ZPRR.DE vs. SPSM
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPSM (State Street 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 11.31%/yr vs 11.76%/yr for SPSM. A 0.64 correlation means they provide meaningful diversification when combined. ZPRR.DE charges 0.30%/yr vs 0.03%/yr for SPSM.
Performance
ZPRR.DE vs. SPSM - Performance Comparison
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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
In the year-to-date period, ZPRR.DE achieves a 23.72% return, which is significantly lower than SPSM's 26.32% return. Both investments have delivered pretty close results over the past 10 years, with ZPRR.DE having a 11.31% annualized return and SPSM not far ahead at 11.76%.
ZPRR.DE
- 1D
- -0.49%
- 1M
- 5.80%
- YTD
- 23.72%
- 6M
- 23.07%
- 1Y
- 44.71%
- 3Y*
- 17.56%
- 5Y*
- 7.14%
- 10Y*
- 11.31%
SPSM
- 1D
- 1.23%
- 1M
- 7.54%
- YTD
- 26.32%
- 6M
- 23.60%
- 1Y
- 41.34%
- 3Y*
- 15.32%
- 5Y*
- 7.90%
- 10Y*
- 11.76%
ZPRR.DE vs. SPSM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 23.72% | 1.37% | 15.82% | 14.84% | -16.61% | 25.11% | 8.20% | 29.01% | -9.00% | 0.49% |
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF | 26.32% | -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 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
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 2, 2014 | 0.64 |
The correlation between ZPRR.DE and SPSM has been stable across timeframes, ranging from 0.63 to 0.65 - a consistent structural relationship.
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Return for Risk
ZPRR.DE vs. SPSM — Risk / Return Rank
ZPRR.DE
SPSM
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 State Street 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.
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 | SPSM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.04 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.41 | 1.42 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 5.27 | 6.14 | -0.87 |
| Martin ratioReturn relative to average drawdown | 15.63 | 20.48 | -4.85 |
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Drawdowns
ZPRR.DE vs. SPSM - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.22%, 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.
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Drawdown Indicators
| ZPRR.DE | SPSM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.22% | -41.38% | +0.16% |
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 | -41.22% | -41.38% | +0.16% |
Current DrawdownCurrent decline from peak | -0.49% | 0.00% | -0.49% |
Average DrawdownAverage peak-to-trough decline | -9.34% | -7.93% | -1.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.85% | 2.02% | +0.83% |
Volatility
ZPRR.DE vs. SPSM - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) and State Street SPDR Portfolio S&P 600 Small Cap ETF (SPSM) have volatilities of 4.11% and 4.24%, 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 | SPSM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.11% | 4.24% | -0.13% |
Volatility (6M)Calculated over the trailing 6-month period | 12.52% | 11.80% | +0.72% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.18% | 17.24% | +0.94% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 21.01% | 21.00% | +0.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.59% | 23.26% | -1.67% |
ZPRR.DE vs. SPSM - Expense Ratio Comparison
ZPRR.DE has a 0.30% expense ratio, which is higher than SPSM's 0.03% 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 1.38%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPSM State Street SPDR Portfolio S&P 600 Small Cap ETF | 1.38% | 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 0.63, 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 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPSM is cheaper with a 0.03% 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 0.03% for SPSM.
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