ZPRX.DE vs. SC0D.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SC0D.DE (Invesco EURO STOXX 50 UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while SC0D.DE tracks the EURO STOXX® 50. Both are passively managed. Over the past 10 years, ZPRX.DE returned 9.71%/yr vs 11.86%/yr for SC0D.DE. Their correlation of 0.82 suggests significant overlap in exposure. ZPRX.DE charges 0.30%/yr vs 0.05%/yr for SC0D.DE.
Performance
ZPRX.DE vs. SC0D.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 SC0D.DE's 10.32% return. Over the past 10 years, ZPRX.DE has underperformed SC0D.DE with an annualized return of 9.71%, while SC0D.DE has yielded a comparatively higher 11.86% annualized 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%
SC0D.DE
- 1D
- 0.85%
- 1M
- 3.42%
- YTD
- 10.32%
- 6M
- 11.25%
- 1Y
- 22.33%
- 3Y*
- 16.61%
- 5Y*
- 11.80%
- 10Y*
- 11.86%
ZPRX.DE vs. SC0D.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 | 6.94% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 28.99% | -19.19% | 12.89% |
SC0D.DE Invesco EURO STOXX 50 UCITS ETF | 10.32% | 22.01% | 10.91% | 22.46% | -9.02% | 23.19% | -3.03% | 30.01% | -12.06% | 10.07% |
Correlation
The correlation between ZPRX.DE and SC0D.DE is 0.76, 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 | 0.76 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.77 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.82 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.82 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.82 |
The correlation between ZPRX.DE and SC0D.DE has been stable across timeframes, ranging from 0.76 to 0.82 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. SC0D.DE — Risk / Return Rank
ZPRX.DE
SC0D.DE
ZPRX.DE vs. SC0D.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 Invesco EURO STOXX 50 UCITS ETF (SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.14 | ||
| Sortino ratioReturn per unit of downside risk | -0.26 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.25 | -0.03 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 2.03 | -0.53 |
| Martin ratioReturn relative to average drawdown | 5.49 | 7.09 | -1.60 |
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Drawdowns
ZPRX.DE vs. SC0D.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than SC0D.DE's maximum drawdown of -38.50%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and SC0D.DE.
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Drawdown Indicators
| ZPRX.DE | SC0D.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -38.50% | -5.43% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -10.93% | -0.70% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -16.54% | +0.59% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -23.38% | -4.14% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -38.50% | -5.43% |
Current DrawdownCurrent decline from peak | -2.30% | -0.85% | -1.45% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -7.08% | -0.59% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 3.14% | +0.04% |
Volatility
ZPRX.DE vs. SC0D.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.13%, while Invesco EURO STOXX 50 UCITS ETF (SC0D.DE) has a volatility of 3.63%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than SC0D.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 | SC0D.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.63% | -0.50% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 13.20% | -1.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 16.04% | -2.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 17.55% | -0.84% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 17.97% | -0.20% |
ZPRX.DE vs. SC0D.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than SC0D.DE's 0.05% expense ratio.
Dividends
ZPRX.DE vs. SC0D.DE - Dividend Comparison
Neither ZPRX.DE nor SC0D.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and SC0D.DE have a correlation of 0.76, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SC0D.DE is cheaper at 0.05% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SC0D.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 SC0D.DE tracks EURO STOXX® 50. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.30% for ZPRX.DE and 0.05% for SC0D.DE.
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