SPYM.DE vs. ZPRS.DE
SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets, while ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 10 years, SPYM.DE returned 9.90%/yr vs 9.81%/yr for ZPRS.DE. A 0.65 correlation means they provide meaningful diversification when combined. SPYM.DE charges 0.18%/yr vs 0.45%/yr for ZPRS.DE.
Performance
SPYM.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYM.DE achieves a 27.39% return, which is significantly higher than ZPRS.DE's 14.70% return. Both investments have delivered pretty close results over the past 10 years, with SPYM.DE having a 9.90% annualized return and ZPRS.DE not far behind at 9.81%.
SPYM.DE
- 1D
- -1.63%
- 1M
- 3.70%
- YTD
- 27.39%
- 6M
- 27.92%
- 1Y
- 48.95%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
ZPRS.DE
- 1D
- 0.46%
- 1M
- 2.46%
- YTD
- 14.70%
- 6M
- 15.24%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
SPYM.DE vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
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 SPYM.DE and ZPRS.DE is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.65 |
The correlation between SPYM.DE and ZPRS.DE has been stable across timeframes, ranging from 0.60 to 0.65 - a consistent structural relationship.
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Return for Risk
SPYM.DE vs. ZPRS.DE — Risk / Return Rank
SPYM.DE
ZPRS.DE
SPYM.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Emerging Markets UCITS ETF (SPYM.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.
| SPYM.DE | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.63 | ||
| Sortino ratioReturn per unit of downside risk | +0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 1.38 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.80 | 4.14 | +0.66 |
| Martin ratioReturn relative to average drawdown | 17.28 | 15.60 | +1.67 |
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
| SPYM.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.79 | 2.16 | +0.63 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.50 | 0.47 | +0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.54 | 0.57 | -0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.34 | 0.60 | -0.26 |
Drawdowns
SPYM.DE vs. ZPRS.DE - Drawdown Comparison
The maximum SPYM.DE drawdown since its inception was -36.28%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for SPYM.DE and ZPRS.DE.
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Drawdown Indicators
| SPYM.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.28% | -40.22% | +3.94% |
Max Drawdown (1Y)Largest decline over 1 year | -10.38% | -7.22% | -3.16% |
Max Drawdown (3Y)Largest decline over 3 years | -18.96% | -24.49% | +5.53% |
Max Drawdown (5Y)Largest decline over 5 years | -23.86% | -24.49% | +0.63% |
Max Drawdown (10Y)Largest decline over 10 years | -31.69% | -40.22% | +8.53% |
Current DrawdownCurrent decline from peak | -2.74% | 0.00% | -2.74% |
Average DrawdownAverage peak-to-trough decline | -9.95% | -6.41% | -3.54% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 1.92% | +0.97% |
Volatility
SPYM.DE vs. ZPRS.DE - Volatility Comparison
SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a higher volatility of 7.34% compared to SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) at 3.55%. This indicates that SPYM.DE's price experiences larger fluctuations and is considered to be riskier 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
| SPYM.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.34% | 3.55% | +3.79% |
Volatility (6M)Calculated over the trailing 6-month period | 15.16% | 9.68% | +5.48% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.87% | 13.83% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.78% | 16.58% | +0.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.40% | 17.26% | +1.14% |
SPYM.DE vs. ZPRS.DE - Expense Ratio Comparison
SPYM.DE has a 0.18% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
SPYM.DE vs. ZPRS.DE - Dividend Comparison
Neither SPYM.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYM.DE and ZPRS.DE have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.45% for ZPRS.DE.
SPYM.DE is categorized as Emerging Markets Equities, while ZPRS.DE is Global Equities. SPYM.DE tracks MSCI Emerging Markets, while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.18% for SPYM.DE and 0.45% for ZPRS.DE.
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