ZPRX.DE vs. 18M2.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and 18M2.DE (Amundi ETF MSCI EMU High Dividend UCITS ETF EUR) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while 18M2.DE tracks the MSCI EMU High Dividend Yield. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 8.26%/yr for 18M2.DE. Their correlation of 0.80 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
ZPRX.DE vs. 18M2.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly higher than 18M2.DE's 6.76% return. Both investments have delivered pretty close results over the past 10 years, with ZPRX.DE having a 8.15% annualized return and 18M2.DE not far ahead at 8.26%.
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
18M2.DE
- 1D
- 0.32%
- 1M
- 1.10%
- YTD
- 6.76%
- 6M
- 8.84%
- 1Y
- 15.86%
- 3Y*
- 12.13%
- 5Y*
- 8.90%
- 10Y*
- 8.26%
ZPRX.DE vs. 18M2.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
18M2.DE Amundi ETF MSCI EMU High Dividend UCITS ETF EUR | 6.76% | 21.49% | 3.36% | 16.14% | -6.47% | 16.02% | -6.39% | 24.91% | -4.44% | 7.99% |
Correlation
The correlation between ZPRX.DE and 18M2.DE is 0.66, 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 | 0.66 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.80 |
The correlation between ZPRX.DE and 18M2.DE shifts across timeframes, from 0.66 (1 year) to 0.80 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. 18M2.DE — Risk / Return Rank
ZPRX.DE
18M2.DE
ZPRX.DE vs. 18M2.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.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.
| ZPRX.DE | 18M2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.25 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.28 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.55 | -1.08 |
| Martin ratioReturn relative to average drawdown | 5.42 | 6.71 | -1.29 |
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
| ZPRX.DE | 18M2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.49 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.66 | -0.20 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.53 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.44 | -0.05 |
Drawdowns
ZPRX.DE vs. 18M2.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than 18M2.DE's maximum drawdown of -37.06%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and 18M2.DE.
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Drawdown Indicators
| ZPRX.DE | 18M2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -37.06% | -6.87% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.19% | -5.44% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -14.68% | -1.27% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -20.81% | -6.71% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -37.06% | -6.87% |
Current DrawdownCurrent decline from peak | -1.51% | -1.44% | -0.07% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -6.42% | -1.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.36% | +0.80% |
Volatility
ZPRX.DE vs. 18M2.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to Amundi ETF MSCI EMU High Dividend UCITS ETF EUR (18M2.DE) at 2.63%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than 18M2.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRX.DE | 18M2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.63% | +1.54% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 8.33% | +2.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 10.62% | +3.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 13.41% | +3.28% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 15.44% | +2.70% |
ZPRX.DE vs. 18M2.DE - Expense Ratio Comparison
Both ZPRX.DE and 18M2.DE have an expense ratio of 0.30%.
Dividends
ZPRX.DE vs. 18M2.DE - Dividend Comparison
Neither ZPRX.DE nor 18M2.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and 18M2.DE have a correlation of 0.66, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE and 18M2.DE have the same expense ratio: 0.30% per year.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while 18M2.DE tracks MSCI EMU High Dividend Yield. They also come from different issuers: State Street and Amundi.
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