ZPRV.DE vs. CNDX.L
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and CNDX.L (iShares NASDAQ 100 UCITS ETF) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while CNDX.L is a Nasdaq-100 fund tracking the NASDAQ-100 Index. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.19%/yr vs 21.21%/yr for CNDX.L. A 0.56 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.33%/yr for CNDX.L.
Performance
ZPRV.DE vs. CNDX.L - Performance Comparison
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Different Trading Currencies
ZPRV.DE is traded in EUR, while CNDX.L is traded in USD. To make them comparable, the CNDX.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ZPRV.DE having a 18.05% return and CNDX.L slightly higher at 18.66%. Over the past 10 years, ZPRV.DE has underperformed CNDX.L with an annualized return of 12.19%, while CNDX.L has yielded a comparatively higher 21.21% annualized 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%
CNDX.L
- 1D
- 3.09%
- 1M
- 2.00%
- YTD
- 18.66%
- 6M
- 19.87%
- 1Y
- 36.38%
- 3Y*
- 23.34%
- 5Y*
- 17.74%
- 10Y*
- 21.21%
ZPRV.DE vs. CNDX.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 18.05% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
CNDX.L iShares NASDAQ 100 UCITS ETF | 18.66% | 5.54% | 34.77% | 51.53% | -29.37% | 37.49% | 36.03% | 41.08% | 3.56% | 15.70% |
Correlation
The correlation between ZPRV.DE and CNDX.L is 0.45, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.45 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.46 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.53 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.56 |
The correlation between ZPRV.DE and CNDX.L shifts across timeframes, from 0.45 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. CNDX.L — Risk / Return Rank
ZPRV.DE
CNDX.L
ZPRV.DE vs. CNDX.L - 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 iShares NASDAQ 100 UCITS ETF (CNDX.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.
| ZPRV.DE | CNDX.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.26 | ||
| Sortino ratioReturn per unit of downside risk | +0.36 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.38 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 3.50 | +2.90 |
| Martin ratioReturn relative to average drawdown | 20.02 | 10.18 | +9.84 |
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Drawdowns
ZPRV.DE vs. CNDX.L - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than CNDX.L's maximum drawdown of -31.43%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and CNDX.L.
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Drawdown Indicators
| ZPRV.DE | CNDX.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -31.43% | -14.61% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -10.26% | +4.39% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -25.93% | -5.21% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -31.43% | +0.29% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -31.43% | -14.61% |
Current DrawdownCurrent decline from peak | 0.00% | -2.74% | +2.74% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -5.36% | -3.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 3.53% | -1.65% |
Volatility
ZPRV.DE vs. CNDX.L - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.33%, while iShares NASDAQ 100 UCITS ETF (CNDX.L) has a volatility of 5.98%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than CNDX.L 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 | CNDX.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 5.98% | -2.65% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 12.57% | -2.92% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 16.87% | -1.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 20.71% | -0.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 20.40% | +2.47% |
ZPRV.DE vs. CNDX.L - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than CNDX.L's 0.33% expense ratio.
Dividends
ZPRV.DE vs. CNDX.L - Dividend Comparison
Neither ZPRV.DE nor CNDX.L has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and CNDX.L have a correlation of 0.45, 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 0.33% for CNDX.L.
ZPRV.DE is categorized as Small Cap Value Equities, while CNDX.L is Nasdaq-100. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while CNDX.L tracks NASDAQ-100 Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRV.DE and 0.33% for CNDX.L.
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