ZPRX.DE vs. AVDV

Last updated Jun 5, 2026

ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and AVDV (Avantis International Small Cap Value ETF) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while AVDV is a Foreign Small & Mid Cap Equities fund actively managed by Avantis. ZPRX.DE is passively managed, while AVDV is actively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 14.79%/yr for AVDV. A 0.68 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.36%/yr for AVDV.

Performance

ZPRX.DE vs. AVDV - Performance Comparison

The chart below illustrates the hypothetical performance of a €10,000 investment in SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Avantis International Small Cap Value ETF (AVDV). The values are adjusted to include any dividend payments, if applicable.

Different Trading Currencies

ZPRX.DE is traded in EUR, while AVDV is traded in USD. To make them comparable, the AVDV values have been converted to EUR using the latest available exchange rates.

Returns By Period

In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly lower than AVDV's 17.43% return.

ZPRX.DE

• 1D: 0.33%
• 1M: 3.14%
• YTD: 7.81%
• 6M: 11.48%
• 1Y: 17.16%
• 3Y*: 15.09%
• 5Y*: 7.77%
• 10Y*: 8.15%

AVDV

• 1D: 0.00%
• 1M: 3.39%
• YTD: 17.43%
• 6M: 19.81%
• 1Y: 41.26%
• 3Y*: 24.99%
• 5Y*: 14.79%
• 10Y*: —

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

ZPRX.DE vs. AVDV - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF	7.81%	26.81%	4.28%	15.28%	-13.52%	27.58%	-3.52%	13.13%
AVDV Avantis International Small Cap Value ETF	17.97%	31.65%	15.84%	13.35%	-5.98%	24.46%	-3.65%	9.10%

Correlation

The correlation between ZPRX.DE and AVDV is 0.65, 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	0.65
Correlation (3Y) Calculated over the trailing 3-year period	0.62
Correlation (5Y) Calculated over the trailing 5-year period	0.66
Correlation (All Time) Calculated using the full available price history since Sep 27, 2019	0.68

The correlation between ZPRX.DE and AVDV has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.

Return for Risk

ZPRX.DE vs. AVDV — Risk / Return Rank

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

ZPRX.DE

ZPRX.DE Risk / Return Rank: 34
ZPRX.DE Sharpe Ratio Rank: 35
ZPRX.DE Sortino Ratio Rank: 35
ZPRX.DE Omega Ratio Rank: 34
ZPRX.DE Calmar Ratio Rank: 31
ZPRX.DE Martin Ratio Rank: 36

AVDV

AVDV Risk / Return Rank: 80
AVDV Sharpe Ratio Rank: 87
AVDV Sortino Ratio Rank: 86
AVDV Omega Ratio Rank: 86
AVDV Calmar Ratio Rank: 69
AVDV Martin Ratio Rank: 74

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.

ZPRX.DE vs. AVDV - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Avantis International Small Cap Value ETF (AVDV). 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.

	ZPRX.DE	AVDV	Difference
Sharpe ratio: Return per unit of total volatility	1.23	3.07	-1.84
Sortino ratio: Return per unit of downside risk	1.82	4.03	-2.21
Omega ratio: Gain probability vs. loss probability	1.22	1.58	-0.35
Calmar ratio: Return relative to maximum drawdown	1.47	3.63	-2.16
Martin ratio: Return relative to average drawdown	5.42	16.14	-10.72
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

ZPRX.DE vs. AVDV - Sharpe Ratio Comparison

The current ZPRX.DE Sharpe Ratio is 1.23, which is lower than the AVDV Sharpe Ratio of 3.07. The chart below compares the historical Sharpe Ratios of ZPRX.DE and AVDV, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	ZPRX.DE	AVDV	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	3.07	-1.84
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	1.01	-0.55
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.82	-0.43

Drawdowns

ZPRX.DE vs. AVDV - Drawdown Comparison

The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than AVDV's maximum drawdown of -41.37%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and AVDV.

Drawdown Indicators

	ZPRX.DE	AVDV	Difference
Max Drawdown Largest peak-to-trough decline	-43.93%	-41.37%	-2.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-11.41%	-0.22%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-14.76%	-1.19%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-15.18%	-12.34%
Max Drawdown (10Y) Largest decline over 10 years	-43.93%	—	—
Current Drawdown Current decline from peak	-1.51%	-1.15%	-0.36%
Average Drawdown Average peak-to-trough decline	-7.71%	-4.79%	-2.92%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.56%	+0.60%

Volatility

ZPRX.DE vs. AVDV - Volatility Comparison

SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to Avantis International Small Cap Value ETF (AVDV) at 3.88%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than AVDV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRX.DE	AVDV	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	3.88%	+0.29%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	11.26%	+0.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	13.50%	+0.44%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	14.71%	+1.98%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	17.87%	+0.27%

ZPRX.DE vs. AVDV - Expense Ratio Comparison

ZPRX.DE has a 0.30% expense ratio, which is lower than AVDV's 0.36% expense ratio.

Dividends

ZPRX.DE vs. AVDV - Dividend Comparison

ZPRX.DE has not paid dividends to shareholders, while AVDV's dividend yield for the trailing twelve months is around 2.73%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019
AVDV Avantis International Small Cap Value ETF	2.73%	3.05%	4.31%	3.29%	3.17%	2.39%	1.67%	0.36%
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

Can I hold both ZPRX.DE and AVDV in my portfolio?

ZPRX.DE and AVDV have a correlation of 0.65, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which ETF is better, ZPRX.DE or AVDV?

On fees, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRX.DE or AVDV?

ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.36% for AVDV.

What is the main difference between ZPRX.DE and AVDV?

ZPRX.DE is categorized as Europe Equities, while AVDV is Foreign Small & Mid Cap Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.30% for ZPRX.DE and 0.36% for AVDV.