EXHD.DE vs. ZPRV.DE
EXHD.DE (iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE)) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - EXHD.DE is a European Government Bonds fund tracking the eb.rexx® Government Germany 5.5-10.5, 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, EXHD.DE returned -1.06%/yr vs 11.63%/yr for ZPRV.DE. At a correlation of -0.07, they often move in opposite directions. EXHD.DE charges 0.16%/yr vs 0.30%/yr for ZPRV.DE.
Performance
EXHD.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXHD.DE achieves a -0.51% return, which is significantly lower than ZPRV.DE's 14.58% return. Over the past 10 years, EXHD.DE has underperformed ZPRV.DE with an annualized return of -1.06%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
EXHD.DE
- 1D
- 0.17%
- 1M
- -0.45%
- YTD
- -0.51%
- 6M
- -0.74%
- 1Y
- -0.85%
- 3Y*
- 1.05%
- 5Y*
- -2.82%
- 10Y*
- -1.06%
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%
EXHD.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | -0.51% | -0.38% | -0.04% | 6.26% | -17.27% | -2.39% | 2.08% | 2.53% | 2.35% | -1.12% |
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 EXHD.DE and ZPRV.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.14 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.05 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.07 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | -0.07 |
The correlation between EXHD.DE and ZPRV.DE shifts across timeframes, from -0.07 (all time) to 0.23 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
EXHD.DE vs. ZPRV.DE — Risk / Return Rank
EXHD.DE
ZPRV.DE
EXHD.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.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.
| EXHD.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.48 | ||
| Sortino ratioReturn per unit of downside risk | -3.37 | ||
| Omega ratioGain probability vs. loss probability | 0.95 | 1.38 | -0.43 |
| Calmar ratioReturn relative to maximum drawdown | -0.35 | 5.84 | -6.19 |
| Martin ratioReturn relative to average drawdown | -0.91 | 17.49 | -18.39 |
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
| EXHD.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.31 | 2.17 | -2.48 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.44 | 0.52 | -0.96 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.20 | 0.53 | -0.73 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.47 | -0.14 |
Drawdowns
EXHD.DE vs. ZPRV.DE - Drawdown Comparison
The maximum EXHD.DE drawdown since its inception was -22.41%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for EXHD.DE and ZPRV.DE.
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Drawdown Indicators
| EXHD.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.41% | -46.04% | +23.63% |
Max Drawdown (1Y)Largest decline over 1 year | -3.79% | -5.87% | +2.08% |
Max Drawdown (3Y)Largest decline over 3 years | -4.84% | -31.14% | +26.30% |
Max Drawdown (5Y)Largest decline over 5 years | -20.34% | -31.14% | +10.80% |
Max Drawdown (10Y)Largest decline over 10 years | -22.41% | -46.04% | +23.63% |
Current DrawdownCurrent decline from peak | -17.09% | 0.00% | -17.09% |
Average DrawdownAverage peak-to-trough decline | -5.58% | -8.34% | +2.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.48% | 1.96% | -0.48% |
Volatility
EXHD.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) (EXHD.DE) is 1.99%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that EXHD.DE experiences smaller price fluctuations and is considered to be less risky 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
| EXHD.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.99% | 3.39% | -1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 3.57% | 9.42% | -5.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 4.30% | 15.78% | -11.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 6.35% | 20.38% | -14.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 5.16% | 22.56% | -17.40% |
EXHD.DE vs. ZPRV.DE - Expense Ratio Comparison
EXHD.DE has a 0.16% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
EXHD.DE vs. ZPRV.DE - Dividend Comparison
EXHD.DE's dividend yield for the trailing twelve months is around 1.37%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXHD.DE iShares eb.rexx Government Germany 5.5-10.5yr UCITS ETF (DE) | 1.37% | 1.73% | 1.44% | 0.88% | 1.26% | 1.35% | 1.01% | 0.96% | 1.00% | 1.26% | 1.40% | 1.77% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
EXHD.DE and ZPRV.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EXHD.DE is cheaper at 0.16% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXHD.DE is cheaper with a 0.16% expense ratio, compared with 0.30% for ZPRV.DE.
EXHD.DE is categorized as European Government Bonds, while ZPRV.DE is Small Cap Value Equities. EXHD.DE tracks eb.rexx® Government Germany 5.5-10.5, 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: 0.16% for EXHD.DE and 0.30% for ZPRV.DE.
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