ASWC.DE vs. ZPRV.DE
ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past year, ASWC.DE returned 17.13% vs 34.42% for ZPRV.DE. At a 0.42 correlation, their price movements are largely independent. ASWC.DE charges 0.49%/yr vs 0.30%/yr for ZPRV.DE.
Performance
ASWC.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ASWC.DE achieves a 13.04% return, which is significantly lower than ZPRV.DE's 14.58% return.
ASWC.DE
- 1D
- -0.80%
- 1M
- 8.16%
- YTD
- 13.04%
- 6M
- 14.70%
- 1Y
- 17.13%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRV.DE
- 1D
- 0.77%
- 1M
- 2.26%
- YTD
- 14.58%
- 6M
- 14.63%
- 1Y
- 34.42%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
ASWC.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.35% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 12.19% |
Correlation
The correlation between ASWC.DE and ZPRV.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (All Time) Calculated using the full available price history since Jul 5, 2023 | 0.43 |
The correlation between ASWC.DE and ZPRV.DE shifts across timeframes, from 0.25 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ASWC.DE vs. ZPRV.DE — Risk / Return Rank
ASWC.DE
ZPRV.DE
ASWC.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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.
| ASWC.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.33 | ||
| Sortino ratioReturn per unit of downside risk | -1.67 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.38 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.36 | 5.84 | -4.48 |
| Martin ratioReturn relative to average drawdown | 3.10 | 17.49 | -14.39 |
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
| ASWC.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.84 | 2.17 | -1.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.91 | 0.47 | +1.44 |
Drawdowns
ASWC.DE vs. ZPRV.DE - Drawdown Comparison
The maximum ASWC.DE drawdown since its inception was -12.58%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for ASWC.DE and ZPRV.DE.
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Drawdown Indicators
| ASWC.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -12.58% | -46.04% | +33.46% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -5.87% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -2.83% | 0.00% | -2.83% |
Average DrawdownAverage peak-to-trough decline | -2.47% | -8.34% | +5.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.51% | 1.96% | +3.55% |
Volatility
ASWC.DE vs. ZPRV.DE - Volatility Comparison
HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a higher volatility of 5.89% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.39%. This indicates that ASWC.DE's price experiences larger fluctuations and is considered to be riskier than ZPRV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ASWC.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.89% | 3.39% | +2.50% |
Volatility (6M)Calculated over the trailing 6-month period | 15.89% | 9.42% | +6.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.35% | 15.78% | +4.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.12% | 20.38% | -1.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.12% | 22.56% | -3.44% |
ASWC.DE vs. ZPRV.DE - Expense Ratio Comparison
ASWC.DE has a 0.49% expense ratio, which is higher than ZPRV.DE's 0.30% expense ratio.
Dividends
ASWC.DE vs. ZPRV.DE - Dividend Comparison
Neither ASWC.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
ASWC.DE and ZPRV.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRV.DE is cheaper with a 0.30% expense ratio, compared with 0.49% for ASWC.DE.
ASWC.DE is categorized as Aerospace & Defense, while ZPRV.DE is Small Cap Value Equities. ASWC.DE tracks EQM Future of Defence Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: HANetf and State Street. Their fees differ too: 0.49% for ASWC.DE and 0.30% for ZPRV.DE.
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