SPYV.DE vs. ZPRX.DE
SPYV.DE (SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist)) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - SPYV.DE is a Emerging Markets Equities fund tracking the S&P Emerging Markets High Yield Dividend Aristocrats, 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, SPYV.DE returned 6.23%/yr vs 8.15%/yr for ZPRX.DE. A 0.56 correlation means they provide meaningful diversification when combined. SPYV.DE charges 0.55%/yr vs 0.30%/yr for ZPRX.DE.
Performance
SPYV.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYV.DE achieves a 5.71% return, which is significantly lower than ZPRX.DE's 7.81% return. Over the past 10 years, SPYV.DE has underperformed ZPRX.DE with an annualized return of 6.23%, while ZPRX.DE has yielded a comparatively higher 8.15% annualized return.
SPYV.DE
- 1D
- -0.23%
- 1M
- -1.55%
- YTD
- 5.71%
- 6M
- 4.21%
- 1Y
- 10.75%
- 3Y*
- 9.94%
- 5Y*
- 6.00%
- 10Y*
- 6.23%
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%
SPYV.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 5.71% | 6.33% | 21.05% | 1.39% | -2.70% | 6.51% | -11.03% | 15.10% | -2.00% | 11.76% |
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 SPYV.DE and ZPRX.DE is 0.48, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.48 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.44 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.46 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.56 |
The correlation between SPYV.DE and ZPRX.DE shifts across timeframes, from 0.44 (3 years) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYV.DE vs. ZPRX.DE — Risk / Return Rank
SPYV.DE
ZPRX.DE
SPYV.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.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.
| SPYV.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.43 | ||
| Omega ratioGain probability vs. loss probability | 1.16 | 1.22 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 1.31 | 1.47 | -0.15 |
| Martin ratioReturn relative to average drawdown | 3.29 | 5.42 | -2.13 |
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
| SPYV.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.92 | 1.23 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.46 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.36 | 0.45 | -0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.18 | 0.39 | -0.22 |
Drawdowns
SPYV.DE vs. ZPRX.DE - Drawdown Comparison
The maximum SPYV.DE drawdown since its inception was -43.79%, roughly equal to the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for SPYV.DE and ZPRX.DE.
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Drawdown Indicators
| SPYV.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.79% | -43.93% | +0.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.15% | -11.63% | +3.48% |
Max Drawdown (3Y)Largest decline over 3 years | -16.93% | -15.95% | -0.98% |
Max Drawdown (5Y)Largest decline over 5 years | -17.58% | -27.52% | +9.94% |
Max Drawdown (10Y)Largest decline over 10 years | -38.19% | -43.93% | +5.74% |
Current DrawdownCurrent decline from peak | -5.09% | -1.51% | -3.58% |
Average DrawdownAverage peak-to-trough decline | -12.48% | -7.71% | -4.77% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.26% | 3.16% | +0.10% |
Volatility
SPYV.DE vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) (SPYV.DE) is 3.51%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 4.17%. This indicates that SPYV.DE experiences smaller price fluctuations and is considered to be less risky 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
| SPYV.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.51% | 4.17% | -0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 8.37% | 11.30% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.72% | 13.94% | -2.22% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.03% | 16.69% | -1.66% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.36% | 18.14% | -0.78% |
SPYV.DE vs. ZPRX.DE - Expense Ratio Comparison
SPYV.DE has a 0.55% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.
Dividends
SPYV.DE vs. ZPRX.DE - Dividend Comparison
SPYV.DE's dividend yield for the trailing twelve months is around 3.83%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYV.DE SPDR S&P Emerging Markets Dividend Aristocrats UCITS ETF (Dist) | 3.83% | 3.96% | 4.01% | 4.96% | 4.71% | 3.21% | 3.29% | 3.59% | 3.58% | 2.96% | 4.34% | 5.98% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
SPYV.DE and ZPRX.DE have a correlation of 0.48, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.55% for SPYV.DE.
SPYV.DE is categorized as Emerging Markets Equities, while ZPRX.DE is Europe Equities. SPYV.DE tracks S&P Emerging Markets High Yield Dividend Aristocrats, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.55% for SPYV.DE and 0.30% for ZPRX.DE.
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