ZPRV.DE vs. IS3N.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and IS3N.DE (iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc)) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while IS3N.DE is a Emerging Markets Equities fund tracking the MSCI Emerging Markets Investable Market (IMI). Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.19%/yr vs 10.23%/yr for IS3N.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.18%/yr for IS3N.DE.
Performance
ZPRV.DE vs. IS3N.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 lower than IS3N.DE's 24.88% return. Over the past 10 years, ZPRV.DE has outperformed IS3N.DE with an annualized return of 12.19%, while IS3N.DE has yielded a comparatively lower 10.23% 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%
IS3N.DE
- 1D
- 3.12%
- 1M
- 4.34%
- YTD
- 24.88%
- 6M
- 27.74%
- 1Y
- 45.03%
- 3Y*
- 18.80%
- 5Y*
- 8.46%
- 10Y*
- 10.23%
ZPRV.DE vs. IS3N.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% |
IS3N.DE iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) | 24.88% | 17.14% | 13.88% | 7.20% | -13.85% | 7.09% | 7.07% | 20.99% | -11.06% | 20.43% |
Correlation
The correlation between ZPRV.DE and IS3N.DE is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.47 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.50 |
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 | 0.57 |
The correlation between ZPRV.DE and IS3N.DE shifts across timeframes, from 0.47 (1 year) to 0.57 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. IS3N.DE — Risk / Return Rank
ZPRV.DE
IS3N.DE
ZPRV.DE vs. IS3N.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 Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | 0.00 | ||
| Sortino ratioReturn per unit of downside risk | +0.05 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.44 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 4.10 | +2.30 |
| Martin ratioReturn relative to average drawdown | 20.02 | 14.25 | +5.77 |
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Drawdowns
ZPRV.DE vs. IS3N.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than IS3N.DE's maximum drawdown of -35.06%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and IS3N.DE.
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Drawdown Indicators
| ZPRV.DE | IS3N.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -35.06% | -10.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -10.52% | +4.65% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -19.18% | -11.96% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -21.99% | -9.15% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -32.51% | -13.53% |
Current DrawdownCurrent decline from peak | 0.00% | -3.21% | +3.21% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -9.27% | +0.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 3.03% | -1.15% |
Volatility
ZPRV.DE vs. IS3N.DE - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.33%, while iShares Core MSCI Emerging Markets IMI UCITS ETF (Acc) (IS3N.DE) has a volatility of 7.31%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than IS3N.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 | IS3N.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 7.31% | -3.98% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 15.53% | -5.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 18.01% | -2.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 16.34% | +4.04% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 18.08% | +4.79% |
ZPRV.DE vs. IS3N.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than IS3N.DE's 0.18% expense ratio.
Dividends
ZPRV.DE vs. IS3N.DE - Dividend Comparison
Neither ZPRV.DE nor IS3N.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and IS3N.DE have a correlation of 0.47, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, IS3N.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
IS3N.DE is cheaper with a 0.18% expense ratio, compared with 0.30% for ZPRV.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while IS3N.DE is Emerging Markets Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while IS3N.DE tracks MSCI Emerging Markets Investable Market (IMI). They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRV.DE and 0.18% for IS3N.DE.
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