SPYT.DE vs. ZPDK.DE
SPYT.DE (SPDR MSCI Europe Communication Services UCITS ETF) and ZPDK.DE (SPDR S&P U.S. Communication Services Select Sector UCITS ETF) are both Communications Equities funds from State Street - SPYT.DE tracks the MSCI Europe Communication Services 20/35 Capped while ZPDK.DE tracks the S&P Communication Services Select Sector Daily Capped 25/20. Both are passively managed. Over the past 5 years, SPYT.DE returned 5.43%/yr vs 11.35%/yr for ZPDK.DE. At a 0.46 correlation, their price movements are largely independent. SPYT.DE charges 0.18%/yr vs 0.15%/yr for ZPDK.DE.
Performance
SPYT.DE vs. ZPDK.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYT.DE achieves a 3.11% return, which is significantly lower than ZPDK.DE's 3.41% return.
SPYT.DE
- 1D
- -0.08%
- 1M
- 2.62%
- YTD
- 3.11%
- 6M
- 5.27%
- 1Y
- -7.75%
- 3Y*
- 10.29%
- 5Y*
- 5.43%
- 10Y*
- 1.47%
ZPDK.DE
- 1D
- 1.45%
- 1M
- -2.27%
- YTD
- 3.41%
- 6M
- 2.07%
- 1Y
- 18.77%
- 3Y*
- 22.06%
- 5Y*
- 11.35%
- 10Y*
- —
SPYT.DE vs. ZPDK.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|---|
SPYT.DE SPDR MSCI Europe Communication Services UCITS ETF | 3.11% | 7.33% | 14.79% | 14.90% | -11.90% | 13.68% | -12.90% | 5.78% | -0.37% |
ZPDK.DE SPDR S&P U.S. Communication Services Select Sector UCITS ETF | 3.41% | 13.23% | 39.09% | 48.24% | -33.43% | 26.14% | 15.70% | 33.80% | -15.00% |
Correlation
The correlation between SPYT.DE and ZPDK.DE is 0.33, which is low. Their price movements are largely independent, making them effective diversification partners.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.33 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.33 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.42 |
Correlation (All Time) Calculated using the full available price history since Aug 17, 2018 | 0.46 |
The correlation between SPYT.DE and ZPDK.DE shifts across timeframes, from 0.33 (1 year) to 0.46 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
SPYT.DE vs. ZPDK.DE — Risk / Return Rank
SPYT.DE
ZPDK.DE
SPYT.DE vs. ZPDK.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and SPDR S&P U.S. Communication Services Select Sector UCITS ETF (ZPDK.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.
| SPYT.DE | ZPDK.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.92 | ||
| Sortino ratioReturn per unit of downside risk | -2.74 | ||
| Omega ratioGain probability vs. loss probability | 0.92 | 1.23 | -0.31 |
| Calmar ratioReturn relative to maximum drawdown | -0.52 | 2.25 | -2.77 |
| Martin ratioReturn relative to average drawdown | -0.97 | 7.91 | -8.88 |
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
| SPYT.DE | ZPDK.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | -0.58 | 1.34 | -1.92 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.40 | 0.60 | -0.21 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.09 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.23 | 0.68 | -0.45 |
Drawdowns
SPYT.DE vs. ZPDK.DE - Drawdown Comparison
The maximum SPYT.DE drawdown since its inception was -49.63%, which is greater than ZPDK.DE's maximum drawdown of -36.98%. Use the drawdown chart below to compare losses from any high point for SPYT.DE and ZPDK.DE.
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Drawdown Indicators
| SPYT.DE | ZPDK.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -49.63% | -36.98% | -12.65% |
Max Drawdown (1Y)Largest decline over 1 year | -14.98% | -8.30% | -6.68% |
Max Drawdown (3Y)Largest decline over 3 years | -14.98% | -21.88% | +6.90% |
Max Drawdown (5Y)Largest decline over 5 years | -20.35% | -36.98% | +16.63% |
Max Drawdown (10Y)Largest decline over 10 years | -40.09% | — | — |
Current DrawdownCurrent decline from peak | -8.46% | -4.21% | -4.25% |
Average DrawdownAverage peak-to-trough decline | -18.83% | -7.91% | -10.92% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 7.65% | 2.37% | +5.28% |
Volatility
SPYT.DE vs. ZPDK.DE - Volatility Comparison
SPDR MSCI Europe Communication Services UCITS ETF (SPYT.DE) and SPDR S&P U.S. Communication Services Select Sector UCITS ETF (ZPDK.DE) have volatilities of 4.21% and 4.24%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYT.DE | ZPDK.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 4.21% | 4.24% | -0.03% |
Volatility (6M)Calculated over the trailing 6-month period | 10.43% | 9.60% | +0.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 13.45% | 13.93% | -0.48% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 13.48% | 18.59% | -5.11% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.67% | 19.48% | -3.81% |
SPYT.DE vs. ZPDK.DE - Expense Ratio Comparison
SPYT.DE has a 0.18% expense ratio, which is higher than ZPDK.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
SPYT.DE vs. ZPDK.DE - Dividend Comparison
Neither SPYT.DE nor ZPDK.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYT.DE and ZPDK.DE have a correlation of 0.33, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDK.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDK.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYT.DE.
SPYT.DE tracks MSCI Europe Communication Services 20/35 Capped, while ZPDK.DE tracks S&P Communication Services Select Sector Daily Capped 25/20. Their fees differ too: 0.18% for SPYT.DE and 0.15% for ZPDK.DE.
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