ZPRS.DE vs. EUNK.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and EUNK.DE (iShares Core MSCI Europe UCITS ETF EUR (Acc)) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while EUNK.DE is a Europe Equities fund tracking the MSCI Europe. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 9.16%/yr for EUNK.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.12%/yr for EUNK.DE.
Performance
ZPRS.DE vs. EUNK.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 higher than EUNK.DE's 7.32% return. Over the past 10 years, ZPRS.DE has outperformed EUNK.DE with an annualized return of 9.81%, while EUNK.DE has yielded a comparatively lower 9.16% annualized 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%
EUNK.DE
- 1D
- 0.60%
- 1M
- 3.36%
- YTD
- 7.32%
- 6M
- 9.77%
- 1Y
- 16.13%
- 3Y*
- 13.70%
- 5Y*
- 9.96%
- 10Y*
- 9.16%
ZPRS.DE vs. EUNK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 30.21% | -11.45% | 7.16% |
EUNK.DE iShares Core MSCI Europe UCITS ETF EUR (Acc) | 7.32% | 20.34% | 8.22% | 15.78% | -9.07% | 24.95% | -3.14% | 27.85% | -10.93% | 10.51% |
Correlation
The correlation between ZPRS.DE and EUNK.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.76 |
The correlation between ZPRS.DE and EUNK.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. EUNK.DE — Risk / Return Rank
ZPRS.DE
EUNK.DE
ZPRS.DE vs. EUNK.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 iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.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 | EUNK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.91 | ||
| Sortino ratioReturn per unit of downside risk | +1.22 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.24 | +0.14 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 1.69 | +2.45 |
| Martin ratioReturn relative to average drawdown | 15.60 | 6.26 | +9.34 |
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 | EUNK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.25 | +0.91 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.59 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.52 | +0.08 |
Drawdowns
ZPRS.DE vs. EUNK.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than EUNK.DE's maximum drawdown of -35.45%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and EUNK.DE.
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Drawdown Indicators
| ZPRS.DE | EUNK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -35.45% | -4.77% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -9.52% | +2.30% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -16.58% | -7.91% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -19.45% | -5.04% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -35.45% | -4.77% |
Current DrawdownCurrent decline from peak | 0.00% | -1.68% | +1.68% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -5.31% | -1.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.57% | -0.65% |
Volatility
ZPRS.DE vs. EUNK.DE - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) is 3.55%, while iShares Core MSCI Europe UCITS ETF EUR (Acc) (EUNK.DE) has a volatility of 4.33%. This indicates that ZPRS.DE experiences smaller price fluctuations and is considered to be less risky than EUNK.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 | EUNK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 4.33% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 10.59% | -0.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 12.85% | +0.98% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 14.20% | +2.38% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 15.49% | +1.77% |
ZPRS.DE vs. EUNK.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than EUNK.DE's 0.12% expense ratio.
Dividends
ZPRS.DE vs. EUNK.DE - Dividend Comparison
Neither ZPRS.DE nor EUNK.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and EUNK.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, EUNK.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EUNK.DE is cheaper with a 0.12% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while EUNK.DE is Europe Equities. ZPRS.DE tracks MSCI World Small Cap, while EUNK.DE tracks MSCI Europe. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRS.DE and 0.12% for EUNK.DE.
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