ZPRS.DE vs. ZPRV.DE
ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) and ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap, while ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index. Both are passively managed. Over the past 10 years, ZPRS.DE returned 9.81%/yr vs 11.63%/yr for ZPRV.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPRS.DE charges 0.45%/yr vs 0.30%/yr for ZPRV.DE.
Performance
ZPRS.DE vs. ZPRV.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with ZPRS.DE having a 14.70% return and ZPRV.DE slightly lower at 14.58%. Over the past 10 years, ZPRS.DE has underperformed ZPRV.DE with an annualized return of 9.81%, while ZPRV.DE has yielded a comparatively higher 11.63% annualized return.
ZPRS.DE
- 1D
- 0.46%
- 1M
- 2.46%
- YTD
- 14.70%
- 6M
- 15.24%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
ZPRV.DE
- 1D
- 0.77%
- 1M
- 1.69%
- YTD
- 14.58%
- 6M
- 14.04%
- 1Y
- 34.68%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
ZPRS.DE vs. ZPRV.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% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | -3.75% |
Correlation
The correlation between ZPRS.DE and ZPRV.DE is 0.87, 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 | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.83 |
The correlation between ZPRS.DE and ZPRV.DE has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.
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Return for Risk
ZPRS.DE vs. ZPRV.DE — Risk / Return Rank
ZPRS.DE
ZPRV.DE
ZPRS.DE vs. ZPRV.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 MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.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 | ZPRV.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 4.14 | 5.84 | -1.70 |
| Martin ratioReturn relative to average drawdown | 15.60 | 17.49 | -1.88 |
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 | ZPRV.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.16 | 2.17 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.47 | 0.52 | -0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.53 | +0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.47 | +0.13 |
Drawdowns
ZPRS.DE vs. ZPRV.DE - Drawdown Comparison
The maximum ZPRS.DE drawdown since its inception was -40.22%, smaller than the maximum ZPRV.DE drawdown of -46.04%. Use the drawdown chart below to compare losses from any high point for ZPRS.DE and ZPRV.DE.
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Drawdown Indicators
| ZPRS.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -40.22% | -46.04% | +5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -7.22% | -5.87% | -1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -24.49% | -31.14% | +6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -24.49% | -31.14% | +6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -40.22% | -46.04% | +5.82% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -6.41% | -8.34% | +1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.92% | 1.96% | -0.04% |
Volatility
ZPRS.DE vs. ZPRV.DE - Volatility Comparison
SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) and SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) have volatilities of 3.55% and 3.39%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRS.DE | ZPRV.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.55% | 3.39% | +0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.68% | 9.42% | +0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.83% | 15.78% | -1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.58% | 20.38% | -3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.26% | 22.56% | -5.30% |
ZPRS.DE vs. ZPRV.DE - Expense Ratio Comparison
ZPRS.DE has a 0.45% expense ratio, which is higher than ZPRV.DE's 0.30% expense ratio.
Dividends
ZPRS.DE vs. ZPRV.DE - Dividend Comparison
Neither ZPRS.DE nor ZPRV.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRS.DE and ZPRV.DE have a correlation of 0.87, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRV.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRV.DE is cheaper with a 0.30% expense ratio, compared with 0.45% for ZPRS.DE.
ZPRS.DE is categorized as Global Equities, while ZPRV.DE is Small Cap Value Equities. ZPRS.DE tracks MSCI World Small Cap, while ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index. Their fees differ too: 0.45% for ZPRS.DE and 0.30% for ZPRV.DE.
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