ZPRV.DE vs. ASWC.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and ASWC.DE (HANetf Future of Defence UCITS ETF Acc EUR) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while ASWC.DE is a Aerospace & Defense fund tracking the EQM Future of Defence Index. Both are passively managed. Over the past year, ZPRV.DE returned 38.06% vs 16.90% for ASWC.DE. At a 0.42 correlation, their price movements are largely independent. ZPRV.DE charges 0.30%/yr vs 0.49%/yr for ASWC.DE.
Performance
ZPRV.DE vs. ASWC.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRV.DE achieves a 18.05% return, which is significantly higher than ASWC.DE's 13.04% return.
ZPRV.DE
- 1D
- 2.02%
- 1M
- 7.15%
- YTD
- 18.05%
- 6M
- 16.39%
- 1Y
- 38.06%
- 3Y*
- 15.98%
- 5Y*
- 11.01%
- 10Y*
- 12.19%
ASWC.DE
- 1D
- -0.80%
- 1M
- 6.25%
- YTD
- 13.04%
- 6M
- 13.89%
- 1Y
- 16.90%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRV.DE vs. ASWC.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 18.05% | 2.99% | 14.07% | 12.15% |
ASWC.DE HANetf Future of Defence UCITS ETF Acc EUR | 13.04% | 38.30% | 39.36% | 14.37% |
Correlation
The correlation between ZPRV.DE and ASWC.DE is 0.26, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 4, 2023 | 0.42 |
The correlation between ZPRV.DE and ASWC.DE shifts across timeframes, from 0.26 (1 year) to 0.42 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. ASWC.DE — Risk / Return Rank
ZPRV.DE
ASWC.DE
ZPRV.DE vs. ASWC.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) and HANetf Future of Defence UCITS ETF Acc EUR (ASWC.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.
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.
| ZPRV.DE | ASWC.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.56 | ||
| Sortino ratioReturn per unit of downside risk | +1.98 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.16 | +0.27 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 1.36 | +5.04 |
| Martin ratioReturn relative to average drawdown | 20.02 | 3.10 | +16.92 |
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Drawdowns
ZPRV.DE vs. ASWC.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than ASWC.DE's maximum drawdown of -12.58%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and ASWC.DE.
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Drawdown Indicators
| ZPRV.DE | ASWC.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -12.58% | -33.46% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -12.58% | +6.71% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -2.83% | +2.83% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -2.47% | -6.65% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 5.51% | -3.63% |
Volatility
ZPRV.DE vs. ASWC.DE - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.33%, while HANetf Future of Defence UCITS ETF Acc EUR (ASWC.DE) has a volatility of 5.89%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than ASWC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRV.DE | ASWC.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 5.89% | -2.56% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 15.89% | -6.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 20.35% | -4.53% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 19.11% | +1.27% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 19.11% | +3.76% |
ZPRV.DE vs. ASWC.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than ASWC.DE's 0.49% expense ratio.
Dividends
ZPRV.DE vs. ASWC.DE - Dividend Comparison
Neither ZPRV.DE nor ASWC.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and ASWC.DE have a correlation of 0.26, 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 0.49% for ASWC.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while ASWC.DE is Aerospace & Defense. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while ASWC.DE tracks EQM Future of Defence Index. They also come from different issuers: State Street and HANetf. Their fees differ too: 0.30% for ZPRV.DE and 0.49% for ASWC.DE.
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