ZPRW.DE vs. WTEE.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, ZPRW.DE returned 13.99%/yr vs 12.46%/yr for WTEE.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.29%/yr for WTEE.DE.
Performance
ZPRW.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 0.42%
- YTD
- 13.70%
- 6M
- 16.59%
- 1Y
- 26.04%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
ZPRW.DE vs. WTEE.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% | 14.21% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between ZPRW.DE and WTEE.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.77 |
The correlation between ZPRW.DE and WTEE.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. WTEE.DE — Risk / Return Rank
ZPRW.DE
WTEE.DE
ZPRW.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.07 | ||
| Sortino ratioReturn per unit of downside risk | -0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.43 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.33 | 3.80 | -0.47 |
| Martin ratioReturn relative to average drawdown | 12.39 | 14.72 | -2.33 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.28 | 2.35 | -0.07 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.93 | -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 | 1.08 | -0.63 |
Drawdowns
ZPRW.DE vs. WTEE.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.54%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and WTEE.DE.
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Drawdown Indicators
| ZPRW.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.54% | -16.45% | -23.09% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -6.78% | -2.49% |
Max Drawdown (3Y)Largest decline over 3 years | -17.04% | -14.12% | -2.92% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -16.45% | -1.96% |
Max Drawdown (10Y)Largest decline over 10 years | -39.54% | — | — |
Current DrawdownCurrent decline from peak | -1.75% | -1.96% | +0.21% |
Average DrawdownAverage peak-to-trough decline | -6.92% | -2.65% | -4.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.75% | +0.75% |
Volatility
ZPRW.DE vs. WTEE.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 4.40% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.40% | 3.73% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 10.84% | 8.73% | +2.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.53% | 10.94% | +2.59% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.89% | 14.50% | +0.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.54% | 14.99% | +2.55% |
ZPRW.DE vs. WTEE.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than WTEE.DE's 0.29% expense ratio.
Dividends
ZPRW.DE vs. WTEE.DE - Dividend Comparison
ZPRW.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRW.DE and WTEE.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.29% for WTEE.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.20% for ZPRW.DE and 0.29% for WTEE.DE.
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