S0LR.DE vs. ZPDE.DE
S0LR.DE (Invesco Solar Energy UCITS ETF Acc) and ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) are both Energy Equities funds - S0LR.DE tracks the MAC Global Solar Energy while ZPDE.DE tracks the S&P Energy Select Sector. Both are passively managed. Over the past 3 years, S0LR.DE returned -3.99%/yr vs 14.16%/yr for ZPDE.DE. At a 0.17 correlation, their price movements are largely independent. S0LR.DE charges 0.69%/yr vs 0.15%/yr for ZPDE.DE.
Performance
S0LR.DE vs. ZPDE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, S0LR.DE achieves a 39.14% return, which is significantly higher than ZPDE.DE's 32.72% return.
S0LR.DE
- 1D
- -2.10%
- 1M
- 15.39%
- YTD
- 39.14%
- 6M
- 44.58%
- 1Y
- 102.95%
- 3Y*
- -3.99%
- 5Y*
- —
- 10Y*
- —
ZPDE.DE
- 1D
- -0.53%
- 1M
- -0.30%
- YTD
- 32.72%
- 6M
- 29.61%
- 1Y
- 43.77%
- 3Y*
- 14.16%
- 5Y*
- 21.32%
- 10Y*
- 9.33%
S0LR.DE vs. ZPDE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
S0LR.DE Invesco Solar Energy UCITS ETF Acc | 39.14% | 31.50% | -33.95% | -27.80% | 1.22% | -8.13% |
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | 71.20% | 18.99% |
Correlation
The correlation between S0LR.DE and ZPDE.DE is -0.12, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.12 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.10 |
Correlation (All Time) Calculated using the full available price history since Aug 9, 2021 | 0.17 |
The correlation between S0LR.DE and ZPDE.DE shifts across timeframes, from -0.12 (1 year) to 0.17 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
S0LR.DE vs. ZPDE.DE — Risk / Return Rank
S0LR.DE
ZPDE.DE
S0LR.DE vs. ZPDE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco Solar Energy UCITS ETF Acc (S0LR.DE) and SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.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.
| S0LR.DE | ZPDE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.19 | ||
| Sortino ratioReturn per unit of downside risk | +1.28 | ||
| Omega ratioGain probability vs. loss probability | 1.44 | 1.32 | +0.12 |
| Calmar ratioReturn relative to maximum drawdown | 8.71 | 2.54 | +6.18 |
| Martin ratioReturn relative to average drawdown | 21.79 | 8.09 | +13.70 |
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
| S0LR.DE | ZPDE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 3.02 | 1.83 | +1.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.78 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.32 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | -0.12 | 0.26 | -0.38 |
Drawdowns
S0LR.DE vs. ZPDE.DE - Drawdown Comparison
The maximum S0LR.DE drawdown since its inception was -73.43%, which is greater than ZPDE.DE's maximum drawdown of -65.58%. Use the drawdown chart below to compare losses from any high point for S0LR.DE and ZPDE.DE.
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Drawdown Indicators
| S0LR.DE | ZPDE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -73.43% | -65.58% | -7.85% |
Max Drawdown (1Y)Largest decline over 1 year | -11.75% | -17.16% | +5.41% |
Max Drawdown (3Y)Largest decline over 3 years | -65.01% | -26.97% | -38.04% |
Max Drawdown (5Y)Largest decline over 5 years | — | -26.97% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -65.58% | — |
Current DrawdownCurrent decline from peak | -32.82% | -8.87% | -23.95% |
Average DrawdownAverage peak-to-trough decline | -39.70% | -17.28% | -22.42% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.71% | 5.40% | -0.69% |
Volatility
S0LR.DE vs. ZPDE.DE - Volatility Comparison
Invesco Solar Energy UCITS ETF Acc (S0LR.DE) has a higher volatility of 12.56% compared to SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) at 7.53%. This indicates that S0LR.DE's price experiences larger fluctuations and is considered to be riskier than ZPDE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| S0LR.DE | ZPDE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 12.56% | 7.53% | +5.03% |
Volatility (6M)Calculated over the trailing 6-month period | 23.50% | 20.35% | +3.15% |
Volatility (1Y)Calculated over the trailing 1-year period | 33.92% | 23.96% | +9.96% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 36.23% | 26.90% | +9.33% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 36.23% | 28.89% | +7.34% |
S0LR.DE vs. ZPDE.DE - Expense Ratio Comparison
S0LR.DE has a 0.69% expense ratio, which is higher than ZPDE.DE's 0.15% expense ratio.
Dividends
S0LR.DE vs. ZPDE.DE - Dividend Comparison
Neither S0LR.DE nor ZPDE.DE has paid dividends to shareholders.
Frequently Asked Questions
S0LR.DE and ZPDE.DE have a correlation of -0.12, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDE.DE is cheaper with a 0.15% expense ratio, compared with 0.69% for S0LR.DE.
S0LR.DE tracks MAC Global Solar Energy, while ZPDE.DE tracks S&P Energy Select Sector. They also come from different issuers: Invesco and State Street. Their fees differ too: 0.69% for S0LR.DE and 0.15% for ZPDE.DE.
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