ZPRX.DE vs. EUFM.L
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and EUFM.L (UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while EUFM.L tracks the MSCI EMU NR EUR. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 9.54%/yr for EUFM.L. A 0.68 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.34%/yr for EUFM.L.
Performance
ZPRX.DE vs. EUFM.L - Performance Comparison
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Different Trading Currencies
ZPRX.DE is traded in EUR, while EUFM.L is traded in GBp. To make them comparable, the EUFM.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRX.DE having a 7.81% return and EUFM.L slightly lower at 7.69%.
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%
EUFM.L
- 1D
- 0.12%
- 1M
- 2.61%
- YTD
- 7.69%
- 6M
- 9.98%
- 1Y
- 13.74%
- 3Y*
- 15.24%
- 5Y*
- 9.54%
- 10Y*
- —
ZPRX.DE vs. EUFM.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -18.80% |
EUFM.L UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc | 7.69% | 22.83% | 8.23% | 17.90% | -12.57% | 20.88% | 0.09% | 26.69% | -13.62% |
Correlation
The correlation between ZPRX.DE and EUFM.L 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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 10, 2018 | 0.68 |
The correlation between ZPRX.DE and EUFM.L shifts across timeframes, from 0.66 (5 years) to 0.76 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. EUFM.L — Risk / Return Rank
ZPRX.DE
EUFM.L
ZPRX.DE vs. EUFM.L - 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 UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L). 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 | EUFM.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.21 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.43 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.42 | 5.24 | +0.18 |
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 | EUFM.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.10 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.64 | -0.18 |
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 | 0.54 | -0.14 |
Drawdowns
ZPRX.DE vs. EUFM.L - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than EUFM.L's maximum drawdown of -37.78%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and EUFM.L.
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Drawdown Indicators
| ZPRX.DE | EUFM.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -37.78% | -6.15% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.59% | -2.04% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -13.76% | -2.19% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -23.91% | -3.61% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.97% | -0.54% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -5.56% | -2.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.62% | +0.54% |
Volatility
ZPRX.DE vs. EUFM.L - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and UBS (Lux) Fund Solutions – MSCI EMU Select Factor Mix UCITS ETF(EUR)A-acc (EUFM.L) have volatilities of 4.17% and 3.98%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRX.DE | EUFM.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.98% | +0.19% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 10.23% | +1.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 12.43% | +1.51% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.86% | +1.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 16.61% | +1.53% |
ZPRX.DE vs. EUFM.L - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than EUFM.L's 0.34% expense ratio.
Dividends
ZPRX.DE vs. EUFM.L - Dividend Comparison
Neither ZPRX.DE nor EUFM.L has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and EUFM.L 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, 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 0.34% for EUFM.L.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while EUFM.L tracks MSCI EMU NR EUR. They also come from different issuers: State Street and UBS. Their fees differ too: 0.30% for ZPRX.DE and 0.34% for EUFM.L.
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