ZPRV.DE vs. EXSA.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and EXSA.DE (iShares STOXX Europe 600 UCITS ETF (DE)) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while EXSA.DE is a Europe Equities fund tracking the STOXX® Europe 600. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.19%/yr vs 10.04%/yr for EXSA.DE. A 0.68 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.20%/yr for EXSA.DE.
Performance
ZPRV.DE vs. EXSA.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 EXSA.DE's 9.02% return. Over the past 10 years, ZPRV.DE has outperformed EXSA.DE with an annualized return of 12.19%, while EXSA.DE has yielded a comparatively lower 10.04% 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%
EXSA.DE
- 1D
- 1.87%
- 1M
- 4.80%
- YTD
- 9.02%
- 6M
- 11.56%
- 1Y
- 19.20%
- 3Y*
- 14.12%
- 5Y*
- 9.70%
- 10Y*
- 10.04%
ZPRV.DE vs. EXSA.DE - 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% |
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 9.02% | 20.48% | 8.50% | 15.48% | -10.35% | 24.57% | -1.78% | 28.40% | -11.06% | 10.67% |
Correlation
The correlation between ZPRV.DE and EXSA.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 | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.65 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.68 |
The correlation between ZPRV.DE and EXSA.DE has been stable across timeframes, ranging from 0.60 to 0.68 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. EXSA.DE — Risk / Return Rank
ZPRV.DE
EXSA.DE
ZPRV.DE vs. EXSA.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 iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.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 | EXSA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.02 | ||
| Sortino ratioReturn per unit of downside risk | +1.25 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.26 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 1.87 | +4.53 |
| Martin ratioReturn relative to average drawdown | 20.02 | 7.12 | +12.90 |
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Drawdowns
ZPRV.DE vs. EXSA.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, smaller than the maximum EXSA.DE drawdown of -58.34%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and EXSA.DE.
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Drawdown Indicators
| ZPRV.DE | EXSA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -58.34% | +12.30% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -9.64% | +3.77% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -16.33% | -14.81% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -20.69% | -10.45% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -35.69% | -10.35% |
Current DrawdownCurrent decline from peak | 0.00% | -0.33% | +0.33% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -11.46% | +2.34% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 2.53% | -0.65% |
Volatility
ZPRV.DE vs. EXSA.DE - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.33%, while iShares STOXX Europe 600 UCITS ETF (DE) (EXSA.DE) has a volatility of 4.25%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than EXSA.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 | EXSA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 4.25% | -0.92% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 10.85% | -1.20% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 13.09% | +2.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 14.44% | +5.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 15.72% | +7.15% |
ZPRV.DE vs. EXSA.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than EXSA.DE's 0.20% expense ratio.
Dividends
ZPRV.DE vs. EXSA.DE - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while EXSA.DE's dividend yield for the trailing twelve months is around 2.33%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXSA.DE iShares STOXX Europe 600 UCITS ETF (DE) | 2.33% | 2.54% | 2.79% | 2.68% | 2.76% | 2.22% | 1.85% | 2.87% | 2.94% | 4.42% | 3.42% | 2.97% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRV.DE and EXSA.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, EXSA.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
EXSA.DE is cheaper with a 0.20% expense ratio, compared with 0.30% for ZPRV.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while EXSA.DE is Europe Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while EXSA.DE tracks STOXX® Europe 600. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRV.DE and 0.20% for EXSA.DE.
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