MWON.DE vs. ZPRR.DE

Last updated Jun 5, 2026

MWON.DE (Amundi S&P SmallCap 600 ESG UCITS ETF Dist) and ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) are both Small Cap Blend Equities funds - MWON.DE tracks the S&P SmallCap 600 ESG+ while ZPRR.DE tracks the Russell 2000®. Both are passively managed. Over the past 3 years, MWON.DE returned 10.44%/yr vs 15.40%/yr for ZPRR.DE. Their correlation of 0.93 suggests significant overlap in exposure. MWON.DE charges 0.35%/yr vs 0.30%/yr for ZPRR.DE.

Performance

MWON.DE vs. ZPRR.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.DE) and SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, MWON.DE achieves a 12.91% return, which is significantly lower than ZPRR.DE's 17.93% return.

MWON.DE

• 1D: 0.91%
• 1M: 2.67%
• YTD: 12.91%
• 6M: 13.12%
• 1Y: 23.32%
• 3Y*: 10.44%
• 5Y*: —
• 10Y*: —

ZPRR.DE

• 1D: 0.93%
• 1M: 4.09%
• YTD: 17.93%
• 6M: 16.88%
• 1Y: 38.46%
• 3Y*: 15.40%
• 5Y*: 7.11%
• 10Y*: 10.37%

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

MWON.DE vs. ZPRR.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist	12.91%	-7.43%	13.55%	11.44%
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF	17.93%	1.37%	15.82%	10.20%

Correlation

The correlation between MWON.DE and ZPRR.DE is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.88
Correlation (3Y) Calculated over the trailing 3-year period	0.93
Correlation (All Time) Calculated using the full available price history since Jan 23, 2023	0.93

The correlation between MWON.DE and ZPRR.DE has been stable across timeframes, ranging from 0.88 to 0.93 - a consistent structural relationship.

Return for Risk

MWON.DE vs. ZPRR.DE — Risk / Return Rank

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

MWON.DE

MWON.DE Risk / Return Rank: 45
MWON.DE Sharpe Ratio Rank: 40
MWON.DE Sortino Ratio Rank: 40
MWON.DE Omega Ratio Rank: 38
MWON.DE Calmar Ratio Rank: 55
MWON.DE Martin Ratio Rank: 50

ZPRR.DE

ZPRR.DE Risk / Return Rank: 68
ZPRR.DE Sharpe Ratio Rank: 64
ZPRR.DE Sortino Ratio Rank: 63
ZPRR.DE Omega Ratio Rank: 58
ZPRR.DE Calmar Ratio Rank: 84
ZPRR.DE Martin Ratio Rank: 72

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.

MWON.DE vs. ZPRR.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.DE) and SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.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.

	MWON.DE	ZPRR.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.38	2.10	-0.73
Sortino ratio: Return per unit of downside risk	2.02	2.89	-0.87
Omega ratio: Gain probability vs. loss probability	1.25	1.35	-0.11
Calmar ratio: Return relative to maximum drawdown	2.67	4.53	-1.87
Martin ratio: Return relative to average drawdown	8.28	13.24	-4.97
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

MWON.DE vs. ZPRR.DE - Sharpe Ratio Comparison

The current MWON.DE Sharpe Ratio is 1.38, which is lower than the ZPRR.DE Sharpe Ratio of 2.10. The chart below compares the historical Sharpe Ratios of MWON.DE and ZPRR.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

	MWON.DE	ZPRR.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.38	2.10	-0.73
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	—	0.33	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.48	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.48	-0.04

Drawdowns

MWON.DE vs. ZPRR.DE - Drawdown Comparison

The maximum MWON.DE drawdown since its inception was -32.42%, smaller than the maximum ZPRR.DE drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for MWON.DE and ZPRR.DE.

Drawdown Indicators

	MWON.DE	ZPRR.DE	Difference
Max Drawdown Largest peak-to-trough decline	-32.42%	-41.20%	+8.78%
Max Drawdown (1Y) Largest decline over 1 year	-8.71%	-8.44%	-0.27%
Max Drawdown (3Y) Largest decline over 3 years	-32.42%	-32.54%	+0.12%
Max Drawdown (5Y) Largest decline over 5 years	—	-32.54%	—
Max Drawdown (10Y) Largest decline over 10 years	—	-41.20%	—
Current Drawdown Current decline from peak	-4.82%	0.00%	-4.82%
Average Drawdown Average peak-to-trough decline	-9.99%	-9.39%	-0.60%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.81%	2.90%	-0.09%

Volatility

MWON.DE vs. ZPRR.DE - Volatility Comparison

The current volatility for Amundi S&P SmallCap 600 ESG UCITS ETF Dist (MWON.DE) is 4.21%, while SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a volatility of 5.38%. This indicates that MWON.DE experiences smaller price fluctuations and is considered to be less risky than ZPRR.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	MWON.DE	ZPRR.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.21%	5.38%	-1.17%
Volatility (6M) Calculated over the trailing 6-month period	11.41%	12.26%	-0.85%
Volatility (1Y) Calculated over the trailing 1-year period	16.85%	18.20%	-1.35%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	19.61%	20.98%	-1.37%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	19.61%	21.60%	-1.99%

MWON.DE vs. ZPRR.DE - Expense Ratio Comparison

MWON.DE has a 0.35% expense ratio, which is higher than ZPRR.DE's 0.30% expense ratio.

Dividends

MWON.DE vs. ZPRR.DE - Dividend Comparison

MWON.DE's dividend yield for the trailing twelve months is around 0.78%, while ZPRR.DE has not paid dividends to shareholders.

Position	TTM	2025	2024
MWON.DE Amundi S&P SmallCap 600 ESG UCITS ETF Dist	0.78%	1.11%	0.80%
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both MWON.DE and ZPRR.DE in my portfolio?

MWON.DE and ZPRR.DE have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, MWON.DE or ZPRR.DE?

On fees, ZPRR.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, MWON.DE or ZPRR.DE?

ZPRR.DE is cheaper with a 0.30% expense ratio, compared with 0.35% for MWON.DE.

What is the main difference between MWON.DE and ZPRR.DE?

MWON.DE tracks S&P SmallCap 600 ESG+, while ZPRR.DE tracks Russell 2000®. They also come from different issuers: Amundi and State Street. Their fees differ too: 0.35% for MWON.DE and 0.30% for ZPRR.DE.