SPYG.DE vs. ZPRX.DE
SPYG.DE (SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both Europe Equities funds from State Street - SPYG.DE tracks the S&P UK High Yield Dividend Aristocrats while ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SPYG.DE returned 3.61%/yr vs 8.15%/yr for ZPRX.DE. A 0.80 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
SPYG.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYG.DE achieves a 5.85% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, SPYG.DE has underperformed ZPRX.DE with an annualized return of 3.61%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized return.
SPYG.DE
- 1D
- 1.41%
- 1M
- 0.66%
- YTD
- 5.85%
- 6M
- 8.49%
- 1Y
- 11.94%
- 3Y*
- 11.53%
- 5Y*
- 6.76%
- 10Y*
- 3.61%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 1.27%
- YTD
- 7.81%
- 6M
- 10.93%
- 1Y
- 17.80%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
SPYG.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 5.85% | 12.61% | 14.64% | 8.08% | -13.77% | 20.96% | -20.77% | 41.80% | -15.19% | -0.54% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between SPYG.DE and ZPRX.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.80 |
The correlation between SPYG.DE and ZPRX.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
SPYG.DE vs. ZPRX.DE — Risk / Return Rank
SPYG.DE
ZPRX.DE
SPYG.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| SPYG.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.28 | ||
| Sortino ratioReturn per unit of downside risk | -0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.17 | 1.22 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.42 | 1.47 | -0.05 |
| Martin ratioReturn relative to average drawdown | 4.53 | 5.42 | -0.89 |
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
| SPYG.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.95 | 1.23 | -0.28 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.44 | 0.46 | -0.02 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.20 | 0.45 | -0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.28 | 0.39 | -0.11 |
Drawdowns
SPYG.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SPYG.DE drawdown since its inception was -44.67%, roughly equal to the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPYG.DE and ZPRX.DE.
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Drawdown Indicators
| SPYG.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.67% | -43.93% | -0.74% |
Max Drawdown (1Y)Largest decline over 1 year | -8.78% | -11.63% | +2.85% |
Max Drawdown (3Y)Largest decline over 3 years | -16.46% | -15.95% | -0.51% |
Max Drawdown (5Y)Largest decline over 5 years | -21.83% | -27.52% | +5.69% |
Max Drawdown (10Y)Largest decline over 10 years | -44.67% | -43.93% | -0.74% |
Current DrawdownCurrent decline from peak | -1.89% | -1.51% | -0.38% |
Average DrawdownAverage peak-to-trough decline | -11.38% | -7.71% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.75% | 3.16% | -0.41% |
Volatility
SPYG.DE vs. ZPRX.DE - Volatility Comparison
SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) (SPYG.DE) has a higher volatility of 4.98% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that SPYG.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYG.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.98% | 4.17% | +0.81% |
Volatility (6M)Calculated over the trailing 6-month period | 10.50% | 11.30% | -0.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.11% | 13.94% | -0.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.15% | 16.69% | -1.54% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.94% | 18.14% | -0.20% |
SPYG.DE vs. ZPRX.DE - Expense Ratio Comparison
Both SPYG.DE and ZPRX.DE have an expense ratio of 0.30%.
Dividends
SPYG.DE vs. ZPRX.DE - Dividend Comparison
SPYG.DE's dividend yield for the trailing twelve months is around 3.44%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYG.DE SPDR S&P UK Dividend Aristocrats UCITS ETF (Dist) | 3.44% | 3.68% | 3.39% | 3.66% | 4.67% | 3.53% | 3.12% | 3.92% | 7.36% | 3.83% | 4.39% | 4.04% |
ZPRX.DE SPDR MSCI Europe 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% | 0.00% |
Frequently Asked Questions
SPYG.DE and ZPRX.DE have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
SPYG.DE and ZPRX.DE have the same expense ratio: 0.30% per year.
SPYG.DE tracks S&P UK High Yield Dividend Aristocrats, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted.
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