ZPRX.DE vs. QDVX.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and QDVX.DE (iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist)) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while QDVX.DE tracks the MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. Both are passively managed. Over the past 5 years, ZPRX.DE returned 8.17%/yr vs 10.22%/yr for QDVX.DE. A 0.80 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.28%/yr for QDVX.DE.
Performance
ZPRX.DE vs. QDVX.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPRX.DE achieves a 8.58% return, which is significantly higher than QDVX.DE's 7.36% return.
ZPRX.DE
- 1D
- 0.45%
- 1M
- 3.87%
- YTD
- 8.58%
- 6M
- 11.26%
- 1Y
- 19.08%
- 3Y*
- 14.83%
- 5Y*
- 8.17%
- 10Y*
- 8.79%
QDVX.DE
- 1D
- 0.15%
- 1M
- 4.24%
- YTD
- 7.36%
- 6M
- 8.69%
- 1Y
- 11.58%
- 3Y*
- 11.70%
- 5Y*
- 10.22%
- 10Y*
- —
ZPRX.DE vs. QDVX.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 | 8.58% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 4.81% |
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 7.36% | 11.29% | 10.80% | 15.21% | 0.82% | 18.84% | -10.01% | 26.71% | -6.49% | -0.05% |
Correlation
The correlation between ZPRX.DE and QDVX.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.79 |
Correlation (All Time) Calculated using the full available price history since Jun 12, 2017 | 0.80 |
The correlation between ZPRX.DE and QDVX.DE has been stable across timeframes, ranging from 0.74 to 0.80 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. QDVX.DE — Risk / Return Rank
ZPRX.DE
QDVX.DE
ZPRX.DE vs. QDVX.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 MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.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 | QDVX.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.33 | ||
| Sortino ratioReturn per unit of downside risk | +0.52 | ||
| Omega ratioGain probability vs. loss probability | 1.24 | 1.19 | +0.05 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 1.40 | +0.23 |
| Martin ratioReturn relative to average drawdown | 6.01 | 4.60 | +1.41 |
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Drawdowns
ZPRX.DE vs. QDVX.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than QDVX.DE's maximum drawdown of -38.42%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and QDVX.DE.
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Drawdown Indicators
| ZPRX.DE | QDVX.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -38.42% | -5.51% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -8.23% | -3.40% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -14.02% | -1.93% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -14.62% | -12.90% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -0.81% | 0.00% | -0.81% |
Average DrawdownAverage peak-to-trough decline | -7.69% | -4.68% | -3.01% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.48% | +0.69% |
Volatility
ZPRX.DE vs. QDVX.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 3.87% compared to iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) (QDVX.DE) at 3.21%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than QDVX.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 | QDVX.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.87% | 3.21% | +0.66% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 8.76% | +2.73% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.06% | 11.28% | +2.78% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.72% | 12.89% | +3.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.09% | 15.32% | +2.77% |
ZPRX.DE vs. QDVX.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than QDVX.DE's 0.28% expense ratio.
Dividends
ZPRX.DE vs. QDVX.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while QDVX.DE's dividend yield for the trailing twelve months is around 3.13%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
QDVX.DE iShares MSCI Europe Quality Dividend ESG UCITS ETF EUR (Dist) | 3.13% | 3.02% | 3.11% | 3.58% | 4.25% | 4.50% | 3.25% | 4.45% | 5.20% | 0.74% |
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 QDVX.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, QDVX.DE is cheaper at 0.28% per year. The better choice depends on whether you care most about return, fees, risk, or income.
QDVX.DE is cheaper with a 0.28% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while QDVX.DE tracks MSCI Europe High Dividend Yield ESG Reduced Carbon Target Select. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.28% for QDVX.DE.
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