XDEQ.L vs. ZPRS.DE
XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both Global Equities funds - XDEQ.L tracks the MSCI ACWI NR USD while ZPRS.DE tracks the MSCI World Small Cap. Both are passively managed. Over the past 10 years, XDEQ.L returned 13.79%/yr vs 11.29%/yr for ZPRS.DE. A 0.76 correlation means they provide meaningful diversification when combined. XDEQ.L charges 0.25%/yr vs 0.45%/yr for ZPRS.DE.
Performance
XDEQ.L vs. ZPRS.DE - Performance Comparison
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Different Trading Currencies
XDEQ.L is traded in GBp, while ZPRS.DE is traded in EUR. To make them comparable, the ZPRS.DE values have been converted to GBp using the latest available exchange rates.
Returns By Period
In the year-to-date period, XDEQ.L achieves a 9.92% return, which is significantly lower than ZPRS.DE's 14.98% return. Over the past 10 years, XDEQ.L has outperformed ZPRS.DE with an annualized return of 13.79%, while ZPRS.DE has yielded a comparatively lower 11.29% annualized return.
XDEQ.L
- 1D
- 0.02%
- 1M
- 2.44%
- YTD
- 9.92%
- 6M
- 11.21%
- 1Y
- 23.58%
- 3Y*
- 15.68%
- 5Y*
- 11.43%
- 10Y*
- 13.79%
ZPRS.DE
- 1D
- -0.43%
- 1M
- 3.96%
- YTD
- 14.98%
- 6M
- 16.13%
- 1Y
- 33.92%
- 3Y*
- 15.18%
- 5Y*
- 8.11%
- 10Y*
- 11.29%
XDEQ.L vs. ZPRS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 9.92% | 7.52% | 18.91% | 19.22% | -9.44% | 25.15% | 10.98% | 26.01% | -2.33% | 12.55% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.98% | 12.95% | 8.83% | 10.32% | -9.37% | 16.55% | 11.35% | 23.44% | -10.21% | 11.74% |
Correlation
The correlation between XDEQ.L and ZPRS.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.76 |
The correlation between XDEQ.L and ZPRS.DE has been stable across timeframes, ranging from 0.69 to 0.76 - a consistent structural relationship.
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Return for Risk
XDEQ.L vs. ZPRS.DE — Risk / Return Rank
XDEQ.L
ZPRS.DE
XDEQ.L vs. ZPRS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) 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.
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.
| XDEQ.L | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.10 | ||
| Sortino ratioReturn per unit of downside risk | -0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.43 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.40 | 4.20 | -0.80 |
| Martin ratioReturn relative to average drawdown | 14.23 | 16.24 | -2.01 |
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Drawdowns
XDEQ.L vs. ZPRS.DE - Drawdown Comparison
The maximum XDEQ.L drawdown since its inception was -44.31%, which is greater than ZPRS.DE's maximum drawdown of -33.53%. Use the drawdown chart below to compare losses from any high point for XDEQ.L and ZPRS.DE.
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Drawdown Indicators
| XDEQ.L | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -44.31% | -33.53% | -10.78% |
Max Drawdown (1Y)Largest decline over 1 year | -6.90% | -8.05% | +1.15% |
Max Drawdown (3Y)Largest decline over 3 years | -20.24% | -22.81% | +2.57% |
Max Drawdown (5Y)Largest decline over 5 years | -20.24% | -22.81% | +2.57% |
Max Drawdown (10Y)Largest decline over 10 years | -24.31% | -33.53% | +9.22% |
Current DrawdownCurrent decline from peak | 0.00% | -0.43% | +0.43% |
Average DrawdownAverage peak-to-trough decline | -12.43% | -9.18% | -3.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.65% | 2.08% | -0.43% |
Volatility
XDEQ.L vs. ZPRS.DE - Volatility Comparison
The current volatility for Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) is 2.65%, while SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a volatility of 3.73%. This indicates that XDEQ.L 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
| XDEQ.L | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.65% | 3.73% | -1.08% |
Volatility (6M)Calculated over the trailing 6-month period | 7.31% | 10.01% | -2.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 9.90% | 13.64% | -3.74% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.18% | 16.10% | +3.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 20.54% | 17.49% | +3.05% |
XDEQ.L vs. ZPRS.DE - Expense Ratio Comparison
XDEQ.L has a 0.25% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
XDEQ.L vs. ZPRS.DE - Dividend Comparison
Neither XDEQ.L nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
XDEQ.L and ZPRS.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEQ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEQ.L is cheaper with a 0.25% expense ratio, compared with 0.45% for ZPRS.DE.
XDEQ.L tracks MSCI ACWI NR USD, while ZPRS.DE tracks MSCI World Small Cap. They also come from different issuers: Xtrackers and State Street. Their fees differ too: 0.25% for XDEQ.L and 0.45% for ZPRS.DE.
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