ZPRX.DE vs. ZPRS.DE
ZPRX.DE (SPDR MSCI Europe Small Cap Value Weighted UCITS ETF) and ZPRS.DE (SPDR MSCI World Small Cap UCITS ETF) are both exchange-traded funds - ZPRX.DE is a Europe Equities fund tracking the MSCI Europe Small Cap Value Weighted, while ZPRS.DE is a Global Equities fund tracking the MSCI World Small Cap. Both are passively managed. Over the past 10 years, ZPRX.DE returned 8.15%/yr vs 9.81%/yr for ZPRS.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPRX.DE charges 0.30%/yr vs 0.45%/yr for ZPRS.DE.
Performance
ZPRX.DE vs. ZPRS.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 ZPRS.DE's 14.70% return. Over the past 10 years, ZPRX.DE has underperformed ZPRS.DE with an annualized return of 8.15%, while ZPRS.DE has yielded a comparatively higher 9.81% 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%
ZPRS.DE
- 1D
- 0.46%
- 1M
- 3.86%
- YTD
- 14.70%
- 6M
- 15.69%
- 1Y
- 30.01%
- 3Y*
- 14.74%
- 5Y*
- 7.87%
- 10Y*
- 9.81%
ZPRX.DE vs. ZPRS.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% |
ZPRS.DE SPDR MSCI World Small Cap UCITS ETF | 14.70% | 7.37% | 13.79% | 12.57% | -13.88% | 25.10% | 5.40% | 30.21% | -11.45% | 7.16% |
Correlation
The correlation between ZPRX.DE and ZPRS.DE is 0.77, 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 | 0.77 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.76 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.76 |
Correlation (All Time) Calculated using the full available price history since Feb 20, 2015 | 0.76 |
The correlation between ZPRX.DE and ZPRS.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
ZPRX.DE vs. ZPRS.DE — Risk / Return Rank
ZPRX.DE
ZPRS.DE
ZPRX.DE vs. ZPRS.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 MSCI World Small Cap UCITS ETF (ZPRS.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 | ZPRS.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.93 | ||
| Sortino ratioReturn per unit of downside risk | -1.26 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.38 | -0.15 |
| Calmar ratioReturn relative to maximum drawdown | 1.47 | 4.14 | -2.67 |
| Martin ratioReturn relative to average drawdown | 5.42 | 15.60 | -10.18 |
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 | ZPRS.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.23 | 2.16 | -0.93 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.46 | 0.47 | -0.01 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.45 | 0.57 | -0.12 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.39 | 0.60 | -0.20 |
Drawdowns
ZPRX.DE vs. ZPRS.DE - Drawdown Comparison
The maximum ZPRX.DE drawdown since its inception was -43.93%, which is greater than ZPRS.DE's maximum drawdown of -40.22%. Use the drawdown chart below to compare losses from any high point for ZPRX.DE and ZPRS.DE.
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Drawdown Indicators
| ZPRX.DE | ZPRS.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -43.93% | -40.22% | -3.71% |
Max Drawdown (1Y)Largest decline over 1 year | -11.63% | -7.22% | -4.41% |
Max Drawdown (3Y)Largest decline over 3 years | -15.95% | -24.49% | +8.54% |
Max Drawdown (5Y)Largest decline over 5 years | -27.52% | -24.49% | -3.03% |
Max Drawdown (10Y)Largest decline over 10 years | -43.93% | -40.22% | -3.71% |
Current DrawdownCurrent decline from peak | -1.51% | 0.00% | -1.51% |
Average DrawdownAverage peak-to-trough decline | -7.71% | -6.41% | -1.30% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.16% | 1.92% | +1.24% |
Volatility
ZPRX.DE vs. ZPRS.DE - Volatility Comparison
SPDR MSCI Europe Small Cap Value Weighted UCITS ETF (ZPRX.DE) has a higher volatility of 4.17% compared to SPDR MSCI World Small Cap UCITS ETF (ZPRS.DE) at 3.55%. This indicates that ZPRX.DE's price experiences larger fluctuations and is considered to be riskier than ZPRS.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 | ZPRS.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.17% | 3.55% | +0.62% |
Volatility (6M)Calculated over the trailing 6-month period | 11.30% | 9.68% | +1.62% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.94% | 13.83% | +0.11% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.69% | 16.58% | +0.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 18.14% | 17.26% | +0.88% |
ZPRX.DE vs. ZPRS.DE - Expense Ratio Comparison
ZPRX.DE has a 0.30% expense ratio, which is lower than ZPRS.DE's 0.45% expense ratio.
Dividends
ZPRX.DE vs. ZPRS.DE - Dividend Comparison
Neither ZPRX.DE nor ZPRS.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPRX.DE and ZPRS.DE have a correlation of 0.77, 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 0.45% for ZPRS.DE.
ZPRX.DE is categorized as Europe Equities, while ZPRS.DE is Global Equities. ZPRX.DE tracks MSCI Europe Small Cap Value Weighted, while ZPRS.DE tracks MSCI World Small Cap. Their fees differ too: 0.30% for ZPRX.DE and 0.45% for ZPRS.DE.
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