ZPRS.DE vs. IWDA.AS
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while IWDA.AS tracks the MSCI World Index. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 12.81%/yr for IWDA.AS. Their correlation of 0.85 suggests significant overlap in exposure. ZPRS.DE charges 0.45%/yr vs 0.20%/yr for IWDA.AS.
Performance
ZPRS.DE vs. IWDA.AS - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRS.DE achieves a 14.70% return, which is significantly higher than IWDA.AS's 11.06% return. Over the past 10 years, ZPRS.DE has underperformed IWDA.AS with an annualized return of 9.81%, while IWDA.AS has yielded a comparatively higher 12.81% annualized return.
ZPRS.DE
- 1D
- 0.46%
- 1M
- 2.46%
- YTD
- 14.70%
- 6M
- 15.24%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
IWDA.AS
- 1D
- -0.03%
- 1M
- 4.79%
- YTD
- 11.06%
- 6M
- 11.31%
- 1Y
- 23.80%
- 3Y*
- 17.53%
- 5Y*
- 12.88%
- 10Y*
- 12.81%
ZPRS.DE vs. IWDA.AS - 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% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.06% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between ZPRS.DE and IWDA.AS is 0.83, 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 | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.85 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.87 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.85 |
The correlation between ZPRS.DE and IWDA.AS has been stable across timeframes, ranging from 0.81 to 0.87 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRS.DE vs. IWDA.AS — Risk / Return Rank
ZPRS.DE
IWDA.AS
ZPRS.DE vs. IWDA.AS - 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 World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.04 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 3.64 | +0.50 |
| Martin ratioReturn relative to average drawdown | 15.60 | 14.53 | +1.07 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRS.DE | IWDA.AS | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.15 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.90 | -0.43 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.84 | -0.28 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.82 | -0.22 |
Drawdowns
ZPRS.DE vs. IWDA.AS - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and IWDA.AS.
Loading charts...
Drawdown Indicators
| ZPRS.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -33.63% | -6.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.45% | -0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -21.59% | -2.90% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -21.59% | -2.90% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -33.63% | -6.59% |
Current DrawdownCurrent decline from peak | 0.00% | -0.34% | +0.34% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -4.25% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.63% | +0.29% |
Volatility
ZPRS.DE vs. IWDA.AS - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.55% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.62%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRS.DE | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.62% | +0.93% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.61% | +2.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.90% | +2.93% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 14.08% | +2.50% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 14.99% | +2.27% |
ZPRS.DE vs. IWDA.AS - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than IWDA.AS's 0.20% expense ratio.
Dividends
ZPRS.DE vs. IWDA.AS - Dividend Comparison
Neither ZPRS.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and IWDA.AS have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IWDA.AS is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IWDA.AS is cheaper with a 0.20% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while IWDA.AS tracks MSCI World Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRS.DE and 0.20% for IWDA.AS.
Find the right allocation for ZPRS.DE and IWDA.AS
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer