ZPDE.DE vs. JMLP.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and JMLP.DE (HANetf Alerian Midstream Energy Dividend UCITS ETF) are both Energy Equities funds - ZPDE.DE tracks the S&P Energy Select Sector while JMLP.DE tracks the Alerian Midstream Energy Dividend. Both are passively managed. Over the past 5 years, ZPDE.DE returned 21.32%/yr vs 23.96%/yr for JMLP.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPDE.DE charges 0.15%/yr vs 0.40%/yr for JMLP.DE.
Performance
ZPDE.DE vs. JMLP.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 higher than JMLP.DE's 27.39% 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%
JMLP.DE
- 1D
- -1.02%
- 1M
- 0.18%
- YTD
- 27.39%
- 6M
- 24.82%
- 1Y
- 24.53%
- 3Y*
- 24.31%
- 5Y*
- 23.96%
- 10Y*
- —
ZPDE.DE vs. JMLP.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% | 0.96% |
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 27.39% | -5.93% | 44.53% | 15.63% | 34.66% | 55.73% | 7.58% |
Correlation
The correlation between ZPDE.DE and JMLP.DE is 0.70, 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 | 0.70 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.68 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Aug 7, 2020 | 0.76 |
The correlation between ZPDE.DE and JMLP.DE has been stable across timeframes, ranging from 0.68 to 0.76 - a consistent structural relationship.
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Return for Risk
ZPDE.DE vs. JMLP.DE — Risk / Return Rank
ZPDE.DE
JMLP.DE
ZPDE.DE vs. JMLP.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 HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.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 | JMLP.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.53 | ||
| Sortino ratioReturn per unit of downside risk | +0.48 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.22 | +0.10 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 2.22 | +0.32 |
| Martin ratioReturn relative to average drawdown | 8.09 | 6.04 | +2.05 |
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 | JMLP.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 1.30 | +0.53 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 1.16 | -0.38 |
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 | 1.35 | -1.09 |
Drawdowns
ZPDE.DE vs. JMLP.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than JMLP.DE's maximum drawdown of -22.29%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and JMLP.DE.
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Drawdown Indicators
| ZPDE.DE | JMLP.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -22.29% | -43.29% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -11.02% | -6.14% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -22.29% | -4.68% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -22.29% | -4.68% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -5.15% | -3.72% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -5.87% | -11.41% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 4.05% | +1.35% |
Volatility
ZPDE.DE vs. JMLP.DE - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to HANetf Alerian Midstream Energy Dividend UCITS ETF (JMLP.DE) at 6.65%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than JMLP.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 | JMLP.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.65% | +0.88% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 15.30% | +5.05% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 18.80% | +5.16% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 20.38% | +6.52% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 21.66% | +7.23% |
ZPDE.DE vs. JMLP.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than JMLP.DE's 0.40% expense ratio.
Dividends
ZPDE.DE vs. JMLP.DE - Dividend Comparison
ZPDE.DE has not paid dividends to shareholders, while JMLP.DE's dividend yield for the trailing twelve months is around 2.77%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|---|---|
JMLP.DE HANetf Alerian Midstream Energy Dividend UCITS ETF | 2.77% | 3.38% | 5.41% | 11.39% | 11.27% | 14.07% | 8.95% |
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPDE.DE and JMLP.DE have a correlation of 0.70, 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 0.40% for JMLP.DE.
ZPDE.DE tracks S&P Energy Select Sector, while JMLP.DE tracks Alerian Midstream Energy Dividend. They also come from different issuers: State Street and HANetf. Their fees differ too: 0.15% for ZPDE.DE and 0.40% for JMLP.DE.
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