AVUV vs ZPRX: returns, risk and drawdowns compared
Avantis U.S. Small Cap Value ETF against SPDR MSCI Europe Small Cap Value Weighted UCITS ETF, over the same 7 years (October 2019 to October 2026) with dividends reinvested.
Data updated October 2026
From October 2019 to October 2026, AVUV returned 14.8% a year and ZPRX 10.6% a year on average, so AVUV came out ahead by 4.3% a year. AVUV was the more volatile of the two (25.4% against 20.2% a year), and the deepest falls from a month-end high were 42.4% for AVUV and 34.8% for ZPRX.
The correlation of monthly returns was 0.83: they usually moved together. Over 50 rolling 3-year periods, AVUV did better in 72% and ZPRX in 28%.
AVUV trades in USD and ZPRX in EUR: each return is in its own currency, so part of the gap reflects the move of the euro against the dollar.
Side by side
| AVUV | ZPRX | |
|---|---|---|
| Annual return (CAGR) | +14.8% | +10.6% |
| Total return | +166% | +104% |
| Annual volatility | 25.4% | 20.2% |
| Maximum drawdown (month-end) | −42.4% | −34.8% |
| Worst month | −28.9% | −26.0% |
| Best month | +20.5% | +21.8% |
| Positive months | 60% | 62% |
| Best year | 2021: +42.2% | 2021: +27.6% |
| Worst year | 2022: −4.9% | 2022: −13.5% |
| 1-year return | +24.5% | +18.0% |
| 5 years, a year | +10.5% | +8.3% |
| 10 years, a year | — | +8.6% |
| Trading currency | USD | EUR |
First nine rows: the same 85 months for both funds. Trailing returns: to each fund’s last close.
Growth of 10,000: AVUV vs ZPRX
Returns by calendar year
| Year | AVUV | ZPRX |
|---|---|---|
| 2025 | +7.4% | +26.8% |
| 2024 | +9.3% | +4.3% |
| 2023 | +22.8% | +15.3% |
| 2022 | −4.9% | −13.5% |
| 2021 | +42.2% | +27.6% |
| 2020 | +6.4% | −3.5% |
How the figures are calculated
Total return in the fund’s trading currency, from end-of-day prices with dividends reinvested on the ex-date. The fund’s own ongoing charges are already reflected in its price; trading costs, taxes and currency conversion are not included. Past returns do not predict future returns.
The comparison uses only the months in which both funds have prices, so the figures cover the same period even when one fund is older.
Questions
Which has returned more, AVUV or ZPRX?
From October 2019 to October 2026, AVUV returned +14.8% a year and ZPRX +10.6% a year, with dividends reinvested, each in its own trading currency (USD and EUR). Over rolling 3-year periods AVUV did better in 72% of cases. Past returns do not predict future returns.
Which is riskier, AVUV or ZPRX?
Over the same months annual volatility was 25.4% for AVUV and 20.2% for ZPRX; the deepest fall from a month-end high was 42.4% and 34.8%, and the worst single month −28.9% and −26.0%.
How correlated are AVUV and ZPRX?
The correlation of their monthly returns was 0.83: they usually moved together. Combining them has historically given some diversification.
More comparisons
Source: MarketStack end-of-day prices, total return with dividends reinvested. Figures are historical and descriptive; they are not forecasts and not investment advice. MEDGE Capital does not recommend buying or selling any instrument. Risk disclaimer.