GLDA.DE vs. ZPRV.DE
GLDA.DE (Amundi Physical Gold ETC (C)) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - GLDA.DE is a Gold fund tracking the Gold, 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, GLDA.DE returned 18.65%/yr vs 12.28%/yr for ZPRV.DE. Their -0.00 correlation means they have often moved in opposite directions in the past. GLDA.DE charges 0.12%/yr vs 0.30%/yr for ZPRV.DE.
Performance
GLDA.DE vs. ZPRV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, GLDA.DE achieves a -5.47% return, which is significantly lower than ZPRV.DE's 23.61% return.
GLDA.DE
- 1D
- 0.00%
- 1M
- -2.58%
- 6M
- -15.18%
- YTD
- -5.47%
- 1Y
- 21.05%
- 3Y*
- 26.12%
- 5Y*
- 18.65%
- 10Y*
- —
- ALL TIME*
- 15.52%
ZPRV.DE
- 1D
- -0.18%
- 1M
- 2.44%
- 6M
- 15.23%
- YTD
- 23.61%
- 1Y
- 39.97%
- 3Y*
- 15.97%
- 5Y*
- 12.28%
- 10Y*
- 11.82%
- ALL TIME*
- 10.49%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | €2.06M | €2.09M | €2.29M |
| €1.55M | €1.36M | €1.92M |
GLDA.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
GLDA.DE Amundi Physical Gold ETC (C) | -5.47% | 48.99% | 34.24% | 9.40% | 7.00% | 3.88% | 12.92% | 6.37% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 23.61% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 9.69% |
Correlation
The correlation between GLDA.DE and ZPRV.DE is 0.21, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.21 |
Correlation (3Y) Balances recent behavior with more history. | 0.10 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.05 |
Correlation (All Time) Calculated using the full available price history since Jul 22, 2019 | -0.00 |
The correlation between GLDA.DE and ZPRV.DE shifts across timeframes, from -0.00 (all time) to 0.21 (1 year), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
GLDA.DE vs. ZPRV.DE — Risk / Return Rank
GLDA.DE
ZPRV.DE
GLDA.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Amundi Physical Gold ETC (C) (GLDA.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| GLDA.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.90 | ||
| Sortino ratioReturn per unit of downside risk | -2.56 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.48 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.94 | 6.78 | -5.84 |
| Martin ratioReturn relative to average drawdown | 1.96 | 22.77 | -20.80 |
Loading charts...
Drawdowns
GLDA.DE vs. ZPRV.DE - Drawdown Comparison
The maximum GLDA.DE drawdown since its inception was -22.55%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for GLDA.DE and ZPRV.DE.
Loading charts...
Drawdown Indicators
| GLDA.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -22.55% | -46.04% | +23.49% |
Max Drawdown (1Y)Largest decline over 1 year | -22.55% | -5.87% | -16.68% |
Max Drawdown (3Y)Largest decline over 3 years | -22.55% | -31.14% | +8.59% |
Max Drawdown (5Y)Largest decline over 5 years | -22.55% | -31.14% | +8.59% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -21.79% | -0.37% | -21.42% |
Average DrawdownAverage peak-to-trough decline | -6.14% | -8.46% | +2.32% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 10.74% | 1.75% | +8.99% |
Volatility
GLDA.DE vs. ZPRV.DE - Volatility Comparison
Amundi Physical Gold ETC (C) (GLDA.DE) has a higher volatility of 5.98% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 4.83%. This indicates that GLDA.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.
Loading charts...
Volatility by Period
| GLDA.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.98% | 4.83% | +1.15% |
Volatility (6M)Calculated over the trailing 6-month period | 18.06% | 9.31% | +8.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 24.75% | 14.45% | +10.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.54% | 20.30% | -3.76% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.13% | 22.20% | -6.07% |
GLDA.DE vs. ZPRV.DE - Expense Ratio Comparison
GLDA.DE has a 0.12% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
GLDA.DE vs. ZPRV.DE - Dividend Comparison
Neither GLDA.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
GLDA.DE and ZPRV.DE have a correlation of 0.21, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, GLDA.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
GLDA.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ZPRV.DE.
GLDA.DE is categorized as Gold, while ZPRV.DE is Small Cap Value Equities. GLDA.DE tracks Gold, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.12% for GLDA.DE and 0.30% for ZPRV.DE.
Find the right allocation for GLDA.DE and ZPRV.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer