SPYQ.DE vs. ZPDI.DE
SPYQ.DE (SPDR MSCI Europe Industrials 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 - SPYQ.DE tracks the MSCI Europe Industrials 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, SPYQ.DE returned 12.90%/yr vs 13.36%/yr for ZPDI.DE. A 0.68 correlation means they provide meaningful diversification when combined. SPYQ.DE charges 0.18%/yr vs 0.15%/yr for ZPDI.DE.
Performance
SPYQ.DE vs. ZPDI.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYQ.DE achieves a 9.97% return, which is significantly lower than ZPDI.DE's 19.85% return. Both investments have delivered pretty close results over the past 10 years, with SPYQ.DE having a 12.90% annualized return and ZPDI.DE not far ahead at 13.36%.
SPYQ.DE
- 1D
- -0.16%
- 1M
- 1.90%
- 6M
- 3.18%
- YTD
- 9.97%
- 1Y
- 15.64%
- 3Y*
- 20.66%
- 5Y*
- 12.52%
- 10Y*
- 12.90%
ZPDI.DE
- 1D
- 0.17%
- 1M
- 4.99%
- 6M
- 15.05%
- YTD
- 19.85%
- 1Y
- 25.09%
- 3Y*
- 18.65%
- 5Y*
- 14.18%
- 10Y*
- 13.36%
SPYQ.DE vs. ZPDI.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYQ.DE SPDR MSCI Europe Industrials UCITS ETF | 9.97% | 25.52% | 14.36% | 26.68% | -16.54% | 28.05% | 4.02% | 37.55% | -14.12% | 15.52% |
ZPDI.DE State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) | 19.85% | 6.82% | 23.74% | 13.82% | -0.16% | 32.11% | -0.48% | 32.04% | -9.77% | 8.34% |
Correlation
The correlation between SPYQ.DE and ZPDI.DE is 0.67, 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 | 0.67 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.62 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.63 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.67 |
Correlation (All Time) Calculated using the full available price history since Jul 7, 2015 | 0.68 |
The correlation between SPYQ.DE and ZPDI.DE has been stable across timeframes, ranging from 0.62 to 0.68 - a consistent structural relationship.
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Return for Risk
SPYQ.DE vs. ZPDI.DE — Risk / Return Rank
SPYQ.DE
ZPDI.DE
SPYQ.DE vs. ZPDI.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Industrials UCITS ETF (SPYQ.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.
| SPYQ.DE | ZPDI.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.88 | ||
| Sortino ratioReturn per unit of downside risk | -1.14 | ||
| Omega ratioGain probability vs. loss probability | 1.14 | 1.28 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | 1.13 | 2.75 | -1.62 |
| Martin ratioReturn relative to average drawdown | 4.07 | 8.98 | -4.92 |
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Drawdowns
SPYQ.DE vs. ZPDI.DE - Drawdown Comparison
The maximum SPYQ.DE drawdown since its inception was -41.44%, roughly equal to the maximum ZPDI.DE drawdown of -41.62%. Use the drawdown chart below to compare losses from any high point for SPYQ.DE and ZPDI.DE.
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Drawdown Indicators
| SPYQ.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -41.44% | -41.62% | +0.18% |
Max Drawdown (1Y)Largest decline over 1 year | -13.15% | -8.83% | -4.32% |
Max Drawdown (3Y)Largest decline over 3 years | -18.37% | -22.54% | +4.17% |
Max Drawdown (5Y)Largest decline over 5 years | -29.20% | -22.54% | -6.66% |
Max Drawdown (10Y)Largest decline over 10 years | -41.44% | -41.62% | +0.18% |
Current DrawdownCurrent decline from peak | -4.14% | -2.02% | -2.12% |
Average DrawdownAverage peak-to-trough decline | -6.47% | -5.95% | -0.52% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.66% | 2.71% | +0.95% |
Volatility
SPYQ.DE vs. ZPDI.DE - Volatility Comparison
SPDR MSCI Europe Industrials UCITS ETF (SPYQ.DE) has a higher volatility of 6.24% compared to State Street SPDR S&P U.S. Industrials Select Sector UCITS ETF (Acc) (ZPDI.DE) at 5.19%. This indicates that SPYQ.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
| SPYQ.DE | ZPDI.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 6.24% | 5.19% | +1.05% |
Volatility (6M)Calculated over the trailing 6-month period | 17.06% | 11.87% | +5.19% |
Volatility (1Y)Calculated over the trailing 1-year period | 20.34% | 15.14% | +5.20% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 19.02% | 16.80% | +2.22% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 19.34% | 20.52% | -1.18% |
SPYQ.DE vs. ZPDI.DE - Expense Ratio Comparison
SPYQ.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
SPYQ.DE vs. ZPDI.DE - Dividend Comparison
Neither SPYQ.DE nor ZPDI.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYQ.DE and ZPDI.DE have a correlation of 0.67, 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 SPYQ.DE.
SPYQ.DE tracks MSCI Europe Industrials 20/35 Capped, while ZPDI.DE tracks S&P Industrials Select Sector Daily Capped 35/20 Index. Their fees differ too: 0.18% for SPYQ.DE and 0.15% for ZPDI.DE.
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