SPYN.DE vs. ZPRX.DE
SPYN.DE (SPDR MSCI Europe Energy UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYN.DE is a Energy Equities fund tracking the MSCI Europe Energy 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, SPYN.DE returned 11.20%/yr vs 8.15%/yr for ZPRX.DE. A 0.51 correlation means they provide meaningful diversification when combined. SPYN.DE charges 0.18%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SPYN.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYN.DE achieves a 35.04% return, which is significantly higher than ZPRX.DE's 7.81% return. Over the past 10 years, SPYN.DE has outperformed ZPRX.DE with an annualized return of 11.20%, while ZPRX.DE has yielded a comparatively lower 8.15% annualized return.
SPYN.DE
- 1D
- -0.92%
- 1M
- -2.45%
- YTD
- 35.04%
- 6M
- 30.84%
- 1Y
- 54.32%
- 3Y*
- 17.57%
- 5Y*
- 19.95%
- 10Y*
- 11.20%
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%
SPYN.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYN.DE SPDR MSCI Europe Energy UCITS ETF | 35.04% | 14.83% | -5.83% | 8.31% | 37.38% | 35.64% | -31.15% | 10.33% | -0.63% | 5.40% |
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 SPYN.DE and ZPRX.DE is -0.08, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.08 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.21 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.33 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.48 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.51 |
The correlation between SPYN.DE and ZPRX.DE shifts across timeframes, from -0.08 (1 year) to 0.51 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYN.DE vs. ZPRX.DE — Risk / Return Rank
SPYN.DE
ZPRX.DE
SPYN.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Energy UCITS ETF (SPYN.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.
| SPYN.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.21 | ||
| Sortino ratioReturn per unit of downside risk | +1.12 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.55 | 1.47 | +3.08 |
| Martin ratioReturn relative to average drawdown | 14.57 | 5.42 | +9.14 |
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
| SPYN.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.44 | 1.23 | +1.21 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.83 | 0.46 | +0.37 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.43 | 0.45 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.30 | 0.39 | -0.09 |
Drawdowns
SPYN.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SPYN.DE drawdown since its inception was -58.67%, which is greater than ZPRX.DE's maximum drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPYN.DE and ZPRX.DE.
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Drawdown Indicators
| SPYN.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -58.67% | -43.93% | -14.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.89% | -11.63% | -0.26% |
Max Drawdown (3Y)Largest decline over 3 years | -26.54% | -15.95% | -10.59% |
Max Drawdown (5Y)Largest decline over 5 years | -26.54% | -27.52% | +0.98% |
Max Drawdown (10Y)Largest decline over 10 years | -58.67% | -43.93% | -14.74% |
Current DrawdownCurrent decline from peak | -6.51% | -1.51% | -5.00% |
Average DrawdownAverage peak-to-trough decline | -11.42% | -7.71% | -3.71% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.72% | 3.16% | +0.56% |
Volatility
SPYN.DE vs. ZPRX.DE - Volatility Comparison
SPDR MSCI Europe Energy UCITS ETF (SPYN.DE) has a higher volatility of 7.11% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that SPYN.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.
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Volatility by Period
| SPYN.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.11% | 4.17% | +2.94% |
Volatility (6M)Calculated over the trailing 6-month period | 19.17% | 11.30% | +7.87% |
Volatility (1Y)Calculated over the trailing 1-year period | 22.25% | 13.94% | +8.31% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 23.69% | 16.69% | +7.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 26.06% | 18.14% | +7.92% |
SPYN.DE vs. ZPRX.DE - Expense Ratio Comparison
SPYN.DE has a 0.18% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
SPYN.DE vs. ZPRX.DE - Dividend Comparison
Neither SPYN.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYN.DE and ZPRX.DE have a correlation of -0.08, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYN.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYN.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRX.DE.
SPYN.DE is categorized as Energy Equities, while ZPRX.DE is Europe Equities. SPYN.DE tracks MSCI Europe Energy 20/35 Capped, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.18% for SPYN.DE and 0.30% for ZPRX.DE.
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