ZPRR.DE vs. SPYI.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPYI.DE (SPDR MSCI ACWI IMI UCITS ETF) are both exchange-traded funds - ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while SPYI.DE is a Global Equities fund tracking the MSCI All Country World Investable Market (ACWI IMI). Both are passively managed. Over the past 10 years, ZPRR.DE returned 10.37%/yr vs 12.12%/yr for SPYI.DE. A 0.78 correlation means they provide meaningful diversification when combined. ZPRR.DE charges 0.30%/yr vs 0.17%/yr for SPYI.DE.
Performance
ZPRR.DE vs. SPYI.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRR.DE achieves a 17.93% return, which is significantly higher than SPYI.DE's 13.27% return. Over the past 10 years, ZPRR.DE has underperformed SPYI.DE with an annualized return of 10.37%, while SPYI.DE has yielded a comparatively higher 12.12% annualized 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%
SPYI.DE
- 1D
- -0.12%
- 1M
- 5.15%
- YTD
- 13.27%
- 6M
- 13.93%
- 1Y
- 27.79%
- 3Y*
- 17.57%
- 5Y*
- 12.01%
- 10Y*
- 12.12%
ZPRR.DE vs. SPYI.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 | 17.93% | 1.37% | 15.82% | 14.82% | -16.60% | 25.11% | 8.22% | 28.97% | -8.99% | 0.49% |
SPYI.DE SPDR MSCI ACWI IMI UCITS ETF | 13.27% | 9.10% | 22.92% | 17.54% | -12.90% | 27.74% | 5.39% | 29.64% | -6.71% | 8.46% |
Correlation
The correlation between ZPRR.DE and SPYI.DE is 0.81, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.81 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.81 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.78 |
The correlation between ZPRR.DE and SPYI.DE has been stable across timeframes, ranging from 0.78 to 0.82 - 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.
Return for Risk
ZPRR.DE vs. SPYI.DE — Risk / Return Rank
ZPRR.DE
SPYI.DE
ZPRR.DE vs. SPYI.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 ACWI IMI UCITS ETF (SPYI.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 | SPYI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.31 | ||
| Sortino ratioReturn per unit of downside risk | -0.49 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.45 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 4.32 | +0.22 |
| Martin ratioReturn relative to average drawdown | 13.24 | 17.43 | -4.19 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRR.DE | SPYI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.41 | -0.31 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.85 | -0.52 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.81 | -0.33 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.84 | -0.36 |
Drawdowns
ZPRR.DE vs. SPYI.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.20%, which is greater than SPYI.DE's maximum drawdown of -34.60%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and SPYI.DE.
Loading charts...
Drawdown Indicators
| ZPRR.DE | SPYI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -34.60% | -6.60% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -6.41% | -2.03% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -21.66% | -10.88% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -21.66% | -10.88% |
Max Drawdown (10Y)Largest decline over 10 years | -41.20% | -34.60% | -6.60% |
Current DrawdownCurrent decline from peak | 0.00% | -0.56% | +0.56% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -4.34% | -5.05% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 1.59% | +1.31% |
Volatility
ZPRR.DE vs. SPYI.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a higher volatility of 5.38% compared to SPDR MSCI ACWI IMI UCITS ETF (SPYI.DE) at 3.11%. This indicates that ZPRR.DE's price experiences larger fluctuations and is considered to be riskier than SPYI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRR.DE | SPYI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 3.11% | +2.27% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 8.21% | +4.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 11.48% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 13.90% | +7.08% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 15.18% | +6.42% |
ZPRR.DE vs. SPYI.DE - Expense Ratio Comparison
ZPRR.DE has a 0.30% expense ratio, which is higher than SPYI.DE's 0.17% expense ratio.
Dividends
ZPRR.DE vs. SPYI.DE - Dividend Comparison
Neither ZPRR.DE nor SPYI.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRR.DE and SPYI.DE have a correlation of 0.81, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYI.DE is cheaper at 0.17% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYI.DE is cheaper with a 0.17% expense ratio, compared with 0.30% for ZPRR.DE.
ZPRR.DE is categorized as Small Cap Blend Equities, while SPYI.DE is Global Equities. ZPRR.DE tracks Russell 2000®, while SPYI.DE tracks MSCI All Country World Investable Market (ACWI IMI). Their fees differ too: 0.30% for ZPRR.DE and 0.17% for SPYI.DE.
Find the right allocation for ZPRR.DE and SPYI.DE
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