ZPRW.DE vs. CEMT.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and CEMT.DE (iShares Edge MSCI Europe Size Factor UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while CEMT.DE tracks the MSCI Europe Mid Cap Equal Weighted. Both are passively managed. Over the past 10 years, ZPRW.DE returned 10.74%/yr vs 6.44%/yr for CEMT.DE. A 0.74 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.25%/yr for CEMT.DE.
Performance
ZPRW.DE vs. CEMT.DE - Performance Comparison
Loading charts...
Returns By Period
Over the past 10 years, ZPRW.DE has outperformed CEMT.DE with an annualized return of 10.74%, while CEMT.DE has yielded a comparatively lower 6.44% 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%
CEMT.DE
- 1D
- 0.00%
- 1M
- 0.00%
- YTD
- 0.00%
- 6M
- 0.00%
- 1Y
- 4.36%
- 3Y*
- 9.41%
- 5Y*
- 4.08%
- 10Y*
- 6.44%
ZPRW.DE vs. CEMT.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% |
CEMT.DE iShares Edge MSCI Europe Size Factor UCITS ETF | 0.00% | 17.53% | 5.08% | 14.19% | -18.24% | 19.63% | 1.61% | 28.81% | -13.99% | 13.62% |
Correlation
The correlation between ZPRW.DE and CEMT.DE is 0.46, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.46 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.74 |
Over the past year, the correlation between ZPRW.DE and CEMT.DE has dropped to 0.46 - well below their long-term average of 0.74, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRW.DE vs. CEMT.DE — Risk / Return Rank
ZPRW.DE
CEMT.DE
ZPRW.DE vs. CEMT.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 iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.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 | CEMT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.51 | ||
| Sortino ratioReturn per unit of downside risk | +2.09 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.10 | +2.23 |
| Martin ratioReturn relative to average drawdown | 12.39 | 4.03 | +8.36 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRW.DE | CEMT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.77 | +1.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.28 | +0.65 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.40 | +0.21 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.37 | +0.08 |
Drawdowns
ZPRW.DE vs. CEMT.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, roughly equal to the maximum CEMT.DE drawdown of -37.66%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and CEMT.DE.
Loading charts...
Drawdown Indicators
| ZPRW.DE | CEMT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -37.66% | -1.88% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -4.26% | -5.01% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -14.36% | -2.68% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -29.23% | +10.82% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | -37.66% | -1.88% |
Current DrawdownCurrent decline from peak | -1.75% | -0.39% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -7.08% | +0.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.16% | +1.34% |
Volatility
ZPRW.DE vs. CEMT.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to iShares Edge MSCI Europe Size Factor UCITS ETF (CEMT.DE) at 0.00%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than CEMT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRW.DE | CEMT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 0.00% | +4.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 0.00% | +10.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 6.11% | +7.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.61% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 16.11% | +1.43% |
ZPRW.DE vs. CEMT.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than CEMT.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%.
Dividends
ZPRW.DE vs. CEMT.DE - Dividend Comparison
Neither ZPRW.DE nor CEMT.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and CEMT.DE have a correlation of 0.46, 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 0.25% for CEMT.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while CEMT.DE tracks MSCI Europe Mid Cap Equal Weighted. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRW.DE and 0.25% for CEMT.DE.
Find the right allocation for ZPRW.DE and CEMT.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer