ZPRV.DE vs. FGQD.L
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and FGQD.L (Fidelity Global Quality Income 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 FGQD.L is a Global Equities fund tracking the Fidelity Global Quality Income index. Both are passively managed. Over the past 5 years, ZPRV.DE returned 11.12%/yr vs 11.67%/yr for FGQD.L. A 0.72 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.40%/yr for FGQD.L.
Performance
ZPRV.DE vs. FGQD.L - Performance Comparison
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Different Trading Currencies
ZPRV.DE is traded in EUR, while FGQD.L is traded in GBp. To make them comparable, the FGQD.L values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRV.DE achieves a 17.92% return, which is significantly higher than FGQD.L's 11.85% return.
ZPRV.DE
- 1D
- -0.11%
- 1M
- 7.03%
- YTD
- 17.92%
- 6M
- 17.41%
- 1Y
- 37.90%
- 3Y*
- 16.83%
- 5Y*
- 11.12%
- 10Y*
- 12.09%
FGQD.L
- 1D
- 0.84%
- 1M
- 3.73%
- YTD
- 11.85%
- 6M
- 12.72%
- 1Y
- 25.62%
- 3Y*
- 14.61%
- 5Y*
- 11.67%
- 10Y*
- —
ZPRV.DE vs. FGQD.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 | 17.92% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | 1.27% |
FGQD.L Fidelity Global Quality Income ETF | 11.85% | 6.30% | 18.68% | 13.87% | -5.39% | 31.83% | 0.64% | 31.71% | -3.46% | -16.34% |
Correlation
The correlation between ZPRV.DE and FGQD.L is 0.64, 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 | 0.64 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Mar 27, 2017 | 0.73 |
The correlation between ZPRV.DE and FGQD.L has been stable across timeframes, ranging from 0.64 to 0.73 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. FGQD.L — Risk / Return Rank
ZPRV.DE
FGQD.L
ZPRV.DE vs. FGQD.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 Fidelity Global Quality Income ETF (FGQD.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 | FGQD.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.03 | ||
| Sortino ratioReturn per unit of downside risk | -0.17 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.45 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 3.84 | +2.59 |
| Martin ratioReturn relative to average drawdown | 20.11 | 17.82 | +2.28 |
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Drawdowns
ZPRV.DE vs. FGQD.L - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than FGQD.L's maximum drawdown of -33.91%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and FGQD.L.
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Drawdown Indicators
| ZPRV.DE | FGQD.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -33.91% | -12.13% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -6.65% | +0.78% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -19.10% | -12.04% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -19.10% | -12.04% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | 0.00% | -0.11% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -7.31% | -1.81% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.43% | +0.45% |
Volatility
ZPRV.DE vs. FGQD.L - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) and Fidelity Global Quality Income ETF (FGQD.L) have volatilities of 2.97% and 2.99%, 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
| ZPRV.DE | FGQD.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.99% | -0.02% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 7.69% | +1.97% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 10.50% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 13.08% | +7.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 16.24% | +6.63% |
ZPRV.DE vs. FGQD.L - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than FGQD.L's 0.40% expense ratio.
Dividends
ZPRV.DE vs. FGQD.L - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while FGQD.L's dividend yield for the trailing twelve months is around 1.80%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FGQD.L Fidelity Global Quality Income ETF | 1.80% | 1.86% | 2.31% | 2.78% | 2.70% | 2.46% | 2.60% | 2.44% | 2.70% | 1.10% |
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% |
Frequently Asked Questions
ZPRV.DE and FGQD.L have a correlation of 0.64, 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 0.40% for FGQD.L.
ZPRV.DE is categorized as Small Cap Value Equities, while FGQD.L is Global Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while FGQD.L tracks Fidelity Global Quality Income index. They also come from different issuers: State Street and Fidelity. Their fees differ too: 0.30% for ZPRV.DE and 0.40% for FGQD.L.
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