ZPRS.DE vs. MVEW.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and MVEW.DE (iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc)) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while MVEW.DE tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 5 years, ZPRS.DE returned 7.87%/yr vs 6.47%/yr for MVEW.DE. A 0.63 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.30%/yr for MVEW.DE.
Performance
ZPRS.DE vs. MVEW.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 MVEW.DE's 1.17% 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%
MVEW.DE
- 1D
- 0.07%
- 1M
- 1.79%
- YTD
- 1.17%
- 6M
- 1.16%
- 1Y
- 0.46%
- 3Y*
- 6.53%
- 5Y*
- 6.47%
- 10Y*
- —
ZPRS.DE vs. MVEW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 36.08% |
MVEW.DE iShares Edge MSCI World Minimum Volatility ESG UCITS ETF (Acc) | 1.17% | -0.99% | 17.25% | 6.27% | -5.98% | 26.26% | 1.55% |
Correlation
The correlation between ZPRS.DE and MVEW.DE is 0.43, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.43 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Apr 24, 2020 | 0.63 |
Over the past year, the correlation between ZPRS.DE and MVEW.DE has dropped to 0.43 - well below their long-term average of 0.63, suggesting their price drivers have been diverging.
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Return for Risk
ZPRS.DE vs. MVEW.DE — Risk / Return Rank
ZPRS.DE
MVEW.DE
ZPRS.DE vs. MVEW.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 ESG UCITS ETF (Acc) (MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +2.10 | ||
| Sortino ratioReturn per unit of downside risk | +2.93 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.02 | +0.36 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 0.10 | +4.04 |
| Martin ratioReturn relative to average drawdown | 15.60 | 0.20 | +15.40 |
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 | MVEW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.06 | +2.10 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.62 | -0.15 |
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 | 0.63 | -0.03 |
Drawdowns
ZPRS.DE vs. MVEW.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than MVEW.DE's maximum drawdown of -13.19%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and MVEW.DE.
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Drawdown Indicators
| ZPRS.DE | MVEW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -13.19% | -27.03% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -4.68% | -2.54% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -13.19% | -11.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -13.19% | -11.30% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.75% | +5.75% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -3.83% | -2.58% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.27% | -0.35% |
Volatility
ZPRS.DE vs. MVEW.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 ESG UCITS ETF (Acc) (MVEW.DE) at 2.58%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than MVEW.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 | MVEW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.58% | +0.97% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 5.42% | +4.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 7.97% | +5.86% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 10.25% | +6.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 10.82% | +6.44% |
ZPRS.DE vs. MVEW.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than MVEW.DE's 0.30% expense ratio.
Dividends
ZPRS.DE vs. MVEW.DE - Dividend Comparison
Neither ZPRS.DE nor MVEW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and MVEW.DE have a correlation of 0.43, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEW.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while MVEW.DE tracks MSCI ACWI NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.45% for ZPRS.DE and 0.30% for MVEW.DE.
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