ZPRW.DE vs. SPPW.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRW.DE returned 13.99%/yr vs 13.03%/yr for SPPW.DE. A 0.62 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRW.DE vs. SPPW.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 SPPW.DE's 10.85% 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%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRW.DE vs. SPPW.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% | 11.50% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRW.DE and SPPW.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.62 |
The correlation between ZPRW.DE and SPPW.DE has been stable across timeframes, ranging from 0.58 to 0.67 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. SPPW.DE — Risk / Return Rank
ZPRW.DE
SPPW.DE
ZPRW.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.40 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.66 | -0.33 |
| Martin ratioReturn relative to average drawdown | 12.39 | 14.69 | -2.30 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.16 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.92 | +0.01 |
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 | 0.86 | -0.41 |
Drawdowns
ZPRW.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and SPPW.DE.
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Drawdown Indicators
| ZPRW.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -33.69% | -5.85% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -6.51% | -2.76% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -21.62% | +4.58% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -21.62% | +3.21% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.31% | -1.44% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -4.43% | -2.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.63% | +0.87% |
Volatility
ZPRW.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 2.70% | +1.70% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 7.62% | +3.22% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 11.11% | +2.42% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.06% | +0.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 16.08% | +1.46% |
ZPRW.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than SPPW.DE's 0.12% 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. SPPW.DE - Dividend Comparison
Neither ZPRW.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and SPPW.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE is categorized as Europe Equities, while SPPW.DE is Global Equities. ZPRW.DE tracks MSCI Europe Value Exposure Select, while SPPW.DE tracks MSCI World. Their fees differ too: 0.20% for ZPRW.DE and 0.12% for SPPW.DE.
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