ZPDE.DE vs. SC0V.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and SC0V.DE (Invesco European Oil & Gas Sector UCITS ETF) are both Energy Equities funds - ZPDE.DE tracks the S&P Energy Select Sector while SC0V.DE tracks the STOXX® Europe 600 Optimised Oil & Gas. Both are passively managed. Over the past 10 years, ZPDE.DE returned 9.33%/yr vs 11.36%/yr for SC0V.DE. A 0.76 correlation means they provide meaningful diversification when combined. ZPDE.DE charges 0.15%/yr vs 0.20%/yr for SC0V.DE.
Performance
ZPDE.DE vs. SC0V.DE - Performance Comparison
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Returns By Period
The year-to-date returns for both investments are quite close, with ZPDE.DE having a 32.72% return and SC0V.DE slightly higher at 34.01%. Over the past 10 years, ZPDE.DE has underperformed SC0V.DE with an annualized return of 9.33%, while SC0V.DE has yielded a comparatively higher 11.36% annualized 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%
SC0V.DE
- 1D
- -0.63%
- 1M
- -5.05%
- YTD
- 34.01%
- 6M
- 31.68%
- 1Y
- 58.57%
- 3Y*
- 21.14%
- 5Y*
- 19.52%
- 10Y*
- 11.36%
ZPDE.DE vs. SC0V.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -2.97% | 71.20% | 66.70% | -38.96% | 13.17% | -14.79% | -13.20% |
SC0V.DE Invesco European Oil & Gas Sector UCITS ETF | 34.01% | 29.15% | -5.65% | 5.37% | 30.86% | 20.64% | -20.83% | 10.41% | -0.18% | 2.31% |
Correlation
The correlation between ZPDE.DE and SC0V.DE is 0.62, 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 | 0.62 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.65 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.73 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.75 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.76 |
The correlation between ZPDE.DE and SC0V.DE shifts across timeframes, from 0.62 (1 year) to 0.76 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDE.DE vs. SC0V.DE — Risk / Return Rank
ZPDE.DE
SC0V.DE
ZPDE.DE vs. SC0V.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 Invesco European Oil & Gas Sector UCITS ETF (SC0V.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 | SC0V.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -1.37 | ||
| Sortino ratioReturn per unit of downside risk | -1.62 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.54 | -0.22 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 7.93 | -5.39 |
| Martin ratioReturn relative to average drawdown | 8.09 | 28.20 | -20.11 |
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 | SC0V.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 3.19 | -1.37 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | 0.89 | -0.10 |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | 0.32 | 0.47 | -0.15 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.34 | -0.08 |
Drawdowns
ZPDE.DE vs. SC0V.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than SC0V.DE's maximum drawdown of -57.15%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and SC0V.DE.
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Drawdown Indicators
| ZPDE.DE | SC0V.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -57.15% | -8.43% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -7.35% | -9.81% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -22.22% | -4.75% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -22.22% | -4.75% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | -57.15% | -8.43% |
Current DrawdownCurrent decline from peak | -8.87% | -5.05% | -3.82% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -10.52% | -6.76% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 2.07% | +3.33% |
Volatility
ZPDE.DE vs. SC0V.DE - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to Invesco European Oil & Gas Sector UCITS ETF (SC0V.DE) at 6.07%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than SC0V.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 | SC0V.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 6.07% | +1.46% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 14.92% | +5.43% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 18.28% | +5.68% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 21.74% | +5.16% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 23.93% | +4.96% |
ZPDE.DE vs. SC0V.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is lower than SC0V.DE's 0.20% 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. SC0V.DE - Dividend Comparison
Neither ZPDE.DE nor SC0V.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDE.DE and SC0V.DE have a correlation of 0.62, 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 0.20% for SC0V.DE.
ZPDE.DE tracks S&P Energy Select Sector, while SC0V.DE tracks STOXX® Europe 600 Optimised Oil & Gas. They also come from different issuers: State Street and Invesco. Their fees differ too: 0.15% for ZPDE.DE and 0.20% for SC0V.DE.
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