ZPDW.DE vs. ZPRV.DE
ZPDW.DE (State Street SPDR MSCI Japan EUR Hdg UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPDW.DE is a Japan Equities fund tracking the MSCI Japan 100% Hedged to EUR Index, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, ZPDW.DE returned 15.28%/yr vs 12.36%/yr for ZPRV.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPDW.DE charges 0.17%/yr vs 0.30%/yr for ZPRV.DE.
Performance
ZPDW.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPDW.DE having a 21.38% return and ZPRV.DE slightly lower at 20.36%. Over the past 10 years, ZPDW.DE has outperformed ZPRV.DE with an annualized return of 15.28%, while ZPRV.DE has yielded a comparatively lower 12.36% annualized return.
ZPDW.DE
- 1D
- 1.19%
- 1M
- 1.95%
- 6M
- 21.11%
- YTD
- 21.38%
- 1Y
- 48.83%
- 3Y*
- 26.19%
- 5Y*
- 19.84%
- 10Y*
- 15.28%
ZPRV.DE
- 1D
- 0.02%
- 1M
- 5.86%
- 6M
- 20.88%
- YTD
- 20.36%
- 1Y
- 34.21%
- 3Y*
- 16.63%
- 5Y*
- 11.51%
- 10Y*
- 12.36%
ZPDW.DE vs. ZPRV.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDW.DE State Street SPDR MSCI Japan EUR Hdg UCITS ETF | 21.38% | 27.50% | 22.78% | 33.59% | -5.96% | 12.63% | 7.91% | 16.59% | -16.65% | 19.02% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 20.36% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
Correlation
The correlation between ZPDW.DE and ZPRV.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.52 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.55 |
Correlation (All Time) Calculated using the full available price history since Nov 30, 2015 | 0.57 |
The correlation between ZPDW.DE and ZPRV.DE shifts across timeframes, from 0.44 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDW.DE vs. ZPRV.DE — Risk / Return Rank
ZPDW.DE
ZPRV.DE
ZPDW.DE vs. ZPRV.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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.
| ZPDW.DE | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.20 | ||
| Sortino ratioReturn per unit of downside risk | +0.33 | ||
| Omega ratioGain probability vs. loss probability | 1.45 | 1.39 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 5.04 | 5.80 | -0.76 |
| Martin ratioReturn relative to average drawdown | 16.98 | 18.15 | -1.17 |
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Drawdowns
ZPDW.DE vs. ZPRV.DE - Drawdown Comparison
The maximum ZPDW.DE drawdown since its inception was -34.37%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for ZPDW.DE and ZPRV.DE.
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Drawdown Indicators
| ZPDW.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -34.37% | -46.04% | +11.67% |
Max Drawdown (1Y)Largest decline over 1 year | -9.65% | -5.87% | -3.78% |
Max Drawdown (3Y)Largest decline over 3 years | -21.70% | -31.14% | +9.44% |
Max Drawdown (5Y)Largest decline over 5 years | -21.70% | -31.14% | +9.44% |
Max Drawdown (10Y)Largest decline over 10 years | -34.37% | -46.04% | +11.67% |
Current DrawdownCurrent decline from peak | -2.76% | -1.26% | -1.50% |
Average DrawdownAverage peak-to-trough decline | -7.48% | -9.07% | +1.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.87% | 1.88% | +0.99% |
Volatility
ZPDW.DE vs. ZPRV.DE - Volatility Comparison
State Street SPDR MSCI Japan EUR Hdg UCITS ETF (ZPDW.DE) has a higher volatility of 6.74% compared to SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) at 3.44%. This indicates that ZPDW.DE's price experiences larger fluctuations and is considered to be riskier than ZPRV.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDW.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.74% | 3.44% | +3.30% |
Volatility (6M)Calculated over the trailing 6-month period | 16.09% | 9.54% | +6.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.26% | 15.54% | +4.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.79% | 20.36% | -1.57% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.49% | 22.82% | -4.33% |
ZPDW.DE vs. ZPRV.DE - Expense Ratio Comparison
ZPDW.DE has a 0.17% expense ratio, which is lower than ZPRV.DE's 0.30% expense ratio.
Dividends
ZPDW.DE vs. ZPRV.DE - Dividend Comparison
Neither ZPDW.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDW.DE and ZPRV.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDW.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDW.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for ZPRV.DE.
ZPDW.DE is categorized as Japan Equities, while ZPRV.DE is Small Cap Value Equities. ZPDW.DE tracks MSCI Japan 100% Hedged to EUR Index, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.17% for ZPDW.DE and 0.30% for ZPRV.DE.
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