SPYT.DE vs. ZPRV.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYT.DE is a Communications Equities fund tracking the MSCI Europe Communication Services 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, SPYT.DE returned 1.47%/yr vs 11.63%/yr for ZPRV.DE. At a 0.43 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.30%/yr for ZPRV.DE.
Performance
SPYT.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYT.DE achieves a 3.11% return, which is significantly lower than ZPRV.DE's 14.58% return. Over the past 10 years, SPYT.DE has underperformed ZPRV.DE with an annualized return of 1.47%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
SPYT.DE
- 1D
- -0.08%
- 1M
- 2.62%
- YTD
- 3.11%
- 6M
- 5.27%
- 1Y
- -7.75%
- 3Y*
- 10.29%
- 5Y*
- 5.43%
- 10Y*
- 1.47%
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%
SPYT.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 5.78% | -9.57% | 2.27% |
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 SPYT.DE and ZPRV.DE is 0.24, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.24 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.32 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.43 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.46 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.43 |
The correlation between SPYT.DE and ZPRV.DE shifts across timeframes, from 0.24 (1 year) to 0.46 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYT.DE vs. ZPRV.DE — Risk / Return Rank
SPYT.DE
ZPRV.DE
SPYT.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.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.
| SPYT.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -2.75 | ||
| Sortino ratioReturn per unit of downside risk | -3.71 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.38 | -0.46 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 5.84 | -6.35 |
| Martin ratioReturn relative to average drawdown | -0.97 | 17.49 | -18.46 |
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
| SPYT.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 2.17 | -2.75 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.52 | -0.12 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | 0.53 | -0.43 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.47 | -0.24 |
Drawdowns
SPYT.DE vs. ZPRV.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than ZPRV.DE's maximum drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and ZPRV.DE.
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Drawdown Indicators
| SPYT.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -46.04% | -3.59% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -5.87% | -9.11% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -31.14% | +16.16% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -31.14% | +10.79% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | -46.04% | +5.95% |
Current DrawdownCurrent decline from peak | -8.46% | 0.00% | -8.46% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -8.34% | -10.49% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 1.96% | +5.69% |
Volatility
SPYT.DE vs. ZPRV.DE - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) has a higher volatility of 4.21% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.39%. This indicates that SPYT.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
| SPYT.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 3.39% | +0.82% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 9.42% | +1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 15.78% | -2.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 20.38% | -6.90% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 22.56% | -6.89% |
SPYT.DE vs. ZPRV.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
SPYT.DE vs. ZPRV.DE - Dividend Comparison
Neither SPYT.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and ZPRV.DE have a correlation of 0.24, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYT.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYT.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRV.DE.
SPYT.DE is categorized as Communications Equities, while ZPRV.DE is Small Cap Value Equities. SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.18% for SPYT.DE and 0.30% for ZPRV.DE.
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