ZPRX.DE vs. IBC0.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and IBC0.DE (iShares Edge MSCI Europe Multifactor UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while IBC0.DE tracks the MSCI Europe Diversified Multiple-Factor. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 9.77%/yr for IBC0.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.45%/yr for IBC0.DE.
Performance
ZPRX.DE vs. IBC0.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 IBC0.DE's 9.99% return. Over the past 10 years, ZPRX.DE has underperformed IBC0.DE with an annualized return of 8.15%, while IBC0.DE has yielded a comparatively higher 9.77% 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%
IBC0.DE
- 1D
- 0.63%
- 1M
- 2.48%
- YTD
- 9.99%
- 6M
- 13.38%
- 1Y
- 20.27%
- 3Y*
- 18.33%
- 5Y*
- 10.54%
- 10Y*
- 9.77%
ZPRX.DE vs. IBC0.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% |
IBC0.DE iShares Edge MSCI Europe Multifactor UCITS ETF | 9.99% | 21.49% | 14.29% | 19.19% | -15.94% | 26.76% | -0.55% | 26.28% | -11.58% | 12.21% |
Correlation
The correlation between ZPRX.DE and IBC0.DE is 0.78, 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 | 0.78 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Sep 14, 2015 | 0.77 |
The correlation between ZPRX.DE and IBC0.DE has been stable across timeframes, ranging from 0.75 to 0.80 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. IBC0.DE — Risk / Return Rank
ZPRX.DE
IBC0.DE
ZPRX.DE vs. IBC0.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 Edge MSCI Europe Multifactor UCITS ETF (IBC0.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 | IBC0.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.36 | ||
| Sortino ratioReturn per unit of downside risk | -0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.30 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 2.56 | -1.10 |
| Martin ratioReturn relative to average drawdown | 5.42 | 9.54 | -4.11 |
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 | IBC0.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 1.59 | -0.36 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.71 | -0.24 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.61 | -0.17 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.58 | -0.19 |
Drawdowns
ZPRX.DE vs. IBC0.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than IBC0.DE's maximum drawdown of -37.22%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and IBC0.DE.
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Drawdown Indicators
| ZPRX.DE | IBC0.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -37.22% | -6.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -7.87% | -3.76% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -15.28% | -0.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -24.64% | -2.88% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -37.22% | -6.71% |
Current DrawdownCurrent decline from peak | -1.51% | -1.53% | +0.02% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -5.79% | -1.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.12% | +1.04% |
Volatility
ZPRX.DE vs. IBC0.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and iShares Edge MSCI Europe Multifactor UCITS ETF (IBC0.DE) have volatilities of 4.17% and 4.25%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPRX.DE | IBC0.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 4.25% | -0.08% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 10.49% | +0.81% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 12.68% | +1.26% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.81% | +1.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 16.32% | +1.82% |
ZPRX.DE vs. IBC0.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than IBC0.DE's 0.45% expense ratio.
Dividends
ZPRX.DE vs. IBC0.DE - Dividend Comparison
Neither ZPRX.DE nor IBC0.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and IBC0.DE have a correlation of 0.78, 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 0.45% for IBC0.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while IBC0.DE tracks MSCI Europe Diversified Multiple-Factor. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.45% for IBC0.DE.
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