PortfoliosLab logoPortfoliosLab logo

Documentation

Upgrade your plan
ZPRR.DE vs. SPSM
Performance
Return for Risk
Drawdowns
Volatility
Dividends

ZPRR.DE vs. SPSM

Last updated Jun 5, 2026

ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPSM (SPDR Portfolio S&P 600 Small Cap ETF) are both Small Cap Blend Equities funds from State Street - ZPRR.DE tracks the Russell 2000® while SPSM tracks the S&P SmallCap 600 Index. Both are passively managed. Over the past 10 years, ZPRR.DE returned 10.37%/yr vs 10.51%/yr for SPSM. A 0.64 correlation means they provide meaningful diversification when combined. ZPRR.DE charges 0.30%/yr vs 0.05%/yr for SPSM.

Performance

ZPRR.DE vs. SPSM - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) and SPDR Portfolio S&P 600 Small Cap ETF (SPSM). The values are adjusted to include any dividend payments, if applicable.

Loading charts...

Different Trading Currencies

ZPRR.DE is traded in EUR, while SPSM is traded in USD. To make them comparable, the SPSM values have been converted to EUR using the latest available exchange rates.

Returns By Period

The year-to-date returns for both investments are quite close, with ZPRR.DE having a 17.93% return and SPSM slightly higher at 18.13%. Both investments have delivered pretty close results over the past 10 years, with ZPRR.DE having a 10.37% annualized return and SPSM not far ahead at 10.51%.

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%

SPSM

1D
1.18%
1M
2.17%
YTD
18.13%
6M
16.11%
1Y
31.34%
3Y*
12.64%
5Y*
6.98%
10Y*
10.51%
*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRR.DE vs. SPSM - Yearly Performance Comparison

2026 (YTD)202520242023202220212020201920182017
ZPRR.DE
SPDR Russell 2000 US Small Cap UCITS ETF		17.93%1.37%15.82%14.82%-16.60%25.11%8.22%28.97%-8.99%0.49%
SPSM
SPDR Portfolio S&P 600 Small Cap ETF		18.13%-6.48%15.71%12.63%-10.92%36.15%2.48%28.70%-7.00%1.25%

Correlation

The correlation between ZPRR.DE and SPSM is 0.65, 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

0.65

Correlation (3Y)
Calculated over the trailing 3-year period

0.66

Correlation (5Y)
Calculated over the trailing 5-year period

0.64

Correlation (10Y)
Calculated over the trailing 10-year period

0.64

Correlation (All Time)
Calculated using the full available price history since Jul 3, 2014

0.64

The correlation between ZPRR.DE and SPSM has been stable across timeframes, ranging from 0.64 to 0.66 - a consistent structural relationship.

Compare stocks, funds, or ETFs

Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.

SPDR Russell 2000 US Small Cap UCITS ETF

SPDR Portfolio S&P 600 Small Cap ETF

Often compared with ZPRR.DE:
ZPRR.DE vs. ZPRV.DEZPRR.DE vs. XRS2.DEZPRR.DE vs. RS2K.DEZPRR.DE vs. IWMZPRR.DE vs. SPYZPRR.DE vs. JEPIZPRR.DE vs. SXR8.DE
Often compared with SPSM:
SPSM vs. IWMSPSM vs. IJRSPSM vs. AVUVSPSM vs. VBSPSM vs. SCHASPSM vs. VIOOSPSM vs. ISCB

Return for Risk

ZPRR.DE vs. SPSM — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.
ZPRR.DE
ZPRR.DE Risk / Return Rank: 6868
Overall Rank
ZPRR.DE Sharpe Ratio Rank: 6464
Sharpe Ratio Rank
ZPRR.DE Sortino Ratio Rank: 6363
Sortino Ratio Rank
ZPRR.DE Omega Ratio Rank: 5858
Omega Ratio Rank
ZPRR.DE Calmar Ratio Rank: 8484
Calmar Ratio Rank
ZPRR.DE Martin Ratio Rank: 7272
Martin Ratio Rank
SPSM
SPSM Risk / Return Rank: 6565
Overall Rank
SPSM Sharpe Ratio Rank: 5959
Sharpe Ratio Rank
SPSM Sortino Ratio Rank: 6060
Sortino Ratio Rank
SPSM Omega Ratio Rank: 5555
Omega Ratio Rank
SPSM Calmar Ratio Rank: 7777
Calmar Ratio Rank
SPSM Martin Ratio Rank: 7070
Martin Ratio Rank
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.

ZPRR.DE vs. SPSM - 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 Portfolio S&P 600 Small Cap ETF (SPSM). 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.DESPSMDifference
Sharpe ratioReturn per unit of total volatility
2.10
1.84

+0.27

Sortino ratioReturn per unit of downside risk
2.89
2.56

+0.32

Omega ratioGain probability vs. loss probability

1.35

1.32

+0.04

Calmar ratioReturn relative to maximum drawdown

4.53

4.65

-0.12

Martin ratioReturn relative to average drawdown

13.24

14.82

-1.58

Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRR.DE vs. SPSM - Sharpe Ratio Comparison

The current ZPRR.DE Sharpe Ratio is 2.10, which is comparable to the SPSM Sharpe Ratio of 1.84. The chart below compares the historical Sharpe Ratios of ZPRR.DE and SPSM, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Loading charts...

Sharpe Ratios by Period

ZPRR.DESPSMDifference

Sharpe Ratio (1Y)

Calculated over the trailing 1-year period

2.10

1.84

+0.27

Sharpe Ratio (5Y)

Calculated over the trailing 5-year period

0.33

0.33

0.00

Sharpe Ratio (10Y)

Calculated over the trailing 10-year period

0.48

0.45

+0.02

Sharpe Ratio (All Time)

Calculated using the full available price history

0.48

0.48

0.00

Drawdowns

ZPRR.DE vs. SPSM - Drawdown Comparison

The maximum ZPRR.DE drawdown since its inception was -41.20%, roughly equal to the maximum SPSM drawdown of -41.38%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and SPSM.

Loading charts...

Drawdown Indicators

ZPRR.DESPSMDifference

Max Drawdown

Largest peak-to-trough decline

-41.20%

-41.38%

+0.18%

Max Drawdown (1Y)

Largest decline over 1 year

-8.44%

-6.76%

-1.68%

Max Drawdown (3Y)

Largest decline over 3 years

-32.54%

-31.59%

-0.95%

Max Drawdown (5Y)

Largest decline over 5 years

-32.54%

-31.59%

-0.95%

Max Drawdown (10Y)

Largest decline over 10 years

-41.20%

-41.38%

+0.18%

Current Drawdown

Current decline from peak

0.00%

0.00%

0.00%

Average Drawdown

Average peak-to-trough decline

-9.39%

-7.96%

-1.43%

Ulcer Index

Depth and duration of drawdowns from previous peaks

2.90%

2.12%

+0.78%

Volatility

ZPRR.DE vs. SPSM - Volatility Comparison

SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a higher volatility of 5.38% compared to SPDR Portfolio S&P 600 Small Cap ETF (SPSM) at 3.80%. This indicates that ZPRR.DE's price experiences larger fluctuations and is considered to be riskier than SPSM based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Loading charts...

Volatility by Period

ZPRR.DESPSMDifference

Volatility (1M)

Calculated over the trailing 1-month period

5.38%

3.80%

+1.58%

Volatility (6M)

Calculated over the trailing 6-month period

12.26%

11.41%

+0.85%

Volatility (1Y)

Calculated over the trailing 1-year period

18.20%

17.15%

+1.05%

Volatility (5Y)

Calculated over the trailing 5-year period, annualized

20.98%

21.01%

-0.03%

Volatility (10Y)

Calculated over the trailing 10-year period, annualized

21.60%

23.24%

-1.64%

ZPRR.DE vs. SPSM - Expense Ratio Comparison

ZPRR.DE has a 0.30% expense ratio, which is higher than SPSM's 0.05% expense ratio.

Dividends

ZPRR.DE vs. SPSM - Dividend Comparison

ZPRR.DE has not paid dividends to shareholders, while SPSM's dividend yield for the trailing twelve months is around 1.41%.

PositionTTM20252024202320222021202020192018201720162015
SPSM
SPDR Portfolio S&P 600 Small Cap ETF		1.41%1.62%1.85%1.61%1.38%1.40%1.34%1.58%1.82%1.51%1.49%2.37%
ZPRR.DE
SPDR Russell 2000 US Small Cap 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%

Frequently Asked Questions

ZPRR.DE and SPSM have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

On fees, SPSM is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.

SPSM is cheaper with a 0.05% expense ratio, compared with 0.30% for ZPRR.DE.

ZPRR.DE tracks Russell 2000®, while SPSM tracks S&P SmallCap 600 Index. Their fees differ too: 0.30% for ZPRR.DE and 0.05% for SPSM.

Portfolio Optimizer

Find the right allocation for ZPRR.DE and SPSM

Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.

Open Portfolio Optimizer