ZPRW.DE vs. 18M2.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, ZPRW.DE returned 10.74%/yr vs 8.26%/yr for 18M2.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.30%/yr for 18M2.DE.
Performance
ZPRW.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 11.85% return, which is significantly higher than 18M2.DE's 6.76% return. Over the past 10 years, ZPRW.DE has outperformed 18M2.DE with an annualized return of 10.74%, while 18M2.DE has yielded a comparatively lower 8.26% annualized return.
ZPRW.DE
- 1D
- 0.72%
- 1M
- 3.83%
- YTD
- 11.85%
- 6M
- 15.32%
- 1Y
- 31.00%
- 3Y*
- 20.72%
- 5Y*
- 13.99%
- 10Y*
- 10.74%
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPRW.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.65% | 23.73% | -14.98% | 10.96% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between ZPRW.DE and 18M2.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.76 |
The correlation between ZPRW.DE and 18M2.DE shifts across timeframes, from 0.73 (10 years) to 0.87 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. 18M2.DE — Risk / Return Rank
ZPRW.DE
18M2.DE
ZPRW.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ZPRW.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.79 | ||
| Sortino ratioReturn per unit of downside risk | +1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.55 | +0.78 |
| Martin ratioReturn relative to average drawdown | 12.39 | 6.71 | +5.68 |
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
| ZPRW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.49 | +0.79 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.66 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.44 | +0.01 |
Drawdowns
ZPRW.DE vs. 18M2.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than 18M2.DE's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and 18M2.DE.
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Drawdown Indicators
| ZPRW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -37.06% | -2.48% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -6.19% | -3.08% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -14.68% | -2.36% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -20.81% | +2.40% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | -37.06% | -2.48% |
Current DrawdownCurrent decline from peak | -1.75% | -1.44% | -0.31% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.42% | -0.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.36% | +0.14% |
Volatility
ZPRW.DE vs. 18M2.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRW.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 2.63% | +1.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 8.33% | +2.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 10.62% | +2.91% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 13.41% | +1.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 15.44% | +2.10% |
ZPRW.DE vs. 18M2.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than 18M2.DE's 0.30% expense ratio.
Dividends
ZPRW.DE vs. 18M2.DE - Dividend Comparison
Neither ZPRW.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and 18M2.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for 18M2.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.20% for ZPRW.DE and 0.30% for 18M2.DE.
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