ZPRW.DE vs. IWDA.AS
ZPRW.DE (SPDR MSCI Europe Value UCITS ETF) and IWDA.AS (iShares Core MSCI World UCITS ETF USD (Acc)) are both exchange-traded funds - ZPRW.DE is a Europe Equities fund tracking the MSCI Europe Value Exposure Select, while IWDA.AS is a Global Equities fund tracking the MSCI World Index. Both are passively managed. Over the past 10 years, ZPRW.DE returned 12.21%/yr vs 13.26%/yr for IWDA.AS. A 0.75 correlation means they provide meaningful diversification when combined. Both charge a 0.20% expense ratio.
Performance
ZPRW.DE vs. IWDA.AS - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRW.DE achieves a 14.02% return, which is significantly higher than IWDA.AS's 11.26% return. Over the past 10 years, ZPRW.DE has underperformed IWDA.AS with an annualized return of 12.21%, while IWDA.AS has yielded a comparatively higher 13.26% annualized return.
ZPRW.DE
- 1D
- 1.24%
- 1M
- 0.39%
- YTD
- 14.02%
- 6M
- 15.02%
- 1Y
- 35.17%
- 3Y*
- 21.69%
- 5Y*
- 14.45%
- 10Y*
- 12.21%
IWDA.AS
- 1D
- -0.52%
- 1M
- 0.80%
- YTD
- 11.26%
- 6M
- 11.29%
- 1Y
- 24.76%
- 3Y*
- 17.96%
- 5Y*
- 12.28%
- 10Y*
- 13.26%
ZPRW.DE vs. IWDA.AS - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPRW.DE SPDR MSCI Europe Value UCITS ETF | 14.02% | 35.69% | 8.88% | 13.70% | -4.74% | 27.37% | -7.65% | 23.75% | -14.98% | 10.96% |
IWDA.AS iShares Core MSCI World UCITS ETF USD (Acc) | 11.26% | 7.08% | 27.23% | 19.89% | -13.54% | 32.54% | 6.20% | 29.58% | -4.16% | 7.49% |
Correlation
The correlation between ZPRW.DE and IWDA.AS is 0.63, 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 | 0.63 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.58 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.66 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.73 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.75 |
The correlation between ZPRW.DE and IWDA.AS shifts across timeframes, from 0.58 (3 years) to 0.75 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRW.DE vs. IWDA.AS — Risk / Return Rank
ZPRW.DE
IWDA.AS
ZPRW.DE vs. IWDA.AS - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) and iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS). 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 | IWDA.AS | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.39 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.47 | 1.41 | +0.06 |
| Calmar ratioReturn relative to maximum drawdown | 3.78 | 3.79 | -0.01 |
| Martin ratioReturn relative to average drawdown | 14.06 | 15.03 | -0.97 |
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Drawdowns
ZPRW.DE vs. IWDA.AS - Drawdown Comparison
The maximum ZPRW.DE drawdown since its inception was -39.52%, which is greater than IWDA.AS's maximum drawdown of -33.63%. Use the drawdown chart below to compare losses from any high point for ZPRW.DE and IWDA.AS.
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Drawdown Indicators
| ZPRW.DE | IWDA.AS | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -39.52% | -33.63% | -5.89% |
Max Drawdown (1Y)Largest decline over 1 year | -9.27% | -6.45% | -2.82% |
Max Drawdown (3Y)Largest decline over 3 years | -17.03% | -21.59% | +4.56% |
Max Drawdown (5Y)Largest decline over 5 years | -18.41% | -21.59% | +3.18% |
Max Drawdown (10Y)Largest decline over 10 years | -39.52% | -33.63% | -5.89% |
Current DrawdownCurrent decline from peak | 0.00% | -0.75% | +0.75% |
Average DrawdownAverage peak-to-trough decline | -7.01% | -4.23% | -2.78% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.49% | 1.64% | +0.85% |
Volatility
ZPRW.DE vs. IWDA.AS - Volatility Comparison
SPDR MSCI Europe Value UCITS ETF (ZPRW.DE) has a higher volatility of 3.41% compared to iShares Core MSCI World UCITS ETF USD (Acc) (IWDA.AS) at 2.98%. This indicates that ZPRW.DE's price experiences larger fluctuations and is considered to be riskier than IWDA.AS 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 | IWDA.AS | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.41% | 2.98% | +0.43% |
Volatility (6M)Calculated over the trailing 6-month period | 11.04% | 7.95% | +3.09% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.57% | 11.13% | +2.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.90% | 14.12% | +0.78% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 14.98% | +1.85% |
ZPRW.DE vs. IWDA.AS - Expense Ratio Comparison
Both ZPRW.DE and IWDA.AS have an expense ratio of 0.20%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
ZPRW.DE vs. IWDA.AS - Dividend Comparison
Neither ZPRW.DE nor IWDA.AS has paid dividends to shareholders.
Frequently Asked Questions
ZPRW.DE and IWDA.AS have a correlation of 0.63, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.20% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRW.DE and IWDA.AS have the same expense ratio: 0.20% per year.
ZPRW.DE is categorized as Europe Equities, while IWDA.AS is Global Equities. ZPRW.DE tracks MSCI Europe Value Exposure Select, while IWDA.AS tracks MSCI World Index. They also come from different issuers: State Street and iShares.
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