SPYK.DE vs. ZPRV.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYK.DE is a Technology Equities fund tracking the MSCI Europe Information Technology 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, SPYK.DE returned 16.39%/yr vs 11.63%/yr for ZPRV.DE. At a 0.49 correlation, their price movements are largely independent. SPYK.DE charges 0.18%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPYK.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than ZPRV.DE's 14.58% return. Over the past 10 years, SPYK.DE has outperformed ZPRV.DE with an annualized return of 16.39%, while ZPRV.DE has yielded a comparatively lower 11.63% annualized return.
SPYK.DE
- 1D
- 0.27%
- 1M
- 20.48%
- YTD
- 50.09%
- 6M
- 47.63%
- 1Y
- 59.88%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
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%
SPYK.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
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 SPYK.DE and ZPRV.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 | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.51 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.51 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.49 |
The correlation between SPYK.DE and ZPRV.DE has been stable across timeframes, ranging from 0.44 to 0.51 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. ZPRV.DE — Risk / Return Rank
SPYK.DE
ZPRV.DE
SPYK.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
| SPYK.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.13 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 5.84 | -1.25 |
| Martin ratioReturn relative to average drawdown | 12.19 | 17.49 | -5.30 |
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
| SPYK.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.17 | +0.13 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.52 | +0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 0.53 | +0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 0.47 | +0.16 |
Drawdowns
SPYK.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and ZPRV.DE.
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Drawdown Indicators
| SPYK.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -46.04% | +7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -5.87% | -7.12% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -31.14% | +4.12% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -31.14% | -7.31% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -46.04% | +7.59% |
Current DrawdownCurrent decline from peak | -0.09% | 0.00% | -0.09% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -8.34% | -0.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 1.96% | +2.94% |
Volatility
SPYK.DE vs. ZPRV.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.39%. This indicates that SPYK.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
| SPYK.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 3.39% | +6.92% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 9.42% | +11.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 15.78% | +10.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 20.38% | +5.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 22.56% | +1.62% |
SPYK.DE vs. ZPRV.DE - Expense Ratio Comparison
SPYK.DE has a 0.18% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPYK.DE vs. ZPRV.DE - Dividend Comparison
Neither SPYK.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYK.DE and ZPRV.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, SPYK.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRV.DE.
SPYK.DE is categorized as Technology Equities, while ZPRV.DE is Small Cap Value Equities. SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.18% for SPYK.DE and 0.30% for ZPRV.DE.
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