ZPRV.DE vs. TDIV.AS
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and TDIV.AS (VanEck Morningstar Developed Markets Dividend 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 TDIV.AS is a Global Equity Income fund tracking the Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.19%/yr vs 12.48%/yr for TDIV.AS. A 0.68 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.38%/yr for TDIV.AS.
Performance
ZPRV.DE vs. TDIV.AS - 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 TDIV.AS's 11.72% return. Both investments have delivered pretty close results over the past 10 years, with ZPRV.DE having a 12.19% annualized return and TDIV.AS not far ahead at 12.48%.
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%
TDIV.AS
- 1D
- 0.36%
- 1M
- 1.94%
- YTD
- 11.72%
- 6M
- 13.92%
- 1Y
- 28.07%
- 3Y*
- 20.14%
- 5Y*
- 17.83%
- 10Y*
- 12.48%
ZPRV.DE vs. TDIV.AS - 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 | 18.05% | 2.99% | 14.07% | 19.11% | -5.40% | 48.22% | -1.86% | 27.40% | -11.77% | -3.75% |
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 11.72% | 24.39% | 15.90% | 11.75% | 15.40% | 27.83% | -10.16% | 20.97% | -7.12% | 2.88% |
Correlation
The correlation between ZPRV.DE and TDIV.AS is 0.47, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.47 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.55 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since May 23, 2016 | 0.68 |
Over the past year, the correlation between ZPRV.DE and TDIV.AS has dropped to 0.47 - well below their long-term average of 0.68, suggesting their price drivers have been diverging.
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Return for Risk
ZPRV.DE vs. TDIV.AS — Risk / Return Rank
ZPRV.DE
TDIV.AS
ZPRV.DE vs. TDIV.AS - 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 VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS). 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 | TDIV.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.62 | ||
| Sortino ratioReturn per unit of downside risk | -1.02 | ||
| Omega ratioGain probability vs. loss probability | 1.42 | 1.55 | -0.13 |
| Calmar ratioReturn relative to maximum drawdown | 6.40 | 7.82 | -1.42 |
| Martin ratioReturn relative to average drawdown | 20.02 | 22.20 | -2.18 |
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Drawdowns
ZPRV.DE vs. TDIV.AS - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than TDIV.AS's maximum drawdown of -36.10%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and TDIV.AS.
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Drawdown Indicators
| ZPRV.DE | TDIV.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -36.10% | -9.94% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -3.51% | -2.36% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -15.88% | -15.26% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -15.88% | -15.26% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -36.10% | -9.94% |
Current DrawdownCurrent decline from peak | 0.00% | -0.36% | +0.36% |
Average DrawdownAverage peak-to-trough decline | -9.12% | -3.97% | -5.15% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.88% | 1.22% | +0.66% |
Volatility
ZPRV.DE vs. TDIV.AS - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) has a higher volatility of 3.33% compared to VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF (TDIV.AS) at 2.29%. This indicates that ZPRV.DE's price experiences larger fluctuations and is considered to be riskier than TDIV.AS 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 | TDIV.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.33% | 2.29% | +1.04% |
Volatility (6M)Calculated over the trailing 6-month period | 9.65% | 6.74% | +2.91% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.82% | 9.12% | +6.70% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 13.12% | +7.26% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.87% | 14.70% | +8.17% |
ZPRV.DE vs. TDIV.AS - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than TDIV.AS's 0.38% expense ratio.
Dividends
ZPRV.DE vs. TDIV.AS - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while TDIV.AS's dividend yield for the trailing twelve months is around 3.14%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
TDIV.AS VanEck Morningstar Developed Markets Dividend Leaders UCITS ETF | 3.14% | 3.58% | 4.19% | 4.98% | 4.58% | 3.98% | 4.12% | 4.40% | 4.93% | 3.95% | 1.11% |
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% | 0.00% |
Frequently Asked Questions
ZPRV.DE and TDIV.AS have a correlation of 0.47, 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 0.38% for TDIV.AS.
ZPRV.DE is categorized as Small Cap Value Equities, while TDIV.AS is Global Equity Income. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while TDIV.AS tracks Morningstar Developed Markets Large Cap Dividend Leaders Screened Select Index. They also come from different issuers: State Street and VanEck. Their fees differ too: 0.30% for ZPRV.DE and 0.38% for TDIV.AS.
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