ZPDE.DE vs. SPYL.DE
ZPDE.DE (SPDR S&P US Energy Select Sector UCITS ETF) and SPYL.DE (State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc)) are both exchange-traded funds - ZPDE.DE is a Energy Equities fund tracking the S&P Energy Select Sector, while SPYL.DE is a S&P 500 fund tracking the S&P 500 Index. Both are passively managed. Over the past year, ZPDE.DE returned 43.77% vs 25.61% for SPYL.DE. At a 0.21 correlation, their price movements are largely independent. ZPDE.DE charges 0.15%/yr vs 0.03%/yr for SPYL.DE.
Performance
ZPDE.DE vs. SPYL.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 SPYL.DE's 11.37% 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%
SPYL.DE
- 1D
- -0.15%
- 1M
- 5.19%
- YTD
- 11.37%
- 6M
- 11.41%
- 1Y
- 25.61%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
ZPDE.DE vs. SPYL.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
ZPDE.DE SPDR S&P US Energy Select Sector UCITS ETF | 32.72% | -2.67% | 9.39% | -5.34% |
SPYL.DE State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) | 11.37% | 4.71% | 32.33% | 9.54% |
Correlation
The correlation between ZPDE.DE and SPYL.DE 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 (All Time) Calculated using the full available price history since Nov 2, 2023 | 0.21 |
The correlation between ZPDE.DE and SPYL.DE shifts across timeframes, from -0.01 (1 year) to 0.21 (all time), reflecting how their relationship changes across market environments.
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Return for Risk
ZPDE.DE vs. SPYL.DE — Risk / Return Rank
ZPDE.DE
SPYL.DE
ZPDE.DE vs. SPYL.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 State Street SPDR S&P 500 UCITS ETF USD Unhedged (Acc) (SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.39 | ||
| Sortino ratioReturn per unit of downside risk | -0.72 | ||
| Omega ratioGain probability vs. loss probability | 1.32 | 1.41 | -0.09 |
| Calmar ratioReturn relative to maximum drawdown | 2.54 | 3.58 | -1.04 |
| Martin ratioReturn relative to average drawdown | 8.09 | 12.72 | -4.63 |
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 | SPYL.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 1.83 | 2.21 | -0.39 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.78 | — | — |
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 | 1.54 | -1.27 |
Drawdowns
ZPDE.DE vs. SPYL.DE - Drawdown Comparison
The maximum ZPDE.DE drawdown since its inception was -65.58%, which is greater than SPYL.DE's maximum drawdown of -23.27%. Use the drawdown chart below to compare losses from any high point for ZPDE.DE and SPYL.DE.
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Drawdown Indicators
| ZPDE.DE | SPYL.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -65.58% | -23.27% | -42.31% |
Max Drawdown (1Y)Largest decline over 1 year | -17.16% | -7.13% | -10.03% |
Max Drawdown (3Y)Largest decline over 3 years | -26.97% | — | — |
Max Drawdown (5Y)Largest decline over 5 years | -26.97% | — | — |
Max Drawdown (10Y)Largest decline over 10 years | -65.58% | — | — |
Current DrawdownCurrent decline from peak | -8.87% | -0.46% | -8.41% |
Average DrawdownAverage peak-to-trough decline | -17.28% | -3.24% | -14.04% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 5.40% | 2.01% | +3.39% |
Volatility
ZPDE.DE vs. SPYL.DE - 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 UCITS ETF USD Unhedged (Acc) (SPYL.DE) at 2.66%. This indicates that ZPDE.DE's price experiences larger fluctuations and is considered to be riskier than SPYL.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 | SPYL.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 7.53% | 2.66% | +4.87% |
Volatility (6M)Calculated over the trailing 6-month period | 20.35% | 7.57% | +12.78% |
Volatility (1Y)Calculated over the trailing 1-year period | 23.96% | 11.52% | +12.44% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 26.90% | 14.61% | +12.29% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 28.89% | 14.61% | +14.28% |
ZPDE.DE vs. SPYL.DE - Expense Ratio Comparison
ZPDE.DE has a 0.15% expense ratio, which is higher than SPYL.DE's 0.03% 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. SPYL.DE - Dividend Comparison
Neither ZPDE.DE nor SPYL.DE has paid dividends to shareholders.
Frequently Asked Questions
ZPDE.DE and SPYL.DE 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, SPYL.DE is cheaper at 0.03% per year. The better choice depends on whether you care most about return, fees, risk, or income.
SPYL.DE is cheaper with a 0.03% expense ratio, compared with 0.15% for ZPDE.DE.
ZPDE.DE is categorized as Energy Equities, while SPYL.DE is S&P 500. ZPDE.DE tracks S&P Energy Select Sector, while SPYL.DE tracks S&P 500 Index. Their fees differ too: 0.15% for ZPDE.DE and 0.03% for SPYL.DE.
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