ZPRV.DE vs. SPPY.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and SPPY.DE (State Street SPDR S&P 500 Leaders 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 SPPY.DE is a S&P 500 fund tracking the S&P 500 Scored & Screened Leaders Index. Both are passively managed. Over the past 5 years, ZPRV.DE returned 10.67%/yr vs 15.63%/yr for SPPY.DE. A 0.67 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.10%/yr for SPPY.DE.
Performance
ZPRV.DE vs. SPPY.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRV.DE achieves a 14.58% return, which is significantly higher than SPPY.DE's 11.08% return.
ZPRV.DE
- 1D
- 0.77%
- 1M
- 2.26%
- YTD
- 14.58%
- 6M
- 14.63%
- 1Y
- 34.42%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SPPY.DE
- 1D
- 0.58%
- 1M
- 5.11%
- YTD
- 11.08%
- 6M
- 11.71%
- 1Y
- 28.37%
- 3Y*
- 18.87%
- 5Y*
- 15.63%
- 10Y*
- —
ZPRV.DE vs. SPPY.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 5.27% |
SPPY.DE State Street SPDR S&P 500 Leaders UCITS ETF | 11.08% | 4.44% | 32.87% | 26.92% | -14.47% | 41.09% | 8.04% | 4.57% |
Correlation
The correlation between ZPRV.DE and SPPY.DE is 0.59, 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 | 0.59 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.59 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Dec 4, 2019 | 0.67 |
The correlation between ZPRV.DE and SPPY.DE has been stable across timeframes, ranging from 0.59 to 0.68 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. SPPY.DE — Risk / Return Rank
ZPRV.DE
SPPY.DE
ZPRV.DE vs. SPPY.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 State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.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.
| ZPRV.DE | SPPY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.26 | ||
| Sortino ratioReturn per unit of downside risk | -0.35 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.44 | -0.06 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 4.21 | +1.62 |
| Martin ratioReturn relative to average drawdown | 17.49 | 16.03 | +1.46 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRV.DE | SPPY.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.43 | -0.26 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 1.00 | -0.48 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.92 | -0.45 |
Drawdowns
ZPRV.DE vs. SPPY.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than SPPY.DE's maximum drawdown of -33.31%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and SPPY.DE.
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Drawdown Indicators
| ZPRV.DE | SPPY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -33.31% | -12.73% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -6.71% | +0.84% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -23.82% | -7.32% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -23.82% | -7.32% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | — | — |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -4.84% | -3.50% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.77% | +0.19% |
Volatility
ZPRV.DE vs. SPPY.DE - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 3.39% compared to State Street SPDR S&P 500 Leaders UCITS ETF (SPPY.DE) at 2.69%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than SPPY.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 | SPPY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.69% | +0.70% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 7.79% | +1.63% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 11.62% | +4.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 15.43% | +4.95% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 17.57% | +4.99% |
ZPRV.DE vs. SPPY.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than SPPY.DE's 0.10% expense ratio.
Dividends
ZPRV.DE vs. SPPY.DE - Dividend Comparison
Neither ZPRV.DE nor SPPY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and SPPY.DE have a correlation of 0.59, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPY.DE is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPY.DE is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRV.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while SPPY.DE is S&P 500. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while SPPY.DE tracks S&P 500 Scored & Screened Leaders Index. Their fees differ too: 0.30% for ZPRV.DE and 0.10% for SPPY.DE.
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