ZPRV.DE vs. VIOV

Last updated Jun 26, 2026

ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and VIOV (Vanguard S&P Small-Cap 600 Value ETF) are both Small Cap Value Equities funds - ZPRV.DE tracks the MSCI USA Small Cap Value Weighted Index while VIOV tracks the S&P SmallCap 600 Value Index. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.69%/yr vs 10.91%/yr for VIOV. A 0.67 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.10%/yr for VIOV.

Performance

ZPRV.DE vs. VIOV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) and Vanguard S&P Small-Cap 600 Value ETF (VIOV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ZPRV.DE is traded in EUR, while VIOV is traded in USD. To make them comparable, the VIOV 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 20.39% return, which is significantly lower than VIOV's 24.06% return. Over the past 10 years, ZPRV.DE has outperformed VIOV with an annualized return of 12.69%, while VIOV has yielded a comparatively lower 10.91% annualized return.

ZPRV.DE

• 1D: 0.20%
• 1M: 6.08%
• YTD: 20.39%
• 6M: 20.64%
• 1Y: 40.45%
• 3Y*: 18.42%
• 5Y*: 11.39%
• 10Y*: 12.69%

VIOV

• 1D: 1.10%
• 1M: 6.30%
• YTD: 24.06%
• 6M: 22.33%
• 1Y: 43.89%
• 3Y*: 14.49%
• 5Y*: 7.79%
• 10Y*: 10.91%

*Multi-year figures are annualized to reflect compound growth (CAGR)

ZPRV.DE vs. VIOV - 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	20.39%	2.99%	14.07%	19.11%	-5.40%	48.22%	-1.86%	27.40%	-11.77%	-3.75%
VIOV Vanguard S&P Small-Cap 600 Value ETF	24.06%	-6.03%	14.54%	11.90%	-5.87%	40.45%	-5.67%	27.25%	-8.76%	-2.17%

Correlation

The correlation between ZPRV.DE and VIOV is 0.70, 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	0.70
Correlation (3Y) Calculated over the trailing 3-year period	0.67
Correlation (5Y) Calculated over the trailing 5-year period	0.65
Correlation (10Y) Calculated over the trailing 10-year period	0.66
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015	0.67

The correlation between ZPRV.DE and VIOV has been stable across timeframes, ranging from 0.65 to 0.70 - a consistent structural relationship.

Return for Risk

ZPRV.DE vs. VIOV — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

ZPRV.DE

ZPRV.DE Risk / Return Rank: 91
ZPRV.DE Sharpe Ratio Rank: 90
ZPRV.DE Sortino Ratio Rank: 89
ZPRV.DE Omega Ratio Rank: 87
ZPRV.DE Calmar Ratio Rank: 95
ZPRV.DE Martin Ratio Rank: 93

VIOV

VIOV Risk / Return Rank: 81
VIOV Sharpe Ratio Rank: 80
VIOV Sortino Ratio Rank: 81
VIOV Omega Ratio Rank: 74
VIOV Calmar Ratio Rank: 87
VIOV Martin Ratio Rank: 82

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

ZPRV.DE vs. VIOV - 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 Vanguard S&P Small-Cap 600 Value ETF (VIOV). 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	VIOV	Difference
Sharpe ratio: Return per unit of total volatility	2.59	2.45	+0.14
Sortino ratio: Return per unit of downside risk	3.52	3.33	+0.19
Omega ratio: Gain probability vs. loss probability	1.46	1.42	+0.04
Calmar ratio: Return relative to maximum drawdown	6.86	5.95	+0.91
Martin ratio: Return relative to average drawdown	21.49	19.88	+1.61

ZPRV.DE vs. VIOV - Sharpe Ratio Comparison

The current ZPRV.DE Sharpe Ratio is 2.59, which is comparable to the VIOV Sharpe Ratio of 2.45. The chart below compares the historical Sharpe Ratios of ZPRV.DE and VIOV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Drawdowns

ZPRV.DE vs. VIOV - Drawdown Comparison

The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than VIOV's maximum drawdown of -43.38%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and VIOV.

Drawdown Indicators

	ZPRV.DE	VIOV	Difference
Max Drawdown Largest peak-to-trough decline	-46.04%	-43.38%	-2.66%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-7.41%	+1.54%
Max Drawdown (3Y) Largest decline over 3 years	-31.14%	-32.59%	+1.45%
Max Drawdown (5Y) Largest decline over 5 years	-31.14%	-32.59%	+1.45%
Max Drawdown (10Y) Largest decline over 10 years	-46.04%	-43.38%	-2.66%
Current Drawdown Current decline from peak	0.00%	0.00%	0.00%
Average Drawdown Average peak-to-trough decline	-9.09%	-7.59%	-1.50%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	2.21%	-0.33%

Volatility

ZPRV.DE vs. VIOV - Volatility Comparison

The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 2.85%, while Vanguard S&P Small-Cap 600 Value ETF (VIOV) has a volatility of 4.04%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than VIOV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRV.DE	VIOV	Difference
Volatility (1M) Calculated over the trailing 1-month period	2.85%	4.04%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	9.60%	11.82%	-2.22%
Volatility (1Y) Calculated over the trailing 1-year period	15.58%	18.05%	-2.47%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.37%	21.54%	-1.17%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.85%	24.18%	-1.33%

ZPRV.DE vs. VIOV - Expense Ratio Comparison

ZPRV.DE has a 0.30% expense ratio, which is higher than VIOV's 0.10% expense ratio.

Dividends

ZPRV.DE vs. VIOV - Dividend Comparison

ZPRV.DE has not paid dividends to shareholders, while VIOV's dividend yield for the trailing twelve months is around 1.94%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
VIOV Vanguard S&P Small-Cap 600 Value ETF	1.94%	1.69%	1.78%	2.18%	1.81%	1.59%	1.42%	1.60%	1.76%	1.43%	1.17%	1.32%
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%	0.00%

Frequently Asked Questions

Can I hold both ZPRV.DE and VIOV in my portfolio?

ZPRV.DE and VIOV have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRV.DE or VIOV?

On fees, VIOV is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRV.DE or VIOV?

VIOV is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRV.DE.

What is the main difference between ZPRV.DE and VIOV?

ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while VIOV tracks S&P SmallCap 600 Value Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for ZPRV.DE and 0.10% for VIOV.