ZPRS.DE vs. PSWD.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and PSWD.DE (Invesco FTSE RAFI All World 3000 UCITS ETF) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while PSWD.DE tracks the FTSE RAFI All-World 3000. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 11.86%/yr for PSWD.DE. Their correlation of 0.80 suggests significant overlap in exposure. ZPRS.DE charges 0.45%/yr vs 0.39%/yr for PSWD.DE.
Performance
ZPRS.DE vs. PSWD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRS.DE achieves a 14.70% return, which is significantly lower than PSWD.DE's 16.46% return. Over the past 10 years, ZPRS.DE has underperformed PSWD.DE with an annualized return of 9.81%, while PSWD.DE has yielded a comparatively higher 11.86% 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%
PSWD.DE
- 1D
- -0.19%
- 1M
- 4.72%
- YTD
- 16.46%
- 6M
- 17.75%
- 1Y
- 32.88%
- 3Y*
- 18.93%
- 5Y*
- 13.34%
- 10Y*
- 11.86%
ZPRS.DE vs. PSWD.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% |
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 16.46% | 14.64% | 17.68% | 12.73% | -3.63% | 31.90% | -3.90% | 26.32% | -9.60% | 5.60% |
Correlation
The correlation between ZPRS.DE and PSWD.DE is 0.85, 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 | 0.85 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.86 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.86 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.83 |
Correlation (All Time) Calculated using the full available price history since Sep 12, 2014 | 0.80 |
The correlation between ZPRS.DE and PSWD.DE has been stable across timeframes, ranging from 0.80 to 0.86 - 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. PSWD.DE — Risk / Return Rank
ZPRS.DE
PSWD.DE
ZPRS.DE vs. PSWD.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 Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.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 | PSWD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.94 | ||
| Sortino ratioReturn per unit of downside risk | -1.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.58 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 5.56 | -1.42 |
| Martin ratioReturn relative to average drawdown | 15.60 | 22.39 | -6.79 |
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 | PSWD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 3.10 | -0.94 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 1.00 | -0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.80 | -0.23 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.68 | -0.08 |
Drawdowns
ZPRS.DE vs. PSWD.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than PSWD.DE's maximum drawdown of -36.39%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and PSWD.DE.
Loading charts...
Drawdown Indicators
| ZPRS.DE | PSWD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -36.39% | -3.83% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -5.89% | -1.33% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -18.19% | -6.30% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -18.19% | -6.30% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -36.39% | -3.83% |
Current DrawdownCurrent decline from peak | 0.00% | -0.31% | +0.31% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -4.65% | -1.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.46% | +0.46% |
Volatility
ZPRS.DE vs. PSWD.DE - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.55% compared to Invesco FTSE RAFI All World 3000 UCITS ETF (PSWD.DE) at 3.08%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than PSWD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRS.DE | PSWD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.08% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.86% | +1.82% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.54% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 13.16% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 15.19% | +2.07% |
ZPRS.DE vs. PSWD.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than PSWD.DE's 0.39% expense ratio.
Dividends
ZPRS.DE vs. PSWD.DE - Dividend Comparison
ZPRS.DE has not paid dividends to shareholders, while PSWD.DE's dividend yield for the trailing twelve months is around 1.75%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
PSWD.DE Invesco FTSE RAFI All World 3000 UCITS ETF | 1.75% | 2.03% | 2.27% | 2.48% | 2.66% | 1.92% | 1.98% | 2.37% | 2.56% | 2.06% | 1.97% | 2.02% |
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 PSWD.DE have a correlation of 0.85, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, PSWD.DE is cheaper at 0.39% per year. The better choice depends on whether you care most about return, fees, risk, or income.
PSWD.DE is cheaper with a 0.39% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while PSWD.DE tracks FTSE RAFI All-World 3000. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.45% for ZPRS.DE and 0.39% for PSWD.DE.
Find the right allocation for ZPRS.DE and PSWD.DE
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