SPYH.DE vs. ZPRV.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYH.DE is a Health & Biotech Equities fund tracking the MSCI Europe Health Care 20/35 Capped, 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, SPYH.DE returned 6.16%/yr vs 11.63%/yr for ZPRV.DE. At a 0.33 correlation, their price movements are largely independent. SPYH.DE charges 0.18%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPYH.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYH.DE achieves a -1.97% return, which is significantly lower than ZPRV.DE's 14.58% return. Over the past 10 years, SPYH.DE has underperformed ZPRV.DE with an annualized return of 6.16%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
SPYH.DE
- 1D
- 3.34%
- 1M
- 0.41%
- YTD
- -1.97%
- 6M
- -0.47%
- 1Y
- 6.02%
- 3Y*
- 2.85%
- 5Y*
- 5.81%
- 10Y*
- 6.16%
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%
SPYH.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYH.DE SPDR MSCI Europe Health Care UCITS ETF | -1.97% | 7.82% | 3.98% | 7.88% | -4.55% | 25.71% | -2.51% | 33.07% | -1.21% | 2.94% |
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 SPYH.DE and ZPRV.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.28 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.31 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.33 |
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Return for Risk
SPYH.DE vs. ZPRV.DE — Risk / Return Rank
SPYH.DE
ZPRV.DE
SPYH.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Health Care UCITS ETF (SPYH.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.
| SPYH.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.80 | ||
| Sortino ratioReturn per unit of downside risk | -2.31 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.38 | -0.30 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 5.84 | -5.34 |
| Martin ratioReturn relative to average drawdown | 1.10 | 17.49 | -16.38 |
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
| SPYH.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 2.17 | -1.80 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.52 | -0.15 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.53 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.47 | -0.04 |
Drawdowns
SPYH.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and ZPRV.DE.
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Drawdown Indicators
| SPYH.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -46.04% | +19.42% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -5.87% | -6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -31.14% | +4.52% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -31.14% | +4.52% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -46.04% | +19.42% |
Current DrawdownCurrent decline from peak | -10.72% | 0.00% | -10.72% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -8.34% | -0.27% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 1.96% | +3.77% |
Volatility
SPYH.DE vs. ZPRV.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.39%. This indicates that SPYH.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPYH.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 3.39% | +2.62% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 9.42% | +2.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 15.78% | +1.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 20.38% | -4.62% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 22.56% | -6.74% |
SPYH.DE vs. ZPRV.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPYH.DE vs. ZPRV.DE - Dividend Comparison
Neither SPYH.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and ZPRV.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYH.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYH.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRV.DE.
SPYH.DE is categorized as Health & Biotech Equities, while ZPRV.DE is Small Cap Value Equities. SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.18% for SPYH.DE and 0.30% for ZPRV.DE.
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