW.DE's 5.36% return. Over the past 10 years, ZPRU.DE has outperformed SPYW.DE with an annualized return of 12.66%, while SPYW.DE has yielded a comparatively lower 6.79% annualized return.

ZPRU.DE

• 1D: -0.45%
• 1M: 15.12%
• YTD: 31.29%
• 6M: 34.63%
• 1Y: 61.75%
• 3Y*: 23.27%
• 5Y*: 13.54%
• 10Y*: 12.66%

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRU.DE vs. SPYW.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZPRU.DE SPDR MSCI USA Value Weighted UCITS ETF	31.29%	14.79%	11.05%	12.04%	-10.28%	41.60%	-7.63%	29.86%	-8.25%	4.25%
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 ZPRU.DE and SPYW.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.41
Correlation (3Y) Calculated over the trailing 3-year period	0.42
Correlation (5Y) Calculated over the trailing 5-year period	0.53
Correlation (10Y) Calculated over the trailing 10-year period	0.59
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015	0.61

Over the past year, the correlation between ZPRU.DE and SPYW.DE has dropped to 0.41 - well below their long-term average of 0.61, suggesting their price drivers have been diverging.

Return for Risk

ZPRU.DE vs. SPYW.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRU.DE

ZPRU.DE Risk / Return Rank: 96
ZPRU.DE Sharpe Ratio Rank: 96
ZPRU.DE Sortino Ratio Rank: 96
ZPRU.DE Omega Ratio Rank: 95
ZPRU.DE Calmar Ratio Rank: 97
ZPRU.DE Martin Ratio Rank: 97

SPYW.DE

SPYW.DE Risk / Return Rank: 22
SPYW.DE Sharpe Ratio Rank: 22
SPYW.DE Sortino Ratio Rank: 21
SPYW.DE Omega Ratio Rank: 22
SPYW.DE Calmar Ratio Rank: 22
SPYW.DE Martin Ratio Rank: 24

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRU.DE vs. SPYW.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Value Weighted UCITS ETF (ZPRU.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.

	ZPRU.DE	SPYW.DE	Difference
Sharpe ratio: Return per unit of total volatility	4.27	0.74	+3.53
Sortino ratio: Return per unit of downside risk	5.71	1.07	+4.64
Omega ratio: Gain probability vs. loss probability	1.72	1.14	+0.58
Calmar ratio: Return relative to maximum drawdown	11.05	0.98	+10.07
Martin ratio: Return relative to average drawdown	40.19	3.14	+37.05
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRU.DE vs. SPYW.DE - Sharpe Ratio Comparison

The current ZPRU.DE Sharpe Ratio is 4.27, which is higher than the SPYW.DE Sharpe Ratio of 0.74. The chart below compares the historical Sharpe Ratios of ZPRU.DE and SPYW.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPRU.DE	SPYW.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	4.27	0.74	+3.53
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.82	0.60	+0.22
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.70	0.45	+0.25
Sharpe Ratio (All Time) Calculated using the full available price history	0.60	0.53	+0.07

Drawdowns

ZPRU.DE vs. SPYW.DE - Drawdown Comparison

The maximum ZPRU.DE drawdown since its inception was -39.69%, roughly equal to the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPRU.DE and SPYW.DE.

Drawdown Indicators

	ZPRU.DE	SPYW.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.69%	-38.68%	-1.01%
Max Drawdown (1Y) Largest decline over 1 year	-5.56%	-7.99%	+2.43%
Max Drawdown (3Y) Largest decline over 3 years	-24.05%	-11.64%	-12.41%
Max Drawdown (5Y) Largest decline over 5 years	-24.05%	-23.97%	-0.08%
Max Drawdown (10Y) Largest decline over 10 years	-39.69%	-38.68%	-1.01%
Current Drawdown Current decline from peak	-0.54%	-2.54%	+2.00%
Average Drawdown Average peak-to-trough decline	-6.46%	-5.62%	-0.84%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.53%	2.50%	-0.97%

Volatility

ZPRU.DE vs. SPYW.DE - Volatility Comparison

SPDR MSCI USA Value Weighted UCITS ETF (ZPRU.DE) has a higher volatility of 5.53% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that ZPRU.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.

Volatility by Period

	ZPRU.DE	SPYW.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.53%	2.92%	+2.61%
Volatility (6M) Calculated over the trailing 6-month period	10.27%	8.76%	+1.51%
Volatility (1Y) Calculated over the trailing 1-year period	14.40%	10.65%	+3.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.39%	13.27%	+3.12%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.99%	14.88%	+3.11%

ZPRU.DE vs. SPYW.DE - Expense Ratio Comparison

ZPRU.DE has a 0.20% expense ratio, which is lower than SPYW.DE's 0.30% expense ratio.

Dividends

ZPRU.DE vs. SPYW.DE - Dividend Comparison

ZPRU.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%
ZPRU.DE SPDR MSCI USA Value Weighted 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

Can I hold both ZPRU.DE and SPYW.DE in my portfolio?

ZPRU.DE and SPYW.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRU.DE or SPYW.DE?

On fees, ZPRU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRU.DE or SPYW.DE?

ZPRU.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for SPYW.DE.

What is the main difference between ZPRU.DE and SPYW.DE?

ZPRU.DE is categorized as Large Cap Value Equities, while SPYW.DE is Europe Equities. ZPRU.DE tracks MSCI USA Value Weighted, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.20% for ZPRU.DE and 0.30% for SPYW.DE.