SPYL.DE vs. ZPRV.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, 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 year, SPYL.DE returned 25.61% vs 34.42% for ZPRV.DE. A 0.62 correlation means they provide meaningful diversification when combined. SPYL.DE charges 0.03%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPYL.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 11.37% return, which is significantly lower than ZPRV.DE's 14.58% return.
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
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%
SPYL.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.07% |
Correlation
The correlation between SPYL.DE and ZPRV.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 (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.62 |
The correlation between SPYL.DE and ZPRV.DE has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
SPYL.DE vs. ZPRV.DE — Risk / Return Rank
SPYL.DE
ZPRV.DE
SPYL.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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.
| SPYL.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.38 | +0.03 |
| Calmar ratioReturn relative to maximum drawdown | 3.58 | 5.84 | -2.26 |
| Martin ratioReturn relative to average drawdown | 12.72 | 17.49 | -4.76 |
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
| SPYL.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.21 | 2.17 | +0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.52 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.53 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.54 | 0.47 | +1.07 |
Drawdowns
SPYL.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and ZPRV.DE.
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Drawdown Indicators
| SPYL.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -46.04% | +22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -5.87% | -1.26% |
Max Drawdown (3Y)Largest decline over 3 years | — | -31.14% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -31.14% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -46.04% | — |
Current DrawdownCurrent decline from peak | -0.46% | 0.00% | -0.46% |
Average DrawdownAverage peak-to-trough decline | -3.24% | -8.34% | +5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.01% | 1.96% | +0.05% |
Volatility
SPYL.DE vs. ZPRV.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.66%, while SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a volatility of 3.39%. This indicates that SPYL.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
| SPYL.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.66% | 3.39% | -0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 7.57% | 9.42% | -1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.52% | 15.78% | -4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.61% | 20.38% | -5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.61% | 22.56% | -7.95% |
SPYL.DE vs. ZPRV.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPYL.DE vs. ZPRV.DE - Dividend Comparison
Neither SPYL.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and ZPRV.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.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRV.DE.
SPYL.DE is categorized as S&P 500, while ZPRV.DE is Small Cap Value Equities. SPYL.DE tracks S&P 500 Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.03% for SPYL.DE and 0.30% for ZPRV.DE.
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