SPPY.DE vs. ZPRV.DE

Last updated Jun 5, 2026

SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index, 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, SPPY.DE returned 15.63%/yr vs 10.67%/yr for ZPRV.DE. A 0.67 correlation means they provide meaningful diversification when combined. SPPY.DE charges 0.10%/yr vs 0.30%/yr for ZPRV.DE.

Performance

SPPY.DE vs. ZPRV.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPPY.DE achieves a 11.08% return, which is significantly lower than ZPRV.DE's 14.58% return.

SPPY.DE

• 1D: 0.58%
• 1M: 5.11%
• YTD: 11.08%
• 6M: 11.71%
• 1Y: 28.37%
• 3Y*: 18.87%
• 5Y*: 15.63%
• 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%

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

SPPY.DE vs. ZPRV.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF	11.08%	4.44%	32.87%	26.92%	-14.47%	41.09%	8.04%	4.57%
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%	5.27%

Correlation

The correlation between SPPY.DE and ZPRV.DE is 0.59, 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	0.59
Correlation (3Y) Calculated over the trailing 3-year period	0.59
Correlation (5Y) Calculated over the trailing 5-year period	0.68
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019	0.67

The correlation between SPPY.DE and ZPRV.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.

Return for Risk

SPPY.DE vs. ZPRV.DE — Risk / Return Rank

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

SPPY.DE

SPPY.DE Risk / Return Rank: 78
SPPY.DE Sharpe Ratio Rank: 76
SPPY.DE Sortino Ratio Rank: 75
SPPY.DE Omega Ratio Rank: 76
SPPY.DE Calmar Ratio Rank: 82
SPPY.DE Martin Ratio Rank: 81

ZPRV.DE

ZPRV.DE Risk / Return Rank: 74
ZPRV.DE Sharpe Ratio Rank: 66
ZPRV.DE Sortino Ratio Rank: 65
ZPRV.DE Omega Ratio Rank: 64
ZPRV.DE Calmar Ratio Rank: 91
ZPRV.DE Martin Ratio Rank: 85

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.

SPPY.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.

	SPPY.DE	ZPRV.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.43	2.17	+0.26
Sortino ratio: Return per unit of downside risk	3.33	2.98	+0.35
Omega ratio: Gain probability vs. loss probability	1.44	1.38	+0.06
Calmar ratio: Return relative to maximum drawdown	4.21	5.84	-1.62
Martin ratio: Return relative to average drawdown	16.03	17.49	-1.46
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPPY.DE vs. ZPRV.DE - Sharpe Ratio Comparison

The current SPPY.DE Sharpe Ratio is 2.43, which is comparable to the ZPRV.DE Sharpe Ratio of 2.17. The chart below compares the historical Sharpe Ratios of SPPY.DE and ZPRV.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

	SPPY.DE	ZPRV.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.43	2.17	+0.26
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	1.00	0.52	+0.48
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.53	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.92	0.47	+0.45

Drawdowns

SPPY.DE vs. ZPRV.DE - Drawdown Comparison

The maximum SPPY.DE drawdown since its inception was -33.31%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPPY.DE and ZPRV.DE.

Drawdown Indicators

	SPPY.DE	ZPRV.DE	Difference
Max Drawdown Largest peak-to-trough decline	-33.31%	-46.04%	+12.73%
Max Drawdown (1Y) Largest decline over 1 year	-6.71%	-5.87%	-0.84%
Max Drawdown (3Y) Largest decline over 3 years	-23.82%	-31.14%	+7.32%
Max Drawdown (5Y) Largest decline over 5 years	-23.82%	-31.14%	+7.32%
Max Drawdown (10Y) Largest decline over 10 years	—	-46.04%	—
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-4.84%	-8.34%	+3.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.77%	1.96%	-0.19%

Volatility

SPPY.DE vs. ZPRV.DE - Volatility Comparison

The current volatility for State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) is 2.69%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SPPY.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.

Volatility by Period

	SPPY.DE	ZPRV.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.69%	3.39%	-0.70%
Volatility (6M) Calculated over the trailing 6-month period	7.79%	9.42%	-1.63%
Volatility (1Y) Calculated over the trailing 1-year period	11.62%	15.78%	-4.16%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	15.43%	20.38%	-4.95%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	17.57%	22.56%	-4.99%

SPPY.DE vs. ZPRV.DE - Expense Ratio Comparison

SPPY.DE has a 0.10% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.

Dividends

SPPY.DE vs. ZPRV.DE - Dividend Comparison

Neither SPPY.DE nor ZPRV.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPPY.DE and ZPRV.DE in my portfolio?

SPPY.DE and ZPRV.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPPY.DE or ZPRV.DE?

On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, SPPY.DE or ZPRV.DE?

SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRV.DE.

What is the main difference between SPPY.DE and ZPRV.DE?

SPPY.DE is categorized as S&P 500, while ZPRV.DE is Small Cap Value Equities. SPPY.DE tracks S&P 500 Scored & Screened Leaders Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.10% for SPPY.DE and 0.30% for ZPRV.DE.