SPYK.DE vs. ZPRX.DE

Last updated Jun 5, 2026

SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and ZPRX.DE (SPDR MSCI Europe 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 ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, SPYK.DE returned 16.39%/yr vs 8.15%/yr for ZPRX.DE. A 0.68 correlation means they provide meaningful diversification when combined. SPYK.DE charges 0.18%/yr vs 0.30%/yr for ZPRX.DE.

Performance

SPYK.DE vs. ZPRX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than ZPRX.DE's 7.81% return. Over the past 10 years, SPYK.DE has outperformed ZPRX.DE with an annualized return of 16.39%, while ZPRX.DE has yielded a comparatively lower 8.15% 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%

ZPRX.DE

• 1D: 0.33%
• 1M: 3.14%
• YTD: 7.81%
• 6M: 11.48%
• 1Y: 17.16%
• 3Y*: 15.09%
• 5Y*: 7.77%
• 10Y*: 8.15%

*Multi-year figures are annualized to reflect compound growth (CAGR)

SPYK.DE vs. ZPRX.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%
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 SPYK.DE and ZPRX.DE is 0.60, 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	0.60
Correlation (3Y) Calculated over the trailing 3-year period	0.58
Correlation (5Y) Calculated over the trailing 5-year period	0.64
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015	0.68

The correlation between SPYK.DE and ZPRX.DE has been stable across timeframes, ranging from 0.58 to 0.68 - a consistent structural relationship.

Return for Risk

SPYK.DE vs. ZPRX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

SPYK.DE

SPYK.DE Risk / Return Rank: 71
SPYK.DE Sharpe Ratio Rank: 72
SPYK.DE Sortino Ratio Rank: 70
SPYK.DE Omega Ratio Rank: 63
SPYK.DE Calmar Ratio Rank: 85
SPYK.DE Martin Ratio Rank: 67

ZPRX.DE

ZPRX.DE Risk / Return Rank: 34
ZPRX.DE Sharpe Ratio Rank: 35
ZPRX.DE Sortino Ratio Rank: 35
ZPRX.DE Omega Ratio Rank: 34
ZPRX.DE Calmar Ratio Rank: 31
ZPRX.DE Martin Ratio Rank: 36

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

SPYK.DE vs. ZPRX.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 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.

	SPYK.DE	ZPRX.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.30	1.23	+1.08
Sortino ratio: Return per unit of downside risk	3.15	1.82	+1.33
Omega ratio: Gain probability vs. loss probability	1.38	1.22	+0.15
Calmar ratio: Return relative to maximum drawdown	4.59	1.47	+3.12
Martin ratio: Return relative to average drawdown	12.19	5.42	+6.77
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

SPYK.DE vs. ZPRX.DE - Sharpe Ratio Comparison

The current SPYK.DE Sharpe Ratio is 2.30, which is higher than the ZPRX.DE Sharpe Ratio of 1.23. The chart below compares the historical Sharpe Ratios of SPYK.DE and ZPRX.DE, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	SPYK.DE	ZPRX.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	2.30	1.23	+1.08
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.58	0.46	+0.12
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.67	0.45	+0.23
Sharpe Ratio (All Time) Calculated using the full available price history	0.63	0.39	+0.24

Drawdowns

SPYK.DE vs. ZPRX.DE - Drawdown Comparison

The maximum SPYK.DE drawdown since its inception was -38.45%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and ZPRX.DE.

Drawdown Indicators

	SPYK.DE	ZPRX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-38.45%	-43.93%	+5.48%
Max Drawdown (1Y) Largest decline over 1 year	-12.99%	-11.63%	-1.36%
Max Drawdown (3Y) Largest decline over 3 years	-27.02%	-15.95%	-11.07%
Max Drawdown (5Y) Largest decline over 5 years	-38.45%	-27.52%	-10.93%
Max Drawdown (10Y) Largest decline over 10 years	-38.45%	-43.93%	+5.48%
Current Drawdown Current decline from peak	-0.09%	-1.51%	+1.42%
Average Drawdown Average peak-to-trough decline	-8.36%	-7.71%	-0.65%
Ulcer Index Depth and duration of drawdowns from previous peaks	4.90%	3.16%	+1.74%

Volatility

SPYK.DE vs. ZPRX.DE - Volatility Comparison

SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that SPYK.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.

Volatility by Period

	SPYK.DE	ZPRX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	10.31%	4.17%	+6.14%
Volatility (6M) Calculated over the trailing 6-month period	20.95%	11.30%	+9.65%
Volatility (1Y) Calculated over the trailing 1-year period	25.88%	13.94%	+11.94%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	25.86%	16.69%	+9.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	24.18%	18.14%	+6.04%

SPYK.DE vs. ZPRX.DE - Expense Ratio Comparison

SPYK.DE has a 0.18% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.

Dividends

SPYK.DE vs. ZPRX.DE - Dividend Comparison

Neither SPYK.DE nor ZPRX.DE has paid dividends to shareholders.

Tickers have no history of dividend payments

Frequently Asked Questions

Can I hold both SPYK.DE and ZPRX.DE in my portfolio?

SPYK.DE and ZPRX.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, SPYK.DE or ZPRX.DE?

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.

Which ETF is cheaper, SPYK.DE or ZPRX.DE?

SPYK.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRX.DE.

What is the main difference between SPYK.DE and ZPRX.DE?

SPYK.DE is categorized as Technology Equities, while ZPRX.DE is Europe Equities. SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.18% for SPYK.DE and 0.30% for ZPRX.DE.