EXSE.DE vs. ZPRW.DE
EXSE.DE (iShares STOXX Europe Small 200 UCITS ETF (DE)) and ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) are both Europe Equities funds - EXSE.DE tracks the STOXX® Europe Small 200 while ZPRW.DE tracks the MSCI Europe Value Exposure Select. Both are passively managed. Over the past 10 years, EXSE.DE returned 7.21%/yr vs 10.74%/yr for ZPRW.DE. A 0.73 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
EXSE.DE vs. ZPRW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, EXSE.DE achieves a 7.33% return, which is significantly lower than ZPRW.DE's 11.85% return. Over the past 10 years, EXSE.DE has underperformed ZPRW.DE with an annualized return of 7.21%, while ZPRW.DE has yielded a comparatively higher 10.74% annualized return.
EXSE.DE
- 1D
- 0.55%
- 1M
- 1.10%
- YTD
- 7.33%
- 6M
- 10.98%
- 1Y
- 15.08%
- 3Y*
- 11.63%
- 5Y*
- 3.52%
- 10Y*
- 7.21%
ZPRW.DE
- 1D
- 0.72%
- 1M
- 1.75%
- YTD
- 11.85%
- 6M
- 15.17%
- 1Y
- 30.32%
- 3Y*
- 20.72%
- 5Y*
- 13.99%
- 10Y*
- 10.74%
EXSE.DE vs. ZPRW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 7.33% | 18.59% | 3.15% | 12.44% | -23.69% | 22.14% | 4.50% | 30.93% | -13.60% | 17.93% |
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 11.85% | 35.70% | 8.86% | 13.72% | -4.74% | 27.39% | -7.65% | 23.73% | -14.98% | 10.96% |
Correlation
The correlation between EXSE.DE and ZPRW.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.80 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.70 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2015 | 0.73 |
The correlation between EXSE.DE and ZPRW.DE shifts across timeframes, from 0.70 (10 years) to 0.82 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
EXSE.DE vs. ZPRW.DE — Risk / Return Rank
EXSE.DE
ZPRW.DE
EXSE.DE vs. ZPRW.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) and SPDR MSCI Europe Value UCITS ETF (ZPRW.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.
| EXSE.DE | ZPRW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.47 | ||
| Omega ratioGain probability vs. loss probability | 1.21 | 1.41 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.49 | 3.33 | -1.84 |
| Martin ratioReturn relative to average drawdown | 5.48 | 12.39 | -6.91 |
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
| EXSE.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.16 | 2.28 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.21 | 0.93 | -0.72 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.41 | 0.61 | -0.19 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.45 | -0.06 |
Drawdowns
EXSE.DE vs. ZPRW.DE - Drawdown Comparison
The maximum EXSE.DE drawdown since its inception was -62.51%, which is greater than ZPRW.DE's maximum drawdown of -39.54%. Use the drawdown chart below to compare losses from any high point for EXSE.DE and ZPRW.DE.
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Drawdown Indicators
| EXSE.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -62.51% | -39.54% | -22.97% |
Max Drawdown (1Y)Largest decline over 1 year | -10.36% | -9.27% | -1.09% |
Max Drawdown (3Y)Largest decline over 3 years | -15.61% | -17.04% | +1.43% |
Max Drawdown (5Y)Largest decline over 5 years | -35.13% | -18.41% | -16.72% |
Max Drawdown (10Y)Largest decline over 10 years | -38.03% | -39.54% | +1.51% |
Current DrawdownCurrent decline from peak | -1.14% | -1.75% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -12.96% | -6.92% | -6.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.82% | 2.50% | +0.32% |
Volatility
EXSE.DE vs. ZPRW.DE - Volatility Comparison
The current volatility for iShares STOXX Europe Small 200 UCITS ETF (DE) (EXSE.DE) is 3.72%, while SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a volatility of 4.40%. This indicates that EXSE.DE experiences smaller price fluctuations and is considered to be less risky than ZPRW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EXSE.DE | ZPRW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.72% | 4.40% | -0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 10.87% | 10.84% | +0.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.33% | 13.53% | -0.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.91% | 14.89% | +2.02% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.34% | 17.54% | -0.20% |
EXSE.DE vs. ZPRW.DE - Expense Ratio Comparison
Both EXSE.DE and ZPRW.DE have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
EXSE.DE vs. ZPRW.DE - Dividend Comparison
EXSE.DE's dividend yield for the trailing twelve months is around 2.67%, while ZPRW.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSE.DE iShares STOXX Europe Small 200 UCITS ETF (DE) | 2.67% | 2.91% | 2.58% | 2.29% | 2.59% | 1.43% | 1.25% | 2.13% | 2.59% | 3.45% | 2.83% | 2.87% |
ZPRW.DE SPDR MSCI Europe Value 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
EXSE.DE and ZPRW.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
EXSE.DE and ZPRW.DE have the same expense ratio: 0.20% per year.
EXSE.DE tracks STOXX® Europe Small 200, while ZPRW.DE tracks MSCI Europe Value Exposure Select. They also come from different issuers: iShares and State Street.
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