ZPRX.DE vs. FLXD.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and FLXD.DE (Franklin European Quality Dividend UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while FLXD.DE tracks the MSCI Europe High Div Yld NR EUR. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 12.10%/yr for FLXD.DE. A 0.73 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.25%/yr for FLXD.DE.
Performance
ZPRX.DE vs. FLXD.DE - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRX.DE achieves a 7.81% return, which is significantly lower than FLXD.DE's 10.13% 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%
FLXD.DE
- 1D
- 0.23%
- 1M
- -0.45%
- YTD
- 10.13%
- 6M
- 13.08%
- 1Y
- 16.52%
- 3Y*
- 17.99%
- 5Y*
- 12.10%
- 10Y*
- —
ZPRX.DE vs. FLXD.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% | 6.42% |
FLXD.DE Franklin European Quality Dividend UCITS ETF | 10.13% | 24.53% | 12.30% | 10.31% | -0.48% | 16.07% | -3.54% | 23.52% | -7.81% | 0.44% |
Correlation
The correlation between ZPRX.DE and FLXD.DE is 0.50, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.50 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.69 |
Correlation (All Time) Calculated using the full available price history since Sep 7, 2017 | 0.73 |
Over the past year, the correlation between ZPRX.DE and FLXD.DE has dropped to 0.50 - well below their long-term average of 0.73, suggesting their price drivers have been diverging.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRX.DE vs. FLXD.DE — Risk / Return Rank
ZPRX.DE
FLXD.DE
ZPRX.DE vs. FLXD.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 Franklin European Quality Dividend UCITS ETF (FLXD.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 | FLXD.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.66 | ||
| Sortino ratioReturn per unit of downside risk | -0.89 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.34 | -0.12 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 4.09 | -2.62 |
| Martin ratioReturn relative to average drawdown | 5.42 | 11.21 | -5.79 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
Loading charts...
Sharpe Ratios by Period
| ZPRX.DE | FLXD.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.89 | -0.66 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 1.03 | -0.57 |
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 | 0.65 | -0.26 |
Drawdowns
ZPRX.DE vs. FLXD.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than FLXD.DE's maximum drawdown of -35.10%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and FLXD.DE.
Loading charts...
Drawdown Indicators
| ZPRX.DE | FLXD.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -35.10% | -8.83% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -4.02% | -7.61% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -10.07% | -5.88% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -14.19% | -13.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -3.80% | +2.29% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -3.88% | -3.83% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 1.47% | +1.69% |
Volatility
ZPRX.DE vs. FLXD.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to Franklin European Quality Dividend UCITS ETF (FLXD.DE) at 3.50%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than FLXD.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRX.DE | FLXD.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.50% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 7.02% | +4.28% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 8.70% | +5.24% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 11.66% | +5.03% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 14.11% | +4.03% |
ZPRX.DE vs. FLXD.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than FLXD.DE's 0.25% expense ratio.
Dividends
ZPRX.DE vs. FLXD.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while FLXD.DE's dividend yield for the trailing twelve months is around 3.78%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
FLXD.DE Franklin European Quality Dividend UCITS ETF | 3.78% | 4.28% | 4.31% | 4.99% | 5.20% | 4.61% | 3.48% | 4.38% | 5.45% | 0.72% |
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% |
Frequently Asked Questions
ZPRX.DE and FLXD.DE have a correlation of 0.50, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, FLXD.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
FLXD.DE is cheaper with a 0.25% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while FLXD.DE tracks MSCI Europe High Div Yld NR EUR. They also come from different issuers: State Street and Franklin Templeton. Their fees differ too: 0.30% for ZPRX.DE and 0.25% for FLXD.DE.
Find the right allocation for ZPRX.DE and FLXD.DE
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer