ZPRW.DE vs. ED3F.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and ED3F.DE (Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while ED3F.DE is a Aerospace & Defense fund tracking the Mirae Asset Europe Defence Tech Index. Both are passively managed. Over the past year, ZPRW.DE returned 31.00% vs -1.88% for ED3F.DE. At a 0.22 correlation, their price movements are largely independent. ZPRW.DE charges 0.20%/yr vs 0.40%/yr for ED3F.DE.
Performance
ZPRW.DE vs. ED3F.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 ED3F.DE's 0.02% 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%
ED3F.DE
- 1D
- -0.42%
- 1M
- -8.21%
- YTD
- 0.02%
- 6M
- 4.46%
- 1Y
- -1.88%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRW.DE vs. ED3F.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 17.57% |
ED3F.DE Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating | 0.02% | 4.82% |
Correlation
The correlation between ZPRW.DE and ED3F.DE is 0.22, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.22 |
Correlation (All Time) Calculated using the full available price history since May 23, 2025 | 0.22 |
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Return for Risk
ZPRW.DE vs. ED3F.DE — Risk / Return Rank
ZPRW.DE
ED3F.DE
ZPRW.DE vs. ED3F.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 Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.34 | ||
| Sortino ratioReturn per unit of downside risk | +3.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.01 | +0.39 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | -0.08 | +3.41 |
| Martin ratioReturn relative to average drawdown | 12.39 | -0.18 | +12.57 |
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 | ED3F.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | -0.06 | +2.34 |
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 | 0.15 | +0.30 |
Drawdowns
ZPRW.DE vs. ED3F.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than ED3F.DE's maximum drawdown of -23.91%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and ED3F.DE.
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Drawdown Indicators
| ZPRW.DE | ED3F.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -23.91% | -15.63% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -23.91% | +14.64% |
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% | -20.80% | +19.05% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -8.37% | +1.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 10.25% | -7.75% |
Volatility
ZPRW.DE vs. ED3F.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 4.40%, while Global X Europe Focused Defence Tech UCITS ETF EUR Accumulating (ED3F.DE) has a volatility of 10.58%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than ED3F.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 | ED3F.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 10.58% | -6.18% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 22.80% | -11.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 30.60% | -17.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 30.42% | -15.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 30.42% | -12.88% |
ZPRW.DE vs. ED3F.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than ED3F.DE's 0.40% expense ratio.
Dividends
ZPRW.DE vs. ED3F.DE - Dividend Comparison
Neither ZPRW.DE nor ED3F.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and ED3F.DE have a correlation of 0.22, 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 0.40% for ED3F.DE.
ZPRW.DE is categorized as Europe Equities, while ED3F.DE is Aerospace & Defense. ZPRW.DE tracks MSCI Europe Value Exposure Select, while ED3F.DE tracks Mirae Asset Europe Defence Tech Index. They also come from different issuers: State Street and Global X. Their fees differ too: 0.20% for ZPRW.DE and 0.40% for ED3F.DE.
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