SPY1.DE vs. ZPRS.DE
SPY1.DE (SPDR S&P 500 Low Volatility UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - SPY1.DE is a S&P 500 fund tracking the S&P 500 Low Volatility, while ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 10 years, SPY1.DE returned 7.35%/yr vs 9.81%/yr for ZPRS.DE. A 0.55 correlation means they provide meaningful diversification when combined. SPY1.DE charges 0.35%/yr vs 0.45%/yr for ZPRS.DE.
Performance
SPY1.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPY1.DE achieves a 2.00% return, which is significantly lower than ZPRS.DE's 14.70% return. Over the past 10 years, SPY1.DE has underperformed ZPRS.DE with an annualized return of 7.35%, while ZPRS.DE has yielded a comparatively higher 9.81% annualized return.
SPY1.DE
- 1D
- -0.18%
- 1M
- -1.34%
- YTD
- 2.00%
- 6M
- 1.72%
- 1Y
- -1.53%
- 3Y*
- 4.28%
- 5Y*
- 5.96%
- 10Y*
- 7.35%
ZPRS.DE
- 1D
- 0.46%
- 1M
- 3.86%
- YTD
- 14.70%
- 6M
- 15.69%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
SPY1.DE vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY1.DE SPDR S&P 500 Low Volatility UCITS ETF | 2.00% | -7.26% | 20.46% | -3.91% | 0.94% | 34.70% | -10.69% | 29.65% | 3.67% | 2.32% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 30.21% | -11.45% | 7.16% |
Correlation
The correlation between SPY1.DE and ZPRS.DE is 0.23, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.23 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.34 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.39 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.55 |
Over the past year, the correlation between SPY1.DE and ZPRS.DE has dropped to 0.23 - well below their long-term average of 0.55, suggesting their price drivers have been diverging.
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Return for Risk
SPY1.DE vs. ZPRS.DE — Risk / Return Rank
SPY1.DE
ZPRS.DE
SPY1.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.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.
| SPY1.DE | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.31 | ||
| Sortino ratioReturn per unit of downside risk | -3.21 | ||
| Omega ratioGain probability vs. loss probability | 0.98 | 1.38 | -0.39 |
| Calmar ratioReturn relative to maximum drawdown | -0.23 | 4.14 | -4.37 |
| Martin ratioReturn relative to average drawdown | -0.48 | 15.60 | -16.09 |
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
| SPY1.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.15 | 2.16 | -2.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.47 | 0.00 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.52 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.69 | 0.60 | +0.09 |
Drawdowns
SPY1.DE vs. ZPRS.DE - Drawdown Comparison
The maximum SPY1.DE drawdown since its inception was -35.30%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for SPY1.DE and ZPRS.DE.
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Drawdown Indicators
| SPY1.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -35.30% | -40.22% | +4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -6.77% | -7.22% | +0.45% |
Max Drawdown (3Y)Largest decline over 3 years | -14.59% | -24.49% | +9.90% |
Max Drawdown (5Y)Largest decline over 5 years | -16.32% | -24.49% | +8.17% |
Max Drawdown (10Y)Largest decline over 10 years | -35.30% | -40.22% | +4.92% |
Current DrawdownCurrent decline from peak | -11.45% | 0.00% | -11.45% |
Average DrawdownAverage peak-to-trough decline | -6.16% | -6.41% | +0.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.15% | 1.92% | +1.23% |
Volatility
SPY1.DE vs. ZPRS.DE - Volatility Comparison
SPDR S&P 500 Low Volatility UCITS ETF (SPY1.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) have volatilities of 3.46% and 3.55%, 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
| SPY1.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.46% | 3.55% | -0.09% |
Volatility (6M)Calculated over the trailing 6-month period | 7.38% | 9.68% | -2.30% |
Volatility (1Y)Calculated over the trailing 1-year period | 10.25% | 13.83% | -3.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 12.47% | 16.58% | -4.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.00% | 17.26% | -3.26% |
SPY1.DE vs. ZPRS.DE - Expense Ratio Comparison
SPY1.DE has a 0.35% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
SPY1.DE vs. ZPRS.DE - Dividend Comparison
Neither SPY1.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPY1.DE and ZPRS.DE have a correlation of 0.23, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY1.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY1.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for ZPRS.DE.
SPY1.DE is categorized as S&P 500, while ZPRS.DE is Global Equities. SPY1.DE tracks S&P 500 Low Volatility, while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.35% for SPY1.DE and 0.45% for ZPRS.DE.
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