SPYL.DE vs. ZPDH.DE
SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) and ZPDH.DE (SPDR S&P US Health Care Select Sector UCITS ETF) are both exchange-traded funds - SPYL.DE is a S&P 500 fund tracking the S&P 500 Index, while ZPDH.DE is a Health & Biotech Equities fund tracking the S&P Health Care Select Sector. Both are passively managed. Over the past year, SPYL.DE returned 23.25% vs 23.11% for ZPDH.DE. At a 0.34 correlation, their price movements are largely independent. SPYL.DE charges 0.03%/yr vs 0.15%/yr for ZPDH.DE.
Performance
SPYL.DE vs. ZPDH.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYL.DE achieves a 12.88% return, which is significantly higher than ZPDH.DE's 5.62% return.
SPYL.DE
- 1D
- 0.00%
- 1M
- 1.25%
- 6M
- 11.87%
- YTD
- 12.88%
- 1Y
- 23.25%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPDH.DE
- 1D
- 0.53%
- 1M
- 5.72%
- 6M
- 3.79%
- YTD
- 5.62%
- 1Y
- 23.11%
- 3Y*
- 7.37%
- 5Y*
- 6.39%
- 10Y*
- 9.06%
SPYL.DE vs. ZPDH.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 12.88% | 4.71% | 32.33% | 8.23% |
ZPDH.DE SPDR S&P US Health Care Select Sector UCITS ETF | 5.62% | 1.74% | 8.46% | 4.80% |
Correlation
The correlation between SPYL.DE and ZPDH.DE is 0.18, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.18 |
Correlation (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.34 |
The correlation between SPYL.DE and ZPDH.DE shifts across timeframes, from 0.18 (1 year) to 0.34 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYL.DE vs. ZPDH.DE — Risk / Return Rank
SPYL.DE
ZPDH.DE
SPYL.DE vs. ZPDH.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) and SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| SPYL.DE | ZPDH.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.44 | ||
| Sortino ratioReturn per unit of downside risk | +0.40 | ||
| Omega ratioGain probability vs. loss probability | 1.36 | 1.26 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 3.28 | 2.13 | +1.14 |
| Martin ratioReturn relative to average drawdown | 11.51 | 5.27 | +6.24 |
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Drawdowns
SPYL.DE vs. ZPDH.DE - Drawdown Comparison
The maximum SPYL.DE drawdown since its inception was -23.27%, smaller than the maximum ZPDH.DE drawdown of -26.63%. Use the drawdown chart below to compare losses from any high point for SPYL.DE and ZPDH.DE.
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Drawdown Indicators
| SPYL.DE | ZPDH.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.27% | -26.63% | +3.36% |
Max Drawdown (1Y)Largest decline over 1 year | -7.13% | -10.79% | +3.66% |
Max Drawdown (3Y)Largest decline over 3 years | — | -22.66% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -22.66% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.63% | — |
Current DrawdownCurrent decline from peak | -0.41% | -3.48% | +3.07% |
Average DrawdownAverage peak-to-trough decline | -3.27% | -6.99% | +3.72% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.03% | 4.37% | -2.34% |
Volatility
SPYL.DE vs. ZPDH.DE - Volatility Comparison
The current volatility for State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.DE) is 2.80%, while SPDR S&P US Health Care Select Sector UCITS ETF (ZPDH.DE) has a volatility of 5.55%. This indicates that SPYL.DE experiences smaller price fluctuations and is considered to be less risky than ZPDH.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYL.DE | ZPDH.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 2.80% | 5.55% | -2.75% |
Volatility (6M)Calculated over the trailing 6-month period | 8.09% | 11.02% | -2.93% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.01% | 15.28% | -3.27% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 14.93% | 14.63% | +0.30% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 14.93% | 16.71% | -1.78% |
SPYL.DE vs. ZPDH.DE - Expense Ratio Comparison
SPYL.DE has a 0.03% expense ratio, which is lower than ZPDH.DE's 0.15% expense ratio. Despite the difference, both funds are considered low-cost compared to the broader market, where average expense ratios usually range from 0.3% to 0.9%.
Dividends
SPYL.DE vs. ZPDH.DE - Dividend Comparison
Neither SPYL.DE nor ZPDH.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYL.DE and ZPDH.DE have a correlation of 0.18, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for ZPDH.DE.
SPYL.DE is categorized as S&P 500, while ZPDH.DE is Health & Biotech Equities. SPYL.DE tracks S&P 500 Index, while ZPDH.DE tracks S&P Health Care Select Sector. Their fees differ too: 0.03% for SPYL.DE and 0.15% for ZPDH.DE.
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