ZPRV.DE vs. XESC.DE

Last updated Jun 13, 2026

ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and XESC.DE (Xtrackers EURO STOXX 50 UCITS ETF 1C) are both exchange-traded funds - ZPRV.DE is a Small Cap Value Equities fund tracking the MSCI USA Small Cap Value Weighted Index, while XESC.DE is a Europe Equities fund tracking the MSCI EMU NR EUR. Both are passively managed. Over the past 10 years, ZPRV.DE returned 12.19%/yr vs 10.49%/yr for XESC.DE. A 0.65 correlation means they provide meaningful diversification when combined. ZPRV.DE charges 0.30%/yr vs 0.09%/yr for XESC.DE.

Performance

ZPRV.DE vs. XESC.DE - 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 Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRV.DE achieves a 18.05% return, which is significantly higher than XESC.DE's 7.20% return. Over the past 10 years, ZPRV.DE has outperformed XESC.DE with an annualized return of 12.19%, while XESC.DE has yielded a comparatively lower 10.49% annualized return.

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%

XESC.DE

• 1D: 0.76%
• 1M: 3.14%
• YTD: 7.20%
• 6M: 8.64%
• 1Y: 18.16%
• 3Y*: 15.59%
• 5Y*: 11.50%
• 10Y*: 10.49%

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

ZPRV.DE vs. XESC.DE - 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%
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C	7.20%	22.24%	11.06%	22.50%	-8.87%	23.54%	-2.88%	30.09%	-12.09%	10.25%

Correlation

The correlation between ZPRV.DE and XESC.DE is 0.54, 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	0.54
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	0.63
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015	0.65

The correlation between ZPRV.DE and XESC.DE shifts across timeframes, from 0.54 (1 year) to 0.65 (all time), reflecting how their relationship changes across market environments.

Return for Risk

ZPRV.DE vs. XESC.DE — 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: 88
ZPRV.DE Sharpe Ratio Rank: 85
ZPRV.DE Sortino Ratio Rank: 84
ZPRV.DE Omega Ratio Rank: 82
ZPRV.DE Calmar Ratio Rank: 94
ZPRV.DE Martin Ratio Rank: 92

XESC.DE

XESC.DE Risk / Return Rank: 30
XESC.DE Sharpe Ratio Rank: 28
XESC.DE Sortino Ratio Rank: 29
XESC.DE Omega Ratio Rank: 28
XESC.DE Calmar Ratio Rank: 30
XESC.DE Martin Ratio Rank: 33

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. XESC.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 Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.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.

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	XESC.DE	Difference
Sharpe ratio: Return per unit of total volatility	2.40	0.98	+1.42
Sortino ratio: Return per unit of downside risk	3.28	1.54	+1.73
Omega ratio: Gain probability vs. loss probability	1.42	1.18	+0.24
Calmar ratio: Return relative to maximum drawdown	6.40	1.45	+4.95
Martin ratio: Return relative to average drawdown	20.02	4.94	+15.09

ZPRV.DE vs. XESC.DE - Sharpe Ratio Comparison

The current ZPRV.DE Sharpe Ratio is 2.40, which is higher than the XESC.DE Sharpe Ratio of 0.98. The chart below compares the historical Sharpe Ratios of ZPRV.DE and XESC.DE, 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. XESC.DE - Drawdown Comparison

The maximum ZPRV.DE drawdown since its inception was -46.04%, roughly equal to the maximum XESC.DE drawdown of -45.93%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and XESC.DE.

Drawdown Indicators

	ZPRV.DE	XESC.DE	Difference
Max Drawdown Largest peak-to-trough decline	-46.04%	-45.93%	-0.11%
Max Drawdown (1Y) Largest decline over 1 year	-5.87%	-10.88%	+5.01%
Max Drawdown (3Y) Largest decline over 3 years	-31.14%	-16.53%	-14.61%
Max Drawdown (5Y) Largest decline over 5 years	-31.14%	-23.33%	-7.81%
Max Drawdown (10Y) Largest decline over 10 years	-46.04%	-38.51%	-7.53%
Current Drawdown Current decline from peak	0.00%	-0.53%	+0.53%
Average Drawdown Average peak-to-trough decline	-9.12%	-8.57%	-0.55%
Ulcer Index Depth and duration of drawdowns from previous peaks	1.88%	3.19%	-1.31%

Volatility

ZPRV.DE vs. XESC.DE - Volatility Comparison

The current volatility for SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) is 3.33%, while Xtrackers EURO STOXX 50 UCITS ETF 1C (XESC.DE) has a volatility of 4.90%. This indicates that ZPRV.DE experiences smaller price fluctuations and is considered to be less risky than XESC.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRV.DE	XESC.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	3.33%	4.90%	-1.57%
Volatility (6M) Calculated over the trailing 6-month period	9.65%	13.02%	-3.37%
Volatility (1Y) Calculated over the trailing 1-year period	15.82%	16.01%	-0.19%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	20.38%	17.54%	+2.84%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	22.87%	18.27%	+4.60%

ZPRV.DE vs. XESC.DE - Expense Ratio Comparison

ZPRV.DE has a 0.30% expense ratio, which is higher than XESC.DE's 0.09% expense ratio.

Dividends

ZPRV.DE vs. XESC.DE - Dividend Comparison

Neither ZPRV.DE nor XESC.DE has paid dividends to shareholders.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
XESC.DE Xtrackers EURO STOXX 50 UCITS ETF 1C	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.19%
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 XESC.DE in my portfolio?

ZPRV.DE and XESC.DE have a correlation of 0.54, 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 XESC.DE?

On fees, XESC.DE is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRV.DE or XESC.DE?

XESC.DE is cheaper with a 0.09% expense ratio, compared with 0.30% for ZPRV.DE.

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

ZPRV.DE is categorized as Small Cap Value Equities, while XESC.DE is Europe Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while XESC.DE tracks MSCI EMU NR EUR. They also come from different issuers: State Street and Xtrackers. Their fees differ too: 0.30% for ZPRV.DE and 0.09% for XESC.DE.