FNCL.L vs. ZPRV.DE
Compare and contrast key facts about SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE).
FNCL.L and ZPRV.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FNCL.L is a passively managed fund by State Street that tracks the performance of the MSCI World/Financials NR USD. It was launched on Dec 5, 2014. ZPRV.DE is a passively managed fund by State Street that tracks the performance of the MSCI USA Small Cap Value Weighted Index. It was launched on Feb 18, 2015. Both FNCL.L and ZPRV.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Performance
FNCL.L vs. ZPRV.DE - Performance Comparison
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FNCL.L vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
FNCL.L SPDR® MSCI Europe Financials UCITS ETF | -6.62% | 47.03% | 25.92% | 21.19% | -1.89% | 28.62% | -15.42% | 22.23% | -18.97% | 12.71% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 4.32% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | -3.75% |
Returns By Period
In the year-to-date period, FNCL.L achieves a -6.62% return, which is significantly lower than ZPRV.DE's 4.32% return. Both investments have delivered pretty close results over the past 10 years, with FNCL.L having a 11.65% annualized return and ZPRV.DE not far behind at 11.15%.
FNCL.L
- 1D
- 0.70%
- 1M
- -8.34%
- YTD
- -6.62%
- 6M
- 2.86%
- 1Y
- 17.71%
- 3Y*
- 26.21%
- 5Y*
- 18.18%
- 10Y*
- 11.65%
ZPRV.DE
- 1D
- -0.62%
- 1M
- -2.21%
- YTD
- 4.32%
- 6M
- 10.07%
- 1Y
- 18.59%
- 3Y*
- 13.34%
- 5Y*
- 9.35%
- 10Y*
- 11.15%
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FNCL.L vs. ZPRV.DE - Expense Ratio Comparison
FNCL.L has a 0.18% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Return for Risk
FNCL.L vs. ZPRV.DE — Risk / Return Rank
FNCL.L
ZPRV.DE
FNCL.L vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) 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.
| FNCL.L | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe ratioReturn per unit of total volatility | 0.90 | 0.86 | +0.04 |
Sortino ratioReturn per unit of downside risk | 1.24 | 1.23 | +0.01 |
Omega ratioGain probability vs. loss probability | 1.18 | 1.18 | 0.00 |
Calmar ratioReturn relative to maximum drawdown | 1.13 | 1.05 | +0.08 |
Martin ratioReturn relative to average drawdown | 4.21 | 4.28 | -0.06 |
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
| FNCL.L | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.90 | 0.86 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.98 | 0.45 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.55 | 0.51 | +0.05 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.42 | 0.43 | -0.02 |
Correlation
The correlation between FNCL.L and ZPRV.DE is 0.54, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.
Dividends
FNCL.L vs. ZPRV.DE - Dividend Comparison
Neither FNCL.L nor ZPRV.DE has paid dividends to shareholders.
Drawdowns
FNCL.L vs. ZPRV.DE - Drawdown Comparison
The maximum FNCL.L drawdown since its inception was -45.18%, roughly equal to the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for FNCL.L and ZPRV.DE.
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Drawdown Indicators
| FNCL.L | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.18% | -46.04% | +0.86% |
Max Drawdown (1Y)Largest decline over 1 year | -14.85% | -16.83% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -23.05% | -31.14% | +8.09% |
Max Drawdown (10Y)Largest decline over 10 years | -45.18% | -46.04% | +0.86% |
Current DrawdownCurrent decline from peak | -10.07% | -3.92% | -6.15% |
Average DrawdownAverage peak-to-trough decline | -10.50% | -8.47% | -2.03% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.99% | 4.14% | -0.15% |
Volatility
FNCL.L vs. ZPRV.DE - Volatility Comparison
SPDR® MSCI Europe Financials UCITS ETF (FNCL.L) has a higher volatility of 7.84% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 4.50%. This indicates that FNCL.L'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
| FNCL.L | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.84% | 4.50% | +3.34% |
Volatility (6M)Calculated over the trailing 6-month period | 12.63% | 11.27% | +1.36% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.70% | 21.47% | -1.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.53% | 20.63% | -2.10% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.00% | 22.73% | -1.73% |