ZPRX.DE vs. EXS2.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and EXS2.DE (iShares TecDAX UCITS ETF (DE)) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while EXS2.DE tracks the TecDAX®. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 9.01%/yr for EXS2.DE. A 0.69 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.51%/yr for EXS2.DE.
Performance
ZPRX.DE vs. EXS2.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 lower than EXS2.DE's 15.70% return. Over the past 10 years, ZPRX.DE has underperformed EXS2.DE with an annualized return of 8.15%, while EXS2.DE has yielded a comparatively higher 9.01% 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%
EXS2.DE
- 1D
- 0.52%
- 1M
- 10.51%
- YTD
- 15.70%
- 6M
- 16.91%
- 1Y
- 6.46%
- 3Y*
- 8.54%
- 5Y*
- 3.72%
- 10Y*
- 9.01%
ZPRX.DE vs. EXS2.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% |
EXS2.DE iShares TecDAX UCITS ETF (DE) | 15.70% | 5.33% | 1.63% | 13.54% | -26.00% | 21.07% | 6.12% | 22.25% | -3.77% | 39.90% |
Correlation
The correlation between ZPRX.DE and EXS2.DE is 0.69, 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 | 0.69 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.70 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.70 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.69 |
The correlation between ZPRX.DE and EXS2.DE has been stable across timeframes, ranging from 0.67 to 0.70 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. EXS2.DE — Risk / Return Rank
ZPRX.DE
EXS2.DE
ZPRX.DE vs. EXS2.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 iShares TecDAX UCITS ETF (DE) (EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.87 | ||
| Sortino ratioReturn per unit of downside risk | +1.17 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.07 | +0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.40 | +1.07 |
| Martin ratioReturn relative to average drawdown | 5.42 | 0.80 | +4.62 |
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 | EXS2.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.36 | +0.87 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.20 | +0.26 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.46 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.14 | +0.26 |
Drawdowns
ZPRX.DE vs. EXS2.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum EXS2.DE drawdown of -84.49%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and EXS2.DE.
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Drawdown Indicators
| ZPRX.DE | EXS2.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -84.49% | +40.56% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -16.12% | +4.49% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -17.93% | +1.98% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -34.97% | +7.45% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -34.97% | -8.96% |
Current DrawdownCurrent decline from peak | -1.51% | -0.81% | -0.70% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -39.46% | +31.75% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 8.07% | -4.91% |
Volatility
ZPRX.DE vs. EXS2.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while iShares TecDAX UCITS ETF (DE) (EXS2.DE) has a volatility of 5.29%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than EXS2.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 | EXS2.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 5.29% | -1.12% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 14.25% | -2.95% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 17.83% | -3.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 18.80% | -2.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 19.47% | -1.33% |
ZPRX.DE vs. EXS2.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than EXS2.DE's 0.51% expense ratio.
Dividends
ZPRX.DE vs. EXS2.DE - Dividend Comparison
Neither ZPRX.DE nor EXS2.DE has paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
EXS2.DE iShares TecDAX UCITS ETF (DE) | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.04% | 0.15% | 0.25% | 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% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRX.DE and EXS2.DE have a correlation of 0.69, 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 0.51% for EXS2.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while EXS2.DE tracks TecDAX®. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.51% for EXS2.DE.
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