SPYI.DE vs. ZPRV.DE
SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI), 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, SPYI.DE returned 12.12%/yr vs 11.63%/yr for ZPRV.DE. A 0.71 correlation means they provide meaningful diversification when combined. SPYI.DE charges 0.17%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPYI.DE vs. ZPRV.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 ZPRV.DE's 14.58% return. Both investments have delivered pretty close results over the past 10 years, with SPYI.DE having a 12.12% annualized return and ZPRV.DE not far behind at 11.63%.
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%
ZPRV.DE
- 1D
- 0.77%
- 1M
- 2.26%
- YTD
- 14.58%
- 6M
- 14.63%
- 1Y
- 34.42%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SPYI.DE vs. ZPRV.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% |
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 SPYI.DE and ZPRV.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.71 |
The correlation between SPYI.DE and ZPRV.DE shifts across timeframes, from 0.67 (1 year) to 0.77 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYI.DE vs. ZPRV.DE — Risk / Return Rank
SPYI.DE
ZPRV.DE
SPYI.DE vs. ZPRV.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 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.
| SPYI.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.24 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.38 | +0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.32 | 5.84 | -1.52 |
| Martin ratioReturn relative to average drawdown | 17.43 | 17.49 | -0.06 |
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 | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.41 | 2.17 | +0.24 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.85 | 0.52 | +0.34 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.81 | 0.53 | +0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.84 | 0.47 | +0.37 |
Drawdowns
SPYI.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPYI.DE drawdown since its inception was -34.60%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPYI.DE and ZPRV.DE.
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Drawdown Indicators
| SPYI.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.60% | -46.04% | +11.44% |
Max Drawdown (1Y)Largest decline over 1 year | -6.41% | -5.87% | -0.54% |
Max Drawdown (3Y)Largest decline over 3 years | -21.66% | -31.14% | +9.48% |
Max Drawdown (5Y)Largest decline over 5 years | -21.66% | -31.14% | +9.48% |
Max Drawdown (10Y)Largest decline over 10 years | -34.60% | -46.04% | +11.44% |
Current DrawdownCurrent decline from peak | -0.56% | 0.00% | -0.56% |
Average DrawdownAverage peak-to-trough decline | -4.34% | -8.34% | +4.00% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.59% | 1.96% | -0.37% |
Volatility
SPYI.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) is 3.11%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SPYI.DE experiences smaller price fluctuations and is considered to be less risky 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
| SPYI.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.11% | 3.39% | -0.28% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.42% | -1.21% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.48% | 15.78% | -4.30% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 20.38% | -6.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.18% | 22.56% | -7.38% |
SPYI.DE vs. ZPRV.DE - Expense Ratio Comparison
SPYI.DE has a 0.17% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPYI.DE vs. ZPRV.DE - Dividend Comparison
Neither SPYI.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYI.DE and ZPRV.DE have a correlation of 0.67, 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 0.30% for ZPRV.DE.
SPYI.DE is categorized as Global Equities, while ZPRV.DE is Small Cap Value Equities. SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI), while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.17% for SPYI.DE and 0.30% for ZPRV.DE.
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