ZPRX.DE vs. SPPW.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SPPW.DE (SPDR MSCI World UCITS ETF) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while SPPW.DE is a Global Equities fund tracking the MSCI World. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 13.03%/yr for SPPW.DE. A 0.70 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.12%/yr for SPPW.DE.
Performance
ZPRX.DE vs. SPPW.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 SPPW.DE's 10.85% 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%
SPPW.DE
- 1D
- -0.31%
- 1M
- 4.83%
- YTD
- 10.85%
- 6M
- 11.34%
- 1Y
- 23.90%
- 3Y*
- 17.79%
- 5Y*
- 13.03%
- 10Y*
- —
ZPRX.DE vs. SPPW.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
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% | 12.45% |
SPPW.DE SPDR MSCI World UCITS ETF | 10.85% | 8.03% | 26.09% | 20.25% | -13.28% | 32.66% | 5.27% | 17.24% |
Correlation
The correlation between ZPRX.DE and SPPW.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.60 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Mar 4, 2019 | 0.70 |
The correlation between ZPRX.DE and SPPW.DE has been stable across timeframes, ranging from 0.60 to 0.70 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. SPPW.DE — Risk / Return Rank
ZPRX.DE
SPPW.DE
ZPRX.DE vs. SPPW.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 SPDR MSCI World UCITS ETF (SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.18 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.40 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.66 | -2.19 |
| Martin ratioReturn relative to average drawdown | 5.42 | 14.69 | -9.27 |
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 | SPPW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.16 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.92 | -0.46 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.86 | -0.47 |
Drawdowns
ZPRX.DE vs. SPPW.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than SPPW.DE's maximum drawdown of -33.69%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and SPPW.DE.
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Drawdown Indicators
| ZPRX.DE | SPPW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -33.69% | -10.24% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.51% | -5.12% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -21.62% | +5.67% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -21.62% | -5.90% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -0.31% | -1.20% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -4.43% | -3.28% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 1.63% | +1.53% |
Volatility
ZPRX.DE vs. SPPW.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to SPDR MSCI World UCITS ETF (SPPW.DE) at 2.70%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than SPPW.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 | SPPW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.70% | +1.47% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 7.62% | +3.68% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 11.11% | +2.83% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.06% | +2.63% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 16.08% | +2.06% |
ZPRX.DE vs. SPPW.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than SPPW.DE's 0.12% expense ratio.
Dividends
ZPRX.DE vs. SPPW.DE - Dividend Comparison
Neither ZPRX.DE nor SPPW.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and SPPW.DE have a correlation of 0.70, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPPW.DE is cheaper at 0.12% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPPW.DE is cheaper with a 0.12% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE is categorized as Europe Equities, while SPPW.DE is Global Equities. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while SPPW.DE tracks MSCI World. Their fees differ too: 0.30% for ZPRX.DE and 0.12% for SPPW.DE.
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