SPYP.DE vs. ZPDI.DE
SPYP.DE (SPDR MSCI Europe Materials UCITS ETF) and ZPDI.DE (State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc)) are both Industrials Equities funds from State Street - SPYP.DE tracks the MSCI Europe Materials 20/35 Capped while ZPDI.DE tracks the S&P Industrials Select Sector Daily Capped 35/20 Index. Both are passively managed. Over the past 10 years, SPYP.DE returned 10.18%/yr vs 13.19%/yr for ZPDI.DE. A 0.60 correlation means they provide meaningful diversification when combined. SPYP.DE charges 0.18%/yr vs 0.15%/yr for ZPDI.DE.
Performance
SPYP.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYP.DE achieves a 13.23% return, which is significantly lower than ZPDI.DE's 19.52% return. Over the past 10 years, SPYP.DE has underperformed ZPDI.DE with an annualized return of 10.18%, while ZPDI.DE has yielded a comparatively higher 13.19% annualized return.
SPYP.DE
- 1D
- 0.33%
- 1M
- -3.34%
- 6M
- 9.49%
- YTD
- 13.23%
- 1Y
- 21.70%
- 3Y*
- 10.26%
- 5Y*
- 5.64%
- 10Y*
- 10.18%
ZPDI.DE
- 1D
- -0.27%
- 1M
- 4.70%
- 6M
- 14.56%
- YTD
- 19.52%
- 1Y
- 24.74%
- 3Y*
- 19.45%
- 5Y*
- 14.26%
- 10Y*
- 13.19%
SPYP.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYP.DE SPDR MSCI Europe Materials UCITS ETF | 13.23% | 13.01% | -3.09% | 12.36% | -9.22% | 24.42% | 9.86% | 27.43% | -14.57% | 18.99% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.52% | 6.82% | 23.74% | 13.82% | -0.16% | 32.11% | -0.48% | 32.04% | -9.77% | 8.34% |
Correlation
The correlation between SPYP.DE and ZPDI.DE is 0.44, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.44 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.41 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.49 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.57 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.60 |
The correlation between SPYP.DE and ZPDI.DE shifts across timeframes, from 0.41 (3 years) to 0.60 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYP.DE vs. ZPDI.DE — Risk / Return Rank
SPYP.DE
ZPDI.DE
SPYP.DE vs. ZPDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) and State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.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.
| SPYP.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.29 | -0.07 |
| Calmar ratioReturn relative to maximum drawdown | 1.65 | 2.79 | -1.14 |
| Martin ratioReturn relative to average drawdown | 6.31 | 9.10 | -2.79 |
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Drawdowns
SPYP.DE vs. ZPDI.DE - Drawdown Comparison
The maximum SPYP.DE drawdown since its inception was -36.99%, smaller than the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for SPYP.DE and ZPDI.DE.
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Drawdown Indicators
| SPYP.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -36.99% | -41.62% | +4.63% |
Max Drawdown (1Y)Largest decline over 1 year | -13.07% | -8.83% | -4.24% |
Max Drawdown (3Y)Largest decline over 3 years | -20.69% | -22.54% | +1.85% |
Max Drawdown (5Y)Largest decline over 5 years | -22.63% | -22.54% | -0.09% |
Max Drawdown (10Y)Largest decline over 10 years | -35.40% | -41.62% | +6.22% |
Current DrawdownCurrent decline from peak | -5.05% | -2.29% | -2.76% |
Average DrawdownAverage peak-to-trough decline | -9.00% | -5.94% | -3.06% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.43% | 2.71% | +0.72% |
Volatility
SPYP.DE vs. ZPDI.DE - Volatility Comparison
SPDR MSCI Europe Materials UCITS ETF (SPYP.DE) has a higher volatility of 5.72% compared to State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) at 5.05%. This indicates that SPYP.DE's price experiences larger fluctuations and is considered to be riskier than ZPDI.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYP.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.72% | 5.05% | +0.67% |
Volatility (6M)Calculated over the trailing 6-month period | 15.44% | 11.83% | +3.61% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.65% | 15.10% | +2.55% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.01% | 16.80% | +1.21% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.14% | 20.52% | -1.38% |
SPYP.DE vs. ZPDI.DE - Expense Ratio Comparison
SPYP.DE has a 0.18% expense ratio, which is higher than ZPDI.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
SPYP.DE vs. ZPDI.DE - Dividend Comparison
Neither SPYP.DE nor ZPDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYP.DE and ZPDI.DE have a correlation of 0.44, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDI.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDI.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYP.DE.
SPYP.DE tracks MSCI Europe Materials 20/35 Capped, while ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index. Their fees differ too: 0.18% for SPYP.DE and 0.15% for ZPDI.DE.
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