ZPRS.DE vs. USVM
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum ETF) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, ZPRS.DE returned 7.77%/yr vs 10.77%/yr for USVM. A 0.61 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.29%/yr for USVM.
Performance
ZPRS.DE vs. USVM - Performance Comparison
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Different Trading Currencies
ZPRS.DE is traded in EUR, while USVM is traded in USD. To make them comparable, the USVM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRS.DE achieves a 14.17% return, which is significantly lower than USVM's 16.64% return.
ZPRS.DE
- 1D
- -0.25%
- 1M
- 4.47%
- YTD
- 14.17%
- 6M
- 16.07%
- 1Y
- 29.50%
- 3Y*
- 14.55%
- 5Y*
- 7.77%
- 10Y*
- 9.85%
USVM
- 1D
- -0.18%
- 1M
- 3.33%
- YTD
- 16.64%
- 6M
- 15.63%
- 1Y
- 27.82%
- 3Y*
- 16.62%
- 5Y*
- 10.77%
- 10Y*
- —
ZPRS.DE vs. USVM - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.17% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 30.21% | -11.45% | 2.48% |
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 16.64% | -2.56% | 24.29% | 15.33% | -7.86% | 33.75% | 2.37% | 24.40% | -5.14% | -0.77% |
Correlation
The correlation between ZPRS.DE and USVM is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.61 |
The correlation between ZPRS.DE and USVM has been stable across timeframes, ranging from 0.61 to 0.64 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. USVM — Risk / Return Rank
ZPRS.DE
USVM
ZPRS.DE vs. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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 | USVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.23 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.33 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 4.07 | 4.44 | -0.38 |
| Martin ratioReturn relative to average drawdown | 15.33 | 16.59 | -1.26 |
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 | USVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.12 | 1.89 | +0.23 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.56 | -0.10 |
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 | 0.49 | +0.11 |
Drawdowns
ZPRS.DE vs. USVM - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, smaller than the maximum USVM drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and USVM.
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Drawdown Indicators
| ZPRS.DE | USVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -42.50% | +2.28% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.29% | -0.93% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -28.12% | +3.63% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -28.12% | +3.63% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | — | — |
Current DrawdownCurrent decline from peak | -0.25% | -0.43% | +0.18% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -7.60% | +1.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.68% | +0.24% |
Volatility
ZPRS.DE vs. USVM - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) is 3.75%, while VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a volatility of 4.07%. This indicates that ZPRS.DE experiences smaller price fluctuations and is considered to be less risky than USVM 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 | USVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.75% | 4.07% | -0.32% |
Volatility (6M)Calculated over the trailing 6-month period | 9.69% | 10.46% | -0.77% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.88% | 14.87% | -0.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 19.37% | -2.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 22.12% | -4.86% |
ZPRS.DE vs. USVM - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than USVM's 0.29% expense ratio.
Dividends
ZPRS.DE vs. USVM - Dividend Comparison
ZPRS.DE has not paid dividends to shareholders, while USVM's dividend yield for the trailing twelve months is around 1.76%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 1.76% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% |
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% |
Frequently Asked Questions
ZPRS.DE and USVM have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USVM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USVM is cheaper with a 0.29% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while USVM is Momentum. ZPRS.DE tracks MSCI World Small Cap, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: State Street and Victory Capital. Their fees differ too: 0.45% for ZPRS.DE and 0.29% for USVM.
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