SPYY.DE vs. ZPRS.DE
SPYY.DE (SPDR MSCI ACWI UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds from State Street - SPYY.DE tracks the MSCI All Country World (ACWI) while ZPRS.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 10 years, SPYY.DE returned 12.40%/yr vs 9.81%/yr for ZPRS.DE. Their correlation of 0.84 suggests significant overlap in exposure. SPYY.DE charges 0.40%/yr vs 0.45%/yr for ZPRS.DE.
Performance
SPYY.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYY.DE achieves a 12.54% return, which is significantly lower than ZPRS.DE's 14.70% return. Over the past 10 years, SPYY.DE has outperformed ZPRS.DE with an annualized return of 12.40%, while ZPRS.DE has yielded a comparatively lower 9.81% annualized return.
SPYY.DE
- 1D
- -0.21%
- 1M
- 4.97%
- YTD
- 12.54%
- 6M
- 13.23%
- 1Y
- 26.75%
- 3Y*
- 17.99%
- 5Y*
- 12.35%
- 10Y*
- 12.40%
ZPRS.DE
- 1D
- 0.46%
- 1M
- 3.86%
- YTD
- 14.70%
- 6M
- 15.69%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
SPYY.DE vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYY.DE SPDR MSCI ACWI UCITS ETF | 12.54% | 9.46% | 24.56% | 18.22% | -13.82% | 29.11% | 5.12% | 30.21% | -6.02% | 8.80% |
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 SPYY.DE and ZPRS.DE is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.82 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.84 |
The correlation between SPYY.DE and ZPRS.DE has been stable across timeframes, ranging from 0.82 to 0.87 - a consistent structural relationship.
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Return for Risk
SPYY.DE vs. ZPRS.DE — Risk / Return Rank
SPYY.DE
ZPRS.DE
SPYY.DE vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI ACWI UCITS ETF (SPYY.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.
| SPYY.DE | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.16 | ||
| Sortino ratioReturn per unit of downside risk | +0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.38 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.10 | 4.14 | -0.04 |
| Martin ratioReturn relative to average drawdown | 16.60 | 15.60 | +1.00 |
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
| SPYY.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.32 | 2.16 | +0.16 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.88 | 0.47 | +0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.82 | 0.57 | +0.26 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.83 | 0.60 | +0.23 |
Drawdowns
SPYY.DE vs. ZPRS.DE - Drawdown Comparison
The maximum SPYY.DE drawdown since its inception was -33.49%, smaller than the maximum ZPRS.DE drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for SPYY.DE and ZPRS.DE.
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Drawdown Indicators
| SPYY.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.49% | -40.22% | +6.73% |
Max Drawdown (1Y)Largest decline over 1 year | -6.49% | -7.22% | +0.73% |
Max Drawdown (3Y)Largest decline over 3 years | -21.27% | -24.49% | +3.22% |
Max Drawdown (5Y)Largest decline over 5 years | -21.27% | -24.49% | +3.22% |
Max Drawdown (10Y)Largest decline over 10 years | -33.49% | -40.22% | +6.73% |
Current DrawdownCurrent decline from peak | -0.61% | 0.00% | -0.61% |
Average DrawdownAverage peak-to-trough decline | -4.39% | -6.41% | +2.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.61% | 1.92% | -0.31% |
Volatility
SPYY.DE vs. ZPRS.DE - Volatility Comparison
The current volatility for SPDR MSCI ACWI UCITS ETF (SPYY.DE) is 3.05%, while SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a volatility of 3.55%. This indicates that SPYY.DE experiences smaller price fluctuations and is considered to be less risky 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
| SPYY.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.05% | 3.55% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 8.21% | 9.68% | -1.47% |
Volatility (1Y)Calculated over the trailing 1-year period | 11.47% | 13.83% | -2.36% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.90% | 16.58% | -2.68% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.07% | 17.26% | -2.19% |
SPYY.DE vs. ZPRS.DE - Expense Ratio Comparison
SPYY.DE has a 0.40% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
SPYY.DE vs. ZPRS.DE - Dividend Comparison
Neither SPYY.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYY.DE and ZPRS.DE have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYY.DE is cheaper at 0.40% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYY.DE is cheaper with a 0.40% expense ratio, compared with 0.45% for ZPRS.DE.
SPYY.DE tracks MSCI All Country World (ACWI), while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.40% for SPYY.DE and 0.45% for ZPRS.DE.
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