ZPRX.DE vs. VEUR.MI
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and VEUR.MI (Vanguard FTSE Developed Europe UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while VEUR.MI tracks the FTSE Developed Europe Index. Both are passively managed. Over the past 5 years, ZPRX.DE returned 8.43%/yr vs 10.43%/yr for VEUR.MI. Their correlation of 0.83 suggests significant overlap in exposure. ZPRX.DE charges 0.30%/yr vs 0.10%/yr for VEUR.MI.
Performance
ZPRX.DE vs. VEUR.MI - Performance Comparison
Loading charts...
Returns By Period
In the year-to-date period, ZPRX.DE achieves a 7.26% return, which is significantly lower than VEUR.MI's 9.59% return.
ZPRX.DE
- 1D
- -0.58%
- 1M
- 0.72%
- YTD
- 7.26%
- 6M
- 8.84%
- 1Y
- 18.71%
- 3Y*
- 15.12%
- 5Y*
- 8.43%
- 10Y*
- 8.24%
VEUR.MI
- 1D
- 0.00%
- 1M
- 3.16%
- YTD
- 9.59%
- 6M
- 10.59%
- 1Y
- 22.12%
- 3Y*
- 14.93%
- 5Y*
- 10.43%
- 10Y*
- —
ZPRX.DE vs. VEUR.MI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.26% | 26.81% | 4.29% | 15.26% | -13.51% | 27.59% | -3.52% | 18.91% |
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 9.59% | 20.77% | 9.08% | 16.29% | -10.23% | 25.16% | -2.48% | 19.57% |
Correlation
The correlation between ZPRX.DE and VEUR.MI is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.81 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Jan 21, 2019 | 0.83 |
The correlation between ZPRX.DE and VEUR.MI has been stable across timeframes, ranging from 0.81 to 0.84 - a consistent structural relationship.
Compare stocks, funds, or ETFs
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Return for Risk
ZPRX.DE vs. VEUR.MI — Risk / Return Rank
ZPRX.DE
VEUR.MI
ZPRX.DE vs. VEUR.MI - 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 Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI). 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 | VEUR.MI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.46 | ||
| Omega ratioGain probability vs. loss probability | 1.25 | 1.33 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 1.63 | 2.35 | -0.72 |
| Martin ratioReturn relative to average drawdown | 5.99 | 8.94 | -2.94 |
Loading charts...
Drawdowns
ZPRX.DE vs. VEUR.MI - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than VEUR.MI's maximum drawdown of -35.22%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and VEUR.MI.
Loading charts...
Drawdown Indicators
| ZPRX.DE | VEUR.MI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -35.22% | -8.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -9.58% | -2.05% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -16.36% | +0.41% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -20.33% | -7.19% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -2.01% | -0.33% | -1.68% |
Average DrawdownAverage peak-to-trough decline | -7.68% | -4.72% | -2.96% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.17% | 2.51% | +0.66% |
Volatility
ZPRX.DE vs. VEUR.MI - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 3.67% compared to Vanguard FTSE Developed Europe UCITS ETF (VEUR.MI) at 3.49%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than VEUR.MI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
Loading charts...
Volatility by Period
| ZPRX.DE | VEUR.MI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.67% | 3.49% | +0.18% |
Volatility (6M)Calculated over the trailing 6-month period | 11.47% | 10.76% | +0.71% |
Volatility (1Y)Calculated over the trailing 1-year period | 14.04% | 12.94% | +1.10% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.70% | 14.51% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.02% | 16.42% | +1.60% |
ZPRX.DE vs. VEUR.MI - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than VEUR.MI's 0.10% expense ratio.
Dividends
ZPRX.DE vs. VEUR.MI - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while VEUR.MI's dividend yield for the trailing twelve months is around 2.62%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
VEUR.MI Vanguard FTSE Developed Europe UCITS ETF | 2.62% | 2.79% | 3.07% | 3.00% | 3.32% | 2.66% | 2.23% | 3.24% |
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% |
Frequently Asked Questions
ZPRX.DE and VEUR.MI have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, VEUR.MI is cheaper at 0.10% per year. The better choice depends on whether you care most about return, fees, risk, or income.
VEUR.MI is cheaper with a 0.10% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while VEUR.MI tracks FTSE Developed Europe Index. They also come from different issuers: State Street and Vanguard. Their fees differ too: 0.30% for ZPRX.DE and 0.10% for VEUR.MI.
Find the right allocation for ZPRX.DE and VEUR.MI
Add both to a portfolio and optimize allocations for your target — whether that's maximizing returns, minimizing drawdowns, or balancing risk across holdings.
Open Portfolio Optimizer