AYEW.DE vs. ZPDT.DE
AYEW.DE (iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist)) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds - AYEW.DE tracks the MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 5 years, AYEW.DE returned 21.48%/yr vs 22.38%/yr for ZPDT.DE. With a 0.98 correlation, they move nearly in lockstep. AYEW.DE charges 0.18%/yr vs 0.15%/yr for ZPDT.DE.
Performance
AYEW.DE vs. ZPDT.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both stocks are quite close, with AYEW.DE having a 24.61% return and ZPDT.DE slightly lower at 24.09%.
AYEW.DE
- 1D
- -1.67%
- 1M
- 13.12%
- YTD
- 24.61%
- 6M
- 22.76%
- 1Y
- 44.30%
- 3Y*
- 27.99%
- 5Y*
- 21.48%
- 10Y*
- —
ZPDT.DE
- 1D
- -2.28%
- 1M
- 11.72%
- YTD
- 24.09%
- 6M
- 22.52%
- 1Y
- 48.51%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
AYEW.DE vs. ZPDT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 24.61% | 9.65% | 33.73% | 55.77% | -29.69% | 41.89% | 30.99% | 12.00% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 24.09% | 11.31% | 29.30% | 52.02% | -25.52% | 47.48% | 30.46% | 12.49% |
Correlation
The correlation between AYEW.DE and ZPDT.DE is 0.98 - these two move nearly in lockstep. At this level, holding both provides almost no diversification benefit. If you already own one, adding the other does little to reduce portfolio risk.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.98 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.97 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.97 |
Correlation (All Time) Calculated using the full available price history since Oct 23, 2019 | 0.98 |
The correlation between AYEW.DE and ZPDT.DE has been stable across timeframes, ranging from 0.97 to 0.98 - a consistent structural relationship.
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Return for Risk
AYEW.DE vs. ZPDT.DE — Risk / Return Rank
AYEW.DE
ZPDT.DE
AYEW.DE vs. ZPDT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) and SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.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.
| AYEW.DE | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.17 | ||
| Sortino ratioReturn per unit of downside risk | -0.19 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.39 | -0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.01 | 3.19 | -0.18 |
| Martin ratioReturn relative to average drawdown | 8.00 | 8.35 | -0.35 |
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
| AYEW.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.26 | 2.43 | -0.17 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.93 | 0.99 | -0.06 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 1.12 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.02 | 1.03 | -0.01 |
Drawdowns
AYEW.DE vs. ZPDT.DE - Drawdown Comparison
The maximum AYEW.DE drawdown since its inception was -31.36%, roughly equal to the maximum ZPDT.DE drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for AYEW.DE and ZPDT.DE.
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Drawdown Indicators
| AYEW.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -31.36% | -31.48% | +0.12% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -15.47% | +0.49% |
Max Drawdown (3Y)Largest decline over 3 years | -29.01% | -29.50% | +0.49% |
Max Drawdown (5Y)Largest decline over 5 years | -30.10% | -29.50% | -0.60% |
Max Drawdown (10Y)Largest decline over 10 years | — | -31.48% | — |
Current DrawdownCurrent decline from peak | -2.13% | -3.09% | +0.96% |
Average DrawdownAverage peak-to-trough decline | -7.74% | -5.68% | -2.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.64% | 5.91% | -0.27% |
Volatility
AYEW.DE vs. ZPDT.DE - Volatility Comparison
iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) (AYEW.DE) and SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) have volatilities of 6.77% and 7.06%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| AYEW.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.77% | 7.06% | -0.29% |
Volatility (6M)Calculated over the trailing 6-month period | 14.89% | 14.78% | +0.11% |
Volatility (1Y)Calculated over the trailing 1-year period | 19.98% | 20.30% | -0.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 22.77% | 22.33% | +0.44% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 23.48% | 21.38% | +2.10% |
AYEW.DE vs. ZPDT.DE - Expense Ratio Comparison
AYEW.DE has a 0.18% expense ratio, which is higher than ZPDT.DE's 0.15% expense ratio. However, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
AYEW.DE vs. ZPDT.DE - Dividend Comparison
AYEW.DE's dividend yield for the trailing twelve months is around 0.25%, while ZPDT.DE has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
AYEW.DE iShares MSCI World Information Technology Sector ESG UCITS ETF USD (Dist) | 0.25% | 0.31% | 0.38% | 0.46% | 0.82% | 0.40% | 0.65% | 0.12% |
ZPDT.DE SPDR S&P US Technology Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
With a correlation of 0.98, AYEW.DE and ZPDT.DE move almost identically. Holding both adds very little diversification - you're essentially doubling your position in the same market segment. Choosing one is usually more capital-efficient.
On fees, ZPDT.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDT.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for AYEW.DE.
AYEW.DE tracks MSCI World Information Technology ESG Reduced Carbon Select 20 35 Capped, while ZPDT.DE tracks S&P Technology Select Sector. They also come from different issuers: iShares and State Street. Their fees differ too: 0.18% for AYEW.DE and 0.15% for ZPDT.DE.
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