ZPRW.DE vs. AVWS.DE
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and AVWS.DE (Avantis Global Small Cap Value UCITS ETF USD Acc) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while AVWS.DE is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. ZPRW.DE is passively managed, while AVWS.DE is actively managed. Over the past year, ZPRW.DE returned 32.77% vs 34.41% for AVWS.DE. A 0.57 correlation means they provide meaningful diversification when combined. ZPRW.DE charges 0.20%/yr vs 0.39%/yr for AVWS.DE.
Performance
ZPRW.DE vs. AVWS.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.94% return, which is significantly lower than AVWS.DE's 22.31% return.
ZPRW.DE
- 1D
- -0.40%
- 1M
- 1.29%
- 6M
- 11.98%
- YTD
- 14.94%
- 1Y
- 32.77%
- 3Y*
- 20.81%
- 5Y*
- 14.91%
- 10Y*
- 11.23%
AVWS.DE
- 1D
- -1.03%
- 1M
- 1.87%
- 6M
- 14.68%
- YTD
- 22.31%
- 1Y
- 34.41%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRW.DE vs. AVWS.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.94% | 35.69% | 0.24% |
AVWS.DE Avantis Global Small Cap Value UCITS ETF USD Acc | 22.31% | 7.86% | 5.81% |
Correlation
The correlation between ZPRW.DE and AVWS.DE is 0.58, 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 | 0.58 |
Correlation (All Time) Calculated using the full available price history since Oct 3, 2024 | 0.57 |
The correlation between ZPRW.DE and AVWS.DE has been stable across timeframes, ranging from 0.57 to 0.58 - a consistent structural relationship.
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Return for Risk
ZPRW.DE vs. AVWS.DE — Risk / Return Rank
ZPRW.DE
AVWS.DE
ZPRW.DE vs. AVWS.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and Avantis Global Small Cap Value UCITS ETF USD Acc (AVWS.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.
| ZPRW.DE | AVWS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.08 | ||
| Sortino ratioReturn per unit of downside risk | -0.11 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.43 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 3.52 | 5.42 | -1.90 |
| Martin ratioReturn relative to average drawdown | 13.12 | 21.14 | -8.02 |
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Drawdowns
ZPRW.DE vs. AVWS.DE - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, which is greater than AVWS.DE's maximum drawdown of -25.20%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and AVWS.DE.
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Drawdown Indicators
| ZPRW.DE | AVWS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -25.20% | -14.32% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -6.37% | -2.90% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | — | — |
Current DrawdownCurrent decline from peak | -0.46% | -1.03% | +0.57% |
Average DrawdownAverage peak-to-trough decline | -6.98% | -4.82% | -2.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.63% | +0.86% |
Volatility
ZPRW.DE vs. AVWS.DE - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 3.73% compared to Avantis Global Small Cap Value UCITS ETF USD Acc (AVWS.DE) at 3.07%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than AVWS.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRW.DE | AVWS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.73% | 3.07% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.44% | 9.38% | +2.06% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.69% | 14.26% | -0.57% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.88% | 17.91% | -3.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.70% | 17.91% | -1.21% |
ZPRW.DE vs. AVWS.DE - Expense Ratio Comparison
ZPRW.DE has a 0.20% expense ratio, which is lower than AVWS.DE's 0.39% expense ratio.
Dividends
ZPRW.DE vs. AVWS.DE - Dividend Comparison
Neither ZPRW.DE nor AVWS.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and AVWS.DE have a correlation of 0.58, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPRW.DE is cheaper at 0.20% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE is cheaper with a 0.20% expense ratio, compared with 0.39% for AVWS.DE.
ZPRW.DE is categorized as Europe Equities, while AVWS.DE is Foreign Small & Mid Cap Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.20% for ZPRW.DE and 0.39% for AVWS.DE.
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