SPY4.DE vs. ZPRV.DE
SPY4.DE (SPDR S&P 400 US Mid Cap UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPY4.DE is a Mid Cap Blend Equities fund tracking the S&P MidCap 400, 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, SPY4.DE returned 10.43%/yr vs 11.63%/yr for ZPRV.DE. Their correlation of 0.87 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
SPY4.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with SPY4.DE having a 14.09% return and ZPRV.DE slightly higher at 14.58%. Over the past 10 years, SPY4.DE has underperformed ZPRV.DE with an annualized return of 10.43%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
SPY4.DE
- 1D
- 0.26%
- 1M
- 2.42%
- YTD
- 14.09%
- 6M
- 13.87%
- 1Y
- 23.49%
- 3Y*
- 12.93%
- 5Y*
- 8.81%
- 10Y*
- 10.43%
ZPRV.DE
- 1D
- 0.77%
- 1M
- 1.69%
- YTD
- 14.58%
- 6M
- 14.04%
- 1Y
- 34.68%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SPY4.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPY4.DE SPDR S&P 400 US Mid Cap UCITS ETF | 14.09% | -3.63% | 18.67% | 13.23% | -8.82% | 35.58% | 2.35% | 29.19% | -8.75% | 1.67% |
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 SPY4.DE and ZPRV.DE is 0.91, 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 | 0.91 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.94 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.96 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.93 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.87 |
The correlation between SPY4.DE and ZPRV.DE has been stable across timeframes, ranging from 0.87 to 0.96 - a consistent structural relationship.
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Return for Risk
SPY4.DE vs. ZPRV.DE — Risk / Return Rank
SPY4.DE
ZPRV.DE
SPY4.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.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.
| SPY4.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.61 | ||
| Sortino ratioReturn per unit of downside risk | -0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.28 | 1.38 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 5.84 | -2.05 |
| Martin ratioReturn relative to average drawdown | 11.31 | 17.49 | -6.18 |
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
| SPY4.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.57 | 2.17 | -0.61 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.48 | 0.52 | -0.04 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.53 | 0.00 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.65 | 0.47 | +0.18 |
Drawdowns
SPY4.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPY4.DE drawdown since its inception was -42.72%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPY4.DE and ZPRV.DE.
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Drawdown Indicators
| SPY4.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -42.72% | -46.04% | +3.32% |
Max Drawdown (1Y)Largest decline over 1 year | -6.07% | -5.87% | -0.20% |
Max Drawdown (3Y)Largest decline over 3 years | -29.11% | -31.14% | +2.03% |
Max Drawdown (5Y)Largest decline over 5 years | -29.11% | -31.14% | +2.03% |
Max Drawdown (10Y)Largest decline over 10 years | -42.72% | -46.04% | +3.32% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -5.87% | -8.34% | +2.47% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 1.96% | +0.07% |
Volatility
SPY4.DE vs. ZPRV.DE - Volatility Comparison
SPDR S&P 400 US Mid Cap UCITS ETF (SPY4.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) have volatilities of 3.51% and 3.39%, 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
| SPY4.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 3.39% | +0.12% |
Volatility (6M)Calculated over the trailing 6-month period | 9.83% | 9.42% | +0.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.65% | 15.78% | -1.13% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.33% | 20.38% | -2.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.50% | 22.56% | -3.06% |
SPY4.DE vs. ZPRV.DE - Expense Ratio Comparison
Both SPY4.DE and ZPRV.DE have an expense ratio of 0.30%.
Dividends
SPY4.DE vs. ZPRV.DE - Dividend Comparison
Neither SPY4.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.91, SPY4.DE and ZPRV.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPY4.DE and ZPRV.DE have the same expense ratio: 0.30% per year.
SPY4.DE is categorized as Mid Cap Blend Equities, while ZPRV.DE is Small Cap Value Equities. SPY4.DE tracks S&P MidCap 400, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index.
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