ZPRS.DE vs. ZPRR.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and ZPRR.DE (SPDR Russell 2000 US Small Cap UCITS ETF) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while ZPRR.DE is a Small Cap Blend Equities fund tracking the Russell 2000®. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 10.37%/yr for ZPRR.DE. Their correlation of 0.91 suggests significant overlap in exposure. ZPRS.DE charges 0.45%/yr vs 0.30%/yr for ZPRR.DE.
Performance
ZPRS.DE vs. ZPRR.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 lower than ZPRR.DE's 17.93% return. Over the past 10 years, ZPRS.DE has underperformed ZPRR.DE with an annualized return of 9.81%, while ZPRR.DE has yielded a comparatively higher 10.37% 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%
ZPRR.DE
- 1D
- 0.93%
- 1M
- 4.09%
- YTD
- 17.93%
- 6M
- 16.88%
- 1Y
- 38.46%
- 3Y*
- 15.40%
- 5Y*
- 7.11%
- 10Y*
- 10.37%
ZPRS.DE vs. ZPRR.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% |
ZPRR.DE SPDR Russell 2000 US Small Cap UCITS ETF | 17.93% | 1.37% | 15.82% | 14.82% | -16.60% | 25.11% | 8.22% | 28.97% | -8.99% | 0.49% |
Correlation
The correlation between ZPRS.DE and ZPRR.DE is 0.94, 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 | 0.94 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.95 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.95 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.94 |
Correlation (All Time) Calculated using the full available price history since Jul 3, 2014 | 0.91 |
The correlation between ZPRS.DE and ZPRR.DE has been stable across timeframes, ranging from 0.91 to 0.95 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. ZPRR.DE — Risk / Return Rank
ZPRS.DE
ZPRR.DE
ZPRS.DE vs. ZPRR.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 Russell 2000 US Small Cap UCITS ETF (ZPRR.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 | ZPRR.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.06 | ||
| Sortino ratioReturn per unit of downside risk | +0.18 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 4.53 | -0.39 |
| Martin ratioReturn relative to average drawdown | 15.60 | 13.24 | +2.36 |
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 | ZPRR.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.10 | +0.06 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.33 | +0.13 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.48 | +0.09 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.48 | +0.12 |
Drawdowns
ZPRS.DE vs. ZPRR.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, roughly equal to the maximum ZPRR.DE drawdown of -41.20%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and ZPRR.DE.
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Drawdown Indicators
| ZPRS.DE | ZPRR.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -41.20% | +0.98% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -8.44% | +1.22% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -32.54% | +8.05% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -32.54% | +8.05% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -41.20% | +0.98% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -9.39% | +2.98% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 2.90% | -0.98% |
Volatility
ZPRS.DE vs. ZPRR.DE - Volatility Comparison
The current volatility for SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) is 3.55%, while SPDR Russell 2000 US Small Cap UCITS ETF (ZPRR.DE) has a volatility of 5.38%. This indicates that ZPRS.DE experiences smaller price fluctuations and is considered to be less risky than ZPRR.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 | ZPRR.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 5.38% | -1.83% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 12.26% | -2.58% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 18.20% | -4.37% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 20.98% | -4.40% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 21.60% | -4.34% |
ZPRS.DE vs. ZPRR.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than ZPRR.DE's 0.30% expense ratio.
Dividends
ZPRS.DE vs. ZPRR.DE - Dividend Comparison
Neither ZPRS.DE nor ZPRR.DE has paid dividends to shareholders.
Frequently Asked Questions
With a correlation of 0.94, ZPRS.DE and ZPRR.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPRR.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRR.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while ZPRR.DE is Small Cap Blend Equities. ZPRS.DE tracks MSCI World Small Cap, while ZPRR.DE tracks Russell 2000®. Their fees differ too: 0.45% for ZPRS.DE and 0.30% for ZPRR.DE.
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