SPPX.DE vs. ZPRV.DE
SPPX.DE (SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPPX.DE is a Government Bonds fund tracking the Bloomberg US 10+ Year Treasury Bond, 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, SPPX.DE returned -1.29%/yr vs 11.63%/yr for ZPRV.DE. At a correlation of -0.08, they often move in opposite directions. SPPX.DE charges 0.15%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPPX.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPPX.DE achieves a 0.87% return, which is significantly lower than ZPRV.DE's 14.58% return. Over the past 10 years, SPPX.DE has underperformed ZPRV.DE with an annualized return of -1.29%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
SPPX.DE
- 1D
- 0.30%
- 1M
- 1.41%
- YTD
- 0.87%
- 6M
- -0.50%
- 1Y
- 2.52%
- 3Y*
- -3.23%
- 5Y*
- -4.30%
- 10Y*
- -1.29%
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%
SPPX.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 0.87% | -6.01% | -0.89% | -0.77% | -24.28% | 3.04% | 6.14% | 17.91% | 2.68% | -4.61% |
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% | -11.78% | -3.75% |
Correlation
The correlation between SPPX.DE and ZPRV.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.18 |
Correlation (5Y) Calculated over the trailing 5-year period | -0.01 |
Correlation (10Y) Calculated over the trailing 10-year period | -0.08 |
Correlation (All Time) Calculated using the full available price history since Feb 19, 2016 | -0.08 |
The correlation between SPPX.DE and ZPRV.DE shifts across timeframes, from -0.08 (10 years) to 0.18 (3 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPPX.DE vs. ZPRV.DE — Risk / Return Rank
SPPX.DE
ZPRV.DE
SPPX.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.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.
| SPPX.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.89 | ||
| Sortino ratioReturn per unit of downside risk | -2.51 | ||
| Omega ratioGain probability vs. loss probability | 1.05 | 1.38 | -0.33 |
| Calmar ratioReturn relative to maximum drawdown | 0.40 | 5.84 | -5.44 |
| Martin ratioReturn relative to average drawdown | 0.87 | 17.49 | -16.62 |
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
| SPPX.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.28 | 2.17 | -1.89 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | -0.30 | 0.52 | -0.81 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | -0.09 | 0.53 | -0.62 |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.09 | 0.47 | -0.56 |
Drawdowns
SPPX.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPPX.DE drawdown since its inception was -44.56%, roughly equal to the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPPX.DE and ZPRV.DE.
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Drawdown Indicators
| SPPX.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.56% | -46.04% | +1.48% |
Max Drawdown (1Y)Largest decline over 1 year | -6.31% | -5.87% | -0.44% |
Max Drawdown (3Y)Largest decline over 3 years | -16.55% | -31.14% | +14.59% |
Max Drawdown (5Y)Largest decline over 5 years | -36.53% | -31.14% | -5.39% |
Max Drawdown (10Y)Largest decline over 10 years | -44.56% | -46.04% | +1.48% |
Current DrawdownCurrent decline from peak | -40.79% | 0.00% | -40.79% |
Average DrawdownAverage peak-to-trough decline | -22.39% | -8.34% | -14.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.96% | +0.94% |
Volatility
SPPX.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF (SPPX.DE) is 2.37%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SPPX.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
| SPPX.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.37% | 3.39% | -1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 6.11% | 9.42% | -3.31% |
Volatility (1Y)Calculated over the trailing 1-year period | 8.91% | 15.78% | -6.87% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.34% | 20.38% | -6.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.51% | 22.56% | -8.05% |
SPPX.DE vs. ZPRV.DE - Expense Ratio Comparison
SPPX.DE has a 0.15% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPPX.DE vs. ZPRV.DE - Dividend Comparison
SPPX.DE's dividend yield for the trailing twelve months is around 4.60%, while ZPRV.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
SPPX.DE SPDR Bloomberg 10+ Year US Treasury Bond UCITS ETF | 4.60% | 4.77% | 4.11% | 3.16% | 2.57% | 1.63% | 2.07% | 2.42% | 2.38% | 2.77% | 1.07% |
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% | 0.00% | 0.00% |
Frequently Asked Questions
SPPX.DE and ZPRV.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPX.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPX.DE is cheaper with a 0.15% expense ratio, compared with 0.30% for ZPRV.DE.
SPPX.DE is categorized as Government Bonds, while ZPRV.DE is Small Cap Value Equities. SPPX.DE tracks Bloomberg US 10+ Year Treasury Bond, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.15% for SPPX.DE and 0.30% for ZPRV.DE.
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