FUSA.DE vs. ZPRV.DE

Last updated Jun 5, 2026

FUSA.DE (Fidelity US Quality Income UCITS ETF Acc) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - FUSA.DE is a Large Cap Value Equities fund tracking the Fidelity US Quality Income NR USD, 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 5 years, FUSA.DE returned 12.78%/yr vs 10.67%/yr for ZPRV.DE. A 0.77 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

FUSA.DE vs. ZPRV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Fidelity US Quality Income UCITS ETF Acc (FUSA.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FUSA.DE achieves a 8.98% return, which is significantly lower than ZPRV.DE's 14.58% return.

FUSA.DE

• 1D: -0.10%
• 1M: 3.18%
• YTD: 8.98%
• 6M: 8.57%
• 1Y: 21.54%
• 3Y*: 14.80%
• 5Y*: 12.78%
• 10Y*: —

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%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FUSA.DE vs. ZPRV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FUSA.DE Fidelity US Quality Income UCITS ETF Acc	8.98%	3.93%	24.26%	14.29%	-5.73%	37.53%	1.62%	35.26%	-0.02%	3.04%
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%	-1.12%

Correlation

The correlation between FUSA.DE and ZPRV.DE is 0.69, 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	0.69
Correlation (3Y) Calculated over the trailing 3-year period	0.71
Correlation (5Y) Calculated over the trailing 5-year period	0.77
Correlation (All Time) Calculated using the full available price history since Apr 4, 2017	0.77

The correlation between FUSA.DE and ZPRV.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.

Return for Risk

FUSA.DE vs. ZPRV.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FUSA.DE

FUSA.DE Risk / Return Rank: 71
FUSA.DE Sharpe Ratio Rank: 64
FUSA.DE Sortino Ratio Rank: 66
FUSA.DE Omega Ratio Rank: 66
FUSA.DE Calmar Ratio Rank: 80
FUSA.DE Martin Ratio Rank: 80

ZPRV.DE

ZPRV.DE Risk / Return Rank: 74
ZPRV.DE Sharpe Ratio Rank: 66
ZPRV.DE Sortino Ratio Rank: 65
ZPRV.DE Omega Ratio Rank: 64
ZPRV.DE Calmar Ratio Rank: 91
ZPRV.DE Martin Ratio Rank: 85

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FUSA.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Fidelity US Quality Income UCITS ETF Acc (FUSA.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.

	FUSA.DE	ZPRV.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.10	2.17	-0.07
Sortino ratio: Return per unit of downside risk	3.00	2.98	+0.03
Omega ratio: Gain probability vs. loss probability	1.39	1.38	+0.01
Calmar ratio: Return relative to maximum drawdown	4.08	5.84	-1.76
Martin ratio: Return relative to average drawdown	15.57	17.49	-1.92
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FUSA.DE vs. ZPRV.DE - Sharpe Ratio Comparison

The current FUSA.DE Sharpe Ratio is 2.10, which is comparable to the ZPRV.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of FUSA.DE and ZPRV.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FUSA.DE	ZPRV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.10	2.17	-0.07
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.91	0.52	+0.39
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.80	0.47	+0.33

Drawdowns

FUSA.DE vs. ZPRV.DE - Drawdown Comparison

The maximum FUSA.DE drawdown since its inception was -35.37%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for FUSA.DE and ZPRV.DE.

Drawdown Indicators

	FUSA.DE	ZPRV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-35.37%	-46.04%	+10.67%
Max Drawdown (1Y) Largest decline over 1 year	-5.24%	-5.87%	+0.63%
Max Drawdown (3Y) Largest decline over 3 years	-21.86%	-31.14%	+9.28%
Max Drawdown (5Y) Largest decline over 5 years	-21.86%	-31.14%	+9.28%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.04%	—
Current Drawdown Current decline from peak	-0.13%	0.00%	-0.13%
Average Drawdown Average peak-to-trough decline	-4.19%	-8.34%	+4.15%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.38%	1.96%	-0.58%

Volatility

FUSA.DE vs. ZPRV.DE - Volatility Comparison

The current volatility for Fidelity US Quality Income UCITS ETF Acc (FUSA.DE) is 2.49%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that FUSA.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.

Volatility by Period

	FUSA.DE	ZPRV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.49%	3.39%	-0.90%
Volatility (6M) Calculated over the trailing 6-month period	6.52%	9.42%	-2.90%
Volatility (1Y) Calculated over the trailing 1-year period	10.16%	15.78%	-5.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	13.91%	20.38%	-6.47%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.65%	22.56%	-6.91%

FUSA.DE vs. ZPRV.DE - Expense Ratio Comparison

Both FUSA.DE and ZPRV.DE have an expense ratio of 0.30%.

Dividends

FUSA.DE vs. ZPRV.DE - Dividend Comparison

Neither FUSA.DE nor ZPRV.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both FUSA.DE and ZPRV.DE in my portfolio?

FUSA.DE and ZPRV.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, FUSA.DE or ZPRV.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, FUSA.DE or ZPRV.DE?

FUSA.DE and ZPRV.DE have the same expense ratio: 0.30% per year.

What is the main difference between FUSA.DE and ZPRV.DE?

FUSA.DE is categorized as Large Cap Value Equities, while ZPRV.DE is Small Cap Value Equities. FUSA.DE tracks Fidelity US Quality Income NR USD, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: Fidelity and State Street.