ZPRW.DE vs. 5HEU.DE

Last updated Jun 5, 2026

ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and 5HEU.DE (Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while 5HEU.DE tracks the Ossiam ESG Shiller Barclays CAPE® Europe Sector. Both are passively managed. A 0.69 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.75%/yr for 5HEU.DE.

Performance

ZPRW.DE vs. 5HEU.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

ZPRW.DE

• 1D: 0.72%
• 1M: 1.75%
• YTD: 11.85%
• 6M: 15.17%
• 1Y: 30.32%
• 3Y*: 20.72%
• 5Y*: 13.99%
• 10Y*: 10.74%

5HEU.DE

• 1D: —
• 1M: —
• YTD: —
• 6M: —
• 1Y: —
• 3Y*: —
• 5Y*: —
• 10Y*: —

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

ZPRW.DE vs. 5HEU.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022
ZPRW.DE SPDR MSCI Europe Value UCITS ETF	11.85%	35.70%	8.86%	13.72%	-6.46%
5HEU.DE Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR)	0.00%	4.88%	-2.91%	6.26%	-6.49%

Correlation

The correlation between ZPRW.DE and 5HEU.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.39
Correlation (3Y) Calculated over the trailing 3-year period	0.65
Correlation (All Time) Calculated using the full available price history since Feb 1, 2022	0.69

Over the past year, the correlation between ZPRW.DE and 5HEU.DE has dropped to 0.39 - well below their long-term average of 0.69, suggesting their price drivers have been diverging.

Return for Risk

ZPRW.DE vs. 5HEU.DE — Risk / Return Rank

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

ZPRW.DE

ZPRW.DE Risk / Return Rank: 69
ZPRW.DE Sharpe Ratio Rank: 71
ZPRW.DE Sortino Ratio Rank: 71
ZPRW.DE Omega Ratio Rank: 70
ZPRW.DE Calmar Ratio Rank: 68
ZPRW.DE Martin Ratio Rank: 68

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.

ZPRW.DE vs. 5HEU.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 Ossiam ESG Shiller Barclays CAPE® Europe Sector UCITS ETF (EUR) (5HEU.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	5HEU.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	—	—
Sortino ratio: Return per unit of downside risk	3.16	—	—
Omega ratio: Gain probability vs. loss probability	1.41	—	—
Calmar ratio: Return relative to maximum drawdown	3.33	—	—
Martin ratio: Return relative to average drawdown	12.39	—	—
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

Sharpe Ratios by Period

	ZPRW.DE	5HEU.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	—	—
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.93	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.61	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	—	—

Drawdowns

Drawdown Indicators

	ZPRW.DE	5HEU.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.54%	—	—
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	—	—
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	—	—
Max Drawdown (5Y) Largest decline over 5 years	-18.41%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-39.54%	—	—
Current Drawdown Current decline from peak	-1.75%	—	—
Average Drawdown Average peak-to-trough decline	-6.92%	—	—
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	—	—

Volatility

Volatility by Period

	ZPRW.DE	5HEU.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	—	—
Volatility (6M) Calculated over the trailing 6-month period	10.84%	—	—
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	—	—
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	—	—
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	—	—

ZPRW.DE vs. 5HEU.DE - Expense Ratio Comparison

ZPRW.DE has a 0.20% expense ratio, which is lower than 5HEU.DE's 0.75% expense ratio.

Dividends

ZPRW.DE vs. 5HEU.DE - Dividend Comparison

Neither ZPRW.DE nor 5HEU.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both ZPRW.DE and 5HEU.DE in my portfolio?

ZPRW.DE and 5HEU.DE have a correlation of 0.39, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRW.DE or 5HEU.DE?

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.

Which ETF is cheaper, ZPRW.DE or 5HEU.DE?

ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.75% for 5HEU.DE.

What is the main difference between ZPRW.DE and 5HEU.DE?

ZPRW.DE tracks MSCI Europe Value Exposure Select, while 5HEU.DE tracks Ossiam ESG Shiller Barclays CAPE® Europe Sector. They also come from different issuers: State Street and Natixis. Their fees differ too: 0.20% for ZPRW.DE and 0.75% for 5HEU.DE.