ZPRS.DE vs. SPYW.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while SPYW.DE is a Europe Equities fund tracking the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 6.79%/yr for SPYW.DE. A 0.66 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.30%/yr for SPYW.DE.
Performance
ZPRS.DE vs. SPYW.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 SPYW.DE's 5.36% return. Over the past 10 years, ZPRS.DE has outperformed SPYW.DE with an annualized return of 9.81%, while SPYW.DE has yielded a comparatively lower 6.79% 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPRS.DE vs. SPYW.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% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between ZPRS.DE and SPYW.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Nov 28, 2013 | 0.66 |
The correlation between ZPRS.DE and SPYW.DE shifts across timeframes, from 0.56 (3 years) to 0.67 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRS.DE vs. SPYW.DE — Risk / Return Rank
ZPRS.DE
SPYW.DE
ZPRS.DE vs. SPYW.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 SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.42 | ||
| Sortino ratioReturn per unit of downside risk | +2.00 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.14 | +0.24 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 0.98 | +3.16 |
| Martin ratioReturn relative to average drawdown | 15.60 | 3.14 | +12.46 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 0.74 | +1.42 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.60 | -0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.45 | +0.11 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.53 | +0.07 |
Drawdowns
ZPRS.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, roughly equal to the maximum SPYW.DE drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and SPYW.DE.
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Drawdown Indicators
| ZPRS.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -38.68% | -1.54% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -7.99% | +0.77% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -11.64% | -12.85% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -23.97% | -0.52% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -38.68% | -1.54% |
Current DrawdownCurrent decline from peak | 0.00% | -2.54% | +2.54% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -5.62% | -0.79% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.50% | -0.58% |
Volatility
ZPRS.DE vs. SPYW.DE - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.55% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 2.92% | +0.63% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 8.76% | +0.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 10.65% | +3.18% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 13.27% | +3.31% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 14.88% | +2.38% |
ZPRS.DE vs. SPYW.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than SPYW.DE's 0.30% expense ratio.
Dividends
ZPRS.DE vs. SPYW.DE - Dividend Comparison
ZPRS.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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 SPYW.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYW.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYW.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while SPYW.DE is Europe Equities. ZPRS.DE tracks MSCI World Small Cap, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats. Their fees differ too: 0.45% for ZPRS.DE and 0.30% for SPYW.DE.
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