ZPRS.DE vs. AMEC.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and AMEC.DE (Amundi Index Smart City UCITS ETF) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while AMEC.DE tracks the Solactive Smart City. Both are passively managed. Over the past 5 years, ZPRS.DE returned 7.87%/yr vs 6.68%/yr for AMEC.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPRS.DE charges 0.45%/yr vs 0.35%/yr for AMEC.DE.
Performance
ZPRS.DE vs. AMEC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRS.DE achieves a 14.70% return, which is significantly lower than AMEC.DE's 30.58% return.
ZPRS.DE
- 1D
- 0.46%
- 1M
- 3.86%
- YTD
- 14.70%
- 6M
- 15.69%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
AMEC.DE
- 1D
- -1.34%
- 1M
- 10.78%
- YTD
- 30.58%
- 6M
- 29.29%
- 1Y
- 46.14%
- 3Y*
- 17.35%
- 5Y*
- 6.68%
- 10Y*
- —
ZPRS.DE vs. AMEC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 3.57% |
AMEC.DE Amundi Index Smart City UCITS ETF | 30.58% | 9.65% | 16.27% | 1.43% | -18.74% | 9.30% | 9.10% | 3.62% |
Correlation
The correlation between ZPRS.DE and AMEC.DE is 0.84, 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 | 0.84 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.83 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.83 |
The correlation between ZPRS.DE and AMEC.DE has been stable across timeframes, ranging from 0.82 to 0.84 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. AMEC.DE — Risk / Return Rank
ZPRS.DE
AMEC.DE
ZPRS.DE vs. AMEC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) and Amundi Index Smart City UCITS ETF (AMEC.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.
| ZPRS.DE | AMEC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.49 | ||
| Sortino ratioReturn per unit of downside risk | -0.58 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.45 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 5.09 | -0.95 |
| Martin ratioReturn relative to average drawdown | 15.60 | 16.11 | -0.51 |
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
| ZPRS.DE | AMEC.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.65 | -0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.38 | +0.09 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.44 | +0.16 |
Drawdowns
ZPRS.DE vs. AMEC.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than AMEC.DE's maximum drawdown of -35.49%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and AMEC.DE.
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Drawdown Indicators
| ZPRS.DE | AMEC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -35.49% | -4.73% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.02% | +1.80% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -24.98% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -27.33% | +2.84% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -1.34% | +1.34% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -11.50% | +5.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.86% | -0.94% |
Volatility
ZPRS.DE vs. AMEC.DE - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) is 3.55%, while Amundi Index Smart City UCITS ETF (AMEC.DE) has a volatility of 6.73%. This indicates that ZPRS.DE experiences smaller price fluctuations and is considered to be less risky than AMEC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRS.DE | AMEC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 6.73% | -3.18% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 13.09% | -3.41% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 17.36% | -3.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 17.51% | -0.93% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 19.22% | -1.96% |
ZPRS.DE vs. AMEC.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than AMEC.DE's 0.35% expense ratio.
Dividends
ZPRS.DE vs. AMEC.DE - Dividend Comparison
Neither ZPRS.DE nor AMEC.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and AMEC.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AMEC.DE is cheaper at 0.35% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AMEC.DE is cheaper with a 0.35% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while AMEC.DE tracks Solactive Smart City. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.45% for ZPRS.DE and 0.35% for AMEC.DE.
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