ZPDE.DE vs. SPY
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and SPY (State Street SPDR S&P 500 ETF) are both exchange-traded funds - ZPDE.DE is a Energy Equities fund tracking the S&P Energy Select Sector, while SPY is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past 10 years, ZPDE.DE returned 9.33%/yr vs 15.22%/yr for SPY. At a 0.29 correlation, their price movements are largely independent. ZPDE.DE charges 0.15%/yr vs 0.09%/yr for SPY.
Performance
ZPDE.DE vs. SPY - Performance Comparison
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Different Trading Currencies
ZPDE.DE is traded in EUR, while SPY is traded in USD. To make them comparable, the SPY values have been converted to EUR using the latest available exchange rates.
Returns By Period
In the year-to-date period, ZPDE.DE achieves a 32.72% return, which is significantly higher than SPY's 12.60% return. Over the past 10 years, ZPDE.DE has underperformed SPY with an annualized return of 9.33%, while SPY has yielded a comparatively higher 15.22% 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%
SPY
- 1D
- 0.24%
- 1M
- 5.30%
- YTD
- 12.60%
- 6M
- 11.55%
- 1Y
- 26.34%
- 3Y*
- 19.32%
- 5Y*
- 14.97%
- 10Y*
- 15.22%
ZPDE.DE vs. SPY - 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% |
SPY State Street SPDR S&P 500 ETF | 12.60% | 3.75% | 33.13% | 22.39% | -13.10% | 38.36% | 8.58% | 34.19% | -0.09% | 6.75% |
Correlation
The correlation between ZPDE.DE and SPY is 0.01, meaning there is essentially no relationship between their price movements. Each responds to its own set of market drivers, making them strong candidates for combining in a diversified portfolio.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.01 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.12 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.15 |
Correlation (10Y) Calculated over the trailing 10-year period | 0.26 |
Correlation (All Time) Calculated using the full available price history since Jul 9, 2015 | 0.29 |
Over the past year, the correlation between ZPDE.DE and SPY has dropped to 0.01 - well below their long-term average of 0.29, suggesting their price drivers have been diverging.
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Return for Risk
ZPDE.DE vs. SPY — Risk / Return Rank
ZPDE.DE
SPY
ZPDE.DE vs. SPY - 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 State Street SPDR S&P 500 ETF (SPY). 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 | SPY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.34 | ||
| Sortino ratioReturn per unit of downside risk | -0.51 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.40 | -0.08 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.59 | -1.05 |
| Martin ratioReturn relative to average drawdown | 8.09 | 13.59 | -5.50 |
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 | SPY | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.16 | -0.34 |
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 | 0.83 | -0.51 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.26 | 0.62 | -0.36 |
Drawdowns
ZPDE.DE vs. SPY - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than SPY's maximum drawdown of -49.85%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and SPY.
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Drawdown Indicators
| ZPDE.DE | SPY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -49.85% | -15.73% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -7.38% | -9.78% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | -23.87% | -3.10% |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | -23.87% | -3.10% |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | -33.22% | -32.36% |
Current DrawdownCurrent decline from peak | -8.87% | -0.19% | -8.68% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -7.85% | -9.43% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 1.94% | +3.46% |
Volatility
ZPDE.DE vs. SPY - Volatility Comparison
SPDR S&P US Energy Select Sector UCITS ETF (ZPDE.DE) has a higher volatility of 7.53% compared to State Street SPDR S&P 500 ETF (SPY) at 2.17%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than SPY 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 | SPY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 2.17% | +5.36% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 8.55% | +11.80% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 12.23% | +11.73% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 16.96% | +9.94% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 18.46% | +10.43% |
ZPDE.DE vs. SPY - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is higher than SPY's 0.09% 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
ZPDE.DE vs. SPY - Dividend Comparison
ZPDE.DE has not paid dividends to shareholders, while SPY's dividend yield for the trailing twelve months is around 0.98%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
SPY State Street SPDR S&P 500 ETF | 0.98% | 1.07% | 1.21% | 1.40% | 1.65% | 1.20% | 1.52% | 1.75% | 2.04% | 1.80% | 2.03% | 2.06% |
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% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
ZPDE.DE and SPY have a correlation of 0.01, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, SPY is cheaper at 0.09% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPY is cheaper with a 0.09% expense ratio, compared with 0.15% for ZPDE.DE.
ZPDE.DE is categorized as Energy Equities, while SPY is S&P 500. ZPDE.DE tracks S&P Energy Select Sector, while SPY tracks S&P 500 Index. Their fees differ too: 0.15% for ZPDE.DE and 0.09% for SPY.
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