ZPRV.DE vs. SPYL.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (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 SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPRV.DE returned 34.68% vs 25.56% for SPYL.DE. A 0.62 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPRV.DE vs. SPYL.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 SPYL.DE's 11.37% return.
ZPRV.DE
- 1D
- 0.77%
- 1M
- 1.69%
- YTD
- 14.58%
- 6M
- 14.04%
- 1Y
- 34.68%
- 3Y*
- 16.57%
- 5Y*
- 10.67%
- 10Y*
- 11.63%
SPYL.DE
- 1D
- -0.15%
- 1M
- 4.36%
- YTD
- 11.37%
- 6M
- 10.86%
- 1Y
- 25.56%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRV.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPRV.DE SPDR MSCI USA Small Cap Value Weighted UCITS ETF | 14.58% | 2.99% | 14.07% | 19.07% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ZPRV.DE and SPYL.DE is 0.60, 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 | 0.60 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.62 |
The correlation between ZPRV.DE and SPYL.DE has been stable across timeframes, ranging from 0.60 to 0.62 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. SPYL.DE — Risk / Return Rank
ZPRV.DE
SPYL.DE
ZPRV.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.04 | ||
| Sortino ratioReturn per unit of downside risk | -0.03 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.41 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 3.58 | +2.26 |
| Martin ratioReturn relative to average drawdown | 17.49 | 12.72 | +4.76 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.21 | -0.04 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | — | — |
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 | 1.54 | -1.07 |
Drawdowns
ZPRV.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and SPYL.DE.
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Drawdown Indicators
| ZPRV.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -23.27% | -22.77% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -7.13% | +1.26% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | — | — |
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% | -0.46% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -3.24% | -5.10% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 2.01% | -0.05% |
Volatility
ZPRV.DE vs. SPYL.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 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 2.66% | +0.73% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 7.57% | +1.85% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 11.52% | +4.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 14.61% | +5.77% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 14.61% | +7.95% |
ZPRV.DE vs. SPYL.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than SPYL.DE's 0.03% expense ratio.
Dividends
ZPRV.DE vs. SPYL.DE - Dividend Comparison
Neither ZPRV.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and SPYL.DE have a correlation of 0.60, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.30% for ZPRV.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while SPYL.DE is S&P 500. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.30% for ZPRV.DE and 0.03% for SPYL.DE.
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