AVWS.DE vs. ZPRS.DE

Last updated Jun 4, 2026

AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc EUR) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis, while ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. AVWS.DE is actively managed, while ZPRS.DE is passively managed. Over the past year, AVWS.DE returned 34.22% vs 29.50% for ZPRS.DE. Their correlation of 0.86 suggests significant overlap in exposure. AVWS.DE charges 0.39%/yr vs 0.45%/yr for ZPRS.DE.

Performance

AVWS.DE vs. ZPRS.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, AVWS.DE achieves a 17.83% return, which is significantly higher than ZPRS.DE's 14.17% return.

AVWS.DE

• 1D: -0.33%
• 1M: 2.49%
• YTD: 17.83%
• 6M: 19.23%
• 1Y: 34.22%
• 3Y*: —
• 5Y*: —
• 10Y*: —

ZPRS.DE

• 1D: -0.25%
• 1M: 4.47%
• YTD: 14.17%
• 6M: 16.07%
• 1Y: 29.50%
• 3Y*: 14.55%
• 5Y*: 7.77%
• 10Y*: 9.85%

*Multi-year figures are annualized to reflect compound growth (CAGR)

AVWS.DE vs. ZPRS.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc EUR	17.83%	7.87%	5.65%
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF	14.17%	7.37%	4.33%

Correlation

The correlation between AVWS.DE and ZPRS.DE is 0.81, 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	0.81
Correlation (All Time) Calculated using the full available price history since Oct 2, 2024	0.86

The correlation between AVWS.DE and ZPRS.DE has been stable across timeframes, ranging from 0.81 to 0.86 - a consistent structural relationship.

Return for Risk

AVWS.DE vs. ZPRS.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

AVWS.DE

AVWS.DE Risk / Return Rank: 77
AVWS.DE Sharpe Ratio Rank: 70
AVWS.DE Sortino Ratio Rank: 70
AVWS.DE Omega Ratio Rank: 67
AVWS.DE Calmar Ratio Rank: 89
AVWS.DE Martin Ratio Rank: 88

ZPRS.DE

ZPRS.DE Risk / Return Rank: 69
ZPRS.DE Sharpe Ratio Rank: 63
ZPRS.DE Sortino Ratio Rank: 65
ZPRS.DE Omega Ratio Rank: 60
ZPRS.DE Calmar Ratio Rank: 79
ZPRS.DE Martin Ratio Rank: 78

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

AVWS.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.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.

	AVWS.DE	ZPRS.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.35	2.12	+0.23
Sortino ratio: Return per unit of downside risk	3.26	3.03	+0.23
Omega ratio: Gain probability vs. loss probability	1.41	1.37	+0.04
Calmar ratio: Return relative to maximum drawdown	5.33	4.07	+1.26
Martin ratio: Return relative to average drawdown	19.87	15.33	+4.54
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

AVWS.DE vs. ZPRS.DE - Sharpe Ratio Comparison

The current AVWS.DE Sharpe Ratio is 2.35, which is comparable to the ZPRS.DE Sharpe Ratio of 2.12. The chart below compares the historical Sharpe Ratios of AVWS.DE and ZPRS.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	AVWS.DE	ZPRS.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.35	2.12	+0.23
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.46	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.57	—
Sharpe Ratio (All Time) Calculated using the full available price history	1.07	0.60	+0.47

Drawdowns

AVWS.DE vs. ZPRS.DE - Drawdown Comparison

The maximum AVWS.DE drawdown since its inception was -25.21%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for AVWS.DE and ZPRS.DE.

Drawdown Indicators

	AVWS.DE	ZPRS.DE	Difference
Max Drawdown Largest peak-to-trough decline	-25.21%	-40.22%	+15.01%
Max Drawdown (1Y) Largest decline over 1 year	-6.39%	-7.22%	+0.83%
Max Drawdown (3Y) Largest decline over 3 years	—	-24.49%	—
Max Drawdown (5Y) Largest decline over 5 years	—	-24.49%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-40.22%	—
Current Drawdown Current decline from peak	-0.78%	-0.25%	-0.53%
Average Drawdown Average peak-to-trough decline	-5.14%	-6.41%	+1.27%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.72%	1.92%	-0.20%

Volatility

AVWS.DE vs. ZPRS.DE - Volatility Comparison

The current volatility for Avantis Global Small Cap Value UCITS ETF USD Acc EUR (AVWS.DE) is 3.25%, while SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a volatility of 3.75%. This indicates that AVWS.DE experiences smaller price fluctuations and is considered to be less risky than ZPRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	AVWS.DE	ZPRS.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.25%	3.75%	-0.50%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	9.69%	-0.09%
Volatility (1Y) Calculated over the trailing 1-year period	14.51%	13.88%	+0.63%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	18.14%	16.58%	+1.56%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	17.26%	+0.88%

AVWS.DE vs. ZPRS.DE - Expense Ratio Comparison

AVWS.DE has a 0.39% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.

Dividends

AVWS.DE vs. ZPRS.DE - Dividend Comparison

Neither AVWS.DE nor ZPRS.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both AVWS.DE and ZPRS.DE in my portfolio?

AVWS.DE and ZPRS.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, AVWS.DE or ZPRS.DE?

On fees, AVWS.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, AVWS.DE or ZPRS.DE?

AVWS.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for ZPRS.DE.

What is the main difference between AVWS.DE and ZPRS.DE?

AVWS.DE is categorized as Foreign Small & Mid Cap Equities, while ZPRS.DE is Global Equities. They also come from different issuers: Avantis and State Street. Their fees differ too: 0.39% for AVWS.DE and 0.45% for ZPRS.DE.