ZSRM.DE vs. SPYL.DE
ZSRM.DE (BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZSRM.DE is a Large Cap Blend Equities fund tracking the MSCI USA SRI S-Series PAB 5% Capped, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZSRM.DE returned 11.04% vs 25.56% for SPYL.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZSRM.DE charges 0.25%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZSRM.DE vs. SPYL.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZSRM.DE achieves a 10.14% return, which is significantly lower than SPYL.DE's 11.37% return.
ZSRM.DE
- 1D
- 0.72%
- 1M
- 6.90%
- YTD
- 10.14%
- 6M
- 9.61%
- 1Y
- 11.04%
- 3Y*
- 9.90%
- 5Y*
- —
- 10Y*
- —
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZSRM.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZSRM.DE BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc | 10.14% | -6.25% | 17.05% | 14.22% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ZSRM.DE and SPYL.DE is 0.79, 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 | 0.79 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.83 |
The correlation between ZSRM.DE and SPYL.DE has been stable across timeframes, ranging from 0.79 to 0.83 - a consistent structural relationship.
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
ZSRM.DE vs. SPYL.DE — Risk / Return Rank
ZSRM.DE
SPYL.DE
ZSRM.DE vs. SPYL.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) and State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| ZSRM.DE | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.31 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.41 | -0.25 |
| Calmar ratioReturn relative to maximum drawdown | 1.28 | 3.58 | -2.30 |
| Martin ratioReturn relative to average drawdown | 3.54 | 12.72 | -9.18 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZSRM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.91 | 2.21 | -1.31 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.41 | 1.54 | -1.13 |
Drawdowns
ZSRM.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZSRM.DE drawdown since its inception was -23.72%, roughly equal to the maximum SPYL.DE drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZSRM.DE and SPYL.DE.
Loading charts...
Drawdown Indicators
| ZSRM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.72% | -23.27% | -0.45% |
Max Drawdown (1Y)Largest decline over 1 year | -8.64% | -7.13% | -1.51% |
Max Drawdown (3Y)Largest decline over 3 years | -23.72% | — | — |
Current DrawdownCurrent decline from peak | -1.84% | -0.46% | -1.38% |
Average DrawdownAverage peak-to-trough decline | -7.07% | -3.24% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.13% | 2.01% | +1.12% |
Volatility
ZSRM.DE vs. SPYL.DE - Volatility Comparison
BNP Paribas Easy MSCI USA SRI S-Series PAB 5% Capped UCITS ETF EUR Acc (ZSRM.DE) has a higher volatility of 3.16% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ZSRM.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZSRM.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.16% | 2.66% | +0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.46% | 7.57% | +0.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.17% | 11.52% | +0.65% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.88% | 14.61% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.88% | 14.61% | +1.27% |
ZSRM.DE vs. SPYL.DE - Expense Ratio Comparison
ZSRM.DE has a 0.25% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
ZSRM.DE vs. SPYL.DE - Dividend Comparison
Neither ZSRM.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZSRM.DE and SPYL.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.25% for ZSRM.DE.
ZSRM.DE is categorized as Large Cap Blend Equities, while SPYL.DE is S&P 500. ZSRM.DE tracks MSCI USA SRI S-Series PAB 5% Capped, while SPYL.DE tracks S&P 500 Index. They also come from different issuers: BNP Paribas and State Street. Their fees differ too: 0.25% for ZSRM.DE and 0.03% for SPYL.DE.
Find the right allocation for ZSRM.DE and SPYL.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