ZPRX.DE vs. EUDF.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and EUDF.DE (WisdomTree Europe Defence UCITS ETF - EUR Acc) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while EUDF.DE is a Aerospace & Defense fund tracking the WisdomTree Europe Defence UCITS Index (NTR). Both are passively managed. Over the past year, ZPRX.DE returned 17.16% vs -3.37% for EUDF.DE. At a 0.35 correlation, their price movements are largely independent. ZPRX.DE charges 0.30%/yr vs 0.40%/yr for EUDF.DE.
Performance
ZPRX.DE vs. EUDF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly higher than EUDF.DE's 2.51% 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%
EUDF.DE
- 1D
- 1.22%
- 1M
- -3.90%
- YTD
- 2.51%
- 6M
- 5.21%
- 1Y
- -3.37%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPRX.DE vs. EUDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 17.19% |
EUDF.DE WisdomTree Europe Defence UCITS ETF - EUR Acc | 2.51% | 18.55% |
Correlation
The correlation between ZPRX.DE and EUDF.DE is 0.30, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.30 |
Correlation (All Time) Calculated using the full available price history since Mar 12, 2025 | 0.35 |
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Return for Risk
ZPRX.DE vs. EUDF.DE — Risk / Return Rank
ZPRX.DE
EUDF.DE
ZPRX.DE vs. EUDF.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 WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.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 | EUDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.34 | ||
| Sortino ratioReturn per unit of downside risk | +1.78 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.00 | +0.22 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | -0.17 | +1.64 |
| Martin ratioReturn relative to average drawdown | 5.42 | -0.39 | +5.81 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| ZPRX.DE | EUDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | -0.12 | +1.34 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | — | — |
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 | 0.55 | -0.16 |
Drawdowns
ZPRX.DE vs. EUDF.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than EUDF.DE's maximum drawdown of -19.51%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and EUDF.DE.
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Drawdown Indicators
| ZPRX.DE | EUDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -19.51% | -24.42% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -19.51% | +7.88% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -14.05% | +12.54% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -6.55% | -1.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 8.29% | -5.13% |
Volatility
ZPRX.DE vs. EUDF.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while WisdomTree Europe Defence UCITS ETF - EUR Acc (EUDF.DE) has a volatility of 9.95%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than EUDF.DE 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 | EUDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 9.95% | -5.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 22.54% | -11.24% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 29.15% | -15.21% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 30.89% | -14.20% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 30.89% | -12.75% |
ZPRX.DE vs. EUDF.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than EUDF.DE's 0.40% expense ratio.
Dividends
ZPRX.DE vs. EUDF.DE - Dividend Comparison
Neither ZPRX.DE nor EUDF.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and EUDF.DE have a correlation of 0.30, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
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.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.40% for EUDF.DE.
ZPRX.DE is categorized as Europe Equities, while EUDF.DE is Aerospace & Defense. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while EUDF.DE tracks WisdomTree Europe Defence UCITS Index (NTR). They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for ZPRX.DE and 0.40% for EUDF.DE.
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