EUNZ.DE vs. ZPRV.DE
EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - EUNZ.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Minimum Volatility, 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 10 years, EUNZ.DE returned 6.20%/yr vs 11.63%/yr for ZPRV.DE. At a 0.47 correlation, their price movements are largely independent. EUNZ.DE charges 0.40%/yr vs 0.30%/yr for ZPRV.DE.
Performance
EUNZ.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EUNZ.DE achieves a 18.69% return, which is significantly higher than ZPRV.DE's 14.58% return. Over the past 10 years, EUNZ.DE has underperformed ZPRV.DE with an annualized return of 6.20%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
EUNZ.DE
- 1D
- -1.19%
- 1M
- 3.85%
- YTD
- 18.69%
- 6M
- 17.92%
- 1Y
- 22.13%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
ZPRV.DE
- 1D
- 0.77%
- 1M
- 1.69%
- YTD
- 14.58%
- 6M
- 14.04%
- 1Y
- 34.68%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
EUNZ.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 15.73% | 3.85% | -8.85% | 13.05% | -2.49% | 10.59% | -1.89% | 11.39% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | -3.75% |
Correlation
The correlation between EUNZ.DE and ZPRV.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.45 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.45 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.50 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.47 |
The correlation between EUNZ.DE and ZPRV.DE has been stable across timeframes, ranging from 0.45 to 0.50 - a consistent structural relationship.
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Return for Risk
EUNZ.DE vs. ZPRV.DE — Risk / Return Rank
EUNZ.DE
ZPRV.DE
EUNZ.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.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.
| EUNZ.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.33 | ||
| Sortino ratioReturn per unit of downside risk | -0.32 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.38 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.00 | 5.84 | -2.84 |
| Martin ratioReturn relative to average drawdown | 10.57 | 17.49 | -6.92 |
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
| EUNZ.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.85 | 2.17 | -0.33 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.56 | 0.52 | +0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.46 | 0.53 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.35 | 0.47 | -0.12 |
Drawdowns
EUNZ.DE vs. ZPRV.DE - Drawdown Comparison
The maximum EUNZ.DE drawdown since its inception was -30.47%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for EUNZ.DE and ZPRV.DE.
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Drawdown Indicators
| EUNZ.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -30.47% | -46.04% | +15.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.50% | -5.87% | -1.63% |
Max Drawdown (3Y)Largest decline over 3 years | -14.00% | -31.14% | +17.14% |
Max Drawdown (5Y)Largest decline over 5 years | -14.00% | -31.14% | +17.14% |
Max Drawdown (10Y)Largest decline over 10 years | -26.15% | -46.04% | +19.89% |
Current DrawdownCurrent decline from peak | -1.96% | 0.00% | -1.96% |
Average DrawdownAverage peak-to-trough decline | -7.62% | -8.34% | +0.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.13% | 1.96% | +0.17% |
Volatility
EUNZ.DE vs. ZPRV.DE - Volatility Comparison
iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) has a higher volatility of 4.75% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.39%. This indicates that EUNZ.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
| EUNZ.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.75% | 3.39% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 9.42% | +0.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.18% | 15.78% | -3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 11.41% | 20.38% | -8.97% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 13.32% | 22.56% | -9.24% |
EUNZ.DE vs. ZPRV.DE - Expense Ratio Comparison
EUNZ.DE has a 0.40% expense ratio, which is higher than ZPRV.DE's 0.30% expense ratio.
Dividends
EUNZ.DE vs. ZPRV.DE - Dividend Comparison
Neither EUNZ.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
EUNZ.DE and ZPRV.DE have a correlation of 0.48, 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 0.40% for EUNZ.DE.
EUNZ.DE is categorized as Emerging Markets Equities, while ZPRV.DE is Small Cap Value Equities. EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: iShares and State Street. Their fees differ too: 0.40% for EUNZ.DE and 0.30% for ZPRV.DE.
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