ZPRX.DE vs. MVEE.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and MVEE.DE (iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc)) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while MVEE.DE tracks the MSCI Europe NR EUR. Both are passively managed. Over the past 5 years, ZPRX.DE returned 8.15%/yr vs 6.17%/yr for MVEE.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.25%/yr for MVEE.DE.
Performance
ZPRX.DE vs. MVEE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 6.94% return, which is significantly lower than MVEE.DE's 8.14% return.
ZPRX.DE
- 1D
- 0.24%
- 1M
- -1.32%
- YTD
- 6.94%
- 6M
- 8.58%
- 1Y
- 17.51%
- 3Y*
- 15.83%
- 5Y*
- 8.15%
- 10Y*
- 9.71%
MVEE.DE
- 1D
- 0.92%
- 1M
- 1.27%
- YTD
- 8.14%
- 6M
- 8.67%
- 1Y
- 11.72%
- 3Y*
- 10.33%
- 5Y*
- 6.17%
- 10Y*
- —
ZPRX.DE vs. MVEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 6.94% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | 44.64% |
MVEE.DE iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) | 8.14% | 8.71% | 8.75% | 12.46% | -15.04% | 23.79% | 13.95% |
Correlation
The correlation between ZPRX.DE and MVEE.DE is 0.56, 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 | 0.56 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Apr 17, 2020 | 0.72 |
The correlation between ZPRX.DE and MVEE.DE shifts across timeframes, from 0.56 (1 year) to 0.74 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. MVEE.DE — Risk / Return Rank
ZPRX.DE
MVEE.DE
ZPRX.DE vs. MVEE.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 Minimum Volatility ESG UCITS ETF (Acc) (MVEE.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| ZPRX.DE | MVEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.07 | ||
| Sortino ratioReturn per unit of downside risk | +0.13 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.22 | +0.01 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 1.58 | -0.08 |
| Martin ratioReturn relative to average drawdown | 5.49 | 5.45 | +0.04 |
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Drawdowns
ZPRX.DE vs. MVEE.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than MVEE.DE's maximum drawdown of -20.19%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and MVEE.DE.
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Drawdown Indicators
| ZPRX.DE | MVEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -20.19% | -23.74% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -7.40% | -4.23% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -12.19% | -3.76% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -20.19% | -7.33% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -2.30% | 0.00% | -2.30% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -4.50% | -3.17% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.15% | +1.03% |
Volatility
ZPRX.DE vs. MVEE.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 3.13% compared to iShares Edge MSCI Europe Minimum Volatility ESG UCITS ETF (Acc) (MVEE.DE) at 2.19%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than MVEE.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 | MVEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 2.19% | +0.94% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 8.16% | +3.33% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 9.93% | +4.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 12.08% | +4.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 12.47% | +5.30% |
ZPRX.DE vs. MVEE.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than MVEE.DE's 0.25% expense ratio.
Dividends
ZPRX.DE vs. MVEE.DE - Dividend Comparison
Neither ZPRX.DE nor MVEE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and MVEE.DE have a correlation of 0.56, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, MVEE.DE is cheaper at 0.25% per year. The better choice depends on whether you care most about return, fees, risk, or income.
MVEE.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 MVEE.DE tracks MSCI Europe NR EUR. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.25% for MVEE.DE.
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