ZPRX.DE vs. DBXI.DE

Last updated Jun 5, 2026

ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and DBXI.DE (Xtrackers FTSE MIB UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while DBXI.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 14.91%/yr for DBXI.DE. A 0.76 correlation means they provide meaningful diversification when combined. Both charge a 0.30% expense ratio.

Performance

ZPRX.DE vs. DBXI.DE - 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 Xtrackers FTSE MIB UCITS ETF (DBXI.DE). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly lower than DBXI.DE's 14.49% return. Over the past 10 years, ZPRX.DE has underperformed DBXI.DE with an annualized return of 8.15%, while DBXI.DE has yielded a comparatively higher 14.91% annualized 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%

DBXI.DE

• 1D: 0.21%
• 1M: 4.80%
• YTD: 14.49%
• 6M: 18.18%
• 1Y: 30.62%
• 3Y*: 28.95%
• 5Y*: 19.73%
• 10Y*: 14.91%

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

ZPRX.DE vs. DBXI.DE - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
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%	29.02%	-19.20%	12.89%
DBXI.DE Xtrackers FTSE MIB UCITS ETF	14.49%	37.50%	18.27%	33.40%	-9.08%	26.51%	-4.28%	33.02%	-14.48%	16.46%

Correlation

The correlation between ZPRX.DE and DBXI.DE is 0.71, 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	0.71
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.78
Correlation (10Y) Calculated over the trailing 10-year period	0.76
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015	0.76

The correlation between ZPRX.DE and DBXI.DE has been stable across timeframes, ranging from 0.71 to 0.78 - a consistent structural relationship.

Return for Risk

ZPRX.DE vs. DBXI.DE — 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

DBXI.DE

DBXI.DE Risk / Return Rank: 60
DBXI.DE Sharpe Ratio Rank: 58
DBXI.DE Sortino Ratio Rank: 57
DBXI.DE Omega Ratio Rank: 56
DBXI.DE Calmar Ratio Rank: 64
DBXI.DE Martin Ratio Rank: 64

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. DBXI.DE - 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 Xtrackers FTSE MIB UCITS ETF (DBXI.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.

	ZPRX.DE	DBXI.DE	Difference
Sharpe ratio: Return per unit of total volatility	1.23	1.94	-0.71
Sortino ratio: Return per unit of downside risk	1.82	2.70	-0.88
Omega ratio: Gain probability vs. loss probability	1.22	1.34	-0.12
Calmar ratio: Return relative to maximum drawdown	1.47	3.17	-1.70
Martin ratio: Return relative to average drawdown	5.42	11.42	-5.99
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. DBXI.DE - Sharpe Ratio Comparison

The current ZPRX.DE Sharpe Ratio is 1.23, which is lower than the DBXI.DE Sharpe Ratio of 1.94. The chart below compares the historical Sharpe Ratios of ZPRX.DE and DBXI.DE, 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	DBXI.DE	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	1.23	1.94	-0.71
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.46	1.09	-0.63
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.45	0.75	-0.31
Sharpe Ratio (All Time) Calculated using the full available price history	0.39	0.19	+0.20

Drawdowns

ZPRX.DE vs. DBXI.DE - Drawdown Comparison

The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum DBXI.DE drawdown of -69.49%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and DBXI.DE.

Drawdown Indicators

	ZPRX.DE	DBXI.DE	Difference
Max Drawdown Largest peak-to-trough decline	-43.93%	-69.49%	+25.56%
Max Drawdown (1Y) Largest decline over 1 year	-11.63%	-9.62%	-2.01%
Max Drawdown (3Y) Largest decline over 3 years	-15.95%	-17.56%	+1.61%
Max Drawdown (5Y) Largest decline over 5 years	-27.52%	-25.10%	-2.42%
Max Drawdown (10Y) Largest decline over 10 years	-43.93%	-40.46%	-3.47%
Current Drawdown Current decline from peak	-1.51%	-0.77%	-0.74%
Average Drawdown Average peak-to-trough decline	-7.71%	-29.56%	+21.85%
Ulcer Index Depth and duration of drawdowns from previous peaks	3.16%	2.67%	+0.49%

Volatility

ZPRX.DE vs. DBXI.DE - Volatility Comparison

The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while Xtrackers FTSE MIB UCITS ETF (DBXI.DE) has a volatility of 4.63%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than DBXI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	ZPRX.DE	DBXI.DE	Difference
Volatility (1M) Calculated over the trailing 1-month period	4.17%	4.63%	-0.46%
Volatility (6M) Calculated over the trailing 6-month period	11.30%	12.34%	-1.04%
Volatility (1Y) Calculated over the trailing 1-year period	13.94%	15.69%	-1.75%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	16.69%	18.31%	-1.62%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	18.14%	20.37%	-2.23%

ZPRX.DE vs. DBXI.DE - Expense Ratio Comparison

Both ZPRX.DE and DBXI.DE have an expense ratio of 0.30%.

Dividends

ZPRX.DE vs. DBXI.DE - Dividend Comparison

ZPRX.DE has not paid dividends to shareholders, while DBXI.DE's dividend yield for the trailing twelve months is around 3.63%.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
DBXI.DE Xtrackers FTSE MIB UCITS ETF	3.63%	3.93%	4.53%	3.78%	7.45%	0.94%	4.23%	3.33%	2.66%	1.94%	2.51%	0.15%
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%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions

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

ZPRX.DE and DBXI.DE have a correlation of 0.71, 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 DBXI.DE?

Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.

Which ETF is cheaper, ZPRX.DE or DBXI.DE?

ZPRX.DE and DBXI.DE have the same expense ratio: 0.30% per year.

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

ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while DBXI.DE tracks FTSE MIB. They also come from different issuers: State Street and Xtrackers.