ZPRV.DE vs. MFEM
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and MFEM (PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity 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 MFEM is a Emerging Markets Equities fund tracking the RAFI Dynamic Multi-Factor Emerging Market Index. Both are passively managed. Over the past 5 years, ZPRV.DE returned 12.28%/yr vs 8.44%/yr for MFEM. Their 0.34 correlation means their historical movements had little consistent relationship. ZPRV.DE charges 0.30%/yr vs 0.49%/yr for MFEM.
Performance
ZPRV.DE vs. MFEM - Performance Comparison
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Different Trading Currencies
ZPRV.DE is traded in EUR, while MFEM is traded in USD. To make them comparable, the MFEM values have been converted to EUR using the latest available exchange rates.
Returns By Period
The year-to-date returns for both investments are quite close, with ZPRV.DE having a 23.61% return and MFEM slightly higher at 23.90%.
ZPRV.DE
- 1D
- -0.18%
- 1M
- 2.44%
- 6M
- 15.23%
- YTD
- 23.61%
- 1Y
- 39.97%
- 3Y*
- 15.97%
- 5Y*
- 12.28%
- 10Y*
- 11.82%
- ALL TIME*
- 10.49%
MFEM
- 1D
- -0.30%
- 1M
- -1.29%
- 6M
- 13.13%
- YTD
- 23.90%
- 1Y
- 33.95%
- 3Y*
- 16.42%
- 5Y*
- 8.44%
- 10Y*
- —
- ALL TIME*
- 7.76%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| €504.67K | €386.61K | €548.80K | |
| €1.55M | €1.36M | €1.92M |
ZPRV.DE vs. MFEM - 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 | 23.61% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | 10.94% |
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 23.90% | 10.46% | 11.64% | 11.69% | -14.51% | 19.05% | 2.15% | 17.86% | -10.63% | 4.16% |
Correlation
The correlation between ZPRV.DE and MFEM is 0.19, which is low. Their historical price movements had little consistent relationship.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.19 |
Correlation (3Y) Balances recent behavior with more history. | 0.30 |
Correlation (5Y) Shows whether the relationship held over a longer period. | 0.32 |
Correlation (All Time) Calculated using the full available price history since Sep 6, 2017 | 0.34 |
The correlation between ZPRV.DE and MFEM shifts across timeframes, from 0.19 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. MFEM — Risk / Return Rank
ZPRV.DE
MFEM
ZPRV.DE vs. MFEM - 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 PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM). 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 | MFEM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.13 | ||
| Sortino ratioReturn per unit of downside risk | +1.59 | ||
| Omega ratioGain probability vs. loss probability | 1.48 | 1.31 | +0.17 |
| Calmar ratioReturn relative to maximum drawdown | 6.78 | 2.47 | +4.31 |
| Martin ratioReturn relative to average drawdown | 22.77 | 7.81 | +14.96 |
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Drawdowns
ZPRV.DE vs. MFEM - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than MFEM's maximum drawdown of -36.38%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and MFEM.
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Drawdown Indicators
| ZPRV.DE | MFEM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -36.38% | -9.66% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -13.80% | +7.93% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -19.07% | -12.07% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -19.07% | -12.07% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -0.37% | -7.77% | +7.40% |
Average DrawdownAverage peak-to-trough decline | -8.46% | -7.20% | -1.26% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.75% | 4.36% | -2.61% |
Volatility
ZPRV.DE vs. MFEM - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 4.83%, while PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF (MFEM) has a volatility of 7.30%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than MFEM 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 | MFEM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.83% | 7.30% | -2.47% |
Volatility (6M)Calculated over the trailing 6-month period | 9.31% | 19.04% | -9.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.45% | 21.02% | -6.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.30% | 15.87% | +4.43% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.20% | 18.89% | +3.31% |
ZPRV.DE vs. MFEM - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than MFEM's 0.49% expense ratio.
Dividends
ZPRV.DE vs. MFEM - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while MFEM's dividend yield for the trailing twelve months is around 2.26%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
MFEM PIMCO RAFI Dynamic Multi-Factor Emerging Markets Equity ETF | 2.26% | 2.77% | 5.89% | 4.01% | 7.01% | 29.96% | 1.70% | 2.37% | 1.18% | 0.21% |
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 MFEM have a correlation of 0.19, 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 MFEM.
ZPRV.DE is categorized as Small Cap Value Equities, while MFEM is Emerging Markets Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while MFEM tracks RAFI Dynamic Multi-Factor Emerging Market Index. They also come from different issuers: State Street and PIMCO. Their fees differ too: 0.30% for ZPRV.DE and 0.49% for MFEM.
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