USSC.L vs. ZPRX.DE
USSC.L (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - USSC.L is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, 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, USSC.L returned 12.58%/yr vs 9.24%/yr for ZPRX.DE. A 0.66 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
USSC.L vs. ZPRX.DE - Performance Comparison
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Different Trading Currencies
USSC.L is traded in USD, while ZPRX.DE is traded in EUR. To make them comparable, the ZPRX.DE values have been converted to USD using the latest available exchange rates.
Returns By Period
In the year-to-date period, USSC.L achieves a 16.70% return, which is significantly higher than ZPRX.DE's 6.43% return. Over the past 10 years, USSC.L has outperformed ZPRX.DE with an annualized return of 12.58%, while ZPRX.DE has yielded a comparatively lower 9.24% annualized return.
USSC.L
- 1D
- 2.35%
- 1M
- 6.69%
- YTD
- 16.70%
- 6M
- 14.69%
- 1Y
- 38.20%
- 3Y*
- 18.74%
- 5Y*
- 10.07%
- 10Y*
- 12.58%
ZPRX.DE
- 1D
- 1.86%
- 1M
- 2.89%
- YTD
- 6.43%
- 6M
- 10.13%
- 1Y
- 18.72%
- 3Y*
- 17.32%
- 5Y*
- 6.87%
- 10Y*
- 9.24%
USSC.L vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
USSC.L SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 16.70% | 14.72% | 8.33% | 23.18% | -10.14% | 35.22% | 8.76% | 23.17% | -15.30% | 9.80% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 6.43% | 43.16% | -1.67% | 18.90% | -18.28% | 17.53% | 5.91% | 26.27% | -22.99% | 28.85% |
Correlation
The correlation between USSC.L and ZPRX.DE is 0.65, 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 | 0.65 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.66 |
The correlation between USSC.L and ZPRX.DE has been stable across timeframes, ranging from 0.64 to 0.69 - a consistent structural relationship.
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Return for Risk
USSC.L vs. ZPRX.DE — Risk / Return Rank
USSC.L
ZPRX.DE
USSC.L vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| USSC.L | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.85 | ||
| Omega ratioGain probability vs. loss probability | 1.40 | 1.19 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 4.63 | 1.22 | +3.42 |
| Martin ratioReturn relative to average drawdown | 14.95 | 4.14 | +10.81 |
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Drawdowns
USSC.L vs. ZPRX.DE - Drawdown Comparison
The maximum USSC.L drawdown since its inception was -48.99%, roughly equal to the maximum ZPRX.DE drawdown of -50.35%. Use the drawdown chart below to compare losses from any high point for USSC.L and ZPRX.DE.
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Drawdown Indicators
| USSC.L | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -48.99% | -50.35% | +1.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.12% | -14.04% | +5.92% |
Max Drawdown (3Y)Largest decline over 3 years | -27.47% | -16.10% | -11.37% |
Max Drawdown (5Y)Largest decline over 5 years | -27.47% | -38.56% | +11.09% |
Max Drawdown (10Y)Largest decline over 10 years | -48.99% | -50.35% | +1.36% |
Current DrawdownCurrent decline from peak | 0.00% | -1.90% | +1.90% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -11.23% | +3.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.52% | 4.14% | -1.62% |
Volatility
USSC.L vs. ZPRX.DE - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (USSC.L) is 4.22%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 5.01%. This indicates that USSC.L 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
| USSC.L | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.22% | 5.01% | -0.79% |
Volatility (6M)Calculated over the trailing 6-month period | 10.35% | 13.09% | -2.74% |
Volatility (1Y)Calculated over the trailing 1-year period | 16.06% | 16.13% | -0.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.63% | 20.06% | +1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.79% | 20.50% | +2.29% |
USSC.L vs. ZPRX.DE - Expense Ratio Comparison
Both USSC.L and ZPRX.DE have an expense ratio of 0.30%.
Dividends
USSC.L vs. ZPRX.DE - Dividend Comparison
Neither USSC.L nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
USSC.L and ZPRX.DE have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
USSC.L and ZPRX.DE have the same expense ratio: 0.30% per year.
USSC.L is categorized as Small Cap Value Equities, while ZPRX.DE is Europe Equities. USSC.L tracks MSCI USA Small Cap Value Weighted Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted.
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