ZPRX.DE vs. ZPR1.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and ZPR1.DE (State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc)) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while ZPR1.DE is a Money Market fund tracking the Bloomberg US Treasury Bills 1-3 Month Index. Both are passively managed. Over the past 5 years, ZPRX.DE returned 9.01%/yr vs 4.14%/yr for ZPR1.DE. At a correlation of -0.18, they often move in opposite directions. ZPRX.DE charges 0.30%/yr vs 0.05%/yr for ZPR1.DE.
Performance
ZPRX.DE vs. ZPR1.DE - Performance Comparison
Loading charts...
Different Trading Currencies
ZPRX.DE is traded in EUR, while ZPR1.DE is traded in USD. To make them comparable, the ZPR1.DE values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRX.DE achieves a 9.27% return, which is significantly higher than ZPR1.DE's 4.40% return.
ZPRX.DE
- 1D
- 0.85%
- 1M
- 0.64%
- 6M
- 5.54%
- YTD
- 9.27%
- 1Y
- 16.24%
- 3Y*
- 15.20%
- 5Y*
- 9.01%
- 10Y*
- 8.95%
ZPR1.DE
- 1D
- -0.48%
- 1M
- 1.35%
- 6M
- 3.38%
- YTD
- 4.40%
- 1Y
- 5.05%
- 3Y*
- 3.89%
- 5Y*
- 4.14%
- 10Y*
- —
ZPRX.DE vs. ZPR1.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 9.27% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 13.06% |
ZPR1.DE State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) | 4.40% | -7.65% | 11.56% | 1.86% | 7.26% | 8.54% | -8.63% | 1.13% |
Correlation
The correlation between ZPRX.DE and ZPR1.DE is -0.18, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.17 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.22 |
Correlation (All Time) Calculated using the full available price history since Jul 17, 2019 | -0.18 |
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. ZPR1.DE — Risk / Return Rank
ZPRX.DE
ZPR1.DE
ZPRX.DE vs. ZPR1.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 State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.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 | ZPR1.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.15 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.39 | 1.31 | +0.08 |
| Martin ratioReturn relative to average drawdown | 5.03 | 3.34 | +1.70 |
Loading charts...
Drawdowns
ZPRX.DE vs. ZPR1.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than ZPR1.DE's maximum drawdown of -13.91%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and ZPR1.DE.
Loading charts...
Drawdown Indicators
| ZPRX.DE | ZPR1.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -13.91% | -30.02% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -3.85% | -7.78% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -11.52% | -4.43% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -11.73% | -15.79% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -0.18% | -5.26% | +5.08% |
Average DrawdownAverage peak-to-trough decline | -7.64% | -6.31% | -1.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.22% | 1.51% | +1.71% |
Volatility
ZPRX.DE vs. ZPR1.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 3.69% compared to State Street SPDR Bloomberg 1-3 Month T-Bill UCITS ETF (Acc) (ZPR1.DE) at 1.66%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than ZPR1.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRX.DE | ZPR1.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.69% | 1.66% | +2.03% |
Volatility (6M)Calculated over the trailing 6-month period | 11.73% | 4.48% | +7.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.15% | 6.20% | +7.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 7.57% | +9.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.58% | 7.56% | +10.02% |
ZPRX.DE vs. ZPR1.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than ZPR1.DE's 0.05% expense ratio.
Dividends
ZPRX.DE vs. ZPR1.DE - Dividend Comparison
Neither ZPRX.DE nor ZPR1.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and ZPR1.DE have a correlation of -0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPR1.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPR1.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE is categorized as Europe Equities, while ZPR1.DE is Money Market. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while ZPR1.DE tracks Bloomberg US Treasury Bills 1-3 Month Index. Their fees differ too: 0.30% for ZPRX.DE and 0.05% for ZPR1.DE.
Find the right allocation for ZPRX.DE and ZPR1.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