ZPRW.DE vs. ASWA.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and ASWA.DE (HANetf European Green Deal UCITS ETF Acc) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while ASWA.DE tracks the SGI European Green Deal ESG Screened. Both are passively managed. Over the past year, ZPRW.DE returned 31.00% vs 0.26% for ASWA.DE. A 0.68 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.60%/yr for ASWA.DE.
Performance
ZPRW.DE vs. ASWA.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 ASWA.DE's -10.58% 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%
ASWA.DE
- 1D
- -0.09%
- 1M
- 0.41%
- YTD
- -10.58%
- 6M
- -9.71%
- 1Y
- 0.26%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRW.DE vs. ASWA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 2.21% |
ASWA.DE HANetf European Green Deal UCITS ETF Acc | -10.58% | 26.07% | -11.37% | -2.40% |
Correlation
The correlation between ZPRW.DE and ASWA.DE is 0.51, 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 | 0.51 |
Correlation (All Time) Calculated using the full available price history since Jul 25, 2023 | 0.68 |
The correlation between ZPRW.DE and ASWA.DE shifts across timeframes, from 0.51 (1 year) to 0.68 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. ASWA.DE — Risk / Return Rank
ZPRW.DE
ASWA.DE
ZPRW.DE vs. ASWA.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 HANetf European Green Deal UCITS ETF Acc (ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.27 | ||
| Sortino ratioReturn per unit of downside risk | +2.94 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.06 | +0.35 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.01 | +3.32 |
| Martin ratioReturn relative to average drawdown | 12.39 | 0.03 | +12.37 |
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 | ASWA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.01 | +2.27 |
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 | -0.04 | +0.49 |
Drawdowns
ZPRW.DE vs. ASWA.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than ASWA.DE's maximum drawdown of -30.36%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and ASWA.DE.
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Drawdown Indicators
| ZPRW.DE | ASWA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -30.36% | -9.18% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -30.36% | +21.09% |
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 DrawdownCurrent decline from peak | -1.75% | -23.85% | +22.10% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -8.15% | +1.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 10.54% | -8.04% |
Volatility
ZPRW.DE vs. ASWA.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 4.40%, while HANetf European Green Deal UCITS ETF Acc (ASWA.DE) has a volatility of 7.52%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than ASWA.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 | ASWA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 7.52% | -3.12% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 37.06% | -26.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 33.68% | -20.15% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 24.72% | -9.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 24.72% | -7.18% |
ZPRW.DE vs. ASWA.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than ASWA.DE's 0.60% expense ratio.
Dividends
ZPRW.DE vs. ASWA.DE - Dividend Comparison
Neither ZPRW.DE nor ASWA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and ASWA.DE have a correlation of 0.51, 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 0.60% for ASWA.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while ASWA.DE tracks SGI European Green Deal ESG Screened. They also come from different issuers: State Street and HANetf. Their fees differ too: 0.20% for ZPRW.DE and 0.60% for ASWA.DE.
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