SPFE.DE vs. ZPRV.DE
SPFE.DE (SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPFE.DE is a Global Bonds fund tracking the Bloomberg Global Aggregate Bond (EUR Hedged), 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, SPFE.DE returned -1.22%/yr vs 10.67%/yr for ZPRV.DE. At a correlation of -0.03, they often move in opposite directions. SPFE.DE charges 0.10%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPFE.DE vs. ZPRV.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, SPFE.DE achieves a -0.14% return, which is significantly lower than ZPRV.DE's 14.58% return.
SPFE.DE
- 1D
- 0.23%
- 1M
- 0.22%
- YTD
- -0.14%
- 6M
- -0.29%
- 1Y
- 1.30%
- 3Y*
- 2.19%
- 5Y*
- -1.22%
- 10Y*
- —
ZPRV.DE
- 1D
- 0.77%
- 1M
- 2.26%
- YTD
- 14.58%
- 6M
- 14.63%
- 1Y
- 34.42%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SPFE.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | -0.14% | 2.59% | 1.43% | 4.36% | -13.18% | -2.30% | 3.75% | 5.90% | 0.18% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -6.43% |
Correlation
The correlation between SPFE.DE and ZPRV.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.20 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2018 | -0.03 |
The correlation between SPFE.DE and ZPRV.DE shifts across timeframes, from -0.03 (all time) to 0.24 (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
SPFE.DE vs. ZPRV.DE — Risk / Return Rank
SPFE.DE
ZPRV.DE
SPFE.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.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.
| SPFE.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.77 | ||
| Sortino ratioReturn per unit of downside risk | -2.36 | ||
| Omega ratioGain probability vs. loss probability | 1.07 | 1.38 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | 0.47 | 5.84 | -5.36 |
| Martin ratioReturn relative to average drawdown | 1.36 | 17.49 | -16.13 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| SPFE.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.40 | 2.17 | -1.77 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.27 | 0.52 | -0.78 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.47 | -0.43 |
Drawdowns
SPFE.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPFE.DE drawdown since its inception was -17.25%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPFE.DE and ZPRV.DE.
Loading charts...
Drawdown Indicators
| SPFE.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.25% | -46.04% | +28.79% |
Max Drawdown (1Y)Largest decline over 1 year | -2.73% | -5.87% | +3.14% |
Max Drawdown (3Y)Largest decline over 3 years | -3.98% | -31.14% | +27.16% |
Max Drawdown (5Y)Largest decline over 5 years | -16.61% | -31.14% | +14.53% |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -8.27% | 0.00% | -8.27% |
Average DrawdownAverage peak-to-trough decline | -6.51% | -8.34% | +1.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.95% | 1.96% | -1.01% |
Volatility
SPFE.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged (SPFE.DE) is 1.55%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SPFE.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.
Loading charts...
Volatility by Period
| SPFE.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.55% | 3.39% | -1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 2.67% | 9.42% | -6.75% |
Volatility (1Y)Calculated over the trailing 1-year period | 3.23% | 15.78% | -12.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 4.55% | 20.38% | -15.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 4.06% | 22.56% | -18.50% |
SPFE.DE vs. ZPRV.DE - Expense Ratio Comparison
SPFE.DE has a 0.10% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPFE.DE vs. ZPRV.DE - Dividend Comparison
SPFE.DE's dividend yield for the trailing twelve months is around 3.12%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|---|
SPFE.DE SPDR Bloomberg Global Aggregate Bond UCITS ETF EUR Hedged | 3.12% | 3.07% | 2.78% | 1.96% | 1.51% | 1.20% | 1.49% | 2.15% | 0.77% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPFE.DE and ZPRV.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPFE.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPFE.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRV.DE.
SPFE.DE is categorized as Global Bonds, while ZPRV.DE is Small Cap Value Equities. SPFE.DE tracks Bloomberg Global Aggregate Bond (EUR Hedged), while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.10% for SPFE.DE and 0.30% for ZPRV.DE.
Find the right allocation for SPFE.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