ZPRG.DE vs. ZPRX.DE

Last updated Apr 2, 2026

Compare and contrast key facts about SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE).

ZPRG.DE and ZPRX.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRG.DE is a passively managed fund by State Street that tracks the performance of the S&P Global Dividend Aristocrats Quality Income Index. It was launched on May 14, 2013. ZPRX.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Small Cap Value Weighted. It was launched on Feb 18, 2015. Both ZPRG.DE and ZPRX.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.

Performance

ZPRG.DE vs. ZPRX.DE - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE). The values are adjusted to include any dividend payments, if applicable.

ZPRG.DE vs. ZPRX.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS	4.09%	5.03%	13.19%	3.49%	-1.17%	25.19%	-17.51%	23.62%	-5.27%	4.22%
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF	-1.45%	26.81%	4.28%	15.28%	-13.52%	27.58%	-3.52%	29.02%	-19.20%	12.89%

Returns By Period

In the year-to-date period, ZPRG.DE achieves a 4.09% return, which is significantly higher than ZPRX.DE's -1.45% return. Over the past 10 years, ZPRG.DE has underperformed ZPRX.DE with an annualized return of 6.27%, while ZPRX.DE has yielded a comparatively higher 7.65% annualized return.

ZPRG.DE

• 1D: 0.46%
• 1M: -2.99%
• YTD: 4.09%
• 6M: 7.58%
• 1Y: 8.41%
• 3Y*: 9.92%
• 5Y*: 6.73%
• 10Y*: 6.27%

ZPRX.DE

• 1D: 2.32%
• 1M: -5.85%
• YTD: -1.45%
• 6M: 2.76%
• 1Y: 15.41%
• 3Y*: 12.28%
• 5Y*: 7.32%
• 10Y*: 7.65%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRG.DE vs. ZPRX.DE - Expense Ratio Comparison

ZPRG.DE has a 0.45% expense ratio, which is higher than ZPRX.DE's 0.30% expense ratio.

ZPRG.DE

SPDR S&P Global Dividend Aristocrats UCITS

ZPRX.DE

SPDR MSCI Europe Small Cap Value Weighted UCITS ETF

Return for Risk

ZPRG.DE vs. ZPRX.DE — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRG.DE

ZPRG.DE Risk / Return Rank: 34
ZPRG.DE Sharpe Ratio Rank: 33
ZPRG.DE Sortino Ratio Rank: 29
ZPRG.DE Omega Ratio Rank: 30
ZPRG.DE Calmar Ratio Rank: 33
ZPRG.DE Martin Ratio Rank: 42

ZPRX.DE

ZPRX.DE Risk / Return Rank: 49
ZPRX.DE Sharpe Ratio Rank: 50
ZPRX.DE Sortino Ratio Rank: 47
ZPRX.DE Omega Ratio Rank: 47
ZPRX.DE Calmar Ratio Rank: 51
ZPRX.DE Martin Ratio Rank: 51

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRG.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) 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.

	ZPRG.DE	ZPRX.DE	Difference
Sharpe ratio Return per unit of total volatility	0.67	0.95	-0.28
Sortino ratio Return per unit of downside risk	0.95	1.33	-0.38
Omega ratio Gain probability vs. loss probability	1.13	1.19	-0.06
Calmar ratio Return relative to maximum drawdown	0.96	1.39	-0.43
Martin ratio Return relative to average drawdown	4.46	5.22	-0.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRG.DE vs. ZPRX.DE - Sharpe Ratio Comparison

The current ZPRG.DE Sharpe Ratio is 0.67, which is comparable to the ZPRX.DE Sharpe Ratio of 0.95. The chart below compares the historical Sharpe Ratios of ZPRG.DE and ZPRX.DE, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	ZPRG.DE	ZPRX.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.67	0.95	-0.28
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.54	0.44	+0.10
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.42	0.42	-0.01
Sharpe Ratio (All Time) Calculated using the full available price history	0.44	0.35	+0.08

Correlation

The correlation between ZPRG.DE and ZPRX.DE is 0.73, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.

Dividends

ZPRG.DE vs. ZPRX.DE - Dividend Comparison

ZPRG.DE's dividend yield for the trailing twelve months is around 4.02%, while ZPRX.DE has not paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
ZPRG.DE SPDR S&P Global Dividend Aristocrats UCITS	4.02%	4.25%	3.73%	4.22%	4.49%	3.57%	3.98%	3.44%	3.95%	3.36%	3.62%	3.80%
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%

Drawdowns

ZPRG.DE vs. ZPRX.DE - Drawdown Comparison

The maximum ZPRG.DE drawdown since its inception was -42.08%, roughly equal to the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPRG.DE and ZPRX.DE.

Drawdown Indicators

	ZPRG.DE	ZPRX.DE	Difference
Max Drawdown Largest peak-to-trough decline	-42.08%	-43.93%	+1.85%
Max Drawdown (1Y) Largest decline over 1 year	-11.88%	-11.87%	-0.01%
Max Drawdown (5Y) Largest decline over 5 years	-18.50%	-27.52%	+9.02%
Max Drawdown (10Y) Largest decline over 10 years	-42.08%	-43.93%	+1.85%
Current Drawdown Current decline from peak	-3.61%	-7.81%	+4.20%
Average Drawdown Average peak-to-trough decline	-6.69%	-7.79%	+1.10%
Ulcer Index Depth and duration of drawdowns from previous peaks	2.04%	3.10%	-1.06%

Volatility

ZPRG.DE vs. ZPRX.DE - Volatility Comparison

The current volatility for SPDR S&P Global Dividend Aristocrats UCITS (ZPRG.DE) is 2.92%, while SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a volatility of 6.33%. This indicates that ZPRG.DE 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.

Volatility by Period

	ZPRG.DE	ZPRX.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.92%	6.33%	-3.41%
Volatility (6M) Calculated over the trailing 6-month period	6.77%	10.26%	-3.49%
Volatility (1Y) Calculated over the trailing 1-year period	12.49%	16.11%	-3.62%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	12.42%	16.57%	-4.15%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	15.00%	18.09%	-3.09%