ZPRR.DE vs. SPYM.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and SPYM.DE (SPDR MSCI Emerging Markets UCITS ETF) are both exchange-traded funds - ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while SPYM.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets. Both are passively managed. Over the past 10 years, ZPRR.DE returned 10.37%/yr vs 9.90%/yr for SPYM.DE. A 0.60 correlation means they provide meaningful diversification when combined. ZPRR.DE charges 0.30%/yr vs 0.18%/yr for SPYM.DE.
Performance
ZPRR.DE vs. SPYM.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 lower than SPYM.DE's 27.39% return. Both investments have delivered pretty close results over the past 10 years, with ZPRR.DE having a 10.37% annualized return and SPYM.DE not far behind at 9.90%.
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%
SPYM.DE
- 1D
- -1.63%
- 1M
- 6.11%
- YTD
- 27.39%
- 6M
- 29.25%
- 1Y
- 50.03%
- 3Y*
- 21.15%
- 5Y*
- 8.45%
- 10Y*
- 9.90%
ZPRR.DE vs. SPYM.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% |
SPYM.DE SPDR MSCI Emerging Markets UCITS ETF | 27.39% | 19.08% | 14.04% | 6.06% | -14.90% | 5.27% | 6.28% | 22.30% | -11.26% | 19.74% |
Correlation
The correlation between ZPRR.DE and SPYM.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.53 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.55 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.58 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.60 |
The correlation between ZPRR.DE and SPYM.DE has been stable across timeframes, ranging from 0.53 to 0.60 - a consistent structural relationship.
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Return for Risk
ZPRR.DE vs. SPYM.DE — Risk / Return Rank
ZPRR.DE
SPYM.DE
ZPRR.DE vs. SPYM.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 Emerging Markets UCITS ETF (SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.68 | ||
| Sortino ratioReturn per unit of downside risk | -0.80 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.50 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 4.80 | -0.26 |
| Martin ratioReturn relative to average drawdown | 13.24 | 17.28 | -4.03 |
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 | SPYM.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 2.79 | -0.68 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.50 | -0.16 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.54 | -0.06 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.34 | +0.14 |
Drawdowns
ZPRR.DE vs. SPYM.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.20%, which is greater than SPYM.DE's maximum drawdown of -36.28%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and SPYM.DE.
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Drawdown Indicators
| ZPRR.DE | SPYM.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -36.28% | -4.92% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -10.38% | +1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -18.96% | -13.58% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -23.86% | -8.68% |
Max Drawdown (10Y)Largest decline over 10 years | -41.20% | -31.69% | -9.51% |
Current DrawdownCurrent decline from peak | 0.00% | -2.74% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -9.95% | +0.56% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 2.89% | +0.01% |
Volatility
ZPRR.DE vs. SPYM.DE - Volatility Comparison
The current volatility for SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) is 5.38%, while SPDR MSCI Emerging Markets UCITS ETF (SPYM.DE) has a volatility of 7.34%. This indicates that ZPRR.DE experiences smaller price fluctuations and is considered to be less risky than SPYM.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 | SPYM.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 7.34% | -1.96% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 15.16% | -2.90% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 17.87% | +0.33% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 16.78% | +4.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 18.40% | +3.20% |
ZPRR.DE vs. SPYM.DE - Expense Ratio Comparison
ZPRR.DE has a 0.30% expense ratio, which is higher than SPYM.DE's 0.18% expense ratio.
Dividends
ZPRR.DE vs. SPYM.DE - Dividend Comparison
Neither ZPRR.DE nor SPYM.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRR.DE and SPYM.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYM.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYM.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRR.DE.
ZPRR.DE is categorized as Small Cap Blend Equities, while SPYM.DE is Emerging Markets Equities. ZPRR.DE tracks Russell 2000®, while SPYM.DE tracks MSCI Emerging Markets. Their fees differ too: 0.30% for ZPRR.DE and 0.18% for SPYM.DE.
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