ZPRX.DE vs. PRAE.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and PRAE.DE (Amundi Prime Europe UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while PRAE.DE tracks the Solactive GBS Developed Markets Europe Large & Mid Cap. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 10.04%/yr for PRAE.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.05%/yr for PRAE.DE.
Performance
ZPRX.DE vs. PRAE.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRX.DE having a 7.81% return and PRAE.DE slightly lower at 7.71%.
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%
PRAE.DE
- 1D
- 0.23%
- 1M
- 3.06%
- YTD
- 7.71%
- 6M
- 10.19%
- 1Y
- 16.77%
- 3Y*
- 13.87%
- 5Y*
- 10.04%
- 10Y*
- —
ZPRX.DE vs. PRAE.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% | -2.80% |
PRAE.DE Amundi Prime Europe UCITS ETF | 7.71% | 20.47% | 8.49% | 15.73% | -9.25% | 25.29% | -4.31% |
Correlation
The correlation between ZPRX.DE and PRAE.DE is 0.82, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.82 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (All Time) Calculated using the full available price history since Jan 23, 2020 | 0.77 |
The correlation between ZPRX.DE and PRAE.DE has been stable across timeframes, ranging from 0.77 to 0.85 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. PRAE.DE — Risk / Return Rank
ZPRX.DE
PRAE.DE
ZPRX.DE vs. PRAE.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 Prime Europe UCITS ETF (PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.06 | ||
| Sortino ratioReturn per unit of downside risk | -0.08 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.24 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.75 | -0.28 |
| Martin ratioReturn relative to average drawdown | 5.42 | 6.64 | -1.22 |
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 | PRAE.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 | 0.69 | -0.23 |
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 | -0.15 |
Drawdowns
ZPRX.DE vs. PRAE.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than PRAE.DE's maximum drawdown of -32.86%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and PRAE.DE.
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Drawdown Indicators
| ZPRX.DE | PRAE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -32.86% | -11.07% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.54% | -2.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -16.94% | +0.99% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -19.60% | -7.92% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.63% | +0.12% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -5.27% | -2.44% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.52% | +0.64% |
Volatility
ZPRX.DE vs. PRAE.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while Amundi Prime Europe UCITS ETF (PRAE.DE) has a volatility of 4.39%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than PRAE.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 | PRAE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.39% | -0.22% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 10.66% | +0.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 12.97% | +0.97% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.42% | +2.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 17.22% | +0.92% |
ZPRX.DE vs. PRAE.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than PRAE.DE's 0.05% expense ratio.
Dividends
ZPRX.DE vs. PRAE.DE - Dividend Comparison
Neither ZPRX.DE nor PRAE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and PRAE.DE have a correlation of 0.82, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PRAE.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PRAE.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while PRAE.DE tracks Solactive GBS Developed Markets Europe Large & Mid Cap. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for ZPRX.DE and 0.05% for PRAE.DE.
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