ZPRX.DE vs. VWCE.DE
Compare and contrast key facts about SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) and Vanguard FTSE All-World UCITS ETF (VWCE.DE).
ZPRX.DE and VWCE.DE are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. ZPRX.DE is a passively managed fund by State Street that tracks the performance of the MSCI Europe Small Cap Value Weighted. It was launched on Feb 18, 2015. VWCE.DE is a passively managed fund by Vanguard that tracks the performance of the FTSE All-World Index. It was launched on Jul 23, 2019. Both ZPRX.DE and VWCE.DE are passive ETFs, meaning that they are not actively managed but aim to replicate the performance of the underlying index as closely as possible.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: ZPRX.DE or VWCE.DE.
Key characteristics
| ZPRX.DE | VWCE.DE | |
|---|---|---|
| YTD Return | 5.55% | 14.59% |
| 1Y Return | 12.92% | 17.82% |
| 3Y Return (Ann) | 2.39% | 7.85% |
| 5Y Return (Ann) | 7.45% | 10.99% |
| Sharpe Ratio | 0.97 | 1.85 |
| Daily Std Dev | 14.35% | 10.57% |
| Max Drawdown | -43.93% | -33.43% |
| Current Drawdown | -4.21% | -1.75% |
Correlation
The correlation between ZPRX.DE and VWCE.DE is 0.80, which is considered to be high. That indicates a strong positive relationship between their price movements. Having highly-correlated positions in a portfolio may signal a lack of diversification, potentially leading to increased risk during market downturns.
Performance
ZPRX.DE vs. VWCE.DE - Performance Comparison
In the year-to-date period, ZPRX.DE achieves a 5.55% return, which is significantly lower than VWCE.DE's 14.59% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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ZPRX.DE vs. VWCE.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than VWCE.DE's 0.22% expense ratio.
Risk-Adjusted Performance
ZPRX.DE vs. VWCE.DE - Risk-Adjusted Performance 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 All-World UCITS ETF (VWCE.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.
Dividends
ZPRX.DE vs. VWCE.DE - Dividend Comparison
Neither ZPRX.DE nor VWCE.DE has paid dividends to shareholders.
Drawdowns
ZPRX.DE vs. VWCE.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than VWCE.DE's maximum drawdown of -33.43%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and VWCE.DE. For additional features, visit the drawdowns tool.
Volatility
ZPRX.DE vs. VWCE.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.39% compared to Vanguard FTSE All-World UCITS ETF (VWCE.DE) at 3.91%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than VWCE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.