ZPRS.DE vs. IQQ0.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and IQQ0.DE (iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc)) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while IQQ0.DE tracks the MSCI World Minimum Volatility. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 6.81%/yr for IQQ0.DE. A 0.65 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.30%/yr for IQQ0.DE.
Performance
ZPRS.DE vs. IQQ0.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 IQQ0.DE's 1.59% return. Over the past 10 years, ZPRS.DE has outperformed IQQ0.DE with an annualized return of 9.81%, while IQQ0.DE has yielded a comparatively lower 6.81% 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%
IQQ0.DE
- 1D
- -0.02%
- 1M
- 1.50%
- YTD
- 1.59%
- 6M
- 1.72%
- 1Y
- -0.28%
- 3Y*
- 6.35%
- 5Y*
- 6.14%
- 10Y*
- 6.81%
ZPRS.DE vs. IQQ0.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% |
IQQ0.DE iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) | 1.59% | -1.26% | 17.64% | 3.73% | -4.34% | 24.26% | -6.77% | 26.17% | 2.03% | 3.11% |
Correlation
The correlation between ZPRS.DE and IQQ0.DE is 0.36, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.36 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.63 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.65 |
Over the past year, the correlation between ZPRS.DE and IQQ0.DE has dropped to 0.36 - well below their long-term average of 0.65, suggesting their price drivers have been diverging.
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Return for Risk
ZPRS.DE vs. IQQ0.DE — Risk / Return Rank
ZPRS.DE
IQQ0.DE
ZPRS.DE vs. IQQ0.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 Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.20 | ||
| Sortino ratioReturn per unit of downside risk | +3.07 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.00 | +0.38 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | -0.05 | +4.19 |
| Martin ratioReturn relative to average drawdown | 15.60 | -0.12 | +15.72 |
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 | IQQ0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | -0.04 | +2.20 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.60 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.58 | -0.02 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.76 | -0.16 |
Drawdowns
ZPRS.DE vs. IQQ0.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than IQQ0.DE's maximum drawdown of -28.65%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and IQQ0.DE.
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Drawdown Indicators
| ZPRS.DE | IQQ0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -28.65% | -11.57% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -5.22% | -2.00% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -12.82% | -11.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -12.82% | -11.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -28.65% | -11.57% |
Current DrawdownCurrent decline from peak | 0.00% | -6.65% | +6.65% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -4.54% | -1.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.44% | -0.52% |
Volatility
ZPRS.DE vs. IQQ0.DE - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.55% compared to iShares Edge MSCI World Minimum Volatility UCITS ETF USD (Acc) (IQQ0.DE) at 2.53%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than IQQ0.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 | IQQ0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.53% | +1.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 5.36% | +4.32% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 7.78% | +6.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 10.08% | +6.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 11.62% | +5.64% |
ZPRS.DE vs. IQQ0.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than IQQ0.DE's 0.30% expense ratio.
Dividends
ZPRS.DE vs. IQQ0.DE - Dividend Comparison
Neither ZPRS.DE nor IQQ0.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and IQQ0.DE have a correlation of 0.36, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IQQ0.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IQQ0.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while IQQ0.DE tracks MSCI World Minimum Volatility. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRS.DE and 0.30% for IQQ0.DE.
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