ZPRR.DE vs. ZPRX.DE
ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPRR.DE returned 10.37%/yr vs 8.15%/yr for ZPRX.DE. A 0.67 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ZPRR.DE vs. ZPRX.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 higher than ZPRX.DE's 7.81% return. Over the past 10 years, ZPRR.DE has outperformed ZPRX.DE with an annualized return of 10.37%, while ZPRX.DE has yielded a comparatively lower 8.15% 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%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPRR.DE vs. ZPRX.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% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPRR.DE and ZPRX.DE 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 | 0.61 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.67 |
The correlation between ZPRR.DE and ZPRX.DE has been stable across timeframes, ranging from 0.61 to 0.67 - a consistent structural relationship.
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Return for Risk
ZPRR.DE vs. ZPRX.DE — Risk / Return Rank
ZPRR.DE
ZPRX.DE
ZPRR.DE vs. ZPRX.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 Europe Small Cap Value Weighted UCITS ETF (ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.88 | ||
| Sortino ratioReturn per unit of downside risk | +1.07 | ||
| Omega ratioGain probability vs. loss probability | 1.35 | 1.22 | +0.13 |
| Calmar ratioReturn relative to maximum drawdown | 4.53 | 1.47 | +3.07 |
| Martin ratioReturn relative to average drawdown | 13.24 | 5.42 | +7.82 |
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 | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.10 | 1.23 | +0.88 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.33 | 0.46 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.48 | 0.45 | +0.03 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.48 | 0.39 | +0.09 |
Drawdowns
ZPRR.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPRR.DE drawdown since its inception was -41.20%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPRR.DE and ZPRX.DE.
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Drawdown Indicators
| ZPRR.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.20% | -43.93% | +2.73% |
Max Drawdown (1Y)Largest decline over 1 year | -8.44% | -11.63% | +3.19% |
Max Drawdown (3Y)Largest decline over 3 years | -32.54% | -15.95% | -16.59% |
Max Drawdown (5Y)Largest decline over 5 years | -32.54% | -27.52% | -5.02% |
Max Drawdown (10Y)Largest decline over 10 years | -41.20% | -43.93% | +2.73% |
Current DrawdownCurrent decline from peak | 0.00% | -1.51% | +1.51% |
Average DrawdownAverage peak-to-trough decline | -9.39% | -7.71% | -1.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.90% | 3.16% | -0.26% |
Volatility
ZPRR.DE vs. ZPRX.DE - Volatility Comparison
SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a higher volatility of 5.38% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that ZPRR.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.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 | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.38% | 4.17% | +1.21% |
Volatility (6M)Calculated over the trailing 6-month period | 12.26% | 11.30% | +0.96% |
Volatility (1Y)Calculated over the trailing 1-year period | 18.20% | 13.94% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.98% | 16.69% | +4.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.60% | 18.14% | +3.46% |
ZPRR.DE vs. ZPRX.DE - Expense Ratio Comparison
Both ZPRR.DE and ZPRX.DE have an expense ratio of 0.30%.
Dividends
ZPRR.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPRR.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRR.DE and ZPRX.DE 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.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRR.DE and ZPRX.DE have the same expense ratio: 0.30% per year.
ZPRR.DE is categorized as Small Cap Blend Equities, while ZPRX.DE is Europe Equities. ZPRR.DE tracks Russell 2000®, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted.
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