ZPRW.DE vs. SPYL.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPRW.DE returned 31.00% vs 25.61% for SPYL.DE. At a 0.42 correlation, their price movements are largely independent. ZPRW.DE charges 0.20%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPRW.DE vs. SPYL.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRW.DE having a 11.85% return and SPYL.DE slightly lower at 11.37%.
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%
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRW.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 9.14% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ZPRW.DE and SPYL.DE is 0.52, 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 | 0.52 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.42 |
The correlation between ZPRW.DE and SPYL.DE shifts across timeframes, from 0.42 (all time) to 0.52 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. SPYL.DE — Risk / Return Rank
ZPRW.DE
SPYL.DE
ZPRW.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.41 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.58 | -0.25 |
| Martin ratioReturn relative to average drawdown | 12.39 | 12.72 | -0.33 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.21 | +0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | — | — |
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 | 1.54 | -1.08 |
Drawdowns
ZPRW.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and SPYL.DE.
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Drawdown Indicators
| ZPRW.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -23.27% | -16.27% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -7.13% | -2.14% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -0.46% | -1.29% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -3.24% | -3.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.01% | +0.49% |
Volatility
ZPRW.DE vs. SPYL.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 2.66% | +1.74% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 7.57% | +3.27% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 11.52% | +2.01% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.61% | +0.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 14.61% | +2.93% |
ZPRW.DE vs. SPYL.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than SPYL.DE's 0.03% 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. SPYL.DE - Dividend Comparison
Neither ZPRW.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and SPYL.DE have a correlation of 0.52, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE is categorized as Europe Equities, while SPYL.DE is S&P 500. ZPRW.DE tracks MSCI Europe Value Exposure Select, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.20% for ZPRW.DE and 0.03% for SPYL.DE.
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