ZPRW.DE vs. QQQ
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and QQQ (Invesco QQQ ETF) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while QQQ is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ZPRW.DE returned 10.74%/yr vs 21.63%/yr for QQQ. At a 0.28 correlation, their price movements are largely independent. ZPRW.DE charges 0.20%/yr vs 0.18%/yr for QQQ.
Performance
ZPRW.DE vs. QQQ - Performance Comparison
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Different Trading Currencies
ZPRW.DE is traded in EUR, while QQQ is traded in USD. To make them comparable, the QQQ values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRW.DE achieves a 11.85% return, which is significantly lower than QQQ's 22.75% return. Over the past 10 years, ZPRW.DE has underperformed QQQ with an annualized return of 10.74%, while QQQ has yielded a comparatively higher 21.63% annualized 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%
QQQ
- 1D
- 0.00%
- 1M
- 9.98%
- YTD
- 22.75%
- 6M
- 20.16%
- 1Y
- 39.13%
- 3Y*
- 25.35%
- 5Y*
- 19.08%
- 10Y*
- 21.63%
ZPRW.DE vs. QQQ - 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% |
QQQ Invesco QQQ ETF | 22.09% | 6.44% | 33.87% | 50.21% | -28.40% | 36.95% | 36.37% | 42.10% | 4.56% | 16.36% |
Correlation
The correlation between ZPRW.DE and QQQ is 0.37, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.37 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.22 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.28 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.23 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.28 |
The correlation between ZPRW.DE and QQQ shifts across timeframes, from 0.22 (3 years) to 0.37 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. QQQ — Risk / Return Rank
ZPRW.DE
QQQ
ZPRW.DE vs. QQQ - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Invesco QQQ ETF (QQQ). 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 | QQQ | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.15 | ||
| Sortino ratioReturn per unit of downside risk | +0.07 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.57 | -0.24 |
| Martin ratioReturn relative to average drawdown | 12.39 | 11.19 | +1.20 |
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 | QQQ | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.43 | -0.15 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.87 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.96 | -0.35 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.79 | -0.33 |
Drawdowns
ZPRW.DE vs. QQQ - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, smaller than the maximum QQQ drawdown of -46.01%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and QQQ.
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Drawdown Indicators
| ZPRW.DE | QQQ | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -46.01% | +6.47% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -11.01% | +1.74% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -27.21% | +10.17% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -30.99% | +12.58% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | -30.99% | -8.55% |
Current DrawdownCurrent decline from peak | -1.75% | -0.05% | -1.70% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -7.79% | +0.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 3.51% | -1.01% |
Volatility
ZPRW.DE vs. QQQ - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to Invesco QQQ ETF (QQQ) at 3.69%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than QQQ 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 | QQQ | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.69% | +0.71% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 11.51% | -0.67% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 16.16% | -2.63% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 22.03% | -7.14% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 22.60% | -5.06% |
ZPRW.DE vs. QQQ - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than QQQ's 0.18% 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. QQQ - Dividend Comparison
ZPRW.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
QQQ Invesco QQQ ETF | 0.38% | 0.45% | 0.56% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRW.DE and QQQ have a correlation of 0.37, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QQQ is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QQQ is cheaper with a 0.18% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE is categorized as Europe Equities, while QQQ is Nasdaq-100. ZPRW.DE tracks MSCI Europe Value Exposure Select, while QQQ tracks NASDAQ-100 Index. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.20% for ZPRW.DE and 0.18% for QQQ.
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