SPYK.DE vs. ZPDT.DE
SPYK.DE (SPDR MSCI Europe Technology UCITS ETF) and ZPDT.DE (SPDR S&P US Technology Select Sector UCITS ETF) are both Technology Equities funds from State Street - SPYK.DE tracks the MSCI Europe Information Technology 20/35 Capped while ZPDT.DE tracks the S&P Technology Select Sector. Both are passively managed. Over the past 10 years, SPYK.DE returned 16.39%/yr vs 24.05%/yr for ZPDT.DE. A 0.75 correlation means they provide meaningful diversification when combined. SPYK.DE charges 0.18%/yr vs 0.15%/yr for ZPDT.DE.
Performance
SPYK.DE vs. ZPDT.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYK.DE achieves a 50.09% return, which is significantly higher than ZPDT.DE's 24.09% return. Over the past 10 years, SPYK.DE has underperformed ZPDT.DE with an annualized return of 16.39%, while ZPDT.DE has yielded a comparatively higher 24.05% annualized return.
SPYK.DE
- 1D
- 0.27%
- 1M
- 20.48%
- YTD
- 50.09%
- 6M
- 47.63%
- 1Y
- 59.88%
- 3Y*
- 24.74%
- 5Y*
- 15.13%
- 10Y*
- 16.39%
ZPDT.DE
- 1D
- -2.28%
- 1M
- 13.81%
- YTD
- 24.09%
- 6M
- 23.15%
- 1Y
- 49.52%
- 3Y*
- 26.33%
- 5Y*
- 22.38%
- 10Y*
- 24.05%
SPYK.DE vs. ZPDT.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYK.DE SPDR MSCI Europe Technology UCITS ETF | 50.09% | 10.46% | 8.46% | 35.03% | -28.76% | 36.64% | 13.36% | 38.97% | -7.68% | 19.55% |
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% | 53.58% | 1.75% | 17.29% |
Correlation
The correlation between SPYK.DE and ZPDT.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 | 0.69 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.74 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.74 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.75 |
The correlation between SPYK.DE and ZPDT.DE has been stable across timeframes, ranging from 0.68 to 0.75 - a consistent structural relationship.
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Return for Risk
SPYK.DE vs. ZPDT.DE — Risk / Return Rank
SPYK.DE
ZPDT.DE
SPYK.DE vs. ZPDT.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Technology UCITS ETF (SPYK.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.
| SPYK.DE | ZPDT.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.12 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.38 | 1.39 | -0.01 |
| Calmar ratioReturn relative to maximum drawdown | 4.59 | 3.19 | +1.40 |
| Martin ratioReturn relative to average drawdown | 12.19 | 8.35 | +3.84 |
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
| SPYK.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.30 | 2.43 | -0.12 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.58 | 0.99 | -0.41 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.67 | 1.12 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.63 | 1.03 | -0.40 |
Drawdowns
SPYK.DE vs. ZPDT.DE - Drawdown Comparison
The maximum SPYK.DE drawdown since its inception was -38.45%, which is greater than ZPDT.DE's maximum drawdown of -31.48%. Use the drawdown chart below to compare losses from any high point for SPYK.DE and ZPDT.DE.
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Drawdown Indicators
| SPYK.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -38.45% | -31.48% | -6.97% |
Max Drawdown (1Y)Largest decline over 1 year | -12.99% | -15.47% | +2.48% |
Max Drawdown (3Y)Largest decline over 3 years | -27.02% | -29.50% | +2.48% |
Max Drawdown (5Y)Largest decline over 5 years | -38.45% | -29.50% | -8.95% |
Max Drawdown (10Y)Largest decline over 10 years | -38.45% | -31.48% | -6.97% |
Current DrawdownCurrent decline from peak | -0.09% | -3.09% | +3.00% |
Average DrawdownAverage peak-to-trough decline | -8.36% | -5.68% | -2.68% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 4.90% | 5.91% | -1.01% |
Volatility
SPYK.DE vs. ZPDT.DE - Volatility Comparison
SPDR MSCI Europe Technology UCITS ETF (SPYK.DE) has a higher volatility of 10.31% compared to SPDR S&P US Technology Select Sector UCITS ETF (ZPDT.DE) at 7.06%. This indicates that SPYK.DE's price experiences larger fluctuations and is considered to be riskier than ZPDT.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYK.DE | ZPDT.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 10.31% | 7.06% | +3.25% |
Volatility (6M)Calculated over the trailing 6-month period | 20.95% | 14.78% | +6.17% |
Volatility (1Y)Calculated over the trailing 1-year period | 25.88% | 20.30% | +5.58% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 25.86% | 22.33% | +3.53% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.18% | 21.38% | +2.80% |
SPYK.DE vs. ZPDT.DE - Expense Ratio Comparison
SPYK.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
SPYK.DE vs. ZPDT.DE - Dividend Comparison
Neither SPYK.DE nor ZPDT.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYK.DE and ZPDT.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, 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 SPYK.DE.
SPYK.DE tracks MSCI Europe Information Technology 20/35 Capped, while ZPDT.DE tracks S&P Technology Select Sector. Their fees differ too: 0.18% for SPYK.DE and 0.15% for ZPDT.DE.
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