ZPRX.DE vs. SPYJ.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SPYJ.DE (SPDR Dow Jones Global Real Estate UCITS ETF) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while SPYJ.DE is a REIT fund tracking the Dow Jones Global Select Real Estate Securities. Both are passively managed. Over the past 10 years, ZPRX.DE returned 9.71%/yr vs 3.07%/yr for SPYJ.DE. A 0.53 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.40%/yr for SPYJ.DE.
Performance
ZPRX.DE vs. SPYJ.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRX.DE achieves a 6.94% return, which is significantly lower than SPYJ.DE's 13.86% return. Over the past 10 years, ZPRX.DE has outperformed SPYJ.DE with an annualized return of 9.71%, while SPYJ.DE has yielded a comparatively lower 3.07% annualized return.
ZPRX.DE
- 1D
- 0.24%
- 1M
- -1.32%
- YTD
- 6.94%
- 6M
- 8.58%
- 1Y
- 17.51%
- 3Y*
- 15.83%
- 5Y*
- 8.15%
- 10Y*
- 9.71%
SPYJ.DE
- 1D
- -0.27%
- 1M
- 2.98%
- YTD
- 13.86%
- 6M
- 15.17%
- 1Y
- 17.84%
- 3Y*
- 9.23%
- 5Y*
- 2.86%
- 10Y*
- 3.07%
ZPRX.DE vs. SPYJ.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 | 6.94% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 12.89% |
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 13.86% | -2.34% | 4.88% | 7.77% | -20.63% | 41.27% | -18.75% | 22.75% | -2.91% | -4.97% |
Correlation
The correlation between ZPRX.DE and SPYJ.DE is 0.39, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.39 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.43 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.53 |
The correlation between ZPRX.DE and SPYJ.DE shifts across timeframes, from 0.39 (1 year) to 0.53 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRX.DE vs. SPYJ.DE — Risk / Return Rank
ZPRX.DE
SPYJ.DE
ZPRX.DE vs. SPYJ.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 SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRX.DE | SPYJ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.34 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.27 | -0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.56 | -1.06 |
| Martin ratioReturn relative to average drawdown | 5.49 | 8.86 | -3.37 |
Loading charts...
Drawdowns
ZPRX.DE vs. SPYJ.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, roughly equal to the maximum SPYJ.DE drawdown of -42.93%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and SPYJ.DE.
Loading charts...
Drawdown Indicators
| ZPRX.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -42.93% | -1.00% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.95% | -4.68% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -20.28% | +4.33% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -30.70% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -42.93% | -1.00% |
Current DrawdownCurrent decline from peak | -2.30% | -2.82% | +0.52% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -11.16% | +3.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.01% | +1.17% |
Volatility
ZPRX.DE vs. SPYJ.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.13%, while SPDR Dow Jones Global Real Estate UCITS ETF (SPYJ.DE) has a volatility of 4.12%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than SPYJ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRX.DE | SPYJ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 4.12% | -0.99% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 8.97% | +2.52% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 11.66% | +2.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 15.19% | +1.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 16.96% | +0.81% |
ZPRX.DE vs. SPYJ.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than SPYJ.DE's 0.40% expense ratio.
Dividends
ZPRX.DE vs. SPYJ.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while SPYJ.DE's dividend yield for the trailing twelve months is around 2.45%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYJ.DE SPDR Dow Jones Global Real Estate UCITS ETF | 2.45% | 2.80% | 2.70% | 2.67% | 2.91% | 1.76% | 2.70% | 2.61% | 2.24% | 2.79% | 2.53% | 2.10% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRX.DE and SPYJ.DE have a correlation of 0.39, 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 0.40% for SPYJ.DE.
ZPRX.DE is categorized as Europe Equities, while SPYJ.DE is REIT. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while SPYJ.DE tracks Dow Jones Global Select Real Estate Securities. Their fees differ too: 0.30% for ZPRX.DE and 0.40% for SPYJ.DE.
Find the right allocation for ZPRX.DE and SPYJ.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer