IS3Q.DE vs. ZPRV.DE
IS3Q.DE (iShares Edge MSCI World Quality Factor UCITS ETF (Acc)) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality, 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, IS3Q.DE returned 12.23%/yr vs 11.95%/yr for ZPRV.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IS3Q.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3Q.DE achieves a 10.95% return, which is significantly lower than ZPRV.DE's 17.66% return. Both investments have delivered pretty close results over the past 10 years, with IS3Q.DE having a 12.23% annualized return and ZPRV.DE not far behind at 11.95%.
IS3Q.DE
- 1D
- -0.01%
- 1M
- 2.74%
- YTD
- 10.95%
- 6M
- 11.72%
- 1Y
- 23.43%
- 3Y*
- 15.54%
- 5Y*
- 11.31%
- 10Y*
- 12.23%
ZPRV.DE
- 1D
- 0.32%
- 1M
- 5.95%
- YTD
- 17.66%
- 6M
- 17.12%
- 1Y
- 37.03%
- 3Y*
- 16.90%
- 5Y*
- 11.53%
- 10Y*
- 11.95%
IS3Q.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.95% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | -3.47% | 8.34% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 17.66% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
Correlation
The correlation between IS3Q.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 | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.75 |
The correlation between IS3Q.DE and ZPRV.DE shifts across timeframes, from 0.64 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
IS3Q.DE vs. ZPRV.DE — Risk / Return Rank
IS3Q.DE
ZPRV.DE
IS3Q.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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.
| IS3Q.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.25 | ||
| Sortino ratioReturn per unit of downside risk | -0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.73 | 6.57 | -2.84 |
| Martin ratioReturn relative to average drawdown | 15.46 | 20.56 | -5.10 |
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Drawdowns
IS3Q.DE vs. ZPRV.DE - Drawdown Comparison
The maximum IS3Q.DE drawdown since its inception was -32.30%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for IS3Q.DE and ZPRV.DE.
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Drawdown Indicators
| IS3Q.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -32.30% | -46.04% | +13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.33% | -5.87% | -0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -20.63% | -31.14% | +10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -20.63% | -31.14% | +10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -32.30% | -46.04% | +13.74% |
Current DrawdownCurrent decline from peak | -0.13% | -0.33% | +0.20% |
Average DrawdownAverage peak-to-trough decline | -6.25% | -9.10% | +2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 1.88% | -0.35% |
Volatility
IS3Q.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) is 2.32%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 2.83%. This indicates that IS3Q.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
| IS3Q.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.32% | 2.83% | -0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 7.44% | 9.54% | -2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.69% | 15.68% | -4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.15% | 20.36% | -6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 22.85% | -7.03% |
IS3Q.DE vs. ZPRV.DE - Expense Ratio Comparison
Both IS3Q.DE and ZPRV.DE have an expense ratio of 0.30%.
Dividends
IS3Q.DE vs. ZPRV.DE - Dividend Comparison
Neither IS3Q.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3Q.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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
IS3Q.DE and ZPRV.DE have the same expense ratio: 0.30% per year.
IS3Q.DE is categorized as Global Equities, while ZPRV.DE is Small Cap Value Equities. IS3Q.DE tracks MSCI World Sector Neutral Quality, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. They also come from different issuers: iShares and State Street.
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