ZPRW.DE vs. EDM4.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and EDM4.DE (iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while EDM4.DE tracks the MSCI EMU ESG Enhanced Focus. Both are passively managed. Over the past 5 years, ZPRW.DE returned 13.99%/yr vs 9.91%/yr for EDM4.DE. A 0.78 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.12%/yr for EDM4.DE.
Performance
ZPRW.DE vs. EDM4.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 EDM4.DE's 8.82% 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%
EDM4.DE
- 1D
- 0.51%
- 1M
- 5.16%
- YTD
- 8.82%
- 6M
- 10.72%
- 1Y
- 17.48%
- 3Y*
- 15.37%
- 5Y*
- 9.91%
- 10Y*
- —
ZPRW.DE vs. EDM4.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.65% | 6.65% |
EDM4.DE iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc | 8.82% | 22.13% | 9.89% | 18.31% | -12.80% | 22.20% | 1.30% | 8.96% |
Correlation
The correlation between ZPRW.DE and EDM4.DE is 0.86, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.86 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2019 | 0.78 |
The correlation between ZPRW.DE and EDM4.DE has been stable across timeframes, ranging from 0.78 to 0.87 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. EDM4.DE — Risk / Return Rank
ZPRW.DE
EDM4.DE
ZPRW.DE vs. EDM4.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 MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.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 | EDM4.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.11 | ||
| Sortino ratioReturn per unit of downside risk | +1.39 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.22 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.61 | +1.72 |
| Martin ratioReturn relative to average drawdown | 12.39 | 5.81 | +6.58 |
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 | EDM4.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.17 | +1.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.60 | +0.33 |
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 | 0.57 | -0.12 |
Drawdowns
ZPRW.DE vs. EDM4.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than EDM4.DE's maximum drawdown of -35.27%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and EDM4.DE.
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Drawdown Indicators
| ZPRW.DE | EDM4.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -35.27% | -4.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.78% | +1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -15.08% | -1.96% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -25.24% | +6.83% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.39% | -1.36% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -5.64% | -1.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.00% | -0.50% |
Volatility
ZPRW.DE vs. EDM4.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 4.40%, while iShares MSCI EMU ESG Enhanced UCITS ETF EUR Acc (EDM4.DE) has a volatility of 4.75%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than EDM4.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 | EDM4.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.75% | -0.35% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 12.28% | -1.44% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 14.93% | -1.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 16.32% | -1.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 18.07% | -0.53% |
ZPRW.DE vs. EDM4.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than EDM4.DE's 0.12% expense ratio. However, 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. EDM4.DE - Dividend Comparison
Neither ZPRW.DE nor EDM4.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and EDM4.DE have a correlation of 0.86, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EDM4.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EDM4.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while EDM4.DE tracks MSCI EMU ESG Enhanced Focus. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRW.DE and 0.12% for EDM4.DE.
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