EUNK.DE vs. ZPRS.DE
EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - EUNK.DE is a Europe Equities fund tracking the MSCI Europe, while ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 10 years, EUNK.DE returned 9.91%/yr vs 10.21%/yr for ZPRS.DE. A 0.79 correlation means they provide meaningful diversification when combined. EUNK.DE charges 0.12%/yr vs 0.45%/yr for ZPRS.DE.
Performance
EUNK.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNK.DE achieves a 9.43% return, which is significantly lower than ZPRS.DE's 15.99% return. Both investments have delivered pretty close results over the past 10 years, with EUNK.DE having a 9.91% annualized return and ZPRS.DE not far ahead at 10.21%.
EUNK.DE
- 1D
- 0.29%
- 1M
- 5.62%
- YTD
- 9.43%
- 6M
- 11.71%
- 1Y
- 19.31%
- 3Y*
- 13.84%
- 5Y*
- 10.02%
- 10Y*
- 9.91%
ZPRS.DE
- 1D
- -0.48%
- 1M
- 4.91%
- YTD
- 15.99%
- 6M
- 17.57%
- 1Y
- 31.87%
- 3Y*
- 14.65%
- 5Y*
- 7.87%
- 10Y*
- 10.21%
EUNK.DE vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 9.43% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 15.99% | 7.37% | 13.79% | 12.57% | -14.08% | 25.40% | 5.40% | 30.21% | -11.45% | 7.16% |
Correlation
The correlation between EUNK.DE and ZPRS.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 25, 2013 | 0.79 |
The correlation between EUNK.DE and ZPRS.DE has been stable across timeframes, ranging from 0.72 to 0.79 - a consistent structural relationship.
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Return for Risk
EUNK.DE vs. ZPRS.DE — Risk / Return Rank
EUNK.DE
ZPRS.DE
EUNK.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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.
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.
| EUNK.DE | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.78 | ||
| Sortino ratioReturn per unit of downside risk | -1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.39 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 2.02 | 4.40 | -2.38 |
| Martin ratioReturn relative to average drawdown | 7.69 | 16.78 | -9.09 |
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Drawdowns
EUNK.DE vs. ZPRS.DE - Drawdown Comparison
The maximum EUNK.DE drawdown since its inception was -35.44%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for EUNK.DE and ZPRS.DE.
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Drawdown Indicators
| EUNK.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.44% | -40.22% | +4.78% |
Max Drawdown (1Y)Largest decline over 1 year | -9.52% | -7.22% | -2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -16.58% | -24.49% | +7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -19.45% | -24.49% | +5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -35.44% | -40.22% | +4.78% |
Current DrawdownCurrent decline from peak | 0.00% | -0.48% | +0.48% |
Average DrawdownAverage peak-to-trough decline | -5.30% | -8.85% | +3.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.50% | 1.89% | +0.61% |
Volatility
EUNK.DE vs. ZPRS.DE - Volatility Comparison
iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) have volatilities of 3.64% and 3.67%, 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
| EUNK.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.64% | 3.67% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.77% | 10.05% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.96% | 14.04% | -1.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.22% | 16.61% | -2.39% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.44% | 18.00% | -2.56% |
EUNK.DE vs. ZPRS.DE - Expense Ratio Comparison
EUNK.DE has a 0.12% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
EUNK.DE vs. ZPRS.DE - Dividend Comparison
Neither EUNK.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNK.DE and ZPRS.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for ZPRS.DE.
EUNK.DE is categorized as Europe Equities, while ZPRS.DE is Global Equities. EUNK.DE tracks MSCI Europe, while ZPRS.DE tracks MSCI World Small Cap. They also come from different issuers: iShares and State Street. Their fees differ too: 0.12% for EUNK.DE and 0.45% for ZPRS.DE.
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