ZPRX.DE vs. WTEE.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and WTEE.DE (WisdomTree Europe Equity Income UCITS ETF) are both Europe Equities funds - ZPRX.DE tracks the MSCI Europe Small Cap Value Weighted while WTEE.DE tracks the WisdomTree Europe Equity Income. Both are passively managed. Over the past 5 years, ZPRX.DE returned 7.77%/yr vs 12.46%/yr for WTEE.DE. A 0.72 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.29%/yr for WTEE.DE.
Performance
ZPRX.DE vs. WTEE.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 WTEE.DE's 13.70% 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%
WTEE.DE
- 1D
- -0.26%
- 1M
- 1.18%
- YTD
- 13.70%
- 6M
- 16.39%
- 1Y
- 25.85%
- 3Y*
- 17.15%
- 5Y*
- 12.46%
- 10Y*
- —
ZPRX.DE vs. WTEE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 7.81% | 26.81% | 4.28% | 15.28% | -13.52% | 27.58% | 22.17% |
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 13.70% | 28.40% | 2.20% | 15.07% | 0.05% | 18.73% | 6.60% |
Correlation
The correlation between ZPRX.DE and WTEE.DE is 0.68, 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 | 0.68 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.74 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 19, 2020 | 0.72 |
The correlation between ZPRX.DE and WTEE.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. WTEE.DE — Risk / Return Rank
ZPRX.DE
WTEE.DE
ZPRX.DE vs. WTEE.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 WisdomTree Europe Equity Income UCITS ETF (WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.12 | ||
| Sortino ratioReturn per unit of downside risk | -1.35 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.43 | -0.20 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 3.80 | -2.33 |
| Martin ratioReturn relative to average drawdown | 5.42 | 14.72 | -9.29 |
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 | WTEE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.35 | -1.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.93 | -0.47 |
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 | 1.08 | -0.69 |
Drawdowns
ZPRX.DE vs. WTEE.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than WTEE.DE's maximum drawdown of -16.45%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and WTEE.DE.
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Drawdown Indicators
| ZPRX.DE | WTEE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -16.45% | -27.48% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -6.78% | -4.85% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -14.12% | -1.83% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -16.45% | -11.07% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | — | — |
Current DrawdownCurrent decline from peak | -1.51% | -1.96% | +0.45% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -2.65% | -5.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 1.75% | +1.41% |
Volatility
ZPRX.DE vs. WTEE.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to WisdomTree Europe Equity Income UCITS ETF (WTEE.DE) at 3.73%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than WTEE.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 | WTEE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.73% | +0.44% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 8.73% | +2.57% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 10.94% | +3.00% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 14.50% | +2.19% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 14.99% | +3.15% |
ZPRX.DE vs. WTEE.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is higher than WTEE.DE's 0.29% expense ratio.
Dividends
ZPRX.DE vs. WTEE.DE - Dividend Comparison
ZPRX.DE has not paid dividends to shareholders, while WTEE.DE's dividend yield for the trailing twelve months is around 4.55%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
WTEE.DE WisdomTree Europe Equity Income UCITS ETF | 4.55% | 5.37% | 6.81% | 5.61% | 5.35% | 4.64% |
ZPRX.DE SPDR MSCI Europe Small Cap Value Weighted UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPRX.DE and WTEE.DE have a correlation of 0.68, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, WTEE.DE is cheaper at 0.29% per year. The better choice depends on whether you care most about return, fees, risk, or income.
WTEE.DE is cheaper with a 0.29% expense ratio, compared with 0.30% for ZPRX.DE.
ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while WTEE.DE tracks WisdomTree Europe Equity Income. They also come from different issuers: State Street and WisdomTree. Their fees differ too: 0.30% for ZPRX.DE and 0.29% for WTEE.DE.
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