ZPDE.DE vs. ESIE.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and ESIE.DE (iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc)) are both Energy Equities funds - ZPDE.DE tracks the S&P Energy Select Sector while ESIE.DE tracks the MSCI World/Energy NR USD. Both are passively managed. Over the past 5 years, ZPDE.DE returned 21.32%/yr vs 19.66%/yr for ESIE.DE. A 0.77 correlation means they provide meaningful diversification when combined. ZPDE.DE charges 0.15%/yr vs 0.18%/yr for ESIE.DE.
Performance
ZPDE.DE vs. ESIE.DE - Performance Comparison
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Returns By Period
In the year-to-date period, ZPDE.DE achieves a 32.72% return, which is significantly lower than ESIE.DE's 35.70% return.
ZPDE.DE
- 1D
- -0.53%
- 1M
- -0.30%
- YTD
- 32.72%
- 6M
- 29.61%
- 1Y
- 43.77%
- 3Y*
- 14.16%
- 5Y*
- 21.32%
- 10Y*
- 9.33%
ESIE.DE
- 1D
- -1.24%
- 1M
- -2.61%
- YTD
- 35.70%
- 6M
- 31.40%
- 1Y
- 55.16%
- 3Y*
- 17.75%
- 5Y*
- 19.66%
- 10Y*
- —
ZPDE.DE vs. ESIE.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | 71.20% | 66.70% | 3.55% |
ESIE.DE iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) | 35.70% | 15.26% | -6.63% | 8.58% | 35.56% | 35.47% | 6.12% |
Correlation
The correlation between ZPDE.DE and ESIE.DE is 0.74, 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 | 0.74 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.72 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.77 |
Correlation (All Time) Calculated using the full available price history since Nov 23, 2020 | 0.77 |
The correlation between ZPDE.DE and ESIE.DE has been stable across timeframes, ranging from 0.72 to 0.77 - a consistent structural relationship.
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Return for Risk
ZPDE.DE vs. ESIE.DE — Risk / Return Rank
ZPDE.DE
ESIE.DE
ZPDE.DE vs. ESIE.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) and iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.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.
| ZPDE.DE | ESIE.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.58 | ||
| Sortino ratioReturn per unit of downside risk | -0.62 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 4.45 | -1.91 |
| Martin ratioReturn relative to average drawdown | 8.09 | 14.31 | -6.22 |
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
| ZPDE.DE | ESIE.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.40 | -0.58 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.82 | -0.03 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | — | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.93 | -0.67 |
Drawdowns
ZPDE.DE vs. ESIE.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than ESIE.DE's maximum drawdown of -26.20%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and ESIE.DE.
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Drawdown Indicators
| ZPDE.DE | ESIE.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -26.20% | -39.38% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -12.33% | -4.83% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -26.20% | -0.77% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -26.20% | -0.77% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -6.72% | -2.15% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -6.68% | -10.60% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 3.84% | +1.56% |
Volatility
ZPDE.DE vs. ESIE.DE - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to iShares MSCI Europe Energy Sector UCITS ETF EUR (Acc) (ESIE.DE) at 7.06%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than ESIE.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| ZPDE.DE | ESIE.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 7.06% | +0.47% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 19.84% | +0.51% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 22.89% | +1.07% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 23.75% | +3.15% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 24.16% | +4.73% |
ZPDE.DE vs. ESIE.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than ESIE.DE's 0.18% 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
ZPDE.DE vs. ESIE.DE - Dividend Comparison
Neither ZPDE.DE nor ESIE.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDE.DE and ESIE.DE have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, ZPDE.DE is cheaper at 0.15% per year. The better choice depends on whether you care most about return, fees, risk, or income.
ZPDE.DE is cheaper with a 0.15% expense ratio, compared with 0.18% for ESIE.DE.
ZPDE.DE tracks S&P Energy Select Sector, while ESIE.DE tracks MSCI World/Energy NR USD. They also come from different issuers: State Street and iShares. Their fees differ too: 0.15% for ZPDE.DE and 0.18% for ESIE.DE.
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