SPYI.DE vs. ZPRS.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds from State Street - SPYI.DE tracks the MSCI All Country World Investable Market (ACWI IMI) while ZPRS.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 10 years, SPYI.DE returned 12.12%/yr vs 9.81%/yr for ZPRS.DE. Their correlation of 0.82 suggests significant overlap in exposure. SPYI.DE charges 0.17%/yr vs 0.45%/yr for ZPRS.DE.
Performance
SPYI.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYI.DE achieves a 13.27% return, which is significantly lower than ZPRS.DE's 14.70% return. Over the past 10 years, SPYI.DE has outperformed ZPRS.DE with an annualized return of 12.12%, while ZPRS.DE has yielded a comparatively lower 9.81% annualized return.
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
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%
SPYI.DE vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
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 SPYI.DE and ZPRS.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.85 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.88 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.82 |
The correlation between SPYI.DE and ZPRS.DE has been stable across timeframes, ranging from 0.82 to 0.88 - a consistent structural relationship.
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Return for Risk
SPYI.DE vs. ZPRS.DE — Risk / Return Rank
SPYI.DE
ZPRS.DE
SPYI.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI IMI UCITS ETF (SPYI.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.
| SPYI.DE | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.30 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 4.14 | +0.18 |
| Martin ratioReturn relative to average drawdown | 17.43 | 15.60 | +1.83 |
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
| SPYI.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.16 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.47 | +0.38 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.57 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.60 | +0.24 |
Drawdowns
SPYI.DE vs. ZPRS.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and ZPRS.DE.
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Drawdown Indicators
| SPYI.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -40.22% | +5.62% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -7.22% | +0.81% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -24.49% | +2.83% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -24.49% | +2.83% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -40.22% | +5.62% |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -6.41% | +2.07% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.92% | -0.33% |
Volatility
SPYI.DE vs. ZPRS.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.11%, while SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a volatility of 3.55%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky than ZPRS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYI.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.55% | -0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.68% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 13.83% | -2.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 16.58% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 17.26% | -2.08% |
SPYI.DE vs. ZPRS.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
SPYI.DE vs. ZPRS.DE - Dividend Comparison
Neither SPYI.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and ZPRS.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.45% for ZPRS.DE.
SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.17% for SPYI.DE and 0.45% for ZPRS.DE.
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