ZPRW.DE vs. XB4A.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and XB4A.DE (Xtrackers ATX UCITS ETF (Acc)) are both Europe Equities funds - ZPRW.DE tracks the MSCI Europe Value Exposure Select while XB4A.DE tracks the ATX Index. Both are passively managed. Over the past 10 years, ZPRW.DE returned 11.23%/yr vs 14.60%/yr for XB4A.DE. A 0.78 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.25%/yr for XB4A.DE.
Performance
ZPRW.DE vs. XB4A.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.94% return, which is significantly lower than XB4A.DE's 22.80% return. Over the past 10 years, ZPRW.DE has underperformed XB4A.DE with an annualized return of 11.23%, while XB4A.DE has yielded a comparatively higher 14.60% annualized return.
ZPRW.DE
- 1D
- -0.40%
- 1M
- 1.29%
- 6M
- 11.98%
- YTD
- 14.94%
- 1Y
- 32.77%
- 3Y*
- 20.81%
- 5Y*
- 14.91%
- 10Y*
- 11.23%
XB4A.DE
- 1D
- -1.41%
- 1M
- -2.86%
- 6M
- 19.27%
- YTD
- 22.80%
- 1Y
- 45.21%
- 3Y*
- 30.57%
- 5Y*
- 17.80%
- 10Y*
- 14.60%
ZPRW.DE vs. XB4A.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.94% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | -7.65% | 23.75% | -14.98% | 10.96% |
XB4A.DE Xtrackers ATX UCITS ETF (Acc) | 22.80% | 51.29% | 11.01% | 14.27% | -16.45% | 42.39% | -10.86% | 19.79% | -17.99% | 32.88% |
Correlation
The correlation between ZPRW.DE and XB4A.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.78 |
The correlation between ZPRW.DE and XB4A.DE has been stable across timeframes, ranging from 0.72 to 0.78 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. XB4A.DE — Risk / Return Rank
ZPRW.DE
XB4A.DE
ZPRW.DE vs. XB4A.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 Xtrackers ATX UCITS ETF (Acc) (XB4A.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRW.DE | XB4A.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 4.13 | -0.61 |
| Martin ratioReturn relative to average drawdown | 13.12 | 13.97 | -0.85 |
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Drawdowns
ZPRW.DE vs. XB4A.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, smaller than the maximum XB4A.DE drawdown of -53.54%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and XB4A.DE.
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Drawdown Indicators
| ZPRW.DE | XB4A.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -53.54% | +14.02% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -10.88% | +1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -16.26% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -32.50% | +14.09% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -53.54% | +14.02% |
Current DrawdownCurrent decline from peak | -0.46% | -3.43% | +2.97% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -9.88% | +2.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 3.23% | -0.74% |
Volatility
ZPRW.DE vs. XB4A.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) is 3.73%, while Xtrackers ATX UCITS ETF (Acc) (XB4A.DE) has a volatility of 4.97%. This indicates that ZPRW.DE experiences smaller price fluctuations and is considered to be less risky than XB4A.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 | XB4A.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 4.97% | -1.24% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 14.95% | -3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 17.66% | -3.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 19.15% | -4.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 20.15% | -3.45% |
ZPRW.DE vs. XB4A.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than XB4A.DE's 0.25% expense ratio. Despite the difference, 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. XB4A.DE - Dividend Comparison
Neither ZPRW.DE nor XB4A.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and XB4A.DE have a correlation of 0.74, 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 0.25% for XB4A.DE.
ZPRW.DE tracks MSCI Europe Value Exposure Select, while XB4A.DE tracks ATX Index. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.20% for ZPRW.DE and 0.25% for XB4A.DE.
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