ZPRV.DE vs. MIVU.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and MIVU.DE (Amundi MSCI USA Minimum Volatility Factor UCITS 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 MIVU.DE is a Large Cap Blend Equities fund tracking the MSCI USA Minimum Volatility. Both are passively managed. Over the past 5 years, ZPRV.DE returned 11.12%/yr vs 8.00%/yr for MIVU.DE. A 0.56 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.18%/yr for MIVU.DE.
Performance
ZPRV.DE vs. MIVU.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRV.DE achieves a 17.92% return, which is significantly higher than MIVU.DE's 3.30% 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%
MIVU.DE
- 1D
- 0.49%
- 1M
- 1.92%
- YTD
- 3.30%
- 6M
- 4.32%
- 1Y
- 4.43%
- 3Y*
- 8.39%
- 5Y*
- 8.00%
- 10Y*
- —
ZPRV.DE vs. MIVU.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
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% | -21.37% |
MIVU.DE Amundi MSCI USA Minimum Volatility Factor UCITS ETF | 3.30% | -3.87% | 22.89% | 5.36% | -4.28% | 31.88% | -5.36% | 30.00% | -5.89% |
Correlation
The correlation between ZPRV.DE and MIVU.DE is 0.41, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.41 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.49 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.54 |
Correlation (All Time) Calculated using the full available price history since Aug 21, 2018 | 0.56 |
The correlation between ZPRV.DE and MIVU.DE shifts across timeframes, from 0.41 (1 year) to 0.56 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRV.DE vs. MIVU.DE — Risk / Return Rank
ZPRV.DE
MIVU.DE
ZPRV.DE vs. MIVU.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 Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.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 | MIVU.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.92 | ||
| Sortino ratioReturn per unit of downside risk | +2.54 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.09 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 6.43 | 0.91 | +5.51 |
| Martin ratioReturn relative to average drawdown | 20.11 | 2.24 | +17.86 |
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Drawdowns
ZPRV.DE vs. MIVU.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than MIVU.DE's maximum drawdown of -32.68%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and MIVU.DE.
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Drawdown Indicators
| ZPRV.DE | MIVU.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -32.68% | -13.36% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -4.83% | -1.04% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -14.89% | -16.25% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -14.89% | -16.25% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | -0.11% | -6.30% | +6.19% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -6.16% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.97% | -0.09% |
Volatility
ZPRV.DE vs. MIVU.DE - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 2.97% compared to Amundi MSCI USA Minimum Volatility Factor UCITS ETF (MIVU.DE) at 2.63%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than MIVU.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 | MIVU.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.97% | 2.63% | +0.34% |
Volatility (6M)Calculated over the trailing 6-month period | 9.66% | 6.10% | +3.56% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.70% | 8.98% | +6.72% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 11.90% | +8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 13.95% | +8.92% |
ZPRV.DE vs. MIVU.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than MIVU.DE's 0.18% expense ratio.
Dividends
ZPRV.DE vs. MIVU.DE - Dividend Comparison
Neither ZPRV.DE nor MIVU.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and MIVU.DE have a correlation of 0.41, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MIVU.DE is cheaper at 0.18% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MIVU.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 MIVU.DE is Large Cap Blend Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while MIVU.DE tracks MSCI USA Minimum Volatility. They also come from different issuers: State Street and Amundi. Their fees differ too: 0.30% for ZPRV.DE and 0.18% for MIVU.DE.
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