SPYZ.DE vs. ZPDF.DE
SPYZ.DE (SPDR MSCI Europe Financials UCITS ETF) and ZPDF.DE (SPDR S&P US Financials Select Sector UCITS ETF) are both Financials Equities funds from State Street - SPYZ.DE tracks the MSCI Europe Financials 20/35 Capped while ZPDF.DE tracks the S&P Financials Select Sector. Both are passively managed. Over the past 10 years, SPYZ.DE returned 12.24%/yr vs 11.95%/yr for ZPDF.DE. A 0.64 correlation means they provide meaningful diversification when combined. SPYZ.DE charges 0.18%/yr vs 0.15%/yr for ZPDF.DE.
Performance
SPYZ.DE vs. ZPDF.DE - Performance Comparison
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Returns By Period
In the year-to-date period, SPYZ.DE achieves a 3.30% return, which is significantly higher than ZPDF.DE's -4.18% return. Both investments have delivered pretty close results over the past 10 years, with SPYZ.DE having a 12.24% annualized return and ZPDF.DE not far behind at 11.95%.
SPYZ.DE
- 1D
- 0.55%
- 1M
- 3.48%
- YTD
- 3.30%
- 6M
- 9.90%
- 1Y
- 22.41%
- 3Y*
- 28.74%
- 5Y*
- 19.38%
- 10Y*
- 12.24%
ZPDF.DE
- 1D
- 3.08%
- 1M
- 2.03%
- YTD
- -4.18%
- 6M
- -1.66%
- 1Y
- 1.82%
- 3Y*
- 15.32%
- 5Y*
- 9.00%
- 10Y*
- 11.95%
SPYZ.DE vs. ZPDF.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
SPYZ.DE SPDR MSCI Europe Financials UCITS ETF | 3.30% | 48.26% | 25.23% | 21.51% | -2.51% | 28.19% | -15.32% | 24.02% | -19.59% | 12.30% |
ZPDF.DE SPDR S&P US Financials Select Sector UCITS ETF | -4.18% | 3.01% | 37.12% | 8.46% | -6.12% | 48.31% | -12.18% | 35.27% | -10.30% | 7.53% |
Correlation
The correlation between SPYZ.DE and ZPDF.DE is 0.57, 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 | 0.57 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.52 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.61 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.66 |
Correlation (All Time) Calculated using the full available price history since Jul 20, 2015 | 0.64 |
The correlation between SPYZ.DE and ZPDF.DE shifts across timeframes, from 0.52 (3 years) to 0.66 (10 years), reflecting how their relationship changes across market environments.
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Return for Risk
SPYZ.DE vs. ZPDF.DE — Risk / Return Rank
SPYZ.DE
ZPDF.DE
SPYZ.DE vs. ZPDF.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) and SPDR S&P US Financials Select Sector UCITS ETF (ZPDF.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.
| SPYZ.DE | ZPDF.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.14 | ||
| Sortino ratioReturn per unit of downside risk | +1.56 | ||
| Omega ratioGain probability vs. loss probability | 1.22 | 1.03 | +0.19 |
| Calmar ratioReturn relative to maximum drawdown | 1.82 | 0.14 | +1.67 |
| Martin ratioReturn relative to average drawdown | 6.13 | 0.33 | +5.80 |
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
| SPYZ.DE | ZPDF.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.26 | 0.12 | +1.14 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 1.02 | 0.49 | +0.53 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.57 | 0.58 | -0.01 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.47 | 0.48 | -0.01 |
Drawdowns
SPYZ.DE vs. ZPDF.DE - Drawdown Comparison
The maximum SPYZ.DE drawdown since its inception was -45.16%, which is greater than ZPDF.DE's maximum drawdown of -42.38%. Use the drawdown chart below to compare losses from any high point for SPYZ.DE and ZPDF.DE.
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Drawdown Indicators
| SPYZ.DE | ZPDF.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -45.16% | -42.38% | -2.78% |
Max Drawdown (1Y)Largest decline over 1 year | -12.28% | -12.75% | +0.47% |
Max Drawdown (3Y)Largest decline over 3 years | -16.91% | -21.67% | +4.76% |
Max Drawdown (5Y)Largest decline over 5 years | -23.17% | -21.67% | -1.50% |
Max Drawdown (10Y)Largest decline over 10 years | -45.16% | -42.38% | -2.78% |
Current DrawdownCurrent decline from peak | -2.74% | -9.42% | +6.68% |
Average DrawdownAverage peak-to-trough decline | -9.57% | -7.77% | -1.80% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 3.65% | 5.55% | -1.90% |
Volatility
SPYZ.DE vs. ZPDF.DE - Volatility Comparison
SPDR MSCI Europe Financials UCITS ETF (SPYZ.DE) has a higher volatility of 5.19% compared to SPDR S&P US Financials Select Sector UCITS ETF (ZPDF.DE) at 4.24%. This indicates that SPYZ.DE's price experiences larger fluctuations and is considered to be riskier than ZPDF.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| SPYZ.DE | ZPDF.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.19% | 4.24% | +0.95% |
Volatility (6M)Calculated over the trailing 6-month period | 14.37% | 10.54% | +3.83% |
Volatility (1Y)Calculated over the trailing 1-year period | 17.69% | 14.67% | +3.02% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 18.75% | 18.20% | +0.55% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 21.28% | 21.18% | +0.10% |
SPYZ.DE vs. ZPDF.DE - Expense Ratio Comparison
SPYZ.DE has a 0.18% expense ratio, which is higher than ZPDF.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
SPYZ.DE vs. ZPDF.DE - Dividend Comparison
Neither SPYZ.DE nor ZPDF.DE has paid dividends to shareholders.
Frequently Asked Questions
SPYZ.DE and ZPDF.DE have a correlation of 0.57, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDF.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDF.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for SPYZ.DE.
SPYZ.DE tracks MSCI Europe Financials 20/35 Capped, while ZPDF.DE tracks S&P Financials Select Sector. Their fees differ too: 0.18% for SPYZ.DE and 0.15% for ZPDF.DE.
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