ZPRR.DE vs. SPPW.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRR.DE returned 7.11%/yr vs 13.03%/yr for SPPW.DE. Their correlation of 0.81 suggests significant overlap in exposure. ZPRR.DE charges 0.30%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRR.DE vs. SPPW.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRR.DE achieves a 17.93% return, which is significantly higher than SPPW.DE's 10.85% return.
ZPRR.DE
- 1D
- 0.93%
- 1M
- 4.09%
- YTD
- 17.93%
- 6M
- 16.88%
- 1Y
- 38.46%
- 3Y*
- 15.40%
- 5Y*
- 7.11%
- 10Y*
- 10.37%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRR.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 17.93% | 1.37% | 15.82% | 14.82% | -16.60% | 25.11% | 8.22% | 8.48% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRR.DE and SPPW.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.81 |
The correlation between ZPRR.DE and SPPW.DE has been stable across timeframes, ranging from 0.76 to 0.81 - a consistent structural relationship.
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Return for Risk
ZPRR.DE vs. SPPW.DE — Risk / Return Rank
ZPRR.DE
SPPW.DE
ZPRR.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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.
| ZPRR.DE | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.05 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.40 | -0.05 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.66 | +0.87 |
| Martin ratioReturn relative to average drawdown | 13.24 | 14.69 | -1.45 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRR.DE | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.16 | -0.05 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.92 | -0.58 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.86 | -0.38 |
Drawdowns
ZPRR.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.20%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and SPPW.DE.
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Drawdown Indicators
| ZPRR.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -33.69% | -7.51% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -6.51% | -1.93% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -21.62% | -10.92% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -21.62% | -10.92% |
Max Drawdown (10Y)Largest decline over 10 years | -41.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -4.43% | -4.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.63% | +1.27% |
Volatility
ZPRR.DE vs. SPPW.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a higher volatility of 5.38% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRR.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRR.DE | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 2.70% | +2.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 7.62% | +4.64% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 11.11% | +7.09% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 14.06% | +6.92% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 16.08% | +5.52% |
ZPRR.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRR.DE has a 0.30% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
ZPRR.DE vs. SPPW.DE - Dividend Comparison
Neither ZPRR.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRR.DE and SPPW.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ZPRR.DE.
ZPRR.DE is categorized as Small Cap Blend Equities, while SPPW.DE is Global Equities. ZPRR.DE tracks Russell 2000®, while SPPW.DE tracks MSCI World. Their fees differ too: 0.30% for ZPRR.DE and 0.12% for SPPW.DE.
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