ZPRX.DE vs. SXRY.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and SXRY.DE (iShares FTSE MIB UCITS ETF (Acc)) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while SXRY.DE tracks the FTSE MIB. Both are passively managed. Over the past 10 years, ZPRX.DE returned 9.71%/yr vs 17.09%/yr for SXRY.DE. A 0.79 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.33%/yr for SXRY.DE.
Performance
ZPRX.DE vs. SXRY.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 SXRY.DE's 18.23% return. Over the past 10 years, ZPRX.DE has underperformed SXRY.DE with an annualized return of 9.71%, while SXRY.DE has yielded a comparatively higher 17.09% 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%
SXRY.DE
- 1D
- 0.23%
- 1M
- 4.00%
- YTD
- 18.23%
- 6M
- 19.05%
- 1Y
- 37.48%
- 3Y*
- 29.61%
- 5Y*
- 20.54%
- 10Y*
- 17.09%
ZPRX.DE vs. SXRY.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% |
SXRY.DE iShares FTSE MIB UCITS ETF (Acc) | 18.23% | 37.80% | 18.15% | 33.34% | -9.13% | 26.71% | -4.02% | 33.22% | -14.32% | 16.72% |
Correlation
The correlation between ZPRX.DE and SXRY.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 | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.80 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Feb 18, 2015 | 0.79 |
The correlation between ZPRX.DE and SXRY.DE shifts across timeframes, from 0.70 (1 year) to 0.80 (5 years), reflecting how their relationship changes across market environments.
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Return for Risk
ZPRX.DE vs. SXRY.DE — Risk / Return Rank
ZPRX.DE
SXRY.DE
ZPRX.DE vs. SXRY.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 FTSE MIB UCITS ETF (Acc) (SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.10 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.23 | 1.41 | -0.18 |
| Calmar ratioReturn relative to maximum drawdown | 1.50 | 3.85 | -2.35 |
| Martin ratioReturn relative to average drawdown | 5.49 | 14.30 | -8.81 |
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Drawdowns
ZPRX.DE vs. SXRY.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, roughly equal to the maximum SXRY.DE drawdown of -43.59%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and SXRY.DE.
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Drawdown Indicators
| ZPRX.DE | SXRY.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -43.59% | -0.34% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.69% | -1.94% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -17.61% | +1.66% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -25.00% | -2.52% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -40.81% | -3.12% |
Current DrawdownCurrent decline from peak | -2.30% | -1.98% | -0.32% |
Average DrawdownAverage peak-to-trough decline | -7.67% | -11.61% | +3.94% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.18% | 2.61% | +0.57% |
Volatility
ZPRX.DE vs. SXRY.DE - Volatility Comparison
The current volatility for SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) is 3.13%, while iShares FTSE MIB UCITS ETF (Acc) (SXRY.DE) has a volatility of 3.90%. This indicates that ZPRX.DE experiences smaller price fluctuations and is considered to be less risky than SXRY.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 | SXRY.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.13% | 3.90% | -0.77% |
Volatility (6M)Calculated over the trailing 6-month period | 11.49% | 12.78% | -1.29% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.97% | 15.89% | -1.92% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.71% | 18.29% | -1.58% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 17.77% | 19.65% | -1.88% |
ZPRX.DE vs. SXRY.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than SXRY.DE's 0.33% expense ratio.
Dividends
ZPRX.DE vs. SXRY.DE - Dividend Comparison
Neither ZPRX.DE nor SXRY.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and SXRY.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, ZPRX.DE is cheaper at 0.30% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPRX.DE is cheaper with a 0.30% expense ratio, compared with 0.33% for SXRY.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while SXRY.DE tracks FTSE MIB. They also come from different issuers: State Street and iShares. Their fees differ too: 0.30% for ZPRX.DE and 0.33% for SXRY.DE.
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