IS3U.DE vs. ZPRX.DE
IS3U.DE (iShares MSCI France UCITS ETF EUR (Acc)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both Europe Equities funds - IS3U.DE tracks the MSCI France Index while ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, IS3U.DE returned 9.25%/yr vs 8.15%/yr for ZPRX.DE. Their correlation of 0.81 suggests significant overlap in exposure. IS3U.DE charges 0.25%/yr vs 0.30%/yr for ZPRX.DE.
Performance
IS3U.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, IS3U.DE achieves a 3.55% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, IS3U.DE has outperformed ZPRX.DE with an annualized return of 9.25%, while ZPRX.DE has yielded a comparatively lower 8.15% annualized return.
IS3U.DE
- 1D
- 1.13%
- 1M
- 0.06%
- YTD
- 3.55%
- 6M
- 4.27%
- 1Y
- 8.44%
- 3Y*
- 7.55%
- 5Y*
- 7.56%
- 10Y*
- 9.25%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
IS3U.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
IS3U.DE iShares MSCI France UCITS ETF EUR (Acc) | 3.55% | 14.48% | 0.41% | 17.60% | -6.82% | 28.35% | -4.13% | 31.67% | -9.06% | 14.42% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between IS3U.DE and ZPRX.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.81 |
The correlation between IS3U.DE and ZPRX.DE has been stable across timeframes, ranging from 0.77 to 0.81 - a consistent structural relationship.
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Return for Risk
IS3U.DE vs. ZPRX.DE — Risk / Return Rank
IS3U.DE
ZPRX.DE
IS3U.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI France UCITS ETF EUR (Acc) (IS3U.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.
| IS3U.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.65 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.11 | 1.22 | -0.11 |
| Calmar ratioReturn relative to maximum drawdown | 0.76 | 1.47 | -0.71 |
| Martin ratioReturn relative to average drawdown | 2.37 | 5.42 | -3.05 |
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
| IS3U.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.58 | 1.23 | -0.65 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.46 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.45 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.09 |
Drawdowns
IS3U.DE vs. ZPRX.DE - Drawdown Comparison
The maximum IS3U.DE drawdown since its inception was -38.98%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for IS3U.DE and ZPRX.DE.
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Drawdown Indicators
| IS3U.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.98% | -43.93% | +4.95% |
Max Drawdown (1Y)Largest decline over 1 year | -10.86% | -11.63% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -15.91% | -15.95% | +0.04% |
Max Drawdown (5Y)Largest decline over 5 years | -20.82% | -27.52% | +6.70% |
Max Drawdown (10Y)Largest decline over 10 years | -38.98% | -43.93% | +4.95% |
Current DrawdownCurrent decline from peak | -2.54% | -1.51% | -1.03% |
Average DrawdownAverage peak-to-trough decline | -5.84% | -7.71% | +1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.46% | 3.16% | +0.30% |
Volatility
IS3U.DE vs. ZPRX.DE - Volatility Comparison
iShares MSCI France UCITS ETF EUR (Acc) (IS3U.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) have volatilities of 4.25% and 4.17%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| IS3U.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.25% | 4.17% | +0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.24% | 11.30% | -0.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.26% | 13.94% | +0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.21% | 16.69% | -0.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.42% | 18.14% | -0.72% |
IS3U.DE vs. ZPRX.DE - Expense Ratio Comparison
IS3U.DE has a 0.25% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
IS3U.DE vs. ZPRX.DE - Dividend Comparison
Neither IS3U.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
IS3U.DE and ZPRX.DE have a correlation of 0.78, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3U.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3U.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRX.DE.
IS3U.DE tracks MSCI France Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. They also come from different issuers: iShares and State Street. Their fees differ too: 0.25% for IS3U.DE and 0.30% for ZPRX.DE.
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