ZPRW.DE vs. EUN0.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and EUN0.DE (iShares Edge MSCI Europe Minimum Volatility UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while EUN0.DE tracks the MSCI Europe Minimum Volatility. Both are passively managed. Over the past 10 years, ZPRW.DE returned 10.74%/yr vs 6.66%/yr for EUN0.DE. A 0.67 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.25%/yr for EUN0.DE.
Performance
ZPRW.DE vs. EUN0.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 EUN0.DE's 5.60% return. Over the past 10 years, ZPRW.DE has outperformed EUN0.DE with an annualized return of 10.74%, while EUN0.DE has yielded a comparatively lower 6.66% annualized return.
ZPRW.DE
- 1D
- 0.72%
- 1M
- 1.75%
- YTD
- 11.85%
- 6M
- 15.17%
- 1Y
- 30.32%
- 3Y*
- 20.72%
- 5Y*
- 13.99%
- 10Y*
- 10.74%
EUN0.DE
- 1D
- 0.54%
- 1M
- -0.19%
- YTD
- 5.60%
- 6M
- 7.10%
- 1Y
- 5.26%
- 3Y*
- 10.39%
- 5Y*
- 7.36%
- 10Y*
- 6.66%
ZPRW.DE vs. EUN0.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% |
EUN0.DE iShares Edge MSCI Europe Minimum Volatility UCITS ETF | 5.60% | 12.27% | 11.42% | 10.79% | -13.21% | 21.54% | -4.02% | 24.17% | -4.36% | 9.14% |
Correlation
The correlation between ZPRW.DE and EUN0.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.67 |
The correlation between ZPRW.DE and EUN0.DE shifts across timeframes, from 0.62 (10 years) to 0.73 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. EUN0.DE — Risk / Return Rank
ZPRW.DE
EUN0.DE
ZPRW.DE vs. EUN0.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 Minimum Volatility UCITS ETF (EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.66 | ||
| Sortino ratioReturn per unit of downside risk | +2.25 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.11 | +0.29 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 0.76 | +2.57 |
| Martin ratioReturn relative to average drawdown | 12.39 | 1.97 | +10.42 |
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 | EUN0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 0.62 | +1.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.66 | +0.27 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.53 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.63 | -0.18 |
Drawdowns
ZPRW.DE vs. EUN0.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than EUN0.DE's maximum drawdown of -30.68%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and EUN0.DE.
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Drawdown Indicators
| ZPRW.DE | EUN0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -30.68% | -8.86% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -7.16% | -2.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -10.73% | -6.31% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -19.64% | +1.23% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | -30.68% | -8.86% |
Current DrawdownCurrent decline from peak | -1.75% | -3.12% | +1.37% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -4.69% | -2.23% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.76% | -0.26% |
Volatility
ZPRW.DE vs. EUN0.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to iShares Edge MSCI Europe Minimum Volatility UCITS ETF (EUN0.DE) at 3.03%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than EUN0.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 | EUN0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.03% | +1.37% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 7.20% | +3.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 8.77% | +4.76% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 11.02% | +3.87% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 12.51% | +5.03% |
ZPRW.DE vs. EUN0.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than EUN0.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. EUN0.DE - Dividend Comparison
Neither ZPRW.DE nor EUN0.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and EUN0.DE have a correlation of 0.68, 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 EUN0.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while EUN0.DE tracks MSCI Europe Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRW.DE and 0.25% for EUN0.DE.
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