ZPRR.DE vs. SPYL.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPRR.DE returned 38.46% vs 25.61% for SPYL.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPRR.DE charges 0.30%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPRR.DE vs. SPYL.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 SPYL.DE's 11.37% 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%
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRR.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 17.93% | 1.37% | 15.82% | 18.70% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ZPRR.DE and SPYL.DE is 0.76, 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 | 0.76 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.72 |
The correlation between ZPRR.DE and SPYL.DE has been stable across timeframes, ranging from 0.72 to 0.76 - 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. SPYL.DE — Risk / Return Rank
ZPRR.DE
SPYL.DE
ZPRR.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.11 | ||
| Sortino ratioReturn per unit of downside risk | -0.12 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.41 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 3.58 | +0.96 |
| Martin ratioReturn relative to average drawdown | 13.24 | 12.72 | +0.52 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.21 | -0.11 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | — | — |
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 | 1.54 | -1.06 |
Drawdowns
ZPRR.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.20%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and SPYL.DE.
Loading charts...
Drawdown Indicators
| ZPRR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -23.27% | -17.93% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -7.13% | -1.31% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -41.20% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -3.24% | -6.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.01% | +0.89% |
Volatility
ZPRR.DE vs. SPYL.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a higher volatility of 5.38% compared to State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ZPRR.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRR.DE | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 2.66% | +2.72% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 7.57% | +4.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 11.52% | +6.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 14.61% | +6.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 14.61% | +6.99% |
ZPRR.DE vs. SPYL.DE - Expense Ratio Comparison
ZPRR.DE has a 0.30% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
ZPRR.DE vs. SPYL.DE - Dividend Comparison
Neither ZPRR.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRR.DE and SPYL.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRR.DE.
ZPRR.DE is categorized as Small Cap Blend Equities, while SPYL.DE is S&P 500. ZPRR.DE tracks Russell 2000®, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.30% for ZPRR.DE and 0.03% for SPYL.DE.
Find the right allocation for ZPRR.DE and SPYL.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