IS3S.DE vs. ZPRX.DE
IS3S.DE (iShares Edge MSCI World Value Factor UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - IS3S.DE is a Global Equities fund tracking the MSCI World Enhanced Value, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, IS3S.DE returned 13.06%/yr vs 8.79%/yr for ZPRX.DE. A 0.78 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
IS3S.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3S.DE achieves a 36.34% return, which is significantly higher than ZPRX.DE's 8.58% return. Over the past 10 years, IS3S.DE has outperformed ZPRX.DE with an annualized return of 13.06%, while ZPRX.DE has yielded a comparatively lower 8.79% annualized return.
IS3S.DE
- 1D
- 1.23%
- 1M
- 8.96%
- YTD
- 36.34%
- 6M
- 38.27%
- 1Y
- 65.13%
- 3Y*
- 26.01%
- 5Y*
- 17.56%
- 10Y*
- 13.06%
ZPRX.DE
- 1D
- 0.45%
- 1M
- 3.87%
- YTD
- 8.58%
- 6M
- 11.26%
- 1Y
- 19.08%
- 3Y*
- 14.83%
- 5Y*
- 8.17%
- 10Y*
- 8.79%
IS3S.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3S.DE iShares Edge MSCI World Value Factor UCITS ETF | 36.34% | 25.13% | 11.36% | 15.62% | -4.81% | 30.35% | -12.53% | 22.01% | -10.32% | 7.66% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 8.58% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 12.89% |
Correlation
The correlation between IS3S.DE and ZPRX.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 | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.78 |
The correlation between IS3S.DE and ZPRX.DE has been stable across timeframes, ranging from 0.69 to 0.78 - a consistent structural relationship.
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Return for Risk
IS3S.DE vs. ZPRX.DE — Risk / Return Rank
IS3S.DE
ZPRX.DE
IS3S.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| IS3S.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.11 | ||
| Sortino ratioReturn per unit of downside risk | +4.03 | ||
| Omega ratioGain probability vs. loss probability | 1.80 | 1.24 | +0.56 |
| Calmar ratioReturn relative to maximum drawdown | 10.63 | 1.63 | +9.00 |
| Martin ratioReturn relative to average drawdown | 38.66 | 6.01 | +32.65 |
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Drawdowns
IS3S.DE vs. ZPRX.DE - Drawdown Comparison
The maximum IS3S.DE drawdown since its inception was -35.19%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for IS3S.DE and ZPRX.DE.
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Drawdown Indicators
| IS3S.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.19% | -43.93% | +8.74% |
Max Drawdown (1Y)Largest decline over 1 year | -6.09% | -11.63% | +5.54% |
Max Drawdown (3Y)Largest decline over 3 years | -17.78% | -15.95% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -17.78% | -27.52% | +9.74% |
Max Drawdown (10Y)Largest decline over 10 years | -35.19% | -43.93% | +8.74% |
Current DrawdownCurrent decline from peak | -0.04% | -0.81% | +0.77% |
Average DrawdownAverage peak-to-trough decline | -6.95% | -7.69% | +0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.68% | 3.17% | -1.49% |
Volatility
IS3S.DE vs. ZPRX.DE - Volatility Comparison
iShares Edge MSCI World Value Factor UCITS ETF (IS3S.DE) has a higher volatility of 5.47% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 3.87%. This indicates that IS3S.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3S.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.47% | 3.87% | +1.60% |
Volatility (6M)Calculated over the trailing 6-month period | 12.08% | 11.49% | +0.59% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.53% | 14.06% | +0.47% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.98% | 16.72% | -2.74% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.67% | 18.09% | -1.42% |
IS3S.DE vs. ZPRX.DE - Expense Ratio Comparison
Both IS3S.DE and ZPRX.DE have an expense ratio of 0.30%.
Dividends
IS3S.DE vs. ZPRX.DE - Dividend Comparison
Neither IS3S.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3S.DE and ZPRX.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.
IS3S.DE and ZPRX.DE have the same expense ratio: 0.30% per year.
IS3S.DE is categorized as Global Equities, while ZPRX.DE is Europe Equities. IS3S.DE tracks MSCI World Enhanced Value, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. They also come from different issuers: iShares and State Street.
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