VOO vs. ZPRX.DE
VOO (Vanguard S&P 500 ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - VOO is a S&P 500 fund tracking the S&P 500 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, VOO returned 15.72%/yr vs 9.10%/yr for ZPRX.DE. At a 0.47 correlation, their price movements are largely independent. VOO charges 0.03%/yr vs 0.30%/yr for ZPRX.DE.
Performance
VOO vs. ZPRX.DE - Performance Comparison
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Different Trading Currencies
VOO 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, VOO achieves a 10.99% return, which is significantly higher than ZPRX.DE's 7.14% return. Over the past 10 years, VOO has outperformed ZPRX.DE with an annualized return of 15.72%, while ZPRX.DE has yielded a comparatively lower 9.10% annualized return.
VOO
- 1D
- 1.74%
- 1M
- 2.12%
- YTD
- 10.99%
- 6M
- 11.51%
- 1Y
- 27.95%
- 3Y*
- 21.25%
- 5Y*
- 13.93%
- 10Y*
- 15.72%
ZPRX.DE
- 1D
- 0.67%
- 1M
- 3.58%
- YTD
- 7.14%
- 6M
- 9.73%
- 1Y
- 19.51%
- 3Y*
- 17.07%
- 5Y*
- 7.44%
- 10Y*
- 9.10%
VOO vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 10.99% | 17.82% | 24.98% | 26.32% | -18.17% | 28.79% | 18.32% | 31.37% | -4.50% | 21.77% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.14% | 43.16% | -1.67% | 18.90% | -18.28% | 17.53% | 5.91% | 26.27% | -22.99% | 28.85% |
Correlation
The correlation between VOO and ZPRX.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.47 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.47 |
The correlation between VOO and ZPRX.DE shifts across timeframes, from 0.42 (3 years) to 0.56 (1 year), reflecting how their relationship changes across market environments.
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Return for Risk
VOO vs. ZPRX.DE — Risk / Return Rank
VOO
ZPRX.DE
VOO vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard S&P 500 ETF (VOO) 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.
| VOO | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.07 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.21 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 3.15 | 1.38 | +1.77 |
| Martin ratioReturn relative to average drawdown | 14.25 | 4.70 | +9.55 |
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Drawdowns
VOO vs. ZPRX.DE - Drawdown Comparison
The maximum VOO drawdown since its inception was -33.99%, smaller than the maximum ZPRX.DE drawdown of -50.35%. Use the drawdown chart below to compare losses from any high point for VOO and ZPRX.DE.
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Drawdown Indicators
| VOO | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -33.99% | -50.35% | +16.36% |
Max Drawdown (1Y)Largest decline over 1 year | -8.90% | -14.04% | +5.14% |
Max Drawdown (3Y)Largest decline over 3 years | -18.69% | -16.10% | -2.59% |
Max Drawdown (5Y)Largest decline over 5 years | -24.52% | -38.56% | +14.04% |
Max Drawdown (10Y)Largest decline over 10 years | -33.99% | -50.35% | +16.36% |
Current DrawdownCurrent decline from peak | -0.63% | -1.24% | +0.61% |
Average DrawdownAverage peak-to-trough decline | -3.68% | -11.23% | +7.55% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.97% | 4.14% | -2.17% |
Volatility
VOO vs. ZPRX.DE - Volatility Comparison
Vanguard S&P 500 ETF (VOO) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) have volatilities of 4.61% and 4.56%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| VOO | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.61% | 4.56% | +0.05% |
Volatility (6M)Calculated over the trailing 6-month period | 9.72% | 13.07% | -3.35% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.34% | 16.11% | -3.77% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.90% | 20.07% | -3.17% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.05% | 20.48% | -2.43% |
VOO vs. ZPRX.DE - Expense Ratio Comparison
VOO has a 0.03% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
VOO vs. ZPRX.DE - Dividend Comparison
VOO's dividend yield for the trailing twelve months is around 1.03%, while ZPRX.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
VOO Vanguard S&P 500 ETF | 1.03% | 1.13% | 1.24% | 1.46% | 1.69% | 1.25% | 1.54% | 1.88% | 2.06% | 1.78% | 2.02% | 2.10% |
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
VOO and ZPRX.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VOO is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VOO is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRX.DE.
VOO is categorized as S&P 500, while ZPRX.DE is Europe Equities. VOO tracks S&P 500 Index, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. They also come from different issuers: Vanguard and State Street. Their fees differ too: 0.03% for VOO and 0.30% for ZPRX.DE.
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