ZPRU.DE vs. ZPRX.DE
ZPRU.DE (SPDR MSCI USA Value Weighted UCITS ETF) and ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) are both exchange-traded funds - ZPRU.DE is a Large Cap Value Equities fund tracking the MSCI USA Value Weighted, while ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted. Both are passively managed. Over the past 10 years, ZPRU.DE returned 12.66%/yr vs 8.15%/yr for ZPRX.DE. A 0.67 correlation means they provide meaningful diversification when combined. ZPRU.DE charges 0.20%/yr vs 0.30%/yr for ZPRX.DE.
Performance
ZPRU.DE vs. ZPRX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRU.DE achieves a 31.29% return, which is significantly higher than ZPRX.DE's 7.81% return. Over the past 10 years, ZPRU.DE has outperformed ZPRX.DE with an annualized return of 12.66%, while ZPRX.DE has yielded a comparatively lower 8.15% annualized return.
ZPRU.DE
- 1D
- -0.45%
- 1M
- 15.12%
- YTD
- 31.29%
- 6M
- 34.63%
- 1Y
- 61.75%
- 3Y*
- 23.27%
- 5Y*
- 13.54%
- 10Y*
- 12.66%
ZPRX.DE
- 1D
- 0.33%
- 1M
- 3.14%
- YTD
- 7.81%
- 6M
- 11.48%
- 1Y
- 17.16%
- 3Y*
- 15.09%
- 5Y*
- 7.77%
- 10Y*
- 8.15%
ZPRU.DE vs. ZPRX.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRU.DE SPDR MSCI USA Value Weighted UCITS ETF | 31.29% | 14.79% | 11.05% | 12.04% | -10.28% | 41.60% | -7.63% | 29.86% | -8.25% | 4.25% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
Correlation
The correlation between ZPRU.DE and ZPRX.DE is 0.60, 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 | 0.60 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.56 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.65 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.67 |
The correlation between ZPRU.DE and ZPRX.DE shifts across timeframes, from 0.56 (3 years) to 0.67 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRU.DE vs. ZPRX.DE — Risk / Return Rank
ZPRU.DE
ZPRX.DE
ZPRU.DE vs. ZPRX.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Value Weighted UCITS ETF (ZPRU.DE) and SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.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.
| ZPRU.DE | ZPRX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +3.04 | ||
| Sortino ratioReturn per unit of downside risk | +3.89 | ||
| Omega ratioGain probability vs. loss probability | 1.72 | 1.22 | +0.50 |
| Calmar ratioReturn relative to maximum drawdown | 11.05 | 1.47 | +9.58 |
| Martin ratioReturn relative to average drawdown | 40.19 | 5.42 | +34.77 |
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
| ZPRU.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 4.27 | 1.23 | +3.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.82 | 0.46 | +0.36 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.70 | 0.45 | +0.25 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.60 | 0.39 | +0.20 |
Drawdowns
ZPRU.DE vs. ZPRX.DE - Drawdown Comparison
The maximum ZPRU.DE drawdown since its inception was -39.69%, smaller than the maximum ZPRX.DE drawdown of -43.93%. Use the drawdown chart below to compare losses from any high point for ZPRU.DE and ZPRX.DE.
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Drawdown Indicators
| ZPRU.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.69% | -43.93% | +4.24% |
Max Drawdown (1Y)Largest decline over 1 year | -5.56% | -11.63% | +6.07% |
Max Drawdown (3Y)Largest decline over 3 years | -24.05% | -15.95% | -8.10% |
Max Drawdown (5Y)Largest decline over 5 years | -24.05% | -27.52% | +3.47% |
Max Drawdown (10Y)Largest decline over 10 years | -39.69% | -43.93% | +4.24% |
Current DrawdownCurrent decline from peak | -0.54% | -1.51% | +0.97% |
Average DrawdownAverage peak-to-trough decline | -6.46% | -7.71% | +1.25% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.53% | 3.16% | -1.63% |
Volatility
ZPRU.DE vs. ZPRX.DE - Volatility Comparison
SPDR MSCI USA Value Weighted UCITS ETF (ZPRU.DE) has a higher volatility of 5.53% compared to SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) at 4.17%. This indicates that ZPRU.DE's price experiences larger fluctuations and is considered to be riskier than ZPRX.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRU.DE | ZPRX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.53% | 4.17% | +1.36% |
Volatility (6M)Calculated over the trailing 6-month period | 10.27% | 11.30% | -1.03% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.40% | 13.94% | +0.46% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.39% | 16.69% | -0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.99% | 18.14% | -0.15% |
ZPRU.DE vs. ZPRX.DE - Expense Ratio Comparison
ZPRU.DE has a 0.20% expense ratio, which is lower than ZPRX.DE's 0.30% expense ratio.
Dividends
ZPRU.DE vs. ZPRX.DE - Dividend Comparison
Neither ZPRU.DE nor ZPRX.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRU.DE and ZPRX.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRU.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRU.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRU.DE is categorized as Large Cap Value Equities, while ZPRX.DE is Europe Equities. ZPRU.DE tracks MSCI USA Value Weighted, while ZPRX.DE tracks MSCI Europe Small Cap Value Weighted. Their fees differ too: 0.20% for ZPRU.DE and 0.30% for ZPRX.DE.
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