ZPRS.DE vs. SPPY.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders UCITS ETF) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPRS.DE returned 7.87%/yr vs 15.63%/yr for SPPY.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPRS.DE vs. SPPY.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 SPPY.DE's 11.08% 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%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
ZPRS.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 3.57% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between ZPRS.DE and SPPY.DE is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.77 |
The correlation between ZPRS.DE and SPPY.DE has been stable across timeframes, ranging from 0.69 to 0.77 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. SPPY.DE — Risk / Return Rank
ZPRS.DE
SPPY.DE
ZPRS.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.27 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 4.21 | -0.07 |
| Martin ratioReturn relative to average drawdown | 15.60 | 16.03 | -0.43 |
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 | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.43 | -0.27 |
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 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.92 | -0.32 |
Drawdowns
ZPRS.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and SPPY.DE.
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Drawdown Indicators
| ZPRS.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -33.31% | -6.91% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.71% | -0.51% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -23.82% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -23.82% | -0.67% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -4.84% | -1.57% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.77% | +0.15% |
Volatility
ZPRS.DE vs. SPPY.DE - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.55% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.69% | +0.86% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 7.79% | +1.89% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 11.62% | +2.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 15.43% | +1.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 17.57% | -0.31% |
ZPRS.DE vs. SPPY.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
ZPRS.DE vs. SPPY.DE - Dividend Comparison
Neither ZPRS.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and SPPY.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while SPPY.DE is S&P 500. ZPRS.DE tracks MSCI World Small Cap, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.45% for ZPRS.DE and 0.10% for SPPY.DE.
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