ZPRX.DE vs. H4ZA.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and H4ZA.DE (HSBC EURO STOXX 50 UCITS ETF EUR) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while H4ZA.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 10.80%/yr for H4ZA.DE. Their correlation of 0.83 suggests significant overlap in exposure. ZPRX.DE charges 0.30%/yr vs 0.05%/yr for H4ZA.DE.
Performance
ZPRX.DE vs. H4ZA.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 H4ZA.DE's 7.24% return. Over the past 10 years, ZPRX.DE has underperformed H4ZA.DE with an annualized return of 8.15%, while H4ZA.DE has yielded a comparatively higher 10.80% 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%
H4ZA.DE
- 1D
- 0.77%
- 1M
- 4.72%
- YTD
- 7.24%
- 6M
- 8.63%
- 1Y
- 15.73%
- 3Y*
- 16.60%
- 5Y*
- 12.12%
- 10Y*
- 10.80%
ZPRX.DE vs. H4ZA.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% |
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 7.24% | 22.26% | 13.81% | 22.59% | -8.87% | 23.72% | -2.73% | 30.07% | -11.96% | 10.07% |
Correlation
The correlation between ZPRX.DE and H4ZA.DE is 0.79, 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 | 0.79 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.78 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.83 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.83 |
The correlation between ZPRX.DE and H4ZA.DE has been stable across timeframes, ranging from 0.78 to 0.83 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. H4ZA.DE — Risk / Return Rank
ZPRX.DE
H4ZA.DE
ZPRX.DE vs. H4ZA.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 HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.25 | ||
| Sortino ratioReturn per unit of downside risk | +0.28 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.18 | +0.04 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 1.43 | +0.04 |
| Martin ratioReturn relative to average drawdown | 5.42 | 4.85 | +0.58 |
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 | H4ZA.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.98 | +0.25 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.69 | -0.22 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.59 | -0.14 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.41 | -0.02 |
Drawdowns
ZPRX.DE vs. H4ZA.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than H4ZA.DE's maximum drawdown of -38.41%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and H4ZA.DE.
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Drawdown Indicators
| ZPRX.DE | H4ZA.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -38.41% | -5.52% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -10.97% | -0.66% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -16.40% | +0.45% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -23.26% | -4.26% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -38.41% | -5.52% |
Current DrawdownCurrent decline from peak | -1.51% | -0.50% | -1.01% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -7.84% | +0.13% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 3.24% | -0.08% |
Volatility
ZPRX.DE vs. H4ZA.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.17%, while HSBC EURO STOXX 50 UCITS ETF EUR (H4ZA.DE) has a volatility of 4.95%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than H4ZA.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 | H4ZA.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.95% | -0.78% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 12.99% | -1.69% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 15.99% | -2.05% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 17.50% | -0.81% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 18.17% | -0.03% |
ZPRX.DE vs. H4ZA.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than H4ZA.DE's 0.05% expense ratio.
Dividends
ZPRX.DE vs. H4ZA.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while H4ZA.DE's dividend yield for the trailing twelve months is around 2.44%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
H4ZA.DE HSBC EURO STOXX 50 UCITS ETF EUR | 2.44% | 2.49% | 5.35% | 2.93% | 2.94% | 1.94% | 2.06% | 2.84% | 3.55% | 2.73% | 2.85% | 2.70% |
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 H4ZA.DE have a correlation of 0.79, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, H4ZA.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
H4ZA.DE is cheaper with a 0.05% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while H4ZA.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and HSBC. Their fees differ too: 0.30% for ZPRX.DE and 0.05% for H4ZA.DE.
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