ZPRV.DE vs. HYG
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and HYG (iShares iBoxx $ High Yield Corporate Bond 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 HYG is a High Yield Bonds fund tracking the Markit iBoxx USD Liquid High Yield Index. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.09%/yr vs 4.74%/yr for HYG. At a 0.40 correlation, their price movements are largely independent. ZPRV.DE charges 0.30%/yr vs 0.49%/yr for HYG.
Performance
ZPRV.DE vs. HYG - Performance Comparison
Loading charts...
Different Trading Currencies
ZPRV.DE is traded in EUR, while HYG is traded in USD. To make them comparable, the HYG 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 HYG's 3.12% return. Over the past 10 years, ZPRV.DE has outperformed HYG with an annualized return of 12.09%, while HYG has yielded a comparatively lower 4.74% annualized 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%
HYG
- 1D
- -0.10%
- 1M
- 1.54%
- YTD
- 3.12%
- 6M
- 3.69%
- 1Y
- 6.55%
- 3Y*
- 6.38%
- 5Y*
- 4.53%
- 10Y*
- 4.74%
ZPRV.DE vs. HYG - 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% | -3.75% |
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 3.12% | -4.29% | 15.09% | 8.19% | -5.46% | 11.52% | -4.14% | 16.67% | 2.58% | -6.96% |
Correlation
The correlation between ZPRV.DE and HYG 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 (3Y) Calculated over the trailing 3-year period | 0.31 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.29 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.36 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.40 |
The correlation between ZPRV.DE and HYG shifts across timeframes, from 0.26 (1 year) to 0.40 (all time), reflecting how their relationship changes across market environments.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRV.DE vs. HYG — Risk / Return Rank
ZPRV.DE
HYG
ZPRV.DE vs. HYG - 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 iBoxx $ High Yield Corporate Bond ETF (HYG). 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 | HYG | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.29 | ||
| Sortino ratioReturn per unit of downside risk | +1.70 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.22 | +0.21 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 1.84 | +4.59 |
| Martin ratioReturn relative to average drawdown | 20.11 | 6.40 | +13.70 |
Loading charts...
Drawdowns
ZPRV.DE vs. HYG - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than HYG's maximum drawdown of -31.22%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and HYG.
Loading charts...
Drawdown Indicators
| ZPRV.DE | HYG | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -31.22% | -14.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -3.58% | -2.29% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -12.22% | -18.92% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -12.22% | -18.92% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -21.61% | -24.43% |
Current DrawdownCurrent decline from peak | -0.11% | -3.36% | +3.25% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -5.45% | -3.67% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.03% | +0.85% |
Volatility
ZPRV.DE vs. HYG - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 2.97% compared to iShares iBoxx $ High Yield Corporate Bond ETF (HYG) at 0.71%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than HYG based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRV.DE | HYG | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 0.71% | +2.26% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 4.11% | +5.55% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 5.90% | +9.80% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 8.59% | +11.79% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 9.78% | +13.09% |
ZPRV.DE vs. HYG - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than HYG's 0.49% expense ratio.
Dividends
ZPRV.DE vs. HYG - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while HYG's dividend yield for the trailing twelve months is around 5.89%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
HYG iShares iBoxx $ High Yield Corporate Bond ETF | 5.89% | 5.71% | 6.01% | 5.74% | 5.30% | 4.02% | 4.88% | 4.99% | 5.54% | 5.12% | 5.27% | 5.90% |
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 HYG 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 HYG.
ZPRV.DE is categorized as Small Cap Value Equities, while HYG is High Yield Bonds. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while HYG tracks Markit iBoxx USD Liquid High Yield Index. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRV.DE and 0.49% for HYG.
Find the right allocation for ZPRV.DE and HYG
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer