ZPRW.DE vs. CEMS.DE
Compare and contrast key facts about SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE).
ZPRW.DE and CEMS.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRW.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Value Exposure Select. It was launched on Feb 18, 2015. CEMS.DE is a passively managed fund by iShares that tracks the performance of the MSCI Europe Enhanced Value. It was launched on Jan 16, 2015. Both ZPRW.DE and CEMS.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZPRW.DE or CEMS.DE.
Key characteristics
| ZPRW.DE | CEMS.DE | |
|---|---|---|
| YTD Return | 7.52% | 7.97% |
| 1Y Return | 13.89% | 14.59% |
| 3Y Return (Ann) | 5.75% | 5.93% |
| 5Y Return (Ann) | 7.15% | 6.89% |
| Sharpe Ratio | 1.16 | 1.20 |
| Sortino Ratio | 1.59 | 1.63 |
| Omega Ratio | 1.21 | 1.21 |
| Calmar Ratio | 1.65 | 1.54 |
| Martin Ratio | 6.27 | 5.55 |
| Ulcer Index | 2.02% | 2.37% |
| Daily Std Dev | 10.96% | 11.03% |
| Max Drawdown | -39.54% | -40.20% |
| Current Drawdown | -3.14% | -4.35% |
Correlation
The correlation between ZPRW.DE and CEMS.DE is 0.99, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZPRW.DE vs. CEMS.DE - Performance Comparison
In the year-to-date period, ZPRW.DE achieves a 7.52% return, which is significantly lower than CEMS.DE's 7.97% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZPRW.DE vs. CEMS.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than CEMS.DE's 0.25% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Risk-Adjusted Performance
ZPRW.DE vs. CEMS.DE - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.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.
Dividends
ZPRW.DE vs. CEMS.DE - Dividend Comparison
Neither ZPRW.DE nor CEMS.DE has paid dividends to shareholders.
Drawdowns
ZPRW.DE vs. CEMS.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, roughly equal to the maximum CEMS.DE drawdown of -40.20%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and CEMS.DE. For additional features, visit the drawdowns tool.
Volatility
ZPRW.DE vs. CEMS.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and iShares Edge MSCI Europe Value Factor UCITS ETF (CEMS.DE) have volatilities of 4.57% and 4.50%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.