ZPRS.DE vs. IQQI.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and IQQI.DE (iShares Global Infrastructure UCITS ETF) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while IQQI.DE tracks the FTSE Global Core Infrastructure Index. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 6.89%/yr for IQQI.DE. A 0.58 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.65%/yr for IQQI.DE.
Performance
ZPRS.DE vs. IQQI.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 IQQI.DE's 10.36% return. Over the past 10 years, ZPRS.DE has outperformed IQQI.DE with an annualized return of 9.81%, while IQQI.DE has yielded a comparatively lower 6.89% 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%
IQQI.DE
- 1D
- -1.37%
- 1M
- -2.09%
- YTD
- 10.36%
- 6M
- 9.03%
- 1Y
- 12.31%
- 3Y*
- 8.46%
- 5Y*
- 6.76%
- 10Y*
- 6.89%
ZPRS.DE vs. IQQI.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% |
IQQI.DE iShares Global Infrastructure UCITS ETF | 10.36% | 0.54% | 14.51% | -3.16% | -0.37% | 26.96% | -10.83% | 27.76% | 2.20% | 0.70% |
Correlation
The correlation between ZPRS.DE and IQQI.DE is 0.25, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.25 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.42 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.48 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.56 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.58 |
Over the past year, the correlation between ZPRS.DE and IQQI.DE has dropped to 0.25 - well below their long-term average of 0.58, suggesting their price drivers have been diverging.
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Return for Risk
ZPRS.DE vs. IQQI.DE — Risk / Return Rank
ZPRS.DE
IQQI.DE
ZPRS.DE vs. IQQI.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 Global Infrastructure UCITS ETF (IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.99 | ||
| Sortino ratioReturn per unit of downside risk | +1.32 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.20 | +0.18 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 2.55 | +1.59 |
| Martin ratioReturn relative to average drawdown | 15.60 | 6.21 | +9.39 |
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 | IQQI.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 1.17 | +0.99 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.53 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.48 | +0.08 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.33 | +0.27 |
Drawdowns
ZPRS.DE vs. IQQI.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, roughly equal to the maximum IQQI.DE drawdown of -42.25%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and IQQI.DE.
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Drawdown Indicators
| ZPRS.DE | IQQI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -42.25% | +2.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -4.81% | -2.41% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -14.76% | -9.73% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -24.81% | +0.32% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -34.15% | -6.07% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -11.06% | +4.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.98% | -0.06% |
Volatility
ZPRS.DE vs. IQQI.DE - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) is 3.55%, while iShares Global Infrastructure UCITS ETF (IQQI.DE) has a volatility of 3.88%. This indicates that ZPRS.DE experiences smaller price fluctuations and is considered to be less risky than IQQI.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 | IQQI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.88% | -0.33% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 8.71% | +0.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.48% | +3.35% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 12.70% | +3.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 14.23% | +3.03% |
ZPRS.DE vs. IQQI.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is lower than IQQI.DE's 0.65% expense ratio.
Dividends
ZPRS.DE vs. IQQI.DE - Dividend Comparison
ZPRS.DE has not paid dividends to shareholders, while IQQI.DE's dividend yield for the trailing twelve months is around 2.09%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
IQQI.DE iShares Global Infrastructure UCITS ETF | 2.09% | 2.30% | 2.28% | 2.42% | 2.14% | 1.85% | 2.25% | 2.05% | 2.30% | 2.76% | 2.64% | 3.14% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRS.DE and IQQI.DE have a correlation of 0.25, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRS.DE is cheaper at 0.45% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRS.DE is cheaper with a 0.45% expense ratio, compared with 0.65% for IQQI.DE.
ZPRS.DE tracks MSCI World Small Cap, while IQQI.DE tracks FTSE Global Core Infrastructure Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRS.DE and 0.65% for IQQI.DE.
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