ZPRV.DE vs. USVM
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and USVM (VictoryShares US Small Mid Cap Value Momentum 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 USVM is a Momentum fund tracking the Nasdaq Victory US Small Mid Cap Value Momentum Index. Both are passively managed. Over the past 5 years, ZPRV.DE returned 10.67%/yr vs 10.98%/yr for USVM. A 0.62 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.29%/yr for USVM.
Performance
ZPRV.DE vs. USVM - Performance Comparison
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Different Trading Currencies
ZPRV.DE is traded in EUR, while USVM is traded in USD. To make them comparable, the USVM values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPRV.DE achieves a 14.58% return, which is significantly lower than USVM's 17.73% 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%
USVM
- 1D
- 0.85%
- 1M
- 2.64%
- YTD
- 17.73%
- 6M
- 16.45%
- 1Y
- 30.16%
- 3Y*
- 17.44%
- 5Y*
- 10.98%
- 10Y*
- —
ZPRV.DE vs. USVM - 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 | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | 3.88% |
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 17.73% | -2.56% | 24.29% | 15.33% | -7.86% | 33.75% | 2.37% | 24.40% | -5.14% | -0.77% |
Correlation
The correlation between ZPRV.DE and USVM is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.62 |
Correlation (All Time) Calculated using the full available price history since Oct 27, 2017 | 0.62 |
The correlation between ZPRV.DE and USVM has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. USVM — Risk / Return Rank
ZPRV.DE
USVM
ZPRV.DE vs. USVM - 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 VictoryShares US Small Mid Cap Value Momentum ETF (USVM). 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 | USVM | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.15 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.36 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 4.82 | +1.02 |
| Martin ratioReturn relative to average drawdown | 17.49 | 17.99 | -0.51 |
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 | USVM | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.05 | +0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.57 | -0.05 |
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 | 0.49 | -0.02 |
Drawdowns
ZPRV.DE vs. USVM - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than USVM's maximum drawdown of -42.50%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and USVM.
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Drawdown Indicators
| ZPRV.DE | USVM | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -42.50% | -3.54% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -6.29% | +0.42% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -28.12% | -3.02% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -28.12% | -3.02% |
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% | -7.60% | -0.74% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.68% | +0.28% |
Volatility
ZPRV.DE vs. USVM - Volatility Comparison
The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.39%, while VictoryShares US Small Mid Cap Value Momentum ETF (USVM) has a volatility of 3.75%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than USVM 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 | USVM | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.75% | -0.36% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 10.43% | -1.01% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 14.78% | +1.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 19.37% | +1.01% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 22.12% | +0.44% |
ZPRV.DE vs. USVM - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is higher than USVM's 0.29% expense ratio.
Dividends
ZPRV.DE vs. USVM - Dividend Comparison
ZPRV.DE has not paid dividends to shareholders, while USVM's dividend yield for the trailing twelve months is around 1.74%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
USVM VictoryShares US Small Mid Cap Value Momentum ETF | 1.74% | 1.84% | 1.75% | 1.63% | 1.43% | 0.70% | 1.21% | 1.77% | 1.43% | 0.65% |
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% |
Frequently Asked Questions
ZPRV.DE and USVM have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, USVM is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
USVM is cheaper with a 0.29% expense ratio, compared with 0.30% for ZPRV.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while USVM is Momentum. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while USVM tracks Nasdaq Victory US Small Mid Cap Value Momentum Index. They also come from different issuers: State Street and Victory Capital. Their fees differ too: 0.30% for ZPRV.DE and 0.29% for USVM.
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