ZPRW.DE vs. PRAZ.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and PRAZ.DE (Amundi Prime Eurozone UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while PRAZ.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 10.92%/yr for PRAZ.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.05%/yr for PRAZ.DE.
Performance
ZPRW.DE vs. PRAZ.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 PRAZ.DE's 9.30% 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%
PRAZ.DE
- 1D
- 0.60%
- 1M
- 2.10%
- YTD
- 9.30%
- 6M
- 10.97%
- 1Y
- 18.30%
- 3Y*
- 16.37%
- 5Y*
- 10.92%
- 10Y*
- —
ZPRW.DE vs. PRAZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.93% |
PRAZ.DE Amundi Prime Eurozone UCITS ETF | 9.30% | 24.75% | 9.66% | 19.29% | -11.83% | 26.38% | -4.68% |
Correlation
The correlation between ZPRW.DE and PRAZ.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.77 |
The correlation between ZPRW.DE and PRAZ.DE has been stable across timeframes, ranging from 0.77 to 0.84 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. PRAZ.DE — Risk / Return Rank
ZPRW.DE
PRAZ.DE
ZPRW.DE vs. PRAZ.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 (PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.03 | ||
| Sortino ratioReturn per unit of downside risk | +1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.23 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 1.78 | +1.55 |
| Martin ratioReturn relative to average drawdown | 12.39 | 6.54 | +5.85 |
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 | PRAZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 1.25 | +1.03 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.64 | +0.29 |
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 | 0.55 | -0.09 |
Drawdowns
ZPRW.DE vs. PRAZ.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than PRAZ.DE's maximum drawdown of -29.52%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and PRAZ.DE.
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Drawdown Indicators
| ZPRW.DE | PRAZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -29.52% | -10.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.45% | +1.18% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -15.46% | -1.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -24.09% | +5.68% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.37% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -6.18% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.86% | -0.36% |
Volatility
ZPRW.DE vs. PRAZ.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 4.40%, while Amundi Prime Eurozone UCITS ETF (PRAZ.DE) has a volatility of 4.69%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than PRAZ.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 | PRAZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 4.69% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 12.25% | -1.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 14.95% | -1.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 16.99% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 19.16% | -1.62% |
ZPRW.DE vs. PRAZ.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than PRAZ.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. PRAZ.DE - Dividend Comparison
Neither ZPRW.DE nor PRAZ.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and PRAZ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAZ.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAZ.DE is cheaper with a 0.05% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while PRAZ.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 PRAZ.DE.
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