ZPRW.DE vs. SPYM.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, ZPRW.DE returned 10.74%/yr vs 9.90%/yr for SPYM.DE. A 0.53 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.18%/yr for SPYM.DE.
Performance
ZPRW.DE vs. SPYM.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 lower than SPYM.DE's 27.39% return. Over the past 10 years, ZPRW.DE has outperformed SPYM.DE with an annualized return of 10.74%, while SPYM.DE has yielded a comparatively lower 9.90% 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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
ZPRW.DE vs. SPYM.DE - 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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between ZPRW.DE and SPYM.DE is 0.54, 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 | 0.54 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.54 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.53 |
The correlation between ZPRW.DE and SPYM.DE has been stable across timeframes, ranging from 0.48 to 0.55 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. SPYM.DE — Risk / Return Rank
ZPRW.DE
SPYM.DE
ZPRW.DE vs. SPYM.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 Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.51 | ||
| Sortino ratioReturn per unit of downside risk | -0.53 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.50 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 4.80 | -1.47 |
| Martin ratioReturn relative to average drawdown | 12.39 | 17.28 | -4.89 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.79 | -0.51 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.50 | +0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.61 | 0.54 | +0.07 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.45 | 0.34 | +0.11 |
Drawdowns
ZPRW.DE vs. SPYM.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than SPYM.DE's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and SPYM.DE.
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Drawdown Indicators
| ZPRW.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -36.28% | -3.26% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.38% | +1.11% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -18.96% | +1.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -23.86% | +5.45% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | -31.69% | -7.85% |
Current DrawdownCurrent decline from peak | -1.75% | -2.74% | +0.99% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -9.95% | +3.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 2.89% | -0.39% |
Volatility
ZPRW.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 4.40%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 7.34% | -2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 15.16% | -4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 17.87% | -4.34% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 16.78% | -1.89% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 18.40% | -0.86% |
ZPRW.DE vs. SPYM.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is higher than SPYM.DE'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. SPYM.DE - Dividend Comparison
Neither ZPRW.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and SPYM.DE have a correlation of 0.54, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.20% for ZPRW.DE.
ZPRW.DE is categorized as Europe Equities, while SPYM.DE is Emerging Markets Equities. ZPRW.DE tracks MSCI Europe Value Exposure Select, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.20% for ZPRW.DE and 0.18% for SPYM.DE.
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