SPYH.DE vs. ZPRX.DE
SPYH.DE (SPDR MSCI Europe Health Care UCITS ETF) and ZPRX.DE (SPDR MSCI Europe 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SPYH.DE returned 6.16%/yr vs 8.15%/yr for ZPRX.DE. At a 0.48 correlation, their price movements are largely independent. SPYH.DE charges 0.18%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SPYH.DE vs. ZPRX.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 ZPRX.DE's 7.81% return. Over the past 10 years, SPYH.DE has underperformed ZPRX.DE with an annualized return of 6.16%, while ZPRX.DE has yielded a comparatively higher 8.15% 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%
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%
SPYH.DE vs. ZPRX.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% |
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 SPYH.DE and ZPRX.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.38 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.40 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.43 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.48 |
The correlation between SPYH.DE and ZPRX.DE shifts across timeframes, from 0.38 (3 years) to 0.48 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYH.DE vs. ZPRX.DE — Risk / Return Rank
SPYH.DE
ZPRX.DE
SPYH.DE vs. ZPRX.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 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.
| SPYH.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.86 | ||
| Sortino ratioReturn per unit of downside risk | -1.15 | ||
| Omega ratioGain probability vs. loss probability | 1.08 | 1.22 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 0.50 | 1.47 | -0.97 |
| Martin ratioReturn relative to average drawdown | 1.10 | 5.42 | -4.32 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.37 | 1.23 | -0.86 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.36 | 0.46 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.39 | 0.45 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.43 | 0.39 | +0.03 |
Drawdowns
SPYH.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SPYH.DE drawdown since its inception was -26.62%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPYH.DE and ZPRX.DE.
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Drawdown Indicators
| SPYH.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -26.62% | -43.93% | +17.31% |
Max Drawdown (1Y)Largest decline over 1 year | -12.58% | -11.63% | -0.95% |
Max Drawdown (3Y)Largest decline over 3 years | -26.62% | -15.95% | -10.67% |
Max Drawdown (5Y)Largest decline over 5 years | -26.62% | -27.52% | +0.90% |
Max Drawdown (10Y)Largest decline over 10 years | -26.62% | -43.93% | +17.31% |
Current DrawdownCurrent decline from peak | -10.72% | -1.51% | -9.21% |
Average DrawdownAverage peak-to-trough decline | -8.61% | -7.71% | -0.90% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.73% | 3.16% | +2.57% |
Volatility
SPYH.DE vs. ZPRX.DE - Volatility Comparison
SPDR MSCI Europe Health Care UCITS ETF (SPYH.DE) has a higher volatility of 6.01% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that SPYH.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
| SPYH.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.01% | 4.17% | +1.84% |
Volatility (6M)Calculated over the trailing 6-month period | 12.04% | 11.30% | +0.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.05% | 13.94% | +3.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.76% | 16.69% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.82% | 18.14% | -2.32% |
SPYH.DE vs. ZPRX.DE - Expense Ratio Comparison
SPYH.DE has a 0.18% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SPYH.DE vs. ZPRX.DE - Dividend Comparison
Neither SPYH.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYH.DE and ZPRX.DE have a correlation of 0.44, 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 ZPRX.DE.
SPYH.DE is categorized as Health & Biotech Equities, while ZPRX.DE is Europe Equities. SPYH.DE tracks MSCI Europe Health Care 20/35 Capped, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.18% for SPYH.DE and 0.30% for ZPRX.DE.
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