ZPRW.DE vs. PR1Z.DE

Last updated Jun 5, 2026

ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and PR1Z.DE (Amundi Prime Eurozone UCITS ETF DR (D)) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while PR1Z.DE tracks the Solactive GBS Developed Markets Eurozone Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPRW.DE returned 13.99%/yr vs 10.86%/yr for PR1Z.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.05%/yr for PR1Z.DE.

Performance

ZPRW.DE vs. PR1Z.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRW.DE achieves a 11.85% return, which is significantly higher than PR1Z.DE's 9.20% 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%

PR1Z.DE

• 1D: 0.53%
• 1M: 2.15%
• YTD: 9.20%
• 6M: 10.94%
• 1Y: 18.70%
• 3Y*: 16.35%
• 5Y*: 10.86%
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRW.DE vs. PR1Z.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%	15.77%
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D)	9.20%	24.78%	9.45%	19.43%	-12.46%	27.38%	-4.61%	22.45%

Correlation

The correlation between ZPRW.DE and PR1Z.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 Jan 31, 2019	0.77

The correlation between ZPRW.DE and PR1Z.DE shifts across timeframes, from 0.77 (all time) to 0.87 (5 years), reflecting how their relationship changes across market environments.

Return for Risk

ZPRW.DE vs. PR1Z.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRW.DE

ZPRW.DE Risk / Return Rank: 69
ZPRW.DE Sharpe Ratio Rank: 71
ZPRW.DE Sortino Ratio Rank: 71
ZPRW.DE Omega Ratio Rank: 70
ZPRW.DE Calmar Ratio Rank: 68
ZPRW.DE Martin Ratio Rank: 68

PR1Z.DE

PR1Z.DE Risk / Return Rank: 39
PR1Z.DE Sharpe Ratio Rank: 37
PR1Z.DE Sortino Ratio Rank: 39
PR1Z.DE Omega Ratio Rank: 38
PR1Z.DE Calmar Ratio Rank: 38
PR1Z.DE Martin Ratio Rank: 43

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRW.DE vs. PR1Z.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 Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.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	PR1Z.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.28	1.30	+0.98
Sortino ratio: Return per unit of downside risk	3.16	1.97	+1.19
Omega ratio: Gain probability vs. loss probability	1.41	1.24	+0.17
Calmar ratio: Return relative to maximum drawdown	3.33	1.84	+1.49
Martin ratio: Return relative to average drawdown	12.39	6.79	+5.60
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRW.DE vs. PR1Z.DE - Sharpe Ratio Comparison

The current ZPRW.DE Sharpe Ratio is 2.28, which is higher than the PR1Z.DE Sharpe Ratio of 1.30. The chart below compares the historical Sharpe Ratios of ZPRW.DE and PR1Z.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPRW.DE	PR1Z.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.28	1.30	+0.98
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	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.45	0.65	-0.19

Drawdowns

ZPRW.DE vs. PR1Z.DE - Drawdown Comparison

The maximum ZPRW.DE drawdown since its inception was -39.54%, roughly equal to the maximum PR1Z.DE drawdown of -39.52%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and PR1Z.DE.

Drawdown Indicators

	ZPRW.DE	PR1Z.DE	Difference
Max Drawdown Largest peak-to-trough decline	-39.54%	-39.52%	-0.02%
Max Drawdown (1Y) Largest decline over 1 year	-9.27%	-10.29%	+1.02%
Max Drawdown (3Y) Largest decline over 3 years	-17.04%	-15.66%	-1.38%
Max Drawdown (5Y) Largest decline over 5 years	-18.41%	-24.19%	+5.78%
Max Drawdown (10Y) Largest decline over 10 years	-39.54%	—	—
Current Drawdown Current decline from peak	-1.75%	-0.41%	-1.34%
Average Drawdown Average peak-to-trough decline	-6.92%	-5.61%	-1.31%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.50%	2.79%	-0.29%

Volatility

ZPRW.DE vs. PR1Z.DE - Volatility Comparison

SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Amundi Prime Eurozone UCITS ETF DR (D) (PR1Z.DE) have volatilities of 4.40% and 4.59%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRW.DE	PR1Z.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.40%	4.59%	-0.19%
Volatility (6M) Calculated over the trailing 6-month period	10.84%	11.98%	-1.14%
Volatility (1Y) Calculated over the trailing 1-year period	13.53%	14.52%	-0.99%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	14.89%	16.26%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.54%	18.63%	-1.09%

ZPRW.DE vs. PR1Z.DE - Expense Ratio Comparison

ZPRW.DE has a 0.20% expense ratio, which is higher than PR1Z.DE's 0.05% 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. PR1Z.DE - Dividend Comparison

ZPRW.DE has not paid dividends to shareholders, while PR1Z.DE's dividend yield for the trailing twelve months is around 2.31%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
PR1Z.DE Amundi Prime Eurozone UCITS ETF DR (D)	2.31%	2.53%	2.77%	2.80%	3.09%	1.83%	2.11%	2.60%
ZPRW.DE SPDR MSCI Europe Value UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZPRW.DE and PR1Z.DE in my portfolio?

ZPRW.DE and PR1Z.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.

Which ETF is better, ZPRW.DE or PR1Z.DE?

On fees, PR1Z.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRW.DE or PR1Z.DE?

PR1Z.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for ZPRW.DE.

What is the main difference between ZPRW.DE and PR1Z.DE?

ZPRW.DE tracks MSCI Europe Value Exposure Select, while PR1Z.DE tracks Solactive GBS Developed Markets Eurozone Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.20% for ZPRW.DE and 0.05% for PR1Z.DE.