ZPRX.DE vs. AVUV
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and AVUV (Avantis US 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 AVUV is a Small Cap Value Equities fund actively managed by Avantis. ZPRX.DE is passively managed, while AVUV is actively managed. Over the past 5 years, ZPRX.DE returned 8.43%/yr vs 13.48%/yr for AVUV. At a 0.45 correlation, their price movements are largely independent. ZPRX.DE charges 0.30%/yr vs 0.25%/yr for AVUV.
Performance
ZPRX.DE vs. AVUV - Performance Comparison
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Different Trading Currencies
ZPRX.DE is traded in EUR, while AVUV is traded in USD. To make them comparable, the AVUV 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 7.26% return, which is significantly lower than AVUV's 23.36% return.
ZPRX.DE
- 1D
- -0.58%
- 1M
- 0.72%
- YTD
- 7.26%
- 6M
- 8.84%
- 1Y
- 18.71%
- 3Y*
- 15.12%
- 5Y*
- 8.43%
- 10Y*
- 8.24%
AVUV
- 1D
- 1.36%
- 1M
- 4.11%
- YTD
- 23.36%
- 6M
- 20.83%
- 1Y
- 39.91%
- 3Y*
- 17.00%
- 5Y*
- 13.48%
- 10Y*
- —
ZPRX.DE vs. AVUV - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.26% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 13.46% |
AVUV Avantis US Small Cap Value ETF | 23.36% | -5.31% | 16.50% | 19.13% | 0.98% | 52.83% | -2.34% | 5.69% |
Correlation
The correlation between ZPRX.DE and AVUV is 0.35, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.35 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.37 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.41 |
Correlation (All Time) Calculated using the full available price history since Sep 26, 2019 | 0.45 |
The correlation between ZPRX.DE and AVUV shifts across timeframes, from 0.35 (1 year) to 0.45 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. AVUV — Risk / Return Rank
ZPRX.DE
AVUV
ZPRX.DE vs. AVUV - 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 US Small Cap Value ETF (AVUV). 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.
| ZPRX.DE | AVUV | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.90 | ||
| Sortino ratioReturn per unit of downside risk | -1.09 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.39 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 6.26 | -4.63 |
| Martin ratioReturn relative to average drawdown | 5.99 | 19.84 | -13.85 |
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Drawdowns
ZPRX.DE vs. AVUV - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum AVUV drawdown of -48.56%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and AVUV.
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Drawdown Indicators
| ZPRX.DE | AVUV | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -48.56% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.27% | -5.36% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -31.93% | +15.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -31.93% | +4.41% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -1.01% | -1.00% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -8.76% | +1.08% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 1.97% | +1.20% |
Volatility
ZPRX.DE vs. AVUV - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.67%, while Avantis US Small Cap Value ETF (AVUV) has a volatility of 3.93%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than AVUV based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRX.DE | AVUV | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.93% | -0.26% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 11.30% | +0.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 17.42% | -3.38% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 22.30% | -5.60% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 28.11% | -10.09% |
ZPRX.DE vs. AVUV - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than AVUV's 0.25% expense ratio.
Dividends
ZPRX.DE vs. AVUV - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while AVUV's dividend yield for the trailing twelve months is around 1.64%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AVUV Avantis US Small Cap Value ETF | 1.64% | 1.58% | 1.61% | 1.65% | 1.74% | 1.28% | 1.21% | 0.38% |
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
ZPRX.DE and AVUV have a correlation of 0.35, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, AVUV is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
AVUV is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE is categorized as Europe Equities, while AVUV is Small Cap Value Equities. They also come from different issuers: State Street and Avantis. Their fees differ too: 0.30% for ZPRX.DE and 0.25% for AVUV.
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