ZPRV.DE vs. QYLE.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and QYLE.DE (Global X Nasdaq 100 Covered Call UCITS ETF D) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while QYLE.DE is a Nasdaq-100 fund tracking the Cboe Nasdaq-100 BuyWrite. Both are passively managed. Over the past 3 years, ZPRV.DE returned 15.98%/yr vs 12.74%/yr for QYLE.DE. At a 0.36 correlation, their price movements are largely independent. ZPRV.DE charges 0.30%/yr vs 0.45%/yr for QYLE.DE.
Performance
ZPRV.DE vs. QYLE.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 higher than QYLE.DE's 6.53% 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%
QYLE.DE
- 1D
- -1.00%
- 1M
- 2.06%
- YTD
- 6.53%
- 6M
- 7.92%
- 1Y
- 16.41%
- 3Y*
- 12.74%
- 5Y*
- —
- 10Y*
- —
ZPRV.DE vs. QYLE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 18.05% | 2.99% | 14.07% | 19.11% | -8.15% |
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 6.53% | -7.62% | 37.36% | 30.02% | -5.65% |
Correlation
The correlation between ZPRV.DE and QYLE.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.35 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2022 | 0.36 |
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Return for Risk
ZPRV.DE vs. QYLE.DE — Risk / Return Rank
ZPRV.DE
QYLE.DE
ZPRV.DE vs. QYLE.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 Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.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 | QYLE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.72 | ||
| Sortino ratioReturn per unit of downside risk | +0.92 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.30 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 3.87 | +2.53 |
| Martin ratioReturn relative to average drawdown | 20.02 | 10.46 | +9.57 |
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Drawdowns
ZPRV.DE vs. QYLE.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than QYLE.DE's maximum drawdown of -24.06%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and QYLE.DE.
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Drawdown Indicators
| ZPRV.DE | QYLE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -24.06% | -21.98% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -4.17% | -1.70% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -24.06% | -7.08% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | -5.04% | +5.04% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -5.67% | -3.45% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.55% | +0.33% |
Volatility
ZPRV.DE vs. QYLE.DE - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 3.33% compared to Global X Nasdaq 100 Covered Call UCITS ETF D (QYLE.DE) at 2.32%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than QYLE.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 | QYLE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.32% | +1.01% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 6.14% | +3.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 9.63% | +6.19% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 13.25% | +7.13% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 13.25% | +9.62% |
ZPRV.DE vs. QYLE.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than QYLE.DE's 0.45% expense ratio.
Dividends
ZPRV.DE vs. QYLE.DE - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while QYLE.DE's dividend yield for the trailing twelve months is around 8.84%.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
QYLE.DE Global X Nasdaq 100 Covered Call UCITS ETF D | 8.84% | 10.67% | 15.00% | 20.20% |
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRV.DE and QYLE.DE have a correlation of 0.30, 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 0.45% for QYLE.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while QYLE.DE is Nasdaq-100. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while QYLE.DE tracks Cboe Nasdaq-100 BuyWrite. They also come from different issuers: State Street and Global X. Their fees differ too: 0.30% for ZPRV.DE and 0.45% for QYLE.DE.
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