ZPRX.DE vs. QQQ
Compare and contrast key facts about SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Invesco QQQ (QQQ).
ZPRX.DE and QQQ are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRX.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Small Cap Value Weighted. It was launched on Feb 18, 2015. QQQ is a passively managed fund by Invesco that tracks the performance of the NASDAQ-100 Index. It was launched on Mar 10, 1999. Both ZPRX.DE and QQQ are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZPRX.DE or QQQ.
Key characteristics
| ZPRX.DE | QQQ | |
|---|---|---|
| YTD Return | 5.55% | 16.41% |
| 1Y Return | 12.92% | 26.86% |
| 3Y Return (Ann) | 2.39% | 8.93% |
| 5Y Return (Ann) | 7.45% | 20.65% |
| Sharpe Ratio | 0.97 | 1.57 |
| Daily Std Dev | 14.35% | 17.78% |
| Max Drawdown | -43.93% | -82.98% |
| Current Drawdown | -4.21% | -5.49% |
Correlation
The correlation between ZPRX.DE and QQQ is 0.36, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
ZPRX.DE vs. QQQ - Performance Comparison
In the year-to-date period, ZPRX.DE achieves a 5.55% return, which is significantly lower than QQQ's 16.41% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZPRX.DE vs. QQQ - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than QQQ's 0.20% expense ratio.
Risk-Adjusted Performance
ZPRX.DE vs. QQQ - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Invesco QQQ (QQQ). 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.
Dividends
ZPRX.DE vs. QQQ - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while QQQ's dividend yield for the trailing twelve months is around 0.61%.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
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% |
QQQ Invesco QQQ | 0.61% | 0.62% | 0.80% | 0.43% | 0.55% | 0.74% | 0.91% | 0.84% | 1.06% | 0.99% | 1.41% | 1.01% |
Drawdowns
ZPRX.DE vs. QQQ - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, smaller than the maximum QQQ drawdown of -82.98%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and QQQ. For additional features, visit the drawdowns tool.
Volatility
ZPRX.DE vs. QQQ - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 4.39%, while Invesco QQQ (QQQ) has a volatility of 6.03%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than QQQ based on this measure. The chart below showcases a comparison of their rolling one-month volatility.