ETLZ.DE vs. ZPRR.DE
ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) and ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) are both Small Cap Blend Equities funds - ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index while ZPRR.DE tracks the Russell 2000®. Both are passively managed. Over the past 10 years, ETLZ.DE returned 10.75%/yr vs 10.12%/yr for ZPRR.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
ETLZ.DE vs. ZPRR.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ETLZ.DE having a 21.33% return and ZPRR.DE slightly higher at 21.94%. Over the past 10 years, ETLZ.DE has outperformed ZPRR.DE with an annualized return of 10.75%, while ZPRR.DE has yielded a comparatively lower 10.12% annualized return.
ETLZ.DE
- 1D
- -0.66%
- 1M
- 1.72%
- 6M
- 15.70%
- YTD
- 21.33%
- 1Y
- 34.15%
- 3Y*
- 14.90%
- 5Y*
- 9.00%
- 10Y*
- 10.75%
ZPRR.DE
- 1D
- 0.52%
- 1M
- 1.55%
- 6M
- 15.50%
- YTD
- 21.94%
- 1Y
- 36.78%
- 3Y*
- 16.03%
- 5Y*
- 8.02%
- 10Y*
- 10.12%
ETLZ.DE vs. ZPRR.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.33% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 21.94% | 1.37% | 15.82% | 14.84% | -16.61% | 25.11% | 8.20% | 29.01% | -9.00% | 0.49% |
Correlation
The correlation between ETLZ.DE and ZPRR.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.98 |
The correlation between ETLZ.DE and ZPRR.DE has been stable across timeframes, ranging from 0.98 to 0.99 - a consistent structural relationship.
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Return for Risk
ETLZ.DE vs. ZPRR.DE — Risk / Return Rank
ETLZ.DE
ZPRR.DE
ETLZ.DE vs. ZPRR.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) and SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.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.
| ETLZ.DE | ZPRR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.30 | ||
| Sortino ratioReturn per unit of downside risk | +0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.34 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.33 | 4.34 | +1.00 |
| Martin ratioReturn relative to average drawdown | 15.94 | 12.71 | +3.23 |
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Drawdowns
ETLZ.DE vs. ZPRR.DE - Drawdown Comparison
The maximum ETLZ.DE drawdown since its inception was -58.36%, which is greater than ZPRR.DE's maximum drawdown of -41.22%. Use the drawdown chart below to compare losses from any high point for ETLZ.DE and ZPRR.DE.
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Drawdown Indicators
| ETLZ.DE | ZPRR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.36% | -41.22% | -17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -7.04% | -8.44% | +1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -31.34% | -32.54% | +1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -31.34% | -32.54% | +1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.01% | -41.22% | +0.21% |
Current DrawdownCurrent decline from peak | -2.30% | -2.66% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -10.71% | -9.30% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.35% | 2.89% | -0.54% |
Volatility
ETLZ.DE vs. ZPRR.DE - Volatility Comparison
L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) and SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) have volatilities of 4.22% and 4.43%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ETLZ.DE | ZPRR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 4.43% | -0.21% |
Volatility (6M)Calculated over the trailing 6-month period | 11.22% | 12.47% | -1.25% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.57% | 18.29% | -1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.97% | 21.02% | -1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 21.58% | -0.58% |
ETLZ.DE vs. ZPRR.DE - Expense Ratio Comparison
Both ETLZ.DE and ZPRR.DE have an expense ratio of 0.30%.
Dividends
ETLZ.DE vs. ZPRR.DE - Dividend Comparison
Neither ETLZ.DE nor ZPRR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.98, ETLZ.DE and ZPRR.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ETLZ.DE and ZPRR.DE have the same expense ratio: 0.30% per year.
ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index, while ZPRR.DE tracks Russell 2000®. They also come from different issuers: L&G and State Street.
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