ZPRW.DE vs. EIMI.L
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and EIMI.L (iShares Core MSCI EM IMI UCITS ETF) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while EIMI.L is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market Index. Both are passively managed. Over the past 10 years, ZPRW.DE returned 12.21%/yr vs 10.43%/yr for EIMI.L. A 0.61 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.18%/yr for EIMI.L.
Performance
ZPRW.DE vs. EIMI.L - Performance Comparison
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Different Trading Currencies
ZPRW.DE is traded in EUR, while EIMI.L is traded in USD. To make them comparable, the EIMI.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.02% return, which is significantly lower than EIMI.L's 27.08% return. Over the past 10 years, ZPRW.DE has outperformed EIMI.L with an annualized return of 12.21%, while EIMI.L has yielded a comparatively lower 10.43% annualized return.
ZPRW.DE
- 1D
- 1.24%
- 1M
- 0.39%
- YTD
- 14.02%
- 6M
- 15.02%
- 1Y
- 35.17%
- 3Y*
- 21.69%
- 5Y*
- 14.45%
- 10Y*
- 12.21%
EIMI.L
- 1D
- 0.64%
- 1M
- 2.23%
- YTD
- 27.08%
- 6M
- 28.25%
- 1Y
- 45.63%
- 3Y*
- 20.91%
- 5Y*
- 8.49%
- 10Y*
- 10.43%
ZPRW.DE vs. EIMI.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.02% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | -7.65% | 23.75% | -14.98% | 10.96% |
EIMI.L iShares Core MSCI EM IMI UCITS ETF | 27.08% | 16.48% | 14.45% | 7.70% | -14.70% | 6.78% | 9.01% | 19.00% | -10.15% | 20.11% |
Correlation
The correlation between ZPRW.DE and EIMI.L is 0.50, 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 | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.61 |
The correlation between ZPRW.DE and EIMI.L shifts across timeframes, from 0.50 (1 year) to 0.61 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. EIMI.L — Risk / Return Rank
ZPRW.DE
EIMI.L
ZPRW.DE vs. EIMI.L - 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 Core MSCI EM IMI UCITS ETF (EIMI.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRW.DE | EIMI.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.29 | ||
| Sortino ratioReturn per unit of downside risk | +0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.43 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 4.24 | -0.46 |
| Martin ratioReturn relative to average drawdown | 14.06 | 14.47 | -0.41 |
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Drawdowns
ZPRW.DE vs. EIMI.L - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, which is greater than EIMI.L's maximum drawdown of -34.88%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and EIMI.L.
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Drawdown Indicators
| ZPRW.DE | EIMI.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -34.88% | -4.64% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.72% | +1.45% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -18.31% | +1.28% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -22.33% | +3.92% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -32.18% | -7.34% |
Current DrawdownCurrent decline from peak | 0.00% | -3.84% | +3.84% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -9.23% | +2.22% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.14% | -0.65% |
Volatility
ZPRW.DE vs. EIMI.L - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 3.41%, while iShares Core MSCI EM IMI UCITS ETF (EIMI.L) has a volatility of 8.78%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than EIMI.L 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 | EIMI.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 8.78% | -5.37% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 17.55% | -6.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 19.82% | -6.25% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 17.25% | -2.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 18.60% | -1.77% |
ZPRW.DE vs. EIMI.L - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than EIMI.L's 0.18% 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. EIMI.L - Dividend Comparison
Neither ZPRW.DE nor EIMI.L has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and EIMI.L have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EIMI.L is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EIMI.L is cheaper with a 0.18% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE is categorized as Europe Equities, while EIMI.L is Emerging Markets Equities. ZPRW.DE tracks MSCI Europe Value Exposure Select, while EIMI.L tracks MSCI Emerging Markets Investable Market Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRW.DE and 0.18% for EIMI.L.
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