ZPRV.DE vs. IS3Q.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and IS3Q.DE (iShares Edge MSCI World Quality Factor 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 IS3Q.DE is a Global Equities fund tracking the MSCI World Sector Neutral Quality. Both are passively managed. Over the past 10 years, ZPRV.DE returned 11.95%/yr vs 12.23%/yr for IS3Q.DE. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.
Performance
ZPRV.DE vs. IS3Q.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRV.DE achieves a 17.66% return, which is significantly higher than IS3Q.DE's 10.95% return. Both investments have delivered pretty close results over the past 10 years, with ZPRV.DE having a 11.95% annualized return and IS3Q.DE not far ahead at 12.23%.
ZPRV.DE
- 1D
- 0.32%
- 1M
- 5.95%
- YTD
- 17.66%
- 6M
- 17.12%
- 1Y
- 37.03%
- 3Y*
- 16.90%
- 5Y*
- 11.53%
- 10Y*
- 11.95%
IS3Q.DE
- 1D
- -0.01%
- 1M
- 2.74%
- YTD
- 10.95%
- 6M
- 11.72%
- 1Y
- 23.43%
- 3Y*
- 15.54%
- 5Y*
- 11.31%
- 10Y*
- 12.23%
ZPRV.DE vs. IS3Q.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 | 17.66% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
IS3Q.DE iShares Edge MSCI World Quality Factor UCITS ETF (Acc) | 10.95% | 2.80% | 23.78% | 21.69% | -14.83% | 34.27% | 4.44% | 33.94% | -3.47% | 8.34% |
Correlation
The correlation between ZPRV.DE and IS3Q.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.64 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.71 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.75 |
The correlation between ZPRV.DE and IS3Q.DE shifts across timeframes, from 0.64 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. IS3Q.DE — Risk / Return Rank
ZPRV.DE
IS3Q.DE
ZPRV.DE vs. IS3Q.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 Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.22 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.42 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 6.57 | 3.73 | +2.84 |
| Martin ratioReturn relative to average drawdown | 20.56 | 15.46 | +5.10 |
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Drawdowns
ZPRV.DE vs. IS3Q.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than IS3Q.DE's maximum drawdown of -32.30%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and IS3Q.DE.
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Drawdown Indicators
| ZPRV.DE | IS3Q.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -32.30% | -13.74% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -6.33% | +0.46% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -20.63% | -10.51% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -20.63% | -10.51% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -32.30% | -13.74% |
Current DrawdownCurrent decline from peak | -0.33% | -0.13% | -0.20% |
Average DrawdownAverage peak-to-trough decline | -9.10% | -6.25% | -2.85% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.53% | +0.35% |
Volatility
ZPRV.DE vs. IS3Q.DE - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 2.83% compared to iShares Edge MSCI World Quality Factor UCITS ETF (Acc) (IS3Q.DE) at 2.32%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than IS3Q.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 | IS3Q.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.83% | 2.32% | +0.51% |
Volatility (6M)Calculated over the trailing 6-month period | 9.54% | 7.44% | +2.10% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.68% | 10.69% | +4.99% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.36% | 14.15% | +6.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.85% | 15.82% | +7.03% |
ZPRV.DE vs. IS3Q.DE - Expense Ratio Comparison
Both ZPRV.DE and IS3Q.DE have an expense ratio of 0.30%.
Dividends
ZPRV.DE vs. IS3Q.DE - Dividend Comparison
Neither ZPRV.DE nor IS3Q.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and IS3Q.DE have a correlation of 0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRV.DE and IS3Q.DE have the same expense ratio: 0.30% per year.
ZPRV.DE is categorized as Small Cap Value Equities, while IS3Q.DE is Global Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while IS3Q.DE tracks MSCI World Sector Neutral Quality. They also come from different issuers: State Street and iShares.
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