ZPRX.DE vs. ECLM.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and ECLM.DE (HANetf iClima Global Decarbonisation Enablers UCITS ETF) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while ECLM.DE is a Global Equities fund tracking the iClima Global Decarbonisation Enablers. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs -0.34%/yr for ECLM.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.65%/yr for ECLM.DE.
Performance
ZPRX.DE vs. ECLM.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 ECLM.DE's 18.15% 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%
ECLM.DE
- 1D
- -1.47%
- 1M
- 5.70%
- YTD
- 18.15%
- 6M
- 17.28%
- 1Y
- 37.06%
- 3Y*
- 4.30%
- 5Y*
- -0.34%
- 10Y*
- —
ZPRX.DE vs. ECLM.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | 5.73% |
ECLM.DE HANetf iClima Global Decarbonisation Enablers UCITS ETF | 18.15% | 12.83% | -11.47% | 1.02% | -23.37% | 14.89% | 7.80% |
Correlation
The correlation between ZPRX.DE and ECLM.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Dec 14, 2020 | 0.72 |
The correlation between ZPRX.DE and ECLM.DE has been stable across timeframes, ranging from 0.70 to 0.74 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. ECLM.DE — Risk / Return Rank
ZPRX.DE
ECLM.DE
ZPRX.DE vs. ECLM.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 HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.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 | ECLM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.32 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.87 | -0.40 |
| Martin ratioReturn relative to average drawdown | 5.42 | 3.63 | +1.80 |
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 | ECLM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.29 | -0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | -0.01 | +0.47 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.10 | +0.30 |
Drawdowns
ZPRX.DE vs. ECLM.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum ECLM.DE drawdown of -49.88%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and ECLM.DE.
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Drawdown Indicators
| ZPRX.DE | ECLM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -49.88% | +5.95% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -19.77% | +8.14% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -36.17% | +20.22% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -49.88% | +22.36% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -16.23% | +14.72% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -24.19% | +16.48% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 10.19% | -7.03% |
Volatility
ZPRX.DE vs. ECLM.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while HANetf iClima Global Decarbonisation Enablers UCITS ETF (ECLM.DE) has a volatility of 6.50%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than ECLM.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 | ECLM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 6.50% | -2.33% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 13.35% | -2.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 28.64% | -14.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 23.04% | -6.35% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 23.35% | -5.21% |
ZPRX.DE vs. ECLM.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than ECLM.DE's 0.65% expense ratio.
Dividends
ZPRX.DE vs. ECLM.DE - Dividend Comparison
Neither ZPRX.DE nor ECLM.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and ECLM.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.65% for ECLM.DE.
ZPRX.DE is categorized as Europe Equities, while ECLM.DE is Global Equities. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while ECLM.DE tracks iClima Global Decarbonisation Enablers. They also come from different issuers: State Street and HANetf. Their fees differ too: 0.30% for ZPRX.DE and 0.65% for ECLM.DE.
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