ZPRW.DE vs. EUPA.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and EUPA.DE (Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD)) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while EUPA.DE tracks the Shiller Barclays CAPE® Global Sector. Both are passively managed. Over the past 3 years, ZPRW.DE returned 20.72%/yr vs 17.95%/yr for EUPA.DE. A 0.66 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.65%/yr for EUPA.DE.
Performance
ZPRW.DE vs. EUPA.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 EUPA.DE's 8.36% 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%
EUPA.DE
- 1D
- 0.63%
- 1M
- 0.54%
- YTD
- 8.36%
- 6M
- 9.94%
- 1Y
- 17.10%
- 3Y*
- 17.95%
- 5Y*
- —
- 10Y*
- —
ZPRW.DE vs. EUPA.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 4.29% |
EUPA.DE Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) | 8.36% | 18.38% | 13.54% | 11.13% |
Correlation
The correlation between ZPRW.DE and EUPA.DE is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 24, 2023 | 0.66 |
The correlation between ZPRW.DE and EUPA.DE has been stable across timeframes, ranging from 0.64 to 0.67 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. EUPA.DE — Risk / Return Rank
ZPRW.DE
EUPA.DE
ZPRW.DE vs. EUPA.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 Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.71 | ||
| Sortino ratioReturn per unit of downside risk | +0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.28 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 2.02 | +1.31 |
| Martin ratioReturn relative to average drawdown | 12.39 | 7.49 | +4.90 |
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 | EUPA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.57 | +0.71 |
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 | 1.30 | -0.85 |
Drawdowns
ZPRW.DE vs. EUPA.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than EUPA.DE's maximum drawdown of -10.28%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and EUPA.DE.
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Drawdown Indicators
| ZPRW.DE | EUPA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -10.28% | -29.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -8.44% | -0.83% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -10.28% | -6.76% |
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% | -2.77% | +1.02% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -1.91% | -5.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.28% | +0.22% |
Volatility
ZPRW.DE vs. EUPA.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to Ossiam Shiller Barclays CAPE® Global Sector Value UCITS ETF (USD) (EUPA.DE) at 3.63%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than EUPA.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 | EUPA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.63% | +0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 9.03% | +1.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 10.84% | +2.69% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 12.40% | +2.49% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 12.40% | +5.14% |
ZPRW.DE vs. EUPA.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than EUPA.DE's 0.65% expense ratio.
Dividends
ZPRW.DE vs. EUPA.DE - Dividend Comparison
Neither ZPRW.DE nor EUPA.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and EUPA.DE have a correlation of 0.64, 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 0.65% for EUPA.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while EUPA.DE tracks Shiller Barclays CAPE® Global Sector. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.20% for ZPRW.DE and 0.65% for EUPA.DE.
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