ZPRV.DE vs. ZPRS.DE
ZPRV.DE (SPDR MSCI USA Small Cap Value Weighted UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap 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 ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 10 years, ZPRV.DE returned 11.63%/yr vs 9.81%/yr for ZPRS.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPRV.DE charges 0.30%/yr vs 0.45%/yr for ZPRS.DE.
Performance
ZPRV.DE vs. ZPRS.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZPRV.DE having a 14.58% return and ZPRS.DE slightly higher at 14.70%. Over the past 10 years, ZPRV.DE has outperformed ZPRS.DE with an annualized return of 11.63%, while ZPRS.DE has yielded a comparatively lower 9.81% annualized 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%
ZPRS.DE
- 1D
- 0.46%
- 1M
- 2.46%
- YTD
- 14.70%
- 6M
- 15.24%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
ZPRV.DE vs. ZPRS.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 | 14.58% | 2.99% | 14.07% | 19.11% | -5.31% | 48.07% | -1.85% | 27.41% | -11.78% | -3.75% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 30.21% | -11.45% | 7.16% |
Correlation
The correlation between ZPRV.DE and ZPRS.DE is 0.87, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.87 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.91 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.93 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.89 |
Correlation (All Time) Calculated using the full available price history since Feb 23, 2015 | 0.83 |
The correlation between ZPRV.DE and ZPRS.DE has been stable across timeframes, ranging from 0.83 to 0.93 - a consistent structural relationship.
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Return for Risk
ZPRV.DE vs. ZPRS.DE — Risk / Return Rank
ZPRV.DE
ZPRS.DE
ZPRV.DE vs. ZPRS.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 SPDR MSCI World Small Cap UCITS ETF (ZPRS.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 | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.01 | ||
| Sortino ratioReturn per unit of downside risk | -0.10 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.38 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 5.84 | 4.14 | +1.70 |
| Martin ratioReturn relative to average drawdown | 17.49 | 15.60 | +1.88 |
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 | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.17 | 2.16 | +0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.52 | 0.47 | +0.05 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.53 | 0.57 | -0.04 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.60 | -0.13 |
Drawdowns
ZPRV.DE vs. ZPRS.DE - Drawdown Comparison
The maximum ZPRV.DE drawdown since its inception was -46.04%, which is greater than ZPRS.DE's maximum drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for ZPRV.DE and ZPRS.DE.
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Drawdown Indicators
| ZPRV.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -46.04% | -40.22% | -5.82% |
Max Drawdown (1Y)Largest decline over 1 year | -5.87% | -7.22% | +1.35% |
Max Drawdown (3Y)Largest decline over 3 years | -31.14% | -24.49% | -6.65% |
Max Drawdown (5Y)Largest decline over 5 years | -31.14% | -24.49% | -6.65% |
Max Drawdown (10Y)Largest decline over 10 years | -46.04% | -40.22% | -5.82% |
Current DrawdownCurrent decline from peak | 0.00% | 0.00% | 0.00% |
Average DrawdownAverage peak-to-trough decline | -8.34% | -6.41% | -1.93% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.96% | 1.92% | +0.04% |
Volatility
ZPRV.DE vs. ZPRS.DE - Volatility Comparison
SPDR MSCI USA Small Cap Value Weighted UCITS ETF (ZPRV.DE) and SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) have volatilities of 3.39% and 3.55%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRV.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.39% | 3.55% | -0.16% |
Volatility (6M)Calculated over the trailing 6-month period | 9.42% | 9.68% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.78% | 13.83% | +1.95% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 20.38% | 16.58% | +3.80% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 22.56% | 17.26% | +5.30% |
ZPRV.DE vs. ZPRS.DE - Expense Ratio Comparison
ZPRV.DE has a 0.30% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
ZPRV.DE vs. ZPRS.DE - Dividend Comparison
Neither ZPRV.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRV.DE and ZPRS.DE have a correlation of 0.87, 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 0.45% for ZPRS.DE.
ZPRV.DE is categorized as Small Cap Value Equities, while ZPRS.DE is Global Equities. ZPRV.DE tracks MSCI USA Small Cap Value Weighted Index, while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.30% for ZPRV.DE and 0.45% for ZPRS.DE.
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