ZPRX.DE vs. SPYW.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SPYW.DE (SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist)) are both Europe Equities funds from State Street - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while SPYW.DE tracks the S&P Euro High Yield Dividend Aristocrats. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 6.79%/yr for SPYW.DE. Their correlation of 0.82 suggests significant overlap in exposure. Both charge a 0.30% expense ratio.
Performance
ZPRX.DE vs. SPYW.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 higher than SPYW.DE's 5.36% return. Over the past 10 years, ZPRX.DE has outperformed SPYW.DE with an annualized return of 8.15%, while SPYW.DE has yielded a comparatively lower 6.79% annualized 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%
SPYW.DE
- 1D
- 0.09%
- 1M
- -0.36%
- YTD
- 5.36%
- 6M
- 7.28%
- 1Y
- 7.88%
- 3Y*
- 13.21%
- 5Y*
- 8.07%
- 10Y*
- 6.79%
ZPRX.DE vs. SPYW.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 | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | -3.52% | 29.02% | -19.20% | 12.89% |
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 5.36% | 20.24% | 8.29% | 17.93% | -11.23% | 14.36% | -11.84% | 23.34% | -8.58% | 11.23% |
Correlation
The correlation between ZPRX.DE and SPYW.DE is 0.73, 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 | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.76 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.81 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.80 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.82 |
The correlation between ZPRX.DE and SPYW.DE has been stable across timeframes, ranging from 0.73 to 0.82 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. SPYW.DE — Risk / Return Rank
ZPRX.DE
SPYW.DE
ZPRX.DE vs. SPYW.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 S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.49 | ||
| Sortino ratioReturn per unit of downside risk | +0.75 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.14 | +0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 0.98 | +0.49 |
| Martin ratioReturn relative to average drawdown | 5.42 | 3.14 | +2.28 |
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 | SPYW.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 0.74 | +0.49 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.60 | -0.14 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.45 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.53 | -0.14 |
Drawdowns
ZPRX.DE vs. SPYW.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than SPYW.DE's maximum drawdown of -38.68%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and SPYW.DE.
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Drawdown Indicators
| ZPRX.DE | SPYW.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -38.68% | -5.25% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -7.99% | -3.64% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -11.64% | -4.31% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -23.97% | -3.55% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -38.68% | -5.25% |
Current DrawdownCurrent decline from peak | -1.51% | -2.54% | +1.03% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -5.62% | -2.09% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 2.50% | +0.66% |
Volatility
ZPRX.DE vs. SPYW.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) (SPYW.DE) at 2.92%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than SPYW.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 | SPYW.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 2.92% | +1.25% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 8.76% | +2.54% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 10.65% | +3.29% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 13.27% | +3.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 14.88% | +3.26% |
ZPRX.DE vs. SPYW.DE - Expense Ratio Comparison
Both ZPRX.DE and SPYW.DE have an expense ratio of 0.30%.
Dividends
ZPRX.DE vs. SPYW.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while SPYW.DE's dividend yield for the trailing twelve months is around 3.60%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPYW.DE SPDR S&P Euro Dividend Aristocrats UCITS ETF (Dist) | 3.60% | 4.07% | 3.67% | 3.31% | 3.62% | 2.78% | 3.05% | 3.10% | 3.74% | 3.15% | 2.97% | 2.99% |
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% |
Frequently Asked Questions
ZPRX.DE and SPYW.DE have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.30% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE and SPYW.DE have the same expense ratio: 0.30% per year.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while SPYW.DE tracks S&P Euro High Yield Dividend Aristocrats.
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