ZPRW.DE vs. MVEE.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, ZPRW.DE returned 14.45%/yr vs 6.17%/yr for MVEE.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.25%/yr for MVEE.DE.
Performance
ZPRW.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.02% return, which is significantly higher than MVEE.DE's 8.14% 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%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
ZPRW.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.02% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | 28.80% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between ZPRW.DE and MVEE.DE is 0.61, 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 | 0.61 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.73 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.77 |
The correlation between ZPRW.DE and MVEE.DE shifts across timeframes, from 0.61 (1 year) to 0.77 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. MVEE.DE — Risk / Return Rank
ZPRW.DE
MVEE.DE
ZPRW.DE vs. MVEE.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 ESG UCITS ETF (Acc) (MVEE.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.
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 | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.40 | ||
| Sortino ratioReturn per unit of downside risk | +1.84 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.22 | +0.25 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 1.58 | +2.20 |
| Martin ratioReturn relative to average drawdown | 14.06 | 5.45 | +8.61 |
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Drawdowns
ZPRW.DE vs. MVEE.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and MVEE.DE.
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Drawdown Indicators
| ZPRW.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -20.19% | -19.33% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -7.40% | -1.87% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -12.19% | -4.84% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -20.19% | +1.78% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -4.50% | -2.51% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 2.15% | +0.34% |
Volatility
ZPRW.DE vs. MVEE.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 3.41% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.19% | +1.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 8.16% | +2.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 9.93% | +3.64% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 12.08% | +2.82% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 12.47% | +4.36% |
ZPRW.DE vs. MVEE.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than MVEE.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. MVEE.DE - Dividend Comparison
Neither ZPRW.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and MVEE.DE have a correlation of 0.61, 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 MVEE.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.20% for ZPRW.DE and 0.25% for MVEE.DE.
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