ZPRX.DE vs. D5BL.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and D5BL.DE (Xtrackers MSCI Europe Value UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while D5BL.DE tracks the MSCI Europe Enhanced Value. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 10.77%/yr for D5BL.DE. Their correlation of 0.87 suggests significant overlap in exposure. ZPRX.DE charges 0.30%/yr vs 0.15%/yr for D5BL.DE.
Performance
ZPRX.DE vs. D5BL.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 lower than D5BL.DE's 13.85% return. Over the past 10 years, ZPRX.DE has underperformed D5BL.DE with an annualized return of 8.15%, while D5BL.DE has yielded a comparatively higher 10.77% annualized return.
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%
D5BL.DE
- 1D
- -0.38%
- 1M
- 4.90%
- YTD
- 13.85%
- 6M
- 17.13%
- 1Y
- 33.04%
- 3Y*
- 21.76%
- 5Y*
- 14.60%
- 10Y*
- 10.77%
ZPRX.DE vs. D5BL.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% |
D5BL.DE Xtrackers MSCI Europe Value UCITS ETF | 13.85% | 35.78% | 10.37% | 14.14% | -4.63% | 26.83% | -8.58% | 22.90% | -13.98% | 9.78% |
Correlation
The correlation between ZPRX.DE and D5BL.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.86 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.87 |
The correlation between ZPRX.DE and D5BL.DE has been stable across timeframes, ranging from 0.79 to 0.87 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. D5BL.DE — Risk / Return Rank
ZPRX.DE
D5BL.DE
ZPRX.DE vs. D5BL.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 Xtrackers MSCI Europe Value UCITS ETF (D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.05 | ||
| Sortino ratioReturn per unit of downside risk | -1.43 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.42 | -0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.28 | -1.81 |
| Martin ratioReturn relative to average drawdown | 5.42 | 12.52 | -7.09 |
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 | D5BL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.28 | -1.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.93 | -0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.60 | -0.16 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.48 | -0.09 |
Drawdowns
ZPRX.DE vs. D5BL.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than D5BL.DE's maximum drawdown of -40.40%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and D5BL.DE.
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Drawdown Indicators
| ZPRX.DE | D5BL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -40.40% | -3.53% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -10.02% | -1.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -17.36% | +1.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -19.58% | -7.94% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -40.40% | -3.53% |
Current DrawdownCurrent decline from peak | -1.51% | -1.22% | -0.29% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -7.23% | -0.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.63% | +0.53% |
Volatility
ZPRX.DE vs. D5BL.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while Xtrackers MSCI Europe Value UCITS ETF (D5BL.DE) has a volatility of 4.83%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than D5BL.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 | D5BL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.83% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 11.54% | -0.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 14.44% | -0.50% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 15.59% | +1.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 17.76% | +0.38% |
ZPRX.DE vs. D5BL.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than D5BL.DE's 0.15% expense ratio.
Dividends
ZPRX.DE vs. D5BL.DE - Dividend Comparison
Neither ZPRX.DE nor D5BL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and D5BL.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, D5BL.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
D5BL.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while D5BL.DE tracks MSCI Europe Enhanced Value. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for ZPRX.DE and 0.15% for D5BL.DE.
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