ZPRS.DE vs. XDEQ.L
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and XDEQ.L (Xtrackers MSCI World Quality Factor UCITS ETF 1C) are both Global Equities funds - ZPRS.DE tracks the MSCI World Small Cap while XDEQ.L tracks the MSCI ACWI NR USD. Both are passively managed. Over the past 10 years, ZPRS.DE returned 10.21%/yr vs 12.70%/yr for XDEQ.L. A 0.78 correlation means they provide meaningful diversification when combined. ZPRS.DE charges 0.45%/yr vs 0.25%/yr for XDEQ.L.
Performance
ZPRS.DE vs. XDEQ.L - Performance Comparison
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Different Trading Currencies
ZPRS.DE is traded in EUR, while XDEQ.L is traded in GBp. To make them comparable, the XDEQ.L 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 15.99% return, which is significantly higher than XDEQ.L's 10.93% return. Over the past 10 years, ZPRS.DE has underperformed XDEQ.L with an annualized return of 10.21%, while XDEQ.L has yielded a comparatively higher 12.70% annualized return.
ZPRS.DE
- 1D
- -0.48%
- 1M
- 4.91%
- YTD
- 15.99%
- 6M
- 17.57%
- 1Y
- 31.87%
- 3Y*
- 14.65%
- 5Y*
- 7.87%
- 10Y*
- 10.21%
XDEQ.L
- 1D
- -0.08%
- 1M
- 3.39%
- YTD
- 10.93%
- 6M
- 12.54%
- 1Y
- 21.72%
- 3Y*
- 15.16%
- 5Y*
- 11.18%
- 10Y*
- 12.70%
ZPRS.DE vs. XDEQ.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 15.99% | 7.37% | 13.79% | 12.57% | -14.08% | 25.40% | 5.40% | 30.21% | -11.45% | 7.16% |
XDEQ.L Xtrackers MSCI World Quality Factor UCITS ETF 1C | 10.93% | 1.91% | 24.64% | 21.75% | -14.11% | 33.29% | 4.95% | 34.02% | -3.54% | 8.12% |
Correlation
The correlation between ZPRS.DE and XDEQ.L is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Sep 11, 2014 | 0.78 |
The correlation between ZPRS.DE and XDEQ.L has been stable across timeframes, ranging from 0.70 to 0.78 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. XDEQ.L — Risk / Return Rank
ZPRS.DE
XDEQ.L
ZPRS.DE vs. XDEQ.L - 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 Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRS.DE | XDEQ.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.29 | ||
| Omega ratioGain probability vs. loss probability | 1.39 | 1.39 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.40 | 3.38 | +1.01 |
| Martin ratioReturn relative to average drawdown | 16.78 | 14.19 | +2.59 |
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Drawdowns
ZPRS.DE vs. XDEQ.L - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, smaller than the maximum XDEQ.L drawdown of -47.81%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and XDEQ.L.
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Drawdown Indicators
| ZPRS.DE | XDEQ.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -47.81% | +7.59% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -6.40% | -0.82% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -20.25% | -4.24% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -20.25% | -4.24% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -31.39% | -8.83% |
Current DrawdownCurrent decline from peak | -0.48% | -0.08% | -0.40% |
Average DrawdownAverage peak-to-trough decline | -8.85% | -16.14% | +7.29% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.89% | 1.53% | +0.36% |
Volatility
ZPRS.DE vs. XDEQ.L - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) has a higher volatility of 3.67% compared to Xtrackers MSCI World Quality Factor UCITS ETF 1C (XDEQ.L) at 2.27%. This indicates that ZPRS.DE's price experiences larger fluctuations and is considered to be riskier than XDEQ.L 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 | XDEQ.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 2.27% | +1.40% |
Volatility (6M)Calculated over the trailing 6-month period | 10.05% | 7.42% | +2.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 10.44% | +3.60% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.61% | 19.74% | -3.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.00% | 20.99% | -2.99% |
ZPRS.DE vs. XDEQ.L - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than XDEQ.L's 0.25% expense ratio.
Dividends
ZPRS.DE vs. XDEQ.L - Dividend Comparison
Neither ZPRS.DE nor XDEQ.L has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and XDEQ.L have a correlation of 0.77, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, XDEQ.L is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
XDEQ.L is cheaper with a 0.25% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE tracks MSCI World Small Cap, while XDEQ.L tracks MSCI ACWI NR USD. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.45% for ZPRS.DE and 0.25% for XDEQ.L.
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