ZPRR.DE vs. ETLZ.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and ETLZ.DE (L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc) are both Small Cap Blend Equities funds - ZPRR.DE tracks the Russell 2000® while ETLZ.DE tracks the Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. Both are passively managed. Over the past 10 years, ZPRR.DE returned 10.17%/yr vs 10.75%/yr for ETLZ.DE. With a 0.98 correlation, they move nearly in lockstep. Both charge a 0.30% expense ratio.
Performance
ZPRR.DE vs. ETLZ.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRR.DE having a 22.41% return and ETLZ.DE slightly lower at 21.33%. Over the past 10 years, ZPRR.DE has underperformed ETLZ.DE with an annualized return of 10.17%, while ETLZ.DE has yielded a comparatively higher 10.75% annualized return.
ZPRR.DE
- 1D
- 0.38%
- 1M
- 2.58%
- 6M
- 13.46%
- YTD
- 22.41%
- 1Y
- 41.03%
- 3Y*
- 15.72%
- 5Y*
- 8.10%
- 10Y*
- 10.17%
ETLZ.DE
- 1D
- -0.66%
- 1M
- 1.72%
- 6M
- 15.70%
- YTD
- 21.33%
- 1Y
- 34.15%
- 3Y*
- 14.90%
- 5Y*
- 9.00%
- 10Y*
- 10.75%
ZPRR.DE vs. ETLZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 22.41% | 1.37% | 15.82% | 14.84% | -16.61% | 25.11% | 8.20% | 29.01% | -9.00% | 0.49% |
ETLZ.DE L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc | 21.33% | 0.32% | 15.12% | 16.03% | -14.22% | 30.61% | 8.11% | 28.84% | -9.27% | 0.58% |
Correlation
The correlation between ZPRR.DE and ETLZ.DE is 0.97 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.97 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.98 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.99 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.99 |
Correlation (All Time) Calculated using the full available price history since Jul 2, 2014 | 0.98 |
The correlation between ZPRR.DE and ETLZ.DE has been stable across timeframes, ranging from 0.97 to 0.99 - a consistent structural relationship.
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Return for Risk
ZPRR.DE vs. ETLZ.DE — Risk / Return Rank
ZPRR.DE
ETLZ.DE
ZPRR.DE vs. ETLZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.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.
| ZPRR.DE | ETLZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.09 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.84 | 5.33 | -0.50 |
| Martin ratioReturn relative to average drawdown | 14.16 | 15.94 | -1.78 |
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Drawdowns
ZPRR.DE vs. ETLZ.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.22%, smaller than the maximum ETLZ.DE drawdown of -58.36%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and ETLZ.DE.
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Drawdown Indicators
| ZPRR.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -58.36% | +17.14% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -7.04% | -1.40% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -31.34% | -1.20% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -31.34% | -1.20% |
Max Drawdown (10Y)Largest decline over 10 years | -41.22% | -41.01% | -0.21% |
Current DrawdownCurrent decline from peak | -2.29% | -2.30% | +0.01% |
Average DrawdownAverage peak-to-trough decline | -9.30% | -10.71% | +1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.89% | 2.35% | +0.54% |
Volatility
ZPRR.DE vs. ETLZ.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) and L&G Russell 2000 US Small Cap Quality UCITS ETF USD Acc (ETLZ.DE) have volatilities of 4.42% and 4.22%, 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
| ZPRR.DE | ETLZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.42% | 4.22% | +0.20% |
Volatility (6M)Calculated over the trailing 6-month period | 12.48% | 11.22% | +1.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.29% | 16.57% | +1.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.02% | 19.97% | +1.05% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.57% | 21.00% | +0.57% |
ZPRR.DE vs. ETLZ.DE - Expense Ratio Comparison
Both ZPRR.DE and ETLZ.DE have an expense ratio of 0.30%.
Dividends
ZPRR.DE vs. ETLZ.DE - Dividend Comparison
Neither ZPRR.DE nor ETLZ.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.97, ZPRR.DE and ETLZ.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRR.DE and ETLZ.DE have the same expense ratio: 0.30% per year.
ZPRR.DE tracks Russell 2000®, while ETLZ.DE tracks Russell 2000 0.4 Quality Target Exposure Factor Net Tax Index. They also come from different issuers: State Street and L&G.
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